Axis Innovation Fund Direct Growth

Axis Innovation Fund Direct Growth

Equity

Equity - Other

NAV as on 28-03-2025

₹ 17.59

▼-1%

1D

Inception Returns

14.1%

/yr

Historical NAV & Returns

Absolute
▲
▼

zero opening, trading, fund transfer fee
826 people have invested ₹ 22.3L 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

  1. Axis Innovation Fund Direct Growth has ₹1071 Cr worth of assets under management (AUM) as on Feb 2025 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 14.13% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.72% and 11.59% respectively.

Holdings

Axis Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Tech, Industrial, Basic Materials, Communication, Health, Utilities, Energy, Consumer Defensive. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Zomato Ltd, Dixon Technologies (India) Ltd, Info Edge (India) 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 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 ratio1.33%
Benchmark
IISL Nifty 500 TR INR
AUM₹1071 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

INDmoney Rank for Axis Innovation Fund Direct Growth

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3Y returns in the bottom 25% of the category

Trailing Returns

as on (28-Mar-25)

Period
Axis Innovation Fund Direct Growth
Nifty 500
equity - other
1M
2.4%
7.3%
-
3M
-9.6%
-4.6%
-
6M
-13.9%
-12%
-
1Y
7.7%
5.4%
-
3Y
11.6%
12.7%
-

Fund Distribution

as on (28-Feb-25)

  • Equity 94.4%

  • Debt & Cash 5.6%

Large cap
40.3%
Small cap
17.4%
Mid cap
17.2%
Sector Allocation

Feb'25

Jan'25

Dec'24

Consumer Cyclical
20.8%
Financial Services
17%
Tech
15.7%
Industrial
12.6%
Basic Materials
9.1%
Communication
8.8%
Health
8.5%
Utilities
3.4%
Energy
2.2%
Consumer Defensive
1.9%
All changes are between Dec'24 and Feb'25
Dec'24
Fund Returns
-0.05%
Nifty 500
-2.02%
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 1.1K Cr
₹ 1.2K Cr
₹ 1.2K Cr
  • AUM of the fund stands at 1.1K Cr as of Feb'25
  • AUM decreased by 86.2 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Reliance Industries Ltd's allocation increased from 1.67% to 2.03%
Reliance Industries Ltd's allocation increased from 1.67% to 2.03%
Suven Pharmaceuticals Ltd's allocation increased from 1.48% to 1.85%
Suven Pharmaceuticals Ltd's allocation increased from 1.48% to 1.85%
HDFC Bank Ltd's allocation increased from 3.35% to 3.69%
HDFC Bank Ltd's allocation increased from 3.35% to 3.69%
Top Stocks sold last month
Info Edge (India) Ltd's allocation decreased from 2.4 % to 2.35 %
Info Edge (India) Ltd's allocation decreased from 2.4 % to 2.35 %
Torrent Power Ltd's allocation decreased from 2.25 % to 2.1 %
Torrent Power Ltd's allocation decreased from 2.25 % to 2.1 %
Siemens Ltd's allocation decreased from 2.36 % to 1.94 %
Siemens Ltd's allocation decreased from 2.36 % to 1.94 %
Large Cap allocation has gone up from 39.6% to 40.3%
Large Cap allocation has gone up from 39.6% to 40.3%
Small Cap allocation has gone down from 17.8% to 17.4%
Small Cap allocation has gone down from 17.8% to 17.4%
Mid Cap allocation has gone down from 18.1% to 17.2%
Mid Cap allocation has gone down from 18.1% to 17.2%
Cash allocation has gone down from 5.8% to 5.6%
Cash allocation has gone down from 5.8% to 5.6%

Top 3 Sectors in February were Consumer Cyclical, Tech & Financial Services

Feb'25
Consumer Cyclical
21%
Financial Services
17%
Tech
16%
Jan'25
Consumer Cyclical
21%
Tech
16%
Financial Services
16%

