Axis Global Equity Alpha Fund of Fund - Direct Plan - Growth Option

Axis Global Equity Alpha Fund of Fund - Direct Plan - Growth Option holds up reasonably well within the FoF Overseas category, currently carrying a 1-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 67/100.

Cost: At 0.56%, the expense ratio is roughly in line with the FoF Overseas category average of 0.6% — cost isn't a standout factor either way for this fund.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a strong Sharpe ratio of 1.22 — the fund has generated solid returns relative to the volatility it exposed investors to. Separately, annualised volatility of 14.84% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Other fund. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.