NAV
17.14(-0.29%)Fund Size (CR)
₹1,039.28Expense Ratio
1.28Scheme Type
Active FundValue Research
-
Min. investment
₹100Minimum Additional Investment
₹100Minimum SIP Investment
₹100Minimum Withdrawal
₹1Exit Load
0%Return Since Launch
14.35%
Basic Details
Scheme Manager
Ashish Naik
Bench Mark
Nifty 500 TRI
Type
OPEN
Lumpsum Returns
| Period Invested For | ₹10,000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg | Rank within Category |
|---|---|---|---|---|---|---|
| 1 Week | April 27, 2026 | 10052.61 | 0.53% | - | 0.41% | 378/1007 |
| 1 Month | April 2, 2026 | 11272.09 | 12.72% | - | 9.98% | 169/1007 |
| 3 Month | February 4, 2026 | 10480.48 | 4.80% | - | 0.70% | 247/976 |
| 6 Month | November 4, 2025 | 10068.05 | 0.68% | - | -1.08% | 325/936 |
| 1 Year | May 2, 2025 | 11277.91 | 12.78% | 12.78% | 8.57% | 227/864 |
| 3 Year | May 4, 2023 | 16483.05 | 64.83% | 18.11% | 18.62% | 267/522 |
| 5 Year | May 4, 2021 | 19287.03 | 92.87% | 14.03% | 15.91% | 256/434 |
| Since Inception | December 24, 2020 | 20521.40 | 105.21% | 14.35% | 10.64% | 389/1007 |
Note: Lumpsum Returns since Inception Date.
SIP Returns
| Period Invested For | ₹10,000 Invested on | Investments | Latest Value | Absolute Returns | Annualised Returns |
|---|---|---|---|---|---|
| 1 Year | June 2, 2025 | 1,20,000 | 139031.99 | 15.86% | 15.86% |
| 3 Year | June 1, 2023 | 3,60,000 | 441774.92 | 22.72% | 7.06% |
| 5 Year | June 1, 2021 | 6,00,000 | 839919.57 | 39.99% | 6.96% |
| 10 Year | - | - | - | - | - |
Note: SIP Returns since Inception Date.
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
Mutual Funds Calculator
Monthly Investment (₹)
Expected Returns Rate (%)
Time Period (in Years)
Invested Amount
₹25,000
Estimated Returns
₹19,059
76%
Returns
Future value of your investment
₹44,059
Risk Ratios
3.65%
Standard Deviation
0.78%
Beta
0.59%
Sharpe Ratio
-0.01%
Treynor's Ratio
2.42%
Jension's Alpha
Asset Allocation
Sector Allocation
Top 10 stock holding in portfolio
| Stock Invested in | % of Total Holdings | Quantity | Value (Cr) | Asset Type | Segment |
|---|---|---|---|---|---|
| Eternal | 5.31% | 2411497 | 55.22 | Equity | E-Commerce/App based Aggregator |
| Billionbrains | 4.22% | 2919884 | 43.83 | Equity | Stock/ Commodity Brokers |
| One 97 | 3.44% | 372988 | 35.77 | Equity | E-Commerce/App based Aggregator |
| Lenskart Solut. | 2.89% | 602400 | 30.08 | Equity | FMCG |
| Aether Industri. | 2.81% | 266629 | 29.18 | Equity | Chemicals |
| FSN E-Commerce | 2.69% | 1188996 | 27.94 | Equity | E-Commerce/App based Aggregator |
| Info Edg.(India) | 2.51% | 269492 | 26.08 | Equity | E-Commerce/App based Aggregator |
| PB Fintech. | 2.47% | 179555 | 25.64 | Equity | IT - Software |
| Affle 3i | 2.44% | 175000 | 25.36 | Equity | IT - Software |
| Blackbuck | 2.40% | 432066 | 24.93 | Equity | Logistics |
Peer Comparison
| Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| AXIS Innovation Fund - Direct (IDCW) | 1039.28 | 12.72% | 4.80% | 0.68% | 12.78% | 18.11% | |
| Nippon India Taiwan Equity Fund - Direct (G) | 599.16 | 39.78% | 79.46% | 107.40% | 227.32% | 67.34% | |
| Nippon India Taiwan Equity Fund - Direct (IDCW) | 599.16 | 39.78% | 79.46% | 107.40% | 227.32% | 67.34% | |
| Franklin Asian Equity Fund - Direct (G) | 399.54 | 16.54% | 9.58% | 18.95% | 47.54% | 19.39% | |
| Franklin Asian Equity Fund - Direct (IDCW) | 399.54 | 16.54% | 9.57% | 18.95% | 47.53% | 19.38% | |
| Aditya Birla SL International Equity Fund - Direct (IDCW) | 290.87 | 11.26% | 9.74% | 14.84% | 37.99% | 20.55% |
List of Schemes under Axis Mutual Fund
News
Axis MF halts fresh inflows in 3 global funds over overseas limits
