Axis Innovation Fund

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

The Axis Innovation Fund is a 5 yrs old fund and has delivered average annual returns of 13.78% since inception. Axis Innovation Fund Returns 1-Year 3-Year Since Inception 2.18% 16.57% 13.78%

Q: How much does this mutual fund charge as expense ratio?

The Axis Innovation Fund has an expense ratio of 2.25% , 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.

Previously called: Axis Special Situations Reg-G

NAV as of Dec 04, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹19.01-0.31% 1 day change	13.78% p.a.	App exclusive #NA View Ranked Funds	₹1,206 Cr

Historical NAV & returns

NAV: ₹19.01 as on Dec 04, 2025

This fund Category average

Axis Innovation Fund overview

AUM (Fund size)	₹1,206 Cr
Exit load	1.0% Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.!
Lock-in Period	Nil
Age	5 yrs since Dec 04, 2020
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹1000 & Lumpsum: ₹1000
Expense ratio	2.25% as on Nov 30, 2025
Plan type	Regular
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 Dec 05, 2025

Period	This fund	Category average
1 Month	-0.31%	0.17%
3 Months	2.24%	0.27%
6 Months	6.14%	3.32%
1 Year	2.18%	-1.1%
2 Years	17.57%	12.22%
3 Years	16.57%	15.66%
4 Years	9.51%	13.37%

View returns in detail

Asset allocationas on Oct 31, 2025

Large Cap 53.22%

Mid Cap 17.88%

Small Cap 27.49%

Other Cap 0%

Top holdings

Info Edge (India) Ltd.3.85%

Eternal Ltd.2.56%

Nifty Bank2.5%

ICICI Bank Ltd.2.34%

Top sectors

Services 20.89%

Capital Goods 13.01%

Financial 12.48%

Automobile 10.31%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 3.14%

Reserve Bank of India 0.82%

Allocation by Instruments

Foreign - Equity 11.848447130000004%

CBLO 3.1420564%

Index Derivatives 2.49963015%

ADS/ADR 1.9423788000000002%

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	-0.31%	6.14%	2.18%	16.57%	N.A.	N.A.
ICICI Prudential Manufacturing Fund	-1.07%	5.97%	4.19%	23.98%	25.99%	13.64%
ICICI Prudential Exports and Services Fund	0.8%	4.98%	7.22%	18.69%	21.64%	13.74%
Sundaram Services Fund	-0.43%	6.02%	8.71%	17.29%	21.7%	13.7%
ICICI Prudential Commodities Fund	-3.44%	7.31%	6.2%	15.34%	25.9%	15.75%
UTI Transportation and Logistics Fund	1.5%	17.8%	15.98%	24.81%	23.43%	13.06%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Innovation Fund	11.53	0.78	0.88	1.18
ICICI Prudential Manufacturing Fund	15.9	1.05	1.05	1.49
ICICI Prudential Exports and Services Fund	11.11	0.81	1.08	2.19
Sundaram Services Fund	12.45	0.88	0.86	1.42
ICICI Prudential Commodities Fund	14.68	0.96	0.69	1.11
UTI Transportation and Logistics Fund	15.88	0.89	1.05	1.34

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Axis Innovation Fund	N.A.	1,206 Cr	5 yrs	2.25%
ICICI Prudential Manufacturing Fund	N.A.	6,715 Cr	7 yrs 2 m	1.82%
ICICI Prudential Exports and Services Fund	N.A.	1,421 Cr	20 yrs 2 m	2.26%
Sundaram Services Fund	N.A.	4,674 Cr	7 yrs 3 m	1.86%
ICICI Prudential Commodities Fund	N.A.	3,189 Cr	6 yrs 2 m	1.98%
UTI Transportation and Logistics Fund	N.A.	4,008 Cr	20 yrs 4 m	1.9%

View all Thematic funds

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

Alpha	3.29 vs. 1.65 Higher outperformance against benchmark
Sharpe	0.88 vs. 2.05 Poor risk-adjusted returns
Beta	0.78 vs. 0.32 More sensitive to market's ups & downs
Standard deviation	11.53 vs. 4.66 More volatile performance

Compare Axis Innovation Fund in detail with

About this fund

About Axis Innovation Fund

Axis Innovation Fund is a Thematic mutual fund scheme from Axis Mutual Fund. This fund has been in existence for 5 yrs, having been launched on 04/12/2020. Axis Innovation Fund has ₹1,206 Crores worth of assets under management (AUM) as on 31/10/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Axis Innovation Fund as of 04/12/2025 is ₹19.01. The fund has an expense ratio of 2.25%, which is higher than what most other Thematic funds charge.

Axis Innovation Fund returns of last 1-year are 0.37%. Since launch, it has delivered 13.86% average annual returns.
Axis Innovation Fund 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 average.
The fund has the majority of its money invested in Services, Capital Goods, Financial, Automobile, Chemicals sectors. It has taken less exposure in Services, Capital Goods sectors compared to other funds in the category.
The fund's top 5 holdings are in Info Edge (India) Ltd., Eternal Ltd., Nifty Bank, ICICI Bank Ltd., Hyundai Motor India Ltd..

...

Fund AUM	1,206 Cr as on Oct 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	70 view all schemes
Total AUM	3,54,362 Cr as on Sep 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.	27,066 Cr	-1.74%	22.71%
Axis US Specific Equity Passive FoF	N.A.	196 Cr	26.18%	N.A.
Axis Midcap Fund	N.A.	32,069 Cr	2.13%	19.07%
Axis Large & Mid Cap Fund	N.A.	15,453 Cr	2.79%	18.75%
Axis Nifty Midcap 50 Index Fund	N.A.	518 Cr	7.75%	N.A.
Axis Global Equity Alpha FoF	N.A.	1,245 Cr	23.02%	15.36%

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 plan is approximately ₹19.01 as of Dec 04, 2025.

What are the returns of this mutual fund scheme?

The Axis Innovation Fund is a 5 yrs old fund and has delivered average annual returns of 13.78% since inception.

Axis Innovation Fund Returns

1-Year	3-Year	Since Inception
2.18%	16.57%	13.78%

How much does this mutual fund charge as expense ratio?

The Axis Innovation Fund has an expense ratio of 2.25%, 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 1,206 Cr as on Oct 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
Info Edge (India) Ltd.	3.85%
Eternal Ltd.	2.56%
Nifty Bank	2.5%
ICICI Bank Ltd.	2.34%
Hyundai Motor India Ltd.	2.21%
Pidilite Industries Ltd.	2.17%
Mahindra & Mahindra Ltd.	2.06%
Linde India Ltd.	2.01%
HDFC Bank Ltd.	1.99%
PTC Industries Ltd.	1.94%

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	20.89%
Capital Goods	13.01%
Financial	12.48%
Automobile	10.31%
Chemicals	8.34%
Energy	7.359999999999999%
Healthcare	6.7299999999999995%
Technology	6.250000000000001%
Metals & Mining	4.95%
Communication	2.42%

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 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 3 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.