Axis Innovation Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 21-11-2024
₹ 18.83
1D
Inception Returns
17.5%
/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
- Axis Innovation Fund Direct Growth has ₹1226 Cr worth of assets under management (AUM) as on Oct 2024 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 17.49% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 31.96% and 10.31% 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 benefitDividends 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
INDmoney Rank for Axis Innovation Fund Direct Growth
Axis Innovation Fund Direct Growth Overview
| 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 | Redeeming 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 |
Trailing Returns
as on (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
- 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
- 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
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 3.32% | 0% | |
 Info Edge (India) Ltd | 3.26% | 0% | |
 Zomato Ltd | 3.25% | 0% | |
 Torrent Power Ltd | 3.09% | 0% | |
 HDFC Bank Ltd | 2.88% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 GE Vernova T&D India Ltd | 7.3% |
 Suven Pharmaceuticals Ltd | 0.2% |
Axis Innovation Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1226 Cr
Expense Ratio 1.27%
Frequently Asked Questions for Axis Innovation Fund Direct Growth
Axis Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.19% | -5.19% |
6 Month Returns | 7.91% | 7.91% |
1 Year Returns | 31.96% | 31.96% |
3 Years Returns | 34.21% | 10.31% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Innovation Fund Direct Growth | 10.81 | -1.96 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Innovation Fund Direct Growth | 0.73 | 0.88 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Innovation Fund Direct Growth | 2.64 | 0.48 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Innovation Fund Direct Growth | 11.13 | 13.89 | - |