Axis Innovation Fund Direct Growth

Axis Innovation Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 09-12-2024

₹ 20.13

Inception Returns

19.2%

/yr

About Axis Innovation Fund Direct Growth

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

  1. Axis Innovation Fund Direct Growth has ₹1226 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 1.3.

Returns

Axis Innovation Fund Direct Growth has given a CAGR return of 19.24% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 37.59% and 13.44% respectively.

Holdings

Axis Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Tech, Industrial, Financial Services, Basic Materials, Health, Communication, Utilities, Consumer Defensive, Energy. Its top holdings are ICICI Bank Ltd, Info Edge (India) Ltd, Zomato Ltd, Torrent Power Ltd, HDFC Bank 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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
564 people have invested ₹ 42.8L in Axis Innovation Fund Direct Growth in the last three months

INDmoney Rank for Axis Innovation Fund Direct Growth

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3Y returns in the bottom 25% of the category

Axis Innovation Fund Direct Growth Overview

Expense ratio1.27%
Benchmark
IISL Nifty 500 TR INR
AUM₹1226 Cr
Inception Date18 December, 2020
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
37.39%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (09-Dec-24)

Period
Axis Innovation Fund Direct Growth
Nifty 500
equity - other
1M
3.5%
3%
-
3M
3.6%
-1.4%
-
6M
13.8%
6.9%
-
1Y
37.6%
24.7%
-
3Y
13.4%
15.4%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 98.8%

  • Debt & Cash 1.2%

Large cap
36.2%

Mid cap
24.1%

Small cap
17.8%

Sector Allocation

Oct'24

Sep'24

Aug'24

Consumer Cyclical
16.9%
Industrial
15.9%
Tech
15.7%
Financial Services
14.5%
Basic Materials
10%
Communication
8.7%
Health
8.4%
Utilities
4.7%
Consumer Defensive
2.7%
Energy
2.5%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-5.09%
3.95%
2.36%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -5.09% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 1.43% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.3K Cr
₹ 1.3K Cr
₹ 1.3K Cr
  • AUM of the fund stands at 1.3K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24

Top 3 Sectors in October were Consumer Cyclical, Industrial & Tech

Oct'24
Consumer Cyclical
17%
Industrial
16%
Tech
16%
Sep'24
Consumer Cyclical
17%
Industrial
16%
Tech
16%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
97
97
95
Top 5 Company Concentration
16.5%
16.5%
15.7%
Company having highest exposure
Info Edge (India) Ltd (3.8%)
Info Edge (India) Ltd (3.8%)
Info Edge (India) Ltd (3.7%)
No of Sectors
10
10
11
Top 5 Sectors Concentration
73%
73%
90.2%
Sector having highest exposure
Consumer Cyclical (16.9%)
Consumer Cyclical (16.9%)
Government (26.3%)
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Ashish Naik
Ashish Naik
Fund Manager of Axis Innovation Fund Direct Growth, since 24 December 2020
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.35L Cr
as on 31-Oct-2024
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com

Axis Innovation Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 19.24% since inception which is less than its category average return of 19.45%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.85% in Equity, 0% in Debt and 1.15% in Cash related instruments
AUM size ₹1226 Cr

AUM size ₹1226 Cr

This fund has AUM of ₹1226 Cr which is less than its category average of ₹ 2179 Cr
Expense Ratio 1.27%

Expense Ratio 1.27%

This fund has an expense ratio of 1.27% which is more than its category average expense ratio of 1.18%

Frequently Asked Questions for Axis Innovation Fund Direct Growth

The current NAV of Axis Innovation Fund Direct Growth is ₹20.13 as on 09-Dec-2024.
Existing (Absolute + CAGR) as on 09-Dec-2024.
Axis Innovation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.5%
3.5%
6 Month Returns
13.79%
13.79%
1 Year Returns
37.59%
37.59%
3 Years Returns
45.98%
13.44%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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1.27% as on November 2024
₹1226 Cr as on November 2024
ICICI Bank Ltd(3.32%), Info Edge (India) Ltd(3.26%), Zomato Ltd(3.25%), Torrent Power Ltd(3.09%), HDFC Bank Ltd(2.88%) as on November 2024
Consumer Cyclical(21.32%), Tech(14.63%), Industrial(13.88%) as on November 2024
The alpha ratio for the Axis Innovation Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis Innovation Fund Direct Growth
11.05
-2.58
-
As on November 2024
The alpha for Axis Innovation Fund Direct Growth is calculated against IISL Nifty 500 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Axis Innovation Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis Innovation Fund Direct Growth
0.73
0.9
-
As on November 2024
The Beta for Axis Innovation Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Axis Innovation Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Axis Innovation Fund Direct Growth
2.29
0.5
-
As on November 2024
The sharpe ratio for Axis Innovation Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Axis Innovation Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Axis Innovation Fund Direct Growth
10.67
13.87
-
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.8 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Ashish Naik is the fund manager of Axis Innovation Fund Direct Growth
The Exit load of Axis Innovation Fund Direct Growth is 1%