Axis Global Innovation Fund of Fund

Ans.

Ans. The Axis Global Innovation Fund of Fund has an AUM of ₹676.15 Cr as on 4/2/2026. The scheme has delivered CAGR returns for the past 3 years against a category average of 16.24%. The risk is Very High against the category average of 57.04.

Ans. FoFs Domestic are not tax-free. (Mutual fund taxation depends on the scheme type and investment holding period. For Fund of Funds (FoFs), which do not meet the criteria of equity funds (funds that invest at least 65% of the corpus in Indian stocks), the taxation is different. For units sold within the defined short-term holding period, STCG (Short Term Capital Gains) Tax is applicable and taxed at the applicable slab rate. For units held beyond the defined long-term holding period, LTCG (Long Term Capital Gains) is taxed at 12.5% without indexation benefit for transfers after 23rd July 2024.

Ans. There is no lock-in period applicable on Axis Global Innovation Fund of Fund.

Ans. The expense ratio of Axis Global Innovation Fund of Fund is 1.62%.