Axis Mutual Fund has temporarily suspended fresh subscriptions in three of its international schemes, citing limits on overseas investments.In a notice dated 4 May 2026, Axis Asset Management Company said that lump sum investments, switch-ins and fresh registrations of systematic transactions in Axis Global Equity Alpha Fund of Fund, Axis Global Innovation Fund of Fund and Axis Greater China Equity Fund of Fund will be suspended with effect from 6 May 2026. Applications will not be accepted after 3:00 pm on 5 May 2026.
The fund house clarified that redemptions, switch-outs and existing systematic transactions will continue. The suspension is temporary and will remain in force until further notice.
The move is intended to avoid exhaustion of the available limits for overseas investments under prevailing regulatory norms. Under the framework outlined by the Securities and Exchange Board of India, the mutual fund industry's total overseas investment is capped at $7 billion, with a separate $1 billion limit for overseas exchange-traded funds.
Separately, Ashish Gupta has ceased to be a key personnel of Axis Asset Management Company with effect from the close of business hours on 30 April 2026.
Powered by Capital Market - Live News
Temporary Suspension of subscription to units in Axis Global Equity Alpha Fund of Fund
Axis mutual fund has announced Temporary Suspension of subscription to units in Axis Global Equity Alpha Fund of Fund, Axis Global Innovation Fund of Fund and Axis Greater China Equity Fund of Fund ('the Scheme(s)'): temporarily suspend acceptance of lumpsum subscription, switch-ins and fresh registration of Systematic Transactions into the Scheme(s) of the Fund with effect from May 06, 2026.Powered by Capital Market - Live News
Axis Nifty AAA Bond Plus SDL Apr 2026 50:50 ETF Merger into Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund
Axis Mutual Fund has approved the merger of Axis Nifty AAA Bond Plus SDL Apr 2026 50:50 ETF Merger into Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund, with effect from 30 April 2026.Powered by Capital Market - Live News
Fund House Details & Investment Objective
Date of Incorporation
December 4, 2020
Total AUM (Cr)
₹1039.28
AXIS Innovation Fund - Direct (IDCW) is an Sectoral / Thematic-oriented fund from the renowned AMC, Axis Mutual Fund. Launched in December 4, 2020, this fund is managed by Ashish Naik. With assets under management (AUM) worth ₹1,039.28 (Cr), as of May 5, 2026, AXIS Innovation Fund - Direct (IDCW) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 14.35% since its launch.
The current NAV of AXIS Innovation Fund - Direct (IDCW) is ₹17.14, as on May 5, 2026. The fund's benchmark index is Nifty 500 TRI. You can invest in AXIS Innovation Fund - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹100.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
The fund has generated 18.11% and 14.03% CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 82.62% in Equity, 2.13% in Debt and 15.27% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 18.19% in Retailing, 15.54% in Others, 8.50% in Chemicals & Petrochemical, 6.89% in Financial Technology (Fin, 4.95% in Pharmaceuticals & Biotech
Mutual Fund Categories
Types of Mutual Funds
Debt Funds
Access debt markets and enjoy interest income from bonds and debentures. Ideal for conservative short-term investors
Hybrid Funds
Enjoy best of both the worlds - equity and debt. Ideal for beginners with medium-term investment horizon
Equity Funds
Invest in large, mid, and small cap sector stocks to enjoy capital appreciation. Ideal for aggressive, long-term investors