| MAY 2026 | APR 2026 | MAR 2026 | FEB 2026 | JAN 2026 | DEC 2025 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 74 | 74 | 75 | 74 | 75 | 77 |
| Top 5 Company Holdings | 19.24% | 19.47% | 18.67% | 19.23% | 20.86% | 21.01% |
| Top 10 Company Holdings | 31.82% | 31.62% | 31.18% | 31.1% | 32.61% | 32.88% |
| Company with Highest Exposure | Eternal (6.36%) | Eternal (6.22%) | Eternal (5.31%) | Eternal (5.3%) | Eternal (5.76%) | Eternal (5.9%) |
| Number of Sectors | 13 | 13 | 13 | 13 | 13 | 13 |
| Top 3 Sector Holdings | 57.38% | 56.53% | 54.96% | 55.01% | 56.4% | 56.79% |
| Top 5 Sector Holdings | 73.39% | 72.4% | 70.57% | 70.22% | 71.46% | 71.5% |
| Sector with Highest Exposure | Services (33.83%) | Services (33.51%) | Services (33.16%) | Services (33.61%) | Services (35.71%) | Services (37.21%) |
Unrated
Axis Innovation Fund Direct-Growth
NAV as of Jun 11, 2026
19.70-0.66%
(Earn upto 0.88% Extra Returns with Direct Plan)
Investment Growth
Loading...
Axis Innovation Fund Direct-Growth Fund Details
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).
| Fund House | Axis Mutual Fund |
| Launch Date | Dec 24, 2020 |
| Benchmark | NIFTY 500 Total Return Index |
| Return Since Launch | 13.21% |
| Riskometer | Very High |
| Fund Category | Equity: Thematic-Innovation |
| Expense Ratio | 1.31%(1.11% Category average) |
| Fund Size | Rs. 1,166.69 Cr(3.91% of Investment in Category) |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
Axis Innovation Fund Direct-Growth Investment Details
| Minimum Investment (Rs.) | 100.00 |
| Minimum Additional Investment (Rs.) | 100.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | - |
| Exit Load Exit Load for units in excess of 20% of the investment,1% will be charged for redemption within 12 months. | |
Axis Innovation Fund Direct-Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Axis Innovation Fund - Direct Plan as of Jun 11, 2026 is Rs 19.70 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 0.56% (1yr), 14.44% (3yr), 11.73% (5yr) and 13.21% (since launch). Whereas, Category returns for the same time duration are: 2.03% (1yr), 20.78% (3yr) and 0.0% (5yr).
3. Fund Size: The Axis Innovation Fund - Direct Plan currently holds Assets under Management worth of Rs 1166.69 crore as on May 31, 2026.
4. Expense ratio: The expense ratio of the fund is 1.31% for Direct plan as on Jun 11, 2026.
5. Exit Load: Axis Innovation Fund - Direct Plan shall attract an Exit Load, "Exit Load for units in excess of 20% of the investment,1% will be charged for redemption within 12 months."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
1. Current NAV: The Current Net Asset Value of the Axis Innovation Fund - Direct Plan as of Jun 11, 2026 is Rs 19.70 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 0.56% (1yr), 14.44% (3yr), 11.73% (5yr) and 13.21% (since launch). Whereas, Category returns for the same time duration are: 2.03% (1yr), 20.78% (3yr) and 0.0% (5yr).
3. Fund Size: The Axis Innovation Fund - Direct Plan currently holds Assets under Management worth of Rs 1166.69 crore as on May 31, 2026.
4. Expense ratio: The expense ratio of the fund is 1.31% for Direct plan as on Jun 11, 2026.
5. Exit Load: Axis Innovation Fund - Direct Plan shall attract an Exit Load, "Exit Load for units in excess of 20% of the investment,1% will be charged for redemption within 12 months."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Axis Innovation Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -4.14 5.74 -2.28 0.56 14.44 11.73 Category Avg 2.59 10.05 -1.95 2.03 20.78 - Rank within Category 11 8 6 5 2 1 No. of funds within Category 11 11 10 9 1 0
Return Comparison
- BenchmarkS&P BSE Sensex
- Stock, MF & Index
Choose from Benchmarks
- Nifty 50
- NAV:--
- S&P BSE Sensex:--
- 1M
- 3M
- 6M
- 1Y
- 5Y
Loading...
Portfolio Allocation
Asset Allocation
Loading...
Asset Allocation History
Loading...
EquityDebtCash
Sector Allocation
Loading...
Market Cap Allocation
Loading...
