Axis Innovation Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 29-10-2026

Axis Innovation Fund is a Thematic fund run by Axis Mutual Fund. On 30-09-2026, it managed ₹1,345 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 18.4% a year and its Regular plan returned 17.3% a year. Its benchmark, Nifty 500 TRI, returned 10.4% a year over the same 3 years.

NAV (Direct plan): ₹22.34; ▲ 0.36%29-10-2026
NAV (Regular plan): ₹20.79; ▲ 0.34%29-10-2026
Expense ratio: 1.36%Direct2.29%Regular; 1.36%; A year
Riskometer: Very High; Set by the fund house
3 year return: 18.4%Direct17.3%Regular; 18.4%; A year

Axis Innovation Fund NAV Today

NAV on 29-10-2026: Direct Plan Growth ₹22.34 (up 0.36% that day); Regular Plan Growth ₹20.79 (up 0.34% that day).

This fund (Direct plan)

₹22.34

Axis Innovation Fund Returns vs Nifty 500 TRI

Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−2.74%	+3.52%	+10.00%	+8.24%	+18.43%	+10.45%	--
This fund (Regular)	−2.81%	+3.28%	+9.48%	+7.22%	+17.27%	+9.17%	--
Nifty 500 TRI	−0.68%	−5.86%	−3.43%	−7.58%	+10.42%	+8.86%	+12.55%
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	+13.76%	+11.62%	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	+54.78%	+21.14%	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	−4.46%	+3.65%	--
Rank in Thematic	139/235	9/232	35/232	36/215	31/133	55/96	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

Axis Innovation Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty 500 TRI
2026to date	+10.27%	+9.42%	−7.33%
2025	+4.16%	+3.20%	+7.76%
2024	+29.15%	+27.94%	+16.24%
2023	+25.60%	+23.73%	+26.91%
2022	−11.97%	−13.27%	+4.25%
2021	+35.52%	+33.57%	+31.60%

Axis Innovation Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 708 periods, one for each trading day from 28-12-2023 to 29-10-2026.

0%5%10%15%20%25%

Mar 2021
to
Mar 2024Sept 2021
to
Sept 2024Mar 2022
to
Mar 2025Aug 2022
to
Aug 2025Feb 2023
to
Feb 2026Aug 2023
to
Aug 2026

Axis Innovation Fund (Direct)Nifty 500 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	1,201	10.5%	−14.8%	48.0%	17%	9.0%	44%
2 years	953	12.9%	−1.3%	30.5%	1%	15.5%	51%
3 years	708	16.4%	8.4%	21.3%	0%	16.4%	41%
5 years	210	12.7%	9.3%	15.2%	0%	12.6%	56%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	59	11.1%	−22.4%	51.8%	27%	10.2%	44%
2 years	47	13.6%	−3.3%	39.6%	9%	11.5%	55%
3 years	35	17.3%	5.4%	27.9%	0%	15.6%	66%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 500 TRI over the same days. Past returns do not promise future returns.

Axis Innovation Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Axis Innovation Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+8.24%	−7.34%
Standard deviation	15.22%	14.48%
Sharpe ratio	0.20	-0.87
Sortino ratio	0.28	-1.16
Maximum drawdown	−13.9% (30-03-2026)	−14.7% (30-03-2026)
Beta	0.92	1.00
Alpha	+14.75%	0.00%

From daily NAVs, 29-10-2025 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Axis Innovation Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+18.43%	+10.22%
Standard deviation	13.64%	14.30%
Sharpe ratio	0.91	0.29
Sortino ratio	1.27	0.40
Maximum drawdown	−19.4% (07-04-2025)	−18.6% (28-02-2025)
Beta	0.84	1.00
Alpha	+8.70%	0.00%

From daily NAVs, 27-10-2023 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Axis Innovation Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+10.45%	+8.81%
Standard deviation	14.01%	14.36%
Sharpe ratio	0.33	0.21
Sortino ratio	0.45	0.28
Maximum drawdown	−23.6% (17-06-2022)	−18.6% (28-02-2025)
Beta	0.86	1.00
Alpha	+2.02%	0.00%

