Axis Innovation Fund Direct-Growth

Q: What are the returns of Axis Innovation Fund?

The Axis Innovation Fund is a 4 yrs 6 m old fund and has delivered average annual returns of 16.07% since inception. Axis Innovation Fund Returns 1-Year 3-Year Since Inception 10.75% 18.18% 16.07%

Previously called: Axis Special Situations Direct-G

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹19.46+0.52% 1 day change	16.07% p.a.	#NA View Ranked Funds	₹1,091 Crs

Historical NAV & returns

NAV: ₹19.46 as on Jun 05, 2025

This fund Category average

Axis Innovation Fund overview

Expense ratio	1.28% as on May 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)	₹1,091 Crs
Lock-in	No Lockin
Age	4 yrs 6 m since Dec 04, 2020
Benchmark	NIFTY 500 TRI
Min. investment	SIP ₹100 & Lump. ₹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, pay tax of 12.5% on returns of ₹1.25 lakh+ in a financial year

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 Jun 06, 2025

Period	This fund	Category average
1 Month	6.73%	7.24%
3 Months	10.95%	12.96%
6 Months	-3.78%	-3.03%
1 Year	10.75%	7.25%
2 Years	21.75%	25.49%
3 Years	18.18%	20.8%
4 Years	14.59%	16.95%

View returns in detail

Asset allocationas on Mar 31, 2025

Large Cap 59.341965%

Mid Cap 18.316135%

Small Cap 18.691899999999997%

Other Cap 0.0%

Top holdings

ICICI Bank Ltd.3.89%

HDFC Bank Ltd.3.82%

Reliance Industries Ltd.2.7%

Eternal Ltd.2.67%

Top sectors

Services 21.459999999999997%

Financial 14.700000000000001%

Capital Goods 12.62%

Automobile 9.120000000000001%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 3.87%

Reserve Bank of India 0.45%

Allocation by Instruments

Foreign - Equity 14.86536176%

CBLO 3.86803769%

ADS/ADR 1.6488079299999998%

Index Derivatives 0.57007778%

Other Holdings

Bifurcation by Holding is not available for this fund

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Axis Innovation Fund	N.A.	₹1,091 Crs	4 yrs 6 m	1.28%
ICICI Prudential Manufacturing Fund	N.A.	₹6,231 Crs	6 yrs 8 m	0.73%
Sundaram Services Fund	N.A.	₹3,998 Crs	6 yrs 9 m	0.75%
ICICI Prudential Commodities Fund	N.A.	₹2,620 Crs	5 yrs 8 m	0.99%
ICICI Prudential Exports and Services Fund	N.A.	₹1,362 Crs	12 yrs 5 m	1.69%
UTI Transportation and Logistics Fund	N.A.	₹3,292 Crs	12 yrs 5 m	0.84%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis Innovation Fund	6.73%	-3.78%	10.75%	18.18%	N.A.	N.A.
ICICI Prudential Manufacturing Fund	8.53%	-0.7%	4.09%	28.93%	31.52%	13.9%
Sundaram Services Fund	4.39%	2.13%	20.32%	22.25%	27.91%	13.99%
ICICI Prudential Commodities Fund	6.24%	-0.88%	1.86%	21.82%	37.15%	15.91%
ICICI Prudential Exports and Services Fund	4.18%	2.52%	15.42%	23.15%	27.01%	15.15%
UTI Transportation and Logistics Fund	4.55%	-0.96%	-1.32%	25.2%	29.06%	13.26%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Innovation Fund	14.02	0.86	0.77	1.05
ICICI Prudential Manufacturing Fund	16.93	1.08	1.17	1.71
Sundaram Services Fund	13.51	0.87	1.05	1.79
ICICI Prudential Commodities Fund	16.79	1.03	0.83	1.27
ICICI Prudential Exports and Services Fund	11.63	0.76	1.28	2.59
UTI Transportation and Logistics Fund	16.46	0.98	1.02	1.45

View all Thematic funds

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

Alpha	0.81 vs. 2.84 Underperformed at beating benchmark
Sharpe	0.77 vs. 1.98 Poor risk-adjusted returns
Beta	0.86 vs. 0.34 More sensitive to market's ups & downs
Standard deviation	14.02 vs. 4.88 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 6 m, having been launched on 04/12/2020. Axis Innovation Fund Direct-Growth has ₹1,091 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Axis Innovation Fund Direct-Growth as of 05/06/2025 is ₹19.46. The fund has an expense ratio of 1.28%, which is higher than what most other Thematic funds charge.

Axis Innovation Fund Direct-Growth returns of last 1-year are 12.75%. Since launch, it has delivered 16.14% average annual returns.
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, Chemicals 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., Reliance Industries Ltd., Eternal Ltd., Torrent Power Ltd..

...

Fund AUM	₹1,091 Crs as on Mar 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	67 view all schemes
Total AUM	₹3,22,861 Crs as on Mar 31, 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 (in Crs.)	1Y	5Y
Axis Small Cap Fund	N.A.	₹22,736 Crs	14.05%	32.37%
Axis Midcap Fund	N.A.	₹28,063 Crs	10.96%	26.26%
Axis Large & Mid Cap Fund	N.A.	₹13,321 Crs	9.53%	25.46%
Axis Nifty 100 Index Fund	N.A.	₹1,715 Crs	7.42%	20.57%
Axis Flexi Cap Fund	N.A.	₹12,040 Crs	11.82%	19.78%
Axis ELSS Tax Saver Fund	N.A.	₹34,176 Crs	9.98%	18.14%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Axis Innovation Fund?

The current Net Asset Value (NAV) of the Axis Innovation Fund - Direct Growth plan is approximately ₹19.46 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The Axis Innovation Fund is a 4 yrs 6 m old fund and has delivered average annual returns of 16.07% since inception.

Axis Innovation Fund Returns

1-Year	3-Year	Since Inception
10.75%	18.18%	16.07%

How much does this mutual fund charge as expense ratio?

The Axis Innovation Fund - Direct Growth has an expense ratio of 1.28%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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 ₹1,091 Crs crore as of Mar 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.	3.89%
HDFC Bank Ltd.	3.82%
Reliance Industries Ltd.	2.7%
Eternal Ltd.	2.67%
Torrent Power Ltd.	2.43%
Pidilite Industries Ltd.	2.4%
Info Edge (India) Ltd.	2.36%
Linde India Ltd.	2.31%
Dixon Technologies (India) Ltd.	2.23%
Siemens Ltd.	2.17%

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	21.459999999999997%
Financial	14.700000000000001%
Capital Goods	12.62%
Automobile	9.120000000000001%
Chemicals	8.459999999999999%
Technology	7.830000000000001%
Healthcare	7.75%
Energy	7.33%
Communication	2.33%
Metals & Mining	2.04%

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?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

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 and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Axis Innovation Fund is complete.

How can I redeem my investments in Axis Innovation Fund?

Redeeming your investments in Axis Innovation Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

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

ET Money rank

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.