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
3.69%
0%
ICICI Bank Ltd
ICICI Bank Ltd
3.54%
0%
Zomato Ltd
Zomato Ltd
3%
0%
Dixon Technologies (India) Ltd
Dixon Technologies (India) Ltd
2.41%
0%
Info Edge (India) Ltd
Info Edge (India) Ltd
2.35%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Axis Innovation Fund Direct Growth
Axis Innovation Fund Direct Growth
7.72%
11.59%
-
14.13%
Franklin India Opportunities Fund - Direct - Growth
Franklin India Opportunities Fund - Direct - Growth
16.57%
28.9%
35.33%
17.84%
ICICI Prudential India Opportunities Fund Direct Growth
ICICI Prudential India Opportunities Fund Direct Growth
13.02%
24.84%
38.04%
22.76%
ICICI Prudential Business Cycle Fund Direct Growth
ICICI Prudential Business Cycle Fund Direct Growth
8.1%
22.06%
-
22.6%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
India Shelter Finance Corporation Ltd
India Shelter Finance Corporation Ltd
10%
Bajaj Finance Ltd
Bajaj Finance Ltd
3.7%
Suven Pharmaceuticals Ltd
Suven Pharmaceuticals Ltd
1%
Fund
Feb'25
Jan'25
Dec'24
No of Holdings
104
103
103
Top 5 Company Concentration
15%
14.3%
16.4%
Company having highest exposure
HDFC Bank Ltd (3.7%)
ICICI Bank Ltd (3.4%)
Info Edge (India) Ltd (3.6%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
75.2%
76.2%
75.8%
Sector having highest exposure
Consumer Cyclical (20.8%)
Consumer Cyclical (20.9%)
Consumer Cyclical (21.3%)
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Ashish Naik
Ashish Naik
Fund Manager of Axis Innovation Fund Direct Growth, since 24 December 2020
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Axis Multi Asset Allocation Fund Direct Plan Growth Option
9.49%
--
Axis ELSS Tax Saver Fund Direct Plan Growth Option
11.03%
14.91%
Fund House
Axis Asset Management Company Limited
Total Schemes
73
See all Axis schemes
Total AUM
₹3.22L Cr
as on 28-Feb-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

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 14.13% since inception which is more than its category average return of 8.66%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.41% in Equity, 0% in Debt and 5.59% in Cash related instruments
AUM size ₹1071 Cr

AUM size ₹1071 Cr

This fund has AUM of ₹1071 Cr which is less than its category average of ₹ 2053 Cr
Expense Ratio 1.33%

Expense Ratio 1.33%

This fund has an expense ratio of 1.33% which is more than its category average expense ratio of 1.31%
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More funds from Axis

Axis Value Fund Direct Growth

Axis Value Fund Direct Growth

3Y CAGR

▲ 21.97

Axis Nifty Midcap 50 Index Fund Direct Growth

Axis Nifty Midcap 50 Index Fund Direct Growth

3Y CAGR

▲ 20.84

Axis Multicap Fund Direct Growth

Axis Multicap Fund Direct Growth

3Y CAGR

▲ 20.48

Axis Small Cap Fund Direct Growth

Axis Small Cap Fund Direct Growth

5Y CAGR

▲ 33.32

Axis Nifty Smallcap 50 Index Fund Direct Growth

Axis Nifty Smallcap 50 Index Fund Direct Growth

3Y CAGR

▲ 17.11

Frequently Asked Questions for Axis Innovation Fund Direct Growth

The current NAV of Axis Innovation Fund Direct Growth is ₹17.59 as on 28-Mar-2025.
Existing (Absolute + CAGR) as on 28-Mar-2025.
Axis Innovation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.45%
2.45%
6 Month Returns
-13.9%
-13.9%
1 Year Returns
7.72%
7.72%
3 Years Returns
38.94%
11.59%
5 Years Returns
0%
0%
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1.33% as on March 2025
₹1071 Cr as on March 2025
HDFC Bank Ltd(3.69%), ICICI Bank Ltd(3.54%), Zomato Ltd(3%), Dixon Technologies (India) Ltd(2.41%), Info Edge (India) Ltd(2.35%) as on March 2025
Consumer Cyclical(19.61%), Financial Services(16.01%), Tech(14.87%) 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
9.07
-0.68
-
As on March 2025
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
0.98
0.9
-
As on March 2025
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
0.22
0.38
-
As on March 2025
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
15.4
14.42
-
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 0.57 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%