From daily NAVs, 29-10-2021 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Axis Innovation Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+14.71%	+12.91%
Standard deviation	13.74%	14.39%
Sharpe ratio	0.68	0.52
Sortino ratio	0.93	0.71
Maximum drawdown	−23.6% (17-06-2022)	−18.6% (28-02-2025)
Beta	0.84	1.00
Alpha	+2.94%	0.00%

From daily NAVs, 28-12-2020 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−25%−20%−15%−10%−5%0%

202120222023202420252026

Axis Innovation Fund (Direct)Nifty 500 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Axis Innovation Fund (Direct)	−23.6%	17-11-2021	17-06-2022	05-09-2023	15 months	−6.2%
Nifty 500 TRI	−18.6%	26-09-2024	28-02-2025	Not yet	--	−8.8%

From the Direct plan's daily NAV since 28-12-2020, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Axis Innovation Fund vs Other Thematic Funds

The five Thematic funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
Axis Innovation Fund	31/133	1,345	1.36%	+8.24%	+18.43%	+8.70%	0.84	0.91	1.27

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Axis Innovation Fund Expense Ratio and Costs

What each plan charges a year, in force from 22-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	1.05%	0.05%	0.00%	0.26%	1.36%	1.18%	162/235
Regular	1.85%	0.05%	0.00%	0.39%	2.29%	2.41%	90/235

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	7.22%	8.24%	1.02%	₹1,07,220	₹1,08,240
3 years	17.27%	18.43%	1.16% a year	₹1,61,273	₹1,66,106
5 years	9.17%	10.45%	1.28% a year	₹1,55,066	₹1,64,372

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Axis Innovation Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 28-12-2020 to 29-10-2026: 71 instalments, ₹7,10,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planAxis Innovation Fund (Direct)	₹7,10,000	₹10,79,611	₹3,69,611	14.1%
Regular planAxis Innovation Fund (Regular)	₹7,10,000	₹10,40,502	₹3,30,502	12.8%
Nifty 500 TRI	₹7,10,000	₹9,22,780	₹2,12,780	8.8%
Category averageCategory average, 235 Thematic funds	₹7,10,000	₹10,43,287	₹3,33,287	12.9%

₹0₹5.0 L₹10.0 L₹15.0 L

202120222023202420252026

Direct planAxis Innovation Fund (Direct)Regular planAxis Innovation Fund (Regular)Nifty 500 TRICategory averageCategory average, 235 Thematic fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Axis Innovation Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

92.0%Equity

Asset	Fund	Category
Equity	92.0%	94.5%
Cash and others	7.6%	4.0%
Debt	0.4%	1.5%

Market cap of stocks

Market cap	Fund	Category
Large Cap	15.4%	45.7%
Mid Cap	26.2%	19.6%
Small Cap	32.6%	24.1%
Foreign stocks	13.4%	2.7%
Not on AMFI's list	4.3%	2.3%

Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Axis Innovation Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Retailing17.6%
Chemicals & Petrochemicals8.3%
Financial Technology (Fintech)6.4%
Pharmaceuticals & Biotechnology5.1%
Auto Components4.8%
Electrical Equipment4.4%
Semiconductors3.8%
Transport Services3.5%
IT - Services3.3%
Industrial Manufacturing3.3%

The ten largest of 36 sectors. The other 26 add up to 31.6%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Retailing	18.9%	19.2%	17.6%	−1.3%
Chemicals & Petrochemicals	7.9%	7.6%	8.3%	+0.4%
Financial Technology (Fintech)	6.9%	7.8%	6.4%	−0.5%
Pharmaceuticals & Biotechnology	4.6%	5.5%	5.1%	+0.5%
Auto Components	4.2%	4.6%	4.8%	+0.6%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

