Axis Global Innovation Fund of Fund - Direct Plan - Growth Option
Axis Mutual Fund
Overseas Fund of Funds - Fund of Funds investing overseas
Best SIP day: the 2nd.
Best SIP day for this fund
The 2nd
Thin edgeThe 2nd had the highest full-history XIRR for this fund. Dates in this fund have differed by up to 0.31 pp, but not consistently, so the pattern may not hold.
Why the 2nd
- Highest return of all 28 dates21.247%
Full-history XIRR, 0.18 pp above the middle of the month (21.063%).
- How far apart the 28 dates are0.31 pp
From the 14th (20.936%) up to the 2nd. Wider than the 0.25 pp a date effect needs, but the order of dates didn't hold (-0.29, needs 0.6).
- What the spread is worth₹10,535
Between the highest- and lowest-value dates (the 2nd and the 26th) on a notional ₹10,000 a month: 0.9% of the ₹11.3 lakh it grew to over 5.3 years.
Missing one instalment costs more than picking this date over a typical one.
This fund has 64 months of history, fewer than eight years. A spread of 0.31 pp is hard to tell apart from the noise a history this short produces, so this verdict reflects the length of the history as much as the fund.
Higher than todayLower than todayTodayBest dayNot a SIP date
Each SIP date shows its full-history XIRR. Dates shaded as “higher than today” beat today’s date; the other shade fell short. Weakest to strongest across all 28 is 0.31 pp, and the deeper the fill, the further from today’s figure that date sat. Tap a date (1–28) to compare it with the named day; that does not change the answer.
Loading the calendarDoes not change the named day.
What to keep in mind
This fund has 64 months of history, fewer than eight years. A spread of 0.31 pp is hard to tell apart from the noise a history this short produces, so this verdict reflects the length of the history as much as the fund.