Axis Innovation Fund - Regular Plan - Growth Option
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Delivered positive returns in 100% of 3-year investment horizons.
- Generated +6.3% annualized alpha (excess return) over its benchmark.
- Cost-efficient: expense ratio of 2.27% is lower than category median (2.52%).
- Equities carry market risk; returns fluctuate and recommended investment horizon is 5+ years.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +3.72% | +6.32% | -2.60% |
| 3 Months | +3.14% | -0.20% | +3.34% |
| 6 Months | +14.63% | +5.98% | +8.65% |
| 1 Year | +16.14% | +3.90% | +12.24% |
| 3 Years CAGR | +17.90% | +13.23% | +4.67% |
| 5 Years CAGR | +9.78% | +10.72% | -0.94% |
| Since Inception | +14.35% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Axis Innovation Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +15.89% | +4.03% | +11.86% |
| 2025 | +3.20% | +1.43% | +1.77% |
| 2024 | +27.94% | +20.41% | +7.53% |
| 2023 | +23.73% | +30.70% | -6.97% |
| 2022 | -13.27% | +1.66% | -14.93% |
| 2021 | +33.57% | +30.31% | +3.26% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -16.40% | +12.03% | +9.41% | +46.35% | 81.2% | 39.2% |
| 3-Year Rolling | +6.85% | +14.68% | +15.04% | +20.03% | 100.0% | 37.9% |
| 5-Year Rolling | +8.24% | +11.27% | +11.29% | +13.67% | 100.0% | 28.8% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2021-11-17 | 2022-06-17 | -24.3% | 7 months | 18 months |
| 2024-09-23 | 2025-04-07 | -19.8% | 6 months | 15 months |
| 2026-09-23 | 2026-10-23 | -10.4% | 1 months | Not yet recovered |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity & Equity related instruments of Innovation theme - (80%-100%) Other Equity and Equity related instruments - (0%-20%), Debt & Money Market Instruments - (0%-20%),Units issued by InvITs - (0%-10%) | Per Scheme Mandate |
Investment Objective & Strategy
To generate long term capital appreciation by investing in equity & equity related securities of companies that are benefiting from innovative change (innovators, enablers, adaptors) However, there is no assurance that the investment objective of the Scheme will be achieved
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 1,386 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Sectoral / Thematic schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Sectoral / Thematic Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Kotak Manufacture in India Fund | 7.8 | +19.59% | 2.06% | 99.2% | Rs 3,217 cr | Compare → |
| Aditya Birla Sun Life Transportation and Logistics Fund | 7.3 | - | 2.18% | 114.9% | Rs 1,815 cr | Compare → |
| Tata India Pharma & Healthcare Fund | 6.2 | +17.37% | 2.40% | 65.7% | Rs 1,589 cr | Compare → |
| quant Healthcare Fund | 6.0 | +19.66% | 3.00% | 91.5% | Rs 443 cr | Compare → |
| Aditya Birla Sun Life Manufacturing Equity Fund | 6.0 | +19.80% | 2.32% | 100.0% | Rs 1,407 cr | Compare → |
Frequently Asked Questions about Axis Innovation Fund
What is the expense ratio of Axis Innovation Fund?
Axis Innovation Fund has a total expense ratio (TER) of 2.27% with a base expense ratio of 1.83%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages Axis Innovation Fund?
Axis Innovation Fund is managed by Ashish Naik (tenure: 5.9 years since 2020-12-24).
What are the historical returns of Axis Innovation Fund?
Axis Innovation Fund delivered a 3-year CAGR of 17.9% and a 5-year CAGR of 9.78%. Its 1-year return stands at +16.14%.
How large is Axis Innovation Fund?
Axis Innovation Fund manages assets of Rs 1,386 cr, placing it in the 'comfortable' size band relative to Sectoral / Thematic peers.
How is Axis Innovation Fund scored on MFIQ?
Axis Innovation Fund holds an MFIQ Score of 6.4/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Axis Innovation Fund?
Axis Innovation Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 13.77% with a maximum historical drawdown of -24.32%.