April 24, 2026
RA Jainee
Axis Innovation Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 20.34 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 17.03 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 1,039 Cr |
| (As on 31-Mar-2026) | |
| Expense | 1.28% |
| 1 Year Return (%) | 11.51 |
| 3 Year Return (%) | 18.85 |
| 5 Year Return (%) | 14.11 |
| 10 Year Return (%) | — |
| Return Since Launch | 14.40% |
⚖️ Sahifund Review – Axis Innovation Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Innovation funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks with a focus on innovation theme for high returns
2. Aiming for long term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
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 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 20% of the investment, 1% will be charged for redemption within 12 months |
Basic Details of Axis Innovation Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 24-Dec-20 |
| Return Since Launch | 14.40% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 1,039 Cr |
| (As on 31-Mar-2026) | |
| Expense | 1.28% |
| (As on 31-Mar-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 72.00% |
Axis Innovation Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Innovation Dir | 0.39 | -0.68 | 12.75 | 6.44 | -0.59 | 11.51 | 18.85 | 14.11 | — | — |
| BSE 500 TRI | -3.71 | -0.23 | 7.76 | -0.11 | -3.15 | 4.81 | 16.41 | 14.62 | — | — |
| Equity: Thematic-Innovation | -2.68 | -0.43 | 12.94 | 4.46 | -4.32 | 7.31 | 18.85 | 14.11 | — | — |
| Rank within category | 4 | 10 | 6 | 5 | 2 | 4 | 1 | 1 | — | — |
| Number of funds in category | 11 | 12 | 12 | 11 | 11 | 10 | 1 | 1 | 0 | 0 |
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 Innovation Dir | Unrated | 11.51 | 18.85 | 14.11 | 1.28 | 1,039 | 14.24 | 1.00 (360) | 5Y 4M | 72.00 |
| ICICI Pru Innovation Dir | Unrated | 5.82 | — | — | 0.76 | 6,799 | 23.73 | 1.00 (30) | 2Y 11M | 127.00 |
| SBI Innovative Opportunities Dir | Unrated | 3.37 | — | — | 0.96 | 4,504 | -4.28 | 1.00 (30) | 1Y 8M | 37.00 |
| Kotak Pioneer Dir | Unrated | 15.38 | 23.75 | 17.72 | 0.54 | 3,083 | 21.57 | 0.50 (90) | 6Y 5M | 13.12 |
| Nippon India Innovation Dir | Unrated | 5.91 | — | — | 0.69 | 2,446 | 14.80 | 1.00 (365) | 2Y 7M | 47.00 |
Axis Innovation Fund Portfolio
| No. of Stocks | 71 |
| Top 10 Stocks | 31.18% |
| Top 5 Stocks | 18.67% |
| Top 3 Sectors | 64.27% |
| Portfolio P/B Ratio | 6.11 |
| Portfolio P/E Ratio | 52.37 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 99,656 | 69,475 |
| Giant (%) | — | — |
| Large (%) | 35.37 | 34.62 |
| Mid (%) | 27.63 | 28.53 |
| Small (%) | 37.01 | 36.85 |
| Tiny (%) | — | — |
Apply Online: https://www.axismf.com/Online/Login OR https://www.axismf.com/mutual-funds
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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