Axis Innovation Fund Portfolio Holdings

As on 30-09-2026 · 78 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
Eternal Limited	Retailing	4.97%	−4.7%
One 97 Communications Limited	Financial Technology (Fintech)	3.63%	−11.2%
Ather Energy Limited	Automobiles	3.18%	0.0%
Lenskart Solutions Limited	Retailing	3.07%	0.0%
FSN E-Commerce Ventures Limited	Retailing	2.83%	0.0%
Aether Industries Limited	Chemicals & Petrochemicals	2.72%	0.0%
Meesho Ltd	Retailing	2.40%	0.0%
Billionbrains Garage Ventures Ltd	Capital Markets	2.32%	−30.1%
Sona BLW Precision Forgings Limited	Auto Components	2.29%	0.0%
PTC Industries Limited	Industrial Products	2.23%	0.0%
Indo-MIM Limited	Industrial Manufacturing	2.11%	0.0%
Affle 3i Limited	IT - Services	1.97%	0.0%
Black Buck Ltd	Transport Services	1.95%	0.0%
Siemens Limited	Electrical Equipment	1.94%	0.0%
Neogen Chemicals Limited	Chemicals & Petrochemicals	1.90%	+42.8%
Sai Life Sciences Limited	Pharmaceuticals & Biotechnology	1.87%	−8.4%
Capillary Technologies India Limited	IT - Software	1.74%	0.0%
Divi's Laboratories Limited	Pharmaceuticals & Biotechnology	1.72%	−22.5%
Wakefit Innovations Limited	Consumer Durables	1.68%	0.0%
PI Industries Limited	Fertilizers & Agrochemicals	1.66%	+6.8%
Bajaj Finserv Limited	Finance	1.60%	0.0%
Urban Company Ltd.	Retailing	1.60%	0.0%
Pidilite Industries Limited	Chemicals & Petrochemicals	1.55%	0.0%
Jain Resource Recycling Limited	Diversified Metals	1.53%	0.0%
Nvidia Corp Com	Semiconductors	1.50%	0.0%
Info Edge (India) Limited	Retailing	1.43%	−41.3%
Delhivery Limited	Transport Services	1.42%	+3.4%
PB Fintech Limited	Financial Technology (Fintech)	1.42%	0.0%
GE Vernova T&D India Limited	Electrical Equipment	1.38%	0.0%
Linde India Limited	Chemicals & Petrochemicals	1.37%	0.0%
Kusumgar Limited	Textiles & Apparels	1.35%	0.0%
Bharat Electronics Limited	Aerospace & Defense	1.34%	0.0%
Sagility Limited	IT - Services	1.33%	0.0%
Swiggy Limited	Retailing	1.33%	0.0%
Pine Labs Limited	Financial Technology (Fintech)	1.31%	0.0%
TBO Tek Limited	Leisure Services	1.19%	0.0%
Taiwan Semiconductor Sp ADR	Semiconductors	1.19%	0.0%
Siemens Energy India Limited	Electrical Equipment	1.07%	0.0%
Microsoft Corp	Systems Software	1.05%	0.0%
Bosch Limited	Auto Components	0.95%	0.0%
Alphabet Inc A	Interactive Media & Services	0.93%	0.0%
Dhoot Transmission Ltd	Auto Components	0.89%	+30.9%
Rubicon Research Limited	Pharmaceuticals & Biotechnology	0.88%	+39.2%
Honeywell Automation India Limited	Industrial Manufacturing	0.82%	0.0%
Amazon Com Inc	Broadline Retail	0.79%	0.0%
Meta Platforms Registered Shares A	Interactive Media & Services	0.77%	0.0%
Ellenbarrie Industrial Gases Limited	Chemicals & Petrochemicals	0.72%	0.0%
Dixon Technologies (India) Limited	Consumer Durables	0.71%	0.0%
Tenneco Clean Air India Limited	Auto Components	0.68%	0.0%
Broadcom Inc	Semiconductors	0.65%	0.0%
Onemi Technology Solutions Limited	Finance	0.64%	New
Anthem Biosciences Limited	Pharmaceuticals & Biotechnology	0.62%	0.0%
ASML Holding NV	Semiconductor Materials & Equipment	0.61%	0.0%
Apple Inc	Technology Hardware, Storage & Peripherals	0.57%	0.0%
Carborundum Universal Limited	Industrial Products	0.52%	0.0%
Arista Networks Inc	Communications Equipment	0.50%	0.0%
SharkNinja INC	Household Appliances	0.45%	0.0%
MAKEMYTRIP LTD	Hotels, Resorts & Cruise Lines	0.43%	0.0%
SAMSUNG ELECTRONICS - GDR	Technology Hardware, Storage & Peripherals	0.43%	0.0%
Advanced Micro Devices Inc	Semiconductors	0.41%	0.0%
VEEVA SYSTEMS INC	Health Care Technology	0.38%	0.0%
91 Days Tbill (MD 12/11/2026) · Treasury bill	Sovereign	0.37%
Jyoti CNC Automation Ltd	Industrial Manufacturing	0.35%	−71.1%
Ebay Inc	Broadline Retail	0.31%	0.0%
Lumentum Holdings Inc	Communications Equipment	0.27%	0.0%
Roku Inc	Movies & Entertainment	0.26%	0.0%
MercadoLibre Inc	Broadline Retail	0.24%	0.0%
Sea Ltd	Broadline Retail	0.23%	0.0%
Visa Inc	Transaction & Payment Processing Services	0.22%	0.0%
KLA Corporation	Semiconductor Materials & Equipment	0.21%	0.0%
Oracle Corporation	Systems Software	0.21%	0.0%
TJX ORD	Apparel Retail	0.21%	0.0%
Spotify Technology SA	Movies & Entertainment	0.20%	0.0%
Vertiv Holdings Co	Electrical Components & Equipment	0.20%	0.0%
Monster Beverage Corp	Soft Drinks & Non-alcoholic Beverages	0.19%	0.0%
Cyient Dlm Ltd	Aerospace & Defense	0.16%	New
Blue Dart Express Limited	Transport Services	0.15%	0.0%
Syngene International Limited	Healthcare Services	0.10%	New

