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Axis Global Equity Alpha Fund of Fund - Direct Plan - Growth Option vs Mahindra Manulife Asia Pacific REITs FOF - Direct Plan - Growth
Axis Global Equity Alpha Fund of Fund and Mahindra Manulife Asia Pacific REITs FOF are both in the FoF Overseas category, from Axis Asset Management Co. Ltd. and Mahindra Manulife Investment Management Pvt Ltd respectively. Mahindra Manulife Asia Pacific REITs FOF has posted a higher 3-year rolling CAGR. Mahindra Manulife Asia Pacific REITs FOF has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Mahindra Manulife Asia Pacific REITs FOF has the lower direct-plan expense ratio, by 0.28 percentage points.
| Axis Global Equity Alpha Fund of Fund - Direct Plan - Growth Option | Mahindra Manulife Asia Pacific REITs FOF - Direct Plan - Growth | |
|---|---|---|
| Category | FoF Overseas | FoF Overseas |
| AMC | Axis Asset Management Co. Ltd. | Mahindra Manulife Investment Management Pvt Ltd |
| Benchmark | MSCI World Index | FTSE EPRA Nareit Asia ex Japan REITs Index |
| NAV | ₹26.3515 (2026-10-28) | ₹10.5233 (2026-10-28) |
| AUM | ₹2,457.539 Cr | ₹38.08 Cr |
| Expense Ratio (Direct) | 0.8% | 0.52% |
| Inception | 2020-09-04 | 2021-09-28 |
Returns
Mahindra Manulife Asia Pacific REITs FOF leads on 3-year rolling CAGR (5.1% 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
Mahindra Manulife Asia Pacific REITs FOF has been the more volatile of the two by standard deviation.
| Axis Global Equity Alpha Fund of Fund - Direct Plan - Growth Option | Mahindra Manulife Asia Pacific REITs FOF - Direct Plan - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 1.23 | 0.21 |
| 3Y Alpha | 2.0553% | -2.7766% |
| 3Y Std Deviation | 12.9554% | 14.0348% |
| 3Y Calmar Ratio | 1.22 | 0.59 |
Portfolio Analytics
Punji Fund Health Score
Axis Global Equity Alpha Fund of Fund 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 Mahindra Manulife Asia Pacific REITs FOF?
Mahindra Manulife Asia Pacific REITs FOF's 3-year rolling CAGR of 5.1% is higher than Axis Global Equity Alpha Fund of Fund's 13.9%. Mahindra Manulife Asia Pacific REITs FOF sits in the 11th 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 Mahindra Manulife Asia Pacific REITs FOF?
Mahindra Manulife Asia Pacific REITs FOF's direct-plan expense ratio is 0.28 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 Mahindra Manulife Asia Pacific REITs FOF?
By standard deviation (a measure of how much a fund's returns swing around its own average), Mahindra Manulife Asia Pacific REITs FOF has been more volatile than Axis Global Equity Alpha Fund of Fund 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 0.21 for Mahindra Manulife Asia Pacific REITs 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 Mahindra Manulife Asia Pacific REITs FOF?
Axis Global Equity Alpha Fund of Fund has ₹2,458 Cr in assets under management, versus ₹38 Cr for Mahindra Manulife Asia Pacific REITs 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 Mahindra Manulife Asia Pacific REITs FOF?
Axis Global Equity Alpha Fund of Fund launched on 2020-09-04, making it older than Mahindra Manulife Asia Pacific REITs FOF (launched 2021-09-28). 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.