Equity
Direct
Equity - Other
NAV as on 09-12-2024
₹ 20.13
Inception Returns
19.2%
/yr
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.
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.
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
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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 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.
Expense ratio | 1.27% |
Benchmark | IISL Nifty 500 TR INR |
AUM | ₹1226 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 |
as on (09-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Consumer Cyclical, Industrial & Tech
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% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Innovation Fund Direct Growth | 11.05 | -2.58 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Innovation Fund Direct Growth | 0.73 | 0.9 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Innovation Fund Direct Growth | 2.29 | 0.5 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Innovation Fund Direct Growth | 10.67 | 13.87 | - |