Axis Greater China Equity Fund of Fund

All Cap

Diversified

Equity

Global Growth

Others

Empty

1–7 yearsInvestment Horizon

Empty

What This Strategy Does

Axis Greater China Equity FoF Reg Gr is an equity fund which captures the ₹100+ trillion Greater China opportunity through a diversified portfolio, deploying capital across technology, financials, and consumer sectors to achieve broad-based earnings growth.

CW Expert Research Notes

Resilient Downside Protection

The fund has demonstrated consistent downside protection across market cycles, outperforming its benchmark in 10 of the past 12 years.

Concentrated China Exposure

The fund's differentiated process results in a concentrated portfolio with high conviction in Chinese technology leaders like Tencent and Alibaba.

Cyclical Upside Potential

With an overweight to attractively valued consumer and industrial stocks, the fund is well-positioned to benefit from an eventual recovery in Chinese economic growth.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

0.0% AnnuallyAlpha

+3.4% vs +8.5% benchmarkSince Inception

+21.2% vs +6.4% benchmark3Y Annualized

+6.1% vs +6.5% benchmark5Y Annualized

Axis Greater China Equity Fund of Fund

Benchmark Index

Benchmark Performance Comparison

Axis Greater China Equity Fund

NIFTY 50

Risk Profile

Standard Deviation19.7%

Maximum Drawdown-19.6% | Aug 2023

Sharpe Ratio2.21

Detailed Risks

Market Risk

Prolonged US-China trade tensions could disrupt supply chains, dampen consumer demand.

Liquidity Risk

High mid-cap tilt could amplify liquidity strains during volatility spikes.

Concentration Risk

Concentrated China exposure leaves fund vulnerable to regulatory crackdowns, property slump.

Specific Strategy Risk

Earnings misses or competitive pressures in key tech/consumer holdings could impair performance.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Captures the growth potential of China's rapidly expanding economy and consumer market. This theme provides exposure to leading companies across sectors benefiting from rising incomes, urbanization, and technological innovation within the world's second-largest economy.

Broader Market View

Market Outlook

Equity markets appear to be entering a mid-cycle phase, with consumption and earnings recovery supporting an attractive entry point. Macro tailwinds such as reviving capex and credit growth align with the strategy's tilt towards consumer, financial services, and technology sectors, though risks like margin pressures persist.

Why This Strategy is Attractive Now

The strategy seems well-positioned, with exposure to market leaders across consumer cyclicals/defensives, financials, and technology. Its balanced ~70 holding portfolio could benefit from normalization, while moderate risk metrics and flexibility may allow for risk-adjusted participation in the cycle's upside.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach focused on resilient business models and prudent valuations appears well-positioned.

High-Level Investment Process

Sourcing: The strategy appears to source investment candidates from across the market capitalization spectrum, with a tilt towards larger, more established companies. Selection: The selection process suggests a preference for companies with strong franchises, visible earnings streams, and attractive growth runways, balanced against disciplined valuation criteria. Construction: Portfolio construction is consistent with a diversified, conviction-weighted approach that aims to manage exposures across sectors and risk factors.

Portfolio Holdings Overview

SectoralAllocation

Services18.92%

Consumers16.9%

Capital Goods21.76%

Technology31.68%

Energy & Infra2.35%

Financial Services8.38%

Geographic Allocation

International100%

Top Stock Holdings

CompanySectorAllocation

Schroder ISF Greater China X Acc USDUtilities97.13%

Clearing Corporation Of India LtdUtilities7.00%

Net Receivables / (Payables)Utilities-4.12%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Krishnaa N

Krishnaa N has experience of 2 years. Manages 158 funds at Axis Asset Management Company Limited with an AUM of approximately ₹1,28,440 Cr

2 years

Combined Team Experience

₹ 1,28,440 Cr

Assets Under Management

CW Expert Take

Axis Greater China Equity FoF brings global exposure to Indian investors. Their investment philosophy focuses on identifying quality franchises across China and other Asian markets. The fund house leverages in-depth research capabilities to navigate regional dynamics, combining top-down macro views with bottom-up analysis of business models and governance standards. Axis maintains disciplined risk management frameworks while actively positioning across sectors and market capitalizations.

Firm Overview

Total AUM₹3,61,984.16 Cr

Investment Philosophy & Approach

Disciplined Approach

Axis AMC follows a disciplined investment approach focused on rigorous research.

Risk Management

Risk management is embedded in the investment process through robust controls.

Long-Term Perspective

The fund house adopts a long-term perspective in portfolio construction.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)1.58%

Exit Load1

Regulatory & Tax Information

INF846K01Y62

ISIN

DailyDealing Frequency

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)