COMPARE
Axis Global Equity Alpha Fund of Fund - Direct Plan - Growth Option vs HDFC Developed World Overseas Equity Passive FOF - Direct Plan - Growth Option
Axis Global Equity Alpha Fund of Fund and HDFC Developed World Overseas Equity Passive FOF are both in the FoF Overseas category, from Axis Asset Management Co. Ltd. and HDFC Asset Management Company Limited respectively. HDFC Developed World Overseas Equity Passive FOF has posted a higher 3-year rolling CAGR. HDFC Developed World Overseas Equity Passive FOF has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
HDFC Developed World Overseas Equity Passive FOF has the lower direct-plan expense ratio, by 0.59 percentage points.
| Axis Global Equity Alpha Fund of Fund - Direct Plan - Growth Option | HDFC Developed World Overseas Equity Passive FOF - Direct Plan - Growth Option | |
|---|---|---|
| Category | FoF Overseas | FoF Overseas |
| AMC | Axis Asset Management Co. Ltd. | HDFC Asset Management Company Limited |
| Benchmark | MSCI World Index | MSCI World Index |
| NAV | ₹26.3515 (2026-10-28) | ₹21.918 (2026-10-28) |
| AUM | ₹2,457.539 Cr | ₹1,700.558 Cr |
| Expense Ratio (Direct) | 0.8% | 0.21% |
| Inception | 2020-09-04 | 2021-09-17 |
Returns
HDFC Developed World Overseas Equity Passive FOF leads on 3-year rolling CAGR (21.6% vs Axis Global Equity Alpha Fund of Fund's 13.9%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Axis Global Equity Alpha Fund of Fund has been the more volatile of the two by standard deviation.
Portfolio Analytics
Punji Fund Health Score
HDFC Developed World Overseas Equity Passive FOF has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Axis Global Equity Alpha Fund of Fund or HDFC Developed World Overseas Equity Passive FOF?
HDFC Developed World Overseas Equity Passive FOF's 3-year rolling CAGR of 21.6% is higher than Axis Global Equity Alpha Fund of Fund's 13.9%. HDFC Developed World Overseas Equity Passive FOF sits in the 76th percentile of its category on this metric, versus the 57th percentile for Axis Global Equity Alpha Fund of Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Axis Global Equity Alpha Fund of Fund or HDFC Developed World Overseas Equity Passive FOF?
HDFC Developed World Overseas Equity Passive FOF's direct-plan expense ratio is 0.59 percentage points lower than Axis Global Equity Alpha Fund of Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Axis Global Equity Alpha Fund of Fund or HDFC Developed World Overseas Equity Passive FOF?
By standard deviation (a measure of how much a fund's returns swing around its own average), Axis Global Equity Alpha Fund of Fund has been more volatile than HDFC Developed World Overseas Equity Passive FOF over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (1.23 for Axis Global Equity Alpha Fund of Fund vs 1.48 for HDFC Developed World Overseas Equity Passive FOF) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Axis Global Equity Alpha Fund of Fund or HDFC Developed World Overseas Equity Passive FOF?
Axis Global Equity Alpha Fund of Fund has ₹2,458 Cr in assets under management, versus ₹1,701 Cr for HDFC Developed World Overseas Equity Passive FOF. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Axis Global Equity Alpha Fund of Fund or HDFC Developed World Overseas Equity Passive FOF?
Axis Global Equity Alpha Fund of Fund launched on 2020-09-04, making it older than HDFC Developed World Overseas Equity Passive FOF (launched 2021-09-17). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.