Axis Innovation Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 06-09-2024
₹ 19.35
1D
Inception Returns
19.4%
/yr
About the Fund
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 ₹1277 Cr worth of assets under management (AUM) as on Jul 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 19.43% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 36.36% and 13.86% respectively.
Holdings
Axis Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Tech, Consumer Cyclical, Financial Services, Basic Materials, Health, Communication, Utilities, Consumer Defensive, Energy. Its top holdings are Info Edge (India) Ltd, Zomato Ltd, Torrent Power Ltd, ICICI Bank Ltd, Linde 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 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
Annualised
▲
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425 people have invested ₹ 17.7L in Axis Innovation Fund Direct Growth in the last three months
INDmoney Rank
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3Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 1.29% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹1277 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 (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
33.8%
Mid cap
30%
Small cap
13.9%
Sector Allocation
Industrial
16.8%
Tech
15.6%
Consumer Cyclical
15.5%
Financial Services
15.1%
Basic Materials
9.7%
Health
8.5%
Communication
8.1%
Utilities
4.6%
Consumer Defensive
3.2%
Energy
2.8%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 2.59% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund underperformed Nifty 500 by 0.95% in Jul'24
- AUM of the fund stands at 1.3K Cr as of Jul'24
- AUM increased by 6.3 Cr between Jul'24 and Jun'24
Top Stocks bought last month
Granules India Ltd's allocation increased from 0.33% to 1.03%
Suven Pharmaceuticals Ltd's allocation increased from 1.03% to 1.54%
Zomato Ltd's allocation increased from 3.07% to 3.32%
Top Stocks sold last month
Info Edge (India) Ltd's allocation decreased from 3.9 % to 3.5 %
ICICI Bank Ltd's allocation decreased from 4.63 % to 3 %
Linde India Ltd's allocation decreased from 3.19 % to 2.84 %
Mid Cap allocation has gone down from 32.1% to 30.2%
Large Cap allocation has gone down from 52.2% to 35.1%
Cash allocation has gone up from 1.5% to 1.7%
Top 3 Sectors in July were Financial Services, Tech & Industrial
Jul'24
Industrial
17%
Tech
16%
Consumer Cyclical
16%
Jun'24
Financial Services
17%
Tech
17%
Industrial
16%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Trent Ltd | 37.3% |
PB Fintech Ltd | 19.9% |
 Info Edge (India) Ltd | 9.9% |
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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
₹2.31L Cr
as on 31-Jul-2024
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 19.43% since inception which is less than its category average return of 23.82%
Fund Allocations
This fund has an allocation of 98.3% in Equity, 0% in Debt and 1.7% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 2265 Cr
Expense Ratio 1.29%
This fund has an expense ratio of 1.29% which is more than its category average expense ratio of 1.18%
Frequently Asked Questions
The current NAV of Axis Innovation Fund Direct Growth is ₹19.35 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
Axis Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.09% | 6.09% |
6 Month Returns | 22.7% | 22.7% |
1 Year Returns | 36.36% | 36.36% |
3 Years Returns | 47.6% | 13.86% |
5 Years Returns | 0% | 0% |
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.
1.29% as on August 2024
₹1277 Cr as on August 2024
Info Edge (India) Ltd(3.5%), Zomato Ltd(3.32%), Torrent Power Ltd(3.31%), ICICI Bank Ltd(3%), Linde India Ltd(2.84%) as on August 2024
Industrial(16.5%), Tech(15.36%), Consumer Cyclical(15.25%) as on August 2024
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 | 6.6 | -2.13 | - |
As on August 2024
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 | 0.71 | 0.88 | - |
As on August 2024
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 | 2.71 | 0.67 | - |
As on August 2024
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 | 9.99 | 13.36 | - |
As on August 2024
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 1.12 as on August 2024. 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%