Axis Greater China Equity Fund of Fund (FoF) has completed five years since its launch in January 2021, with the scheme reporting a fund size of ₹1,696 crore as of December 31, 2025.
The fund has been witnessing inflows and currently has about ₹1,500 crore of available headroom under the overseas investment category, according to the fund review note.
Several other domestic mutual funds have halted investments in overseas schemes due to category limits, the note said.
The Axis scheme provides exposure to Greater China markets including China, Taiwan and Hong Kong through a single India-domiciled fund. It accepts investments through SIPs and lump-sum routes in Indian rupees.
Performance and portfolio mix
As of December 31, 2025, the fund’s one-year return stood at 38.92% on a CAGR basis.
The fund invests in Schroder ISF Greater China Class X Acc, which follows an active investment strategy. The review note said active management can be relevant for Greater China markets due to their sensitivity to policy and sentiment shifts.
Portfolio allocation as of December 31, 2025 showed China at around 69%, Taiwan at about 24%, Hong Kong near 6% and liquid assets at roughly 2%.
Sector exposure was led by information technology (25.1%), consumer discretionary (18.7%), communication services (12.7%), financials (11.0%) and industrials (9.8%).
Top holdings included Taiwan Semiconductor Manufacturing Co Ltd (9.9%), Tencent Holdings Ltd (9.3%), Alibaba Group Holding Ltd (8.1%), AIA Group Ltd (3.4%) and Delta Electronics Inc (2.9%).
The total expense ratio (TER) for the direct plan stood at 0.53%, as per the portfolio snapshot.
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