Axis Innovation Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The Axis Innovation Fund Direct-Growth is a 4 yrs 9 m old fund and has delivered average annual returns of 15.42% since inception. Axis Innovation Fund Direct-Growth Returns 1-Year 3-Year Since Inception -1.98% 18.07% 15.42%

Previously called: Axis Special Situations Direct-G

NAV as of Sep 26, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹19.85-1.59% 1 day change	15.42% p.a.	App exclusive #NA View Ranked Funds	₹1,171 Cr

Historical NAV & returns

NAV: ₹19.85 as on Sep 26, 2025

This fund Category average

Axis Innovation Fund overview

Expense ratio	1.31% as on Aug 31, 2025
Exit load	1.0% Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.!
AUM (Fund size)	₹1,171 Cr
Lock-in Period	Nil
Age	4 yrs 9 m since Dec 04, 2020
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹100 & Lumpsum: ₹500
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Axis Innovation Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Sep 30, 2025

Period	This fund	Category average
1 Month	1.28%	0.57%
3 Months	0.0%	0.6%
6 Months	12.91%	13.15%
1 Year	-1.98%	-3.66%
2 Years	19.85%	20.54%
3 Years	18.07%	18.98%
4 Years	10.78%	14.25%

View returns in detail

Asset allocationas on Aug 31, 2025

Large Cap 56.21%

Mid Cap 19.12%

Small Cap 23.24%

Other Cap 0%

Top holdings

ICICI Bank Ltd.3.76%

HDFC Bank Ltd.3.71%

Eternal Ltd.2.85%

Pidilite Industries Ltd.2.39%

Top sectors

Services 20.82%

Financial 13.68%

Capital Goods 11.81%

Automobile 10.260000000000002%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 1.61%

Reserve Bank of India 0.43%

Allocation by Instruments

Foreign - Equity 14.663765170000001%

ADS/ADR 2.08234624%

CBLO 1.6073972%

Index Derivatives 0.54951049%

Other Holdings

Bifurcation by Holding is not available for this fund

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis Innovation Fund	1.28%	12.91%	-1.98%	18.07%	N.A.	N.A.
ICICI Prudential Manufacturing Fund	0.58%	13.76%	-2.69%	27.58%	30.04%	14.25%
ICICI Prudential Exports and Services Fund	0.05%	6.22%	-2.35%	20.89%	24.85%	13.84%
Sundaram Services Fund	0.06%	11.55%	1.21%	19.27%	25.83%	14.07%
ICICI Prudential Commodities Fund	1.31%	11.13%	-0.32%	21.5%	33.22%	16.55%
UTI Transportation and Logistics Fund	3.27%	26.79%	2.1%	25.81%	28.29%	14.26%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Innovation Fund	12.06	0.79	0.74	0.98
ICICI Prudential Manufacturing Fund	16.26	1.13	1.09	1.58
ICICI Prudential Exports and Services Fund	11.25	0.8	1.16	2.49
Sundaram Services Fund	12.58	0.87	0.89	1.57
ICICI Prudential Commodities Fund	15.05	0.98	0.87	1.4
UTI Transportation and Logistics Fund	16.11	1.03	0.95	1.32

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Axis Innovation Fund	N.A.	1,171 Cr	4 yrs 9 m	1.31%
ICICI Prudential Manufacturing Fund	N.A.	6,490 Cr	7 yrs	0.73%
ICICI Prudential Exports and Services Fund	N.A.	1,369 Cr	12 yrs 8 m	1.69%
Sundaram Services Fund	N.A.	4,333 Cr	7 yrs 1 m	0.74%
ICICI Prudential Commodities Fund	N.A.	2,919 Cr	6 yrs	0.99%
UTI Transportation and Logistics Fund	N.A.	3,741 Cr	12 yrs 8 m	0.83%

View all Thematic funds

Key risk & return ratios Compared to other funds in the category

Alpha	2.56 vs. 2.36 Higher outperformance against benchmark
Sharpe	0.74 vs. 1.71 Poor risk-adjusted returns
Beta	0.79 vs. 0.28 More sensitive to market's ups & downs
Standard deviation	12.06 vs. 4.03 More volatile performance

Compare Axis Innovation Fund in detail with

About this fund

About Axis Innovation Fund

Axis Innovation Fund Direct-Growth is a Thematic mutual fund scheme from Axis Mutual Fund. This fund has been in existence for 4 yrs 9 m, having been launched on 04/12/2020. Axis Innovation Fund Direct-Growth has ₹1,171 Crores worth of assets under management (AUM) as on 31/08/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Axis Innovation Fund Direct-Growth as of 26/09/2025 is ₹19.85. The fund has an expense ratio of 1.31%, which is higher than what most other Thematic funds charge.

