Axis Innovation Fund Direct Growth
NAV as on 17-04-2025
₹ 17.73
▲0.9%
1D
Inception Returns
14.1%
/yr
Historical NAV & Returns
Absolute
▲
▼
786 people have invested ₹ 17.5L in Axis Innovation Fund Direct Growth in the last three months
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 ₹1091 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 14.15% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 6.94% and 11.53% 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, Torrent Power 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.
Axis Innovation Fund Direct Growth Overview
| Expense ratio | 1.32% |
Benchmark | Nifty 500 TR INR |
| AUM | ₹1091 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 |
INDmoney Rank for Axis Innovation Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Hold on while we find any good points for this fund.
3Y returns in the bottom 25% of the category
Trailing Returns
as on (17-Apr-25)
Fund Distribution
as on (31-Mar-25)
Large cap
43.3%
Small cap
18%
Mid cap
17.9%
Sector Allocation
Consumer Cyclical
19.8%
Financial Services
17.3%
Tech
14.4%
Industrial
13.6%
Communication
9.2%
Basic Materials
8.8%
Health
8.1%
Utilities
3.8%
Energy
2.8%
Consumer Defensive
2.1%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 2.39% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund underperformed Nifty 500 by 4.86% in Mar'25
- AUM of the fund stands at 1.1K Cr as of Mar'25
- AUM increased by 20.1 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Bharti Airtel Ltd's allocation increased from 0.73% to 1.55%
Reliance Industries Ltd's allocation increased from 2.03% to 2.7%
ICICI Bank Ltd's allocation increased from 3.54% to 3.89%
Top Stocks sold last month
Dixon Technologies (India) Ltd's allocation decreased from 2.41 % to 2.23 %
Aether Industries Ltd's allocation decreased from 2.17 % to 2.07 %
Hyundai Motor India Ltd's allocation decreased from 2.02 % to 1.96 %
Small Cap allocation has gone up from 17.4% to 18%
Mid Cap allocation has gone up from 17.2% to 17.9%
Large Cap allocation has gone up from 40.3% to 43.3%
Cash allocation has gone down from 5.6% to 3.7%
Top 3 Sectors in March were Consumer Cyclical, Financial Services & Tech
Mar'25
Consumer Cyclical
20%
Financial Services
17%
Tech
14%
Feb'25
Consumer Cyclical
21%
Financial Services
17%
Tech
16%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 3.89% | 0% | |
 HDFC Bank Ltd | 3.82% | 0% | |
 Reliance Industries Ltd | 2.7% | 27.5% | |
 Eternal Ltd | 2.67% | 0% | |
 Torrent Power Ltd | 2.43% | 0% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Axis Innovation Fund Direct Growth | 6.94% | 11.53% | - | 14.15% |
 Sundaram Services Direct Growth | 16.56% | 17.34% | 28.94% | 21.12% |
 ICICI Prudential India Opportunities Fund Direct Growth | 14.33% | 23.45% | 34.46% | 22.9% |
ICICI Prudential Business Cycle Fund Direct Growth | 10.97% | 21.34% | - | 22.75% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Torrent Power Ltd | 10.5% |
 ICICI Bank Ltd | 7.1% |
Loading...
We are taking more time than usual
Ashish Naik
Fund Manager of Axis Innovation Fund Direct Growth, since 24 December 2020
Top funds managed
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.08L Cr
as on 31-Mar-2025
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
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 14.15% since inception which is more than its category average return of 9.29%
Fund Allocations
This fund has an allocation of 96.35% in Equity, 0% in Debt and 3.65% in Cash related instruments
AUM size ₹1091 Cr
This fund has AUM of ₹1091 Cr which is less than its category average of ₹ 2172 Cr
Expense Ratio 1.32%
This fund has an expense ratio of 1.32% which is less than its category average expense ratio of 1.35%
Most Popular Comparisons
- Compare
Axis Innovation FundVs
ICICI Prudential India Opportunities Fund Direct Growth
- Compare
- Axis Innovation FundVs
- ICICI Prudential Business Cycle Fund Direct Growth
- Compare
- Axis Innovation FundVs
Nippon India Power & Infra Fund Direct Growth
- Compare
- Axis Innovation FundVs
- ICICI Prudential Manufacturing Fund Direct Growth
- Compare
- Axis Innovation FundVs
SBI PSU Fund Direct Growth
More funds from Axis
3Y CAGR
▲ 21.07
3Y CAGR
▲ 20.79
3Y CAGR
▲ 20.46
5Y CAGR
▲ 31.36
3Y CAGR
▲ 16.84
Frequently Asked Questions for Axis Innovation Fund Direct Growth
The current NAV of Axis Innovation Fund Direct Growth is ₹17.73 as on 17-Apr-2025.
Existing (Absolute + CAGR) as on 17-Apr-2025.
Axis Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.32% | 3.32% |
6 Month Returns | -11.66% | -11.66% |
1 Year Returns | 6.94% | 6.94% |
3 Years Returns | 38.73% | 11.53% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
1.32% as on March 2025
₹1091 Cr as on March 2025
ICICI Bank Ltd(3.89%), HDFC Bank Ltd(3.82%), Reliance Industries Ltd(2.7%), Eternal Ltd(2.67%), Torrent Power Ltd(2.43%) as on March 2025
Consumer Cyclical(19.05%), Financial Services(16.72%), Tech(13.89%) as on March 2025
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 | 1.11 | -1.7 | - |
As on March 2025
The alpha for Axis Innovation Fund Direct Growth is calculated against 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 | 0.83 | 0.86 | - |
As on March 2025
The Beta for Axis Innovation Fund Direct Growth is calculated with 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 | 0.11 | 0.35 | - |
As on March 2025
The sharpe ratio for Axis Innovation Fund Direct Growth is calculated with 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 | 15.1 | 14.37 | - |
As on March 2025
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 0.53 as on March 2025. 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%