Axis Innovation Fund Direct Growth
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.
₹18.63
1D
NAV as on 13 May 2025
15.19%/per year
Since Inception
▲▼
743 people have invested ₹ 19.7L 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 (13-May-25)
The fund has outperformed the benchmark (Nifty 500) over 1Y, 3Y, but underperformed over 5Y.
Peer comparison
Axis Innovation Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Axis Innovation Fund Asset Allocation
See fund asset allocation details as on (13-May-25)
Fund Distribution
as on (13-May-25)
Equity 96.4%
Debt & Cash 3.7%
Axis Innovation Fund Sector Allocation
See fund sector allocation details as on (13-May-25)
Sector Allocation
Equity 96.4%
Debt & Cash 3.7%
Top 3 Sectors in April were Consumer Cyclical, Financial Services & Tech
Consumer Cyclical
20%
Financial Services
17%
Tech
15%
Consumer Cyclical
20%
Financial Services
17%
Tech
14%
Axis Innovation Fund Holdings Details
as on (30-Apr-25)
Equity
Debt & Cash
Axis Innovation Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 1.32% |
Benchmark | Nifty 500 TR INR |
| AUM | ₹1121 Cr |
| Inception Date | 18 December, 2020 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 37.39% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   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. The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Innovation Fund Direct Growth has ₹1121 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 1.3.
Returns
Axis Innovation Fund Direct Growth has given a CAGR return of 15.19% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 10.96% and 18.73% respectively.
Holdings
Axis Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Tech, Industrial, Communication, Basic Materials, Health, Utilities, Energy, Consumer Defensive. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Reliance Industries Ltd, Eternal Ltd, Pidilite Industries 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 benefitDividends 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
- AUM of the fund stands at 1.1K Cr as of Apr'25
- AUM increased by 29.5 Cr between Apr'25 and Mar'25
More funds from Axis
3Y CAGR
▲ 29.26
3Y CAGR
▲ 27.00
3Y CAGR
▲ 26.88
3Y CAGR
▲ 26.46
5Y CAGR
▲ 33.29
Compare Axis Innovation Fund
Axis Innovation Fund
VS
ICICI Prudential India Opportunities Fund Direct Growth
Frequently Asked Questions for Axis Innovation Fund Direct Growth
What is the current NAV of Axis Innovation Fund Direct Growth?
What are the average returns of Axis Innovation Fund Direct Growth?
Axis Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 8.5% | 8.5% |
6 Month Returns | -1.11% | -1.11% |
1 Year Returns | 10.96% | 10.96% |
3 Years Returns | 67.39% | 18.73% |
How do I invest in Axis Innovation Fund Direct Growth?
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
What is the expense ratio of Axis Innovation Fund Direct Growth?
What is net assets under management (AUM) of Axis Innovation Fund Direct Growth?
What are the top 5 holdings of Axis Innovation Fund Direct Growth?
What are the top 3 sectors that this Axis Innovation Fund Direct Growth has invested in?
What is the alpha of Axis Innovation Fund Direct Growth?
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Innovation Fund Direct Growth | 1.63 | -0.32 | - |
What is the beta of Axis Innovation Fund Direct Growth??
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Innovation Fund Direct Growth | 0.83 | 0.86 | - |
What is the sharpe ratio of Axis Innovation Fund Direct Growth?
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Innovation Fund Direct Growth | 0.13 | 0.52 | - |
What is the standard deviation of Axis Innovation Fund Direct Growth?
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Innovation Fund Direct Growth | 15.13 | 14.12 | - |