Axis Innovation Fund Direct-Growth returns of last 1-year are -2.70%. Since launch, it has delivered 15.50% average annual returns. The fund has doubled the money invested in it every 5 yrs.
Axis Innovation Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund has the majority of its money invested in Services, Financial, Capital Goods, Automobile, Healthcare sectors. It has taken less exposure in Services, Financial sectors compared to other funds in the category.
The fund's top 5 holdings are in ICICI Bank Ltd., HDFC Bank Ltd., Eternal Ltd., Pidilite Industries Ltd., Reliance Industries Ltd..

...

Fund AUM	1,171 Cr as on Aug 31, 2025
Scheme document	View Scheme Document

Fund managers

Ashish Naik

Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur. Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.

Investment objective

The Scheme seeks to generate long term capital appreciation by investing in equity & equity related securities of companies that are benefiting from innovative change (innovators, enablers, adaptors).

Axis Mutual Fund details

No. of schemes	69 view all schemes
Total AUM	3,37,399 Cr as on Jun 30, 2025
Address	23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai, 400013
Phone	022-24255161

More funds from Axis Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Axis Small Cap Fund	N.A.	25,569 Cr	-3.95%	27.36%
Axis Large & Mid Cap Fund	N.A.	14,711 Cr	-2.75%	22.84%
Axis Midcap Fund	N.A.	31,056 Cr	-3.4%	22.76%
Axis Nifty 100 Index Fund	N.A.	1,903 Cr	-4.92%	18.34%
Axis Flexi Cap Fund	N.A.	12,796 Cr	-2.73%	18.13%
Axis Global Equity Alpha FoF	N.A.	1,045 Cr	26.12%	17.32%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Axis Innovation Fund Direct-Growth?

The current Net Asset Value (NAV) of the Axis Innovation Fund - Direct Growth plan is approximately ₹19.85 as of Sep 26, 2025.

What are the returns of this mutual fund scheme?

The Axis Innovation Fund Direct-Growth is a 4 yrs 9 m old fund and has delivered average annual returns of 15.42% since inception.

Axis Innovation Fund Direct-Growth Returns

1-Year	3-Year	Since Inception
-1.98%	18.07%	15.42%

How much does this mutual fund charge as expense ratio?

The Axis Innovation Fund - Direct Growth has an expense ratio of 1.31%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Axis Innovation Fund currently has assets under management (AUM) or fund size valued at approximately 1,171 Cr as on Aug 31, 2025.

What are the top stock holdings of Axis Innovation Fund?

The Axis Innovation Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
ICICI Bank Ltd.	3.76%
HDFC Bank Ltd.	3.71%
Eternal Ltd.	2.85%
Pidilite Industries Ltd.	2.39%
Reliance Industries Ltd.	2.24%
Linde India Ltd.	2.19%
India Shelter Finance Corporation Ltd.	2.08%
Hyundai Motor India Ltd.	2.04%
Mahindra & Mahindra Ltd.	1.92%
Info Edge (India) Ltd.	1.9%

What are the top sectors Axis Innovation Fund has invested in?

The Axis Innovation Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Services	20.82%
Financial	13.68%
Capital Goods	11.81%
Automobile	10.260000000000002%
Healthcare	9.0%
Chemicals	8.92%
Energy	7.78%
Technology	7.44%
Communication	2.8000000000000003%
Metals & Mining	2.35%

What is risk level of Axis Innovation Fund?

This is a Thematic fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Axis Innovation Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Axis Innovation Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Axis Innovation Fund is complete.

How can I redeem my investments in Axis Innovation Fund?

Redeeming your investments in the Axis Innovation Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Thematic

#NA

Return Outperformance: This fund has generated highest return amongst Thematic funds in the last 2 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.