Concentration & Valuation Analysis
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Eternal Services 6.36 - - - Billionbrains Garage Ventures Financial 3.85 - - - One97 Communications Services 3.58 - - - GE Vernova T&D Capital Goods 2.75 - - - Lenskart Solutions Consumer Discretionary 2.7 - - - FSN E-Commerce Ventures Services 2.67 - - - PB Fintech Services 2.62 - - - Aether Industries Chemicals 2.51 - - - Ather Energy Automobile 2.48 - - - Info Edge (India) Services 2.3 - - -
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Axis Innovation Fund Direct-Growth 19.70 Unrated 1,166.69 -4.14 0.56 14.44 11.73 SBI Innovative Opportunities Fund Direct-Growth 9.33 Unrated 4,935.25 2.27 -3.26 - - Tata India Innovation Fund Direct-Growth 9.84 Unrated 1,385.82 3.89 1.29 - - Motilal Oswal Innovation Opportunities Fund Direct-Growth 13.45 Unrated 560.90 5.43 11.78 - - HDFC Innovation Fund Direct-Growth 10.53 Unrated 2,679.11 3.13 - - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Low Volatality
14.19VS15.01Fund Vs Category Avg
Beta
Low Volatality
0.83VS0.90Fund Vs Category Avg
Sharpe Ratio
Poor risk-adjusted returns
0.72VS0.92Fund Vs Category Avg
Treynor's Ratio
Poor risk-adjusted returns
12.38VS15.31Fund Vs Category Avg
Jensen's Alpha
Poor risk-adjusted returns
3.64VS6.69Fund Vs Category Avg
Mean Return
Poor average monthly returns
16.13VS19.74Fund Vs Category Avg
Risk Ratio Chart
Loading...
- Risk Ratio
- Category Average
Size of Bubbles represents the Fund Size
Axis Mutual Fund News
- Axis Mutual Fund removes exit load on largecap, flexicap and 1 more scheme; cuts holding period for midcap fund
- Top 4 debt mutual fund managers oversee over Rs 1 lakh crore AUM in March quarter.Check details
- Who are India’s biggest mutual fund managers? Check the top 10 names
- 6 mutual funds had over Rs 10,000 crore cash in their portfolios in April
Fund Manager
No Fund Manager for this fund
More Axis Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Axis Liquid Direct Fund-Growth | 56,167.79 | 0.56 | 1.78 | 3.29 | 6.31 | 7.02 | |
| Axis Midcap Direct Plan-Growth | 32,276.32 | -2.63 | 4.30 | 3.42 | 1.77 | 17.88 | |
| Axis ELSS Tax Saver Direct Plan-Growth | 31,566.11 | -3.70 | -1.50 | -5.41 | -5.19 | 10.27 | |
| Axis Large Cap Fund Direct-Growth | 30,498.17 | -3.17 | -3.50 | -7.53 | -5.82 | 9.28 | |
| Axis Small Cap Fund Direct-Growth | 27,363.97 | -3.11 | 7.11 | 2.91 | -0.20 | 16.06 | |
| Axis Money Market Fund Direct-Growth | 18,185.08 | 0.51 | 1.58 | 2.99 | 6.15 | 7.40 | |
| Axis Large & Mid Cap Fund Direct-Growth | 15,581.51 | -1.61 | 4.36 | 0.27 | 2.29 | 15.79 | |
| Axis Flexi Cap Fund Direct-Growth | 12,545.58 | -2.41 | 1.48 | -1.98 | -2.01 | 13.11 | |
| Axis Banking & PSU Debt Direct Plan-Growth | 12,530.68 | 0.78 | 1.36 | 2.37 | 4.84 | 7.07 | |
| Axis Overnight Fund Direct-Growth | 11,862.94 | 0.44 | 1.31 | 2.59 | 5.37 | 6.24 |
Mutual Fund Tools
Top AMCs
Fund For AMC data not available for this fund
FAQs about Axis Innovation Fund Direct-Growth
- Is it safe to invest in Axis Innovation Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Innovation Fund - Direct Plan comes under Very High risk category.
- What is the category of Axis Innovation Fund - Direct Plan?Axis Innovation Fund - Direct Plan belongs to the Equity : Thematic-Innovation category of funds.
- How Long should I Invest in Axis Innovation Fund - Direct Plan?The suggested investment horizon of investing into Axis Innovation Fund - Direct Plan is null. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Axis Innovation Fund - Direct Plan?The Axis Innovation Fund - Direct Plan is managed by Ashish Naik (Since Dec 04, 2020).
About Axis Innovation Fund Direct-Growth
1. Axis Innovation Fund - Direct Plan is Open-ended Thematic-Innovation Equity scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Dec 24, 2020.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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). "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 97.56% in equities, 3.55% in debts and -1.11% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 31.82% of the assets, the top 3 sectors constitute around 57.38% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Axis Innovation Fund Direct-Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Axis Innovation Fund - Direct Plan is Open-ended Thematic-Innovation Equity scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Dec 24, 2020.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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). "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 97.56% in equities, 3.55% in debts and -1.11% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 31.82% of the assets, the top 3 sectors constitute around 57.38% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Axis Innovation Fund Direct-Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.