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.

₹23.40

▲0.1%1D

NAV as on 27 Aug 2026

16.12%/per year

Since Inception

Absolute Gain%

▲▼

1155 people have invested ₹ 52L in Axis Innovation Fund in the last three months

Axis Innovation Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (27-Aug-26)

The fund has consistently outperformed the benchmark (Nifty 500) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
9.04%
14.26%
22.07%
18.36%
19.51%
13.2%
Nifty 500
1.79%
2.44%
1.56%
4.38%
11.72%
10.64%
Equity - Other Avg
--
--
--
--
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Best in Equity - Other
0.9%
1.97%
--
--
--
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Worst in Equity - Other
0.9%
1.97%
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Axis Innovation Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

12
/36
60% Performance
55% Risk Management
60% Cost

Ranked 12 out of 36 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
12/36
1,257Cr
1.37%
18.36%
19.51%
4.48
0.83
0.70
1.18
0.59
ICICI Prudential India Opportunities Fund
1/36
38,299Cr
0.91%
4.33%
16.75%
4.73
0.80
0.79
1.19
0.90
Aditya Birla Sun Life Special Opportunities Fund Dir
2/36
1,263Cr
0.93%
18.82%
20.79%
6.87
0.96
0.85
1.39
2.04
Sundaram Services Fund
3/36
5,137Cr
0.64%
8.45%
16.51%
6.34
1.00
0.63
0.99
1.21
See all
Positive: Beats FD returns for both 3Y & 5Y
Beats FD returns for both 3Y & 5Y
Negative: 5Y returns in the bottom 25% of the category
5Y 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 (15-Aug-26)

Fund Distribution

as on (15-Aug-26)

Small cap
30.6%
Mid cap
28.5%
Large cap
20.4%
Small Cap allocation has gone down from 33.3% to 30.6%
Small Cap allocation has gone down from 33.3% to 30.6%
Mid Cap allocation has gone up from 27.2% to 28.5%
Mid Cap allocation has gone up from 27.2% to 28.5%
Large Cap allocation has gone down from 20.9% to 20.4%
Large Cap allocation has gone down from 20.9% to 20.4%
Cash allocation has gone up from 2.3% to 3.1%
Cash allocation has gone up from 2.3% to 3.1%

Axis Innovation Fund Sector Allocation

See fund sector allocation details as on (15-Aug-26)

Sector Allocation

Consumer Cyclical
24.8%
Tech
18.5%
Industrial
12.3%
Financial Services
11.7%
Communication
10.9%
Basic Materials
10.2%
Health
9.9%
Utilities
1%
Real Estate
0.7%

Top 3 Sectors in July were Consumer Cyclical, Tech & Government

Jul'26

Consumer Cyclical

30%

Tech

18%

Industrial

14%

Jun'26

Consumer Cyclical

28%

Tech

20%

Government

14%

Axis Innovation Fund Holdings Details

as on (31-Jul-26)

Top Stocks bought last month
PI Industries Ltd's allocation increased from 0.26% to 1.64%
PI Industries Ltd's allocation increased from 0.26% to 1.64%
Siemens Ltd's allocation increased from 1.6% to 2.1%
Siemens Ltd's allocation increased from 1.6% to 2.1%
Wakefit Innovations Ltd's allocation increased from 1.14% to 1.56%
Wakefit Innovations Ltd's allocation increased from 1.14% to 1.56%
Top Stocks sold last month
Eternal Ltd's allocation decreased from 6.53 % to 5.61 %
Eternal Ltd's allocation decreased from 6.53 % to 5.61 %
Billionbrains Garage Ventures Ltd's allocation decreased from 4.09 % to 3.75 %
Billionbrains Garage Ventures Ltd's allocation decreased from 4.09 % to 3.75 %
One97 Communications Ltd's allocation decreased from 3.55 % to 3.5 %
One97 Communications Ltd's allocation decreased from 3.55 % to 3.5 %

Axis Innovation Fund Overview

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

Expense ratio1.37%
Benchmark
Nifty 500 TR INR
AUM₹1257 Cr
Inception Date18 December, 2020
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
72.44%
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 Krishnaa N, Ashish Naik. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Axis Innovation Fund has ₹1257 Cr worth of assets under management (AUM) as on Aug 2026 and is more than category average.
  2. The fund has an expense ratio 1.4.

Returns

Axis Innovation Fund has given a CAGR return of 16.12% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.36%, 19.51% and 13.20% respectively.

Holdings

Axis Innovation Fund has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Tech, Industrial, Basic Materials, Government, Health, Financial Services, Communication, Utilities, Consumer Defensive. Its top holdings are Eternal Ltd, Billionbrains Garage Ventures Ltd, One97 Communications Ltd, FSN E-Commerce Ventures Ltd, Ather Energy 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

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 has no lock in period.

Fund Manager

Krishnaa N

Fund Manager of Axis Innovation Fund, since 1 March 2024

Ashish Naik

Fund Manager of Axis Innovation Fund, since 24 December 2020

Learn more about Axis Mutual Fund
Parameters
Jul'26
Jun'26
May'26
AUM
₹ 1.3K Cr
₹ 1.2K Cr
₹ 1.2K Cr
  • AUM of the fund stands at 1.3K Cr as of Jul'26
  • AUM increased by 58 Cr between Jul'26 and Jun'26

Compare Axis Innovation Fund

Axis Innovation Fund

VS

ICICI Prudential India Opportunities Fund

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 ₹23.40. 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 18.36% in 1 year, 19.51% in 3 years, 13.20% in 5 years.

Who is the fund manager of Axis Innovation Fund?

The fund managers are Krishnaa N, Ashish Naik.

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 1.37%. 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 ₹1257 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 Eternal Ltd(5.61%), Billionbrains Garage Ventures Ltd(3.75%), One97 Communications Ltd(3.5%)