Axis Innovation Fund Direct Growth

Axis Innovation Fund Direct Growth

Equity

Axis Mutual Fund

Equity - Other

Get the latest NAV of Axis Innovation Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹19.61

▼-0.3%1D

NAV as on 14 Aug 2025

15.57%/per year

Since Inception

Absolute Gain%

▲▼

871 people have invested ₹ 33.5L in Axis Innovation Fund Direct Growth in the last three months

Axis Innovation Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (14-Aug-25)

The fund has outperformed the benchmark (Nifty 500) over 1Y, 3Y, but underperformed over 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-0.66%
4.36%
9.98%
5.2%
15.28%
--
Nifty 500
-3.28%
-0.48%
9.92%
0.03%
14.42%
19.74%
Equity - Other Avg
--
--
--
--
--
--
Best in Equity - Other
2.43%
11.84%
43.18%
13.99%
32.61%
32.29%
Worst in Equity - Other
-7.6%
-2.68%
-2.33%
-16.05%
7.61%
13.15%
Category Rank
17/39
22/34
18/32
24/28
--
--

Axis Innovation Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

13
/40
53% Performance
58% Risk Management
31% Cost

Ranked 13 out of 40 mutual funds in the equity - other category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Axis Innovation Fund
13/40
1,184Cr
1.28%
5.2%
15.28%
1.83
0.78
0.82
1.25
-0.05
ICICI Prudential India Opportunities Fund Direct Growth
1/40
29,718Cr
0.61%
5.76%
24.2%
9.01
0.82
1.49
2.94
1.86
ICICI Prudential Business Cycle Fund Direct Growth
2/40
13,479Cr
0.72%
8.86%
23.08%
7.29
0.86
1.31
2.54
1.57
Nippon India Quant Fund Direct Growth
3/40
101Cr
0.41%
2.6%
20.29%
6.44
0.99
1.08
1.91
2.20
See all
Positive: Lower volatility within category
Lower volatility within category
Positive: Recovers losses quickly
Recovers losses quickly
Negative: 3Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category

Axis Innovation Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Axis Innovation Fund Asset Allocation

See fund asset allocation details as on (14-Aug-25)

Fund Distribution

as on (14-Aug-25)

Equity 98.1%

Debt & Cash 1.9%

Large cap
41.2%
Small cap
20%
Mid cap
18.9%
Small Cap allocation has gone up from 19.3% to 20%
Small Cap allocation has gone up from 19.3% to 20%
Mid Cap allocation has gone up from 18% to 18.9%
Mid Cap allocation has gone up from 18% to 18.9%
Large Cap allocation has gone down from 42.9% to 41.2%
Large Cap allocation has gone down from 42.9% to 41.2%
Cash allocation has gone down from 2.3% to 1.9%
Cash allocation has gone down from 2.3% to 1.9%

Axis Innovation Fund Sector Allocation

See fund sector allocation details as on (14-Aug-25)

Sector Allocation

Equity 98.1%

Debt & Cash 1.9%

Consumer Cyclical
20.9%
Tech
16.2%
Financial Services
15.6%
Industrial
14.6%
Basic Materials
8.9%
Communication
8.7%
Health
7.9%
Utilities
3.6%
Consumer Defensive
1.9%
Energy
1.8%

Top 3 Sectors in July were Consumer Cyclical, Financial Services & Tech

Jul'25

Consumer Cyclical

20%

Financial Services

17%

Tech

14%

Jun'25

Consumer Cyclical

21%

Financial Services

16%

Tech

14%

Axis Innovation Fund Holdings Details

as on (31-Jul-25)

Equity

Debt & Cash

Holdings
Weight%
1M Change
ICICI Bank Ltd
3.94%
0%
HDFC Bank Ltd
3.89%
0%
Eternal Ltd
3.39%
-9.8%
Reliance Industries Ltd
3.01%
0%
Linde India Ltd
2.23%
0%
See all
Top Stocks bought last month
Ellenbarrie Industrial Gases Ltd's allocation increased from 0.17% to 1.08%
Ellenbarrie Industrial Gases Ltd's allocation increased from 0.17% to 1.08%
Biocon Ltd's allocation increased from 0.46% to 1.18%
Biocon Ltd's allocation increased from 0.46% to 1.18%
GE Vernova T&D India Ltd's allocation increased from 1.37% to 1.61%
GE Vernova T&D India Ltd's allocation increased from 1.37% to 1.61%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 3.19 % to 3.01 %
Reliance Industries Ltd's allocation decreased from 3.19 % to 3.01 %
Pidilite Industries Ltd's allocation decreased from 2.33 % to 2.23 %
Pidilite Industries Ltd's allocation decreased from 2.33 % to 2.23 %
Info Edge (India) Ltd's allocation decreased from 2.02 % to 1.93 %
Info Edge (India) Ltd's allocation decreased from 2.02 % to 1.93 %

Axis Innovation Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio1.28%
Benchmark
Nifty 500 TR INR
AUM₹1184 Cr
Inception Date18 December, 2020
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
35.24%
Risk
Risk meter
pointer
Very High Risk

About Axis Innovation Fund

Axis Innovation Fund Direct Growth is an equity fund. This fund was started on 18 December, 2020. The fund is managed by Ashish Naik, Krishnaa N. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Axis Innovation Fund Direct Growth has ₹1184 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
  2. The fund has an expense ratio 1.3.

Returns

Axis Innovation Fund Direct Growth has given a CAGR return of 15.57% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 5.20% and 15.28% respectively.

Holdings

Axis Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Tech, Industrial, Health, Basic Materials, Communication, Utilities, Energy, Consumer Defensive. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Eternal Ltd, Reliance Industries Ltd, Linde India Ltd

Taxation

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Axis Innovation Fund Direct Growth

To generate long term capital appreciation by investing in equity & equity related securities of companies that are benefiting from innovative change (innovators, enablers, adaptors).

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Innovation Fund Direct Growth has no lock in period.

Fund Manager

Ashish Naik

Fund Manager of Axis Innovation Fund Direct Growth, since 24 December 2020

Krishnaa N

Fund Manager of Axis Innovation Fund Direct Growth, since 1 March 2024

Learn more about Axis Mutual Fund
Parameters
Jul'25
Jun'25
May'25
AUM
₹ 1.2K Cr
₹ 1.2K Cr
₹ 1.2K Cr
  • AUM of the fund stands at 1.2K Cr as of Jul'25
  • AUM decreased by 20.5 Cr between Jul'25 and Jun'25

Compare Axis Innovation Fund

Axis Innovation Fund

VS

ICICI Prudential India Opportunities Fund Direct Growth

Frequently Asked Questions for Axis Innovation Fund Direct Growth

How do I invest in Axis Innovation Fund?

INDmoney makes it simple to invest in the Axis Innovation Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Axis Innovation Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Axis Innovation Fund?

The NAV of the fund today is ₹19.61. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Axis Innovation Fund fund has generated a return of 5.20% in 1 year, 15.28% in 3 years

Who is the fund manager of Axis Innovation Fund?

The fund managers are Ashish Naik, Krishnaa N.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-12 Months. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 1.28%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹1184 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Axis Innovation Fund?

The top 3 holdings of the fund are ICICI Bank Ltd(3.94%), HDFC Bank Ltd(3.89%), Eternal Ltd(3.39%)