December 26, 2023
mayank
Axis Innovation Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 14.8900
NAV IDCW: Rs 14.8900
Suitable For Which Investors?
This is a fund that invests mainly in companies that adhere to the narrow investment mandate mentioned in its investment objective.
We believe that investors should avoid funds that have a narrowly defined investment focus such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital appreciation by investing in mis-priced stocks facing special situations. The mis-pricing of stocks can occur due to companies facing special situations like regulatory/policy changes, management restructuring, technology led disruption and innovation or any temporary challenges in the operating environment.
Fund Manager:
1) Ashish Naik
Education: Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur.
Experience: 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 Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption Within 365 days |
Basic Details of Axis Innovation Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 24-Dec-20 |
| Return Since Launch | 14.22% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,235 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.78% |
| (As on 30-Nov-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 29.00% |
Axis Innovation Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Special Situations Dir | 24.19 | 0.40 | 4.64 | 7.59 | 11.54 | 23.88 | — | — | — | — |
| S&P BSE 500 TRI | 24.08 | 0.58 | 8.07 | 10.37 | 18.32 | 24.27 | — | — | — | — |
Peer Comparison of Axis Innovation Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Axis Special Situations Dir | Unrated | 23.88 | — | — | 0.78 | 1,235 | 14.22 | 1.00 (365) | 3Y | 29.00 |
| ICICI Pru Ind Opp Dir | Unrated | 35.10 | 36.83 | — | 0.66 | 13,803 | 23.96 | 1.00 (365) | 4Y 11M | 60.00 |
| ICICI Pru Business Cycle Dir | Unrated | 31.87 | — | — | 0.81 | 7,095 | 24.33 | 1.00 (30) | 2Y 11M | 40.00 |
| ICICI Pru Innovation Dir | Unrated | — | — | — | 0.79 | 3,266 | 33.70 | 1.00 (365) | 7M | 64.00 |
| Sundaram Srvices Dir | Unrated | 27.33 | 26.98 | 23.05 | 0.81 | 3,040 | 22.51 | 1.00 (365) | 5Y 3M | 38.00 |
Portfolio Analysis of Axis Innovation Fund
| No. of Stocks | 76 |
| Top 10 Stocks | 37.52% |
| Top 5 Stocks | 23.85% |
| Top 3 Sectors | 53.44% |
| Portfolio P/B Ratio | 6.04 |
| Portfolio P/E Ratio | 40.44 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,66,781 | 1,16,211 |
| Giant (%) | 48.43 | 44.83 |
| Large (%) | 16.46 | 25.26 |
| Mid (%) | 31.01 | 26.02 |
| Small (%) | 4.10 | 12.48 |
| Tiny (%) | — | 1.26 |
Chanakya’s Mutual Fund Guidance For Axis Innovation Fund
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