Axis Innovation Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Eternal Limited	Reduced	−4.7%	4.97%
One 97 Communications Limited	Reduced	−11.2%	3.63%
Billionbrains Garage Ventures Ltd	Reduced	−30.1%	2.32%
Info Edge (India) Limited	Reduced	−41.3%	1.43%
Divi's Laboratories Limited	Reduced	−22.5%	1.72%
Sai Life Sciences Limited	Reduced	−8.4%	1.87%
Neogen Chemicals Limited	Added	+42.8%	1.90%
PI Industries Limited	Added	+6.8%	1.66%
Delhivery Limited	Added	+3.4%	1.42%
Mahindra & Mahindra Limited	Sold out	−100%	was 1.22%
Jyoti CNC Automation Ltd	Reduced	−71.1%	0.35%
Dhoot Transmission Ltd	Added	+30.9%	0.89%
Rubicon Research Limited	Added	+39.2%	0.88%
Onemi Technology Solutions Limited	New	New	0.64%
Cyient Dlm Ltd	New	New	0.16%
Syngene International Limited	New	New	0.10%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What Axis Innovation Fund bought and sold

Axis Innovation Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Union Innovation & Opportunities FundThematic · Union	36.6%	22	Compare
Mirae Asset BSE Select IPO ETFETF · Mirae Asset	34.5%	21	Compare
Motilal Oswal BSE Select IPO ETFETF · Motilal Oswal	34.5%	21	Compare
SBI Innovative Opportunities FundThematic · SBI	33.0%	18	Compare
UTI Innovation FundThematic · UTI	28.0%	13	Compare
Baroda BNP Paribas Innovation FundThematic · Baroda BNP Paribas	26.0%	14	Compare
HDFC Innovation FundThematic · HDFC	24.8%	20	Compare
Bandhan Innovation FundThematic · Bandhan	24.1%	15	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Axis Innovation Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.36%
Expense ratio (Regular): 2.29%
Category: Thematic
Risk: Very High
Benchmark: Nifty 500 TRI
Launch date: 24-12-2020
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹1,345.33 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 148634
ISIN (Direct): INF846K01X71
Scheme code (Regular): 148631
ISIN (Regular): INF846K01Y05
NAV history: From 28-12-2020, 5.8 years

Exit load: Exit Load for units in excess of 20% of the investment,1% will be charged for redemption within 12 months.

Tax on Axis Innovation Fund returns

Axis Innovation Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹22.34	29-10-2026
direct	IDCW	₹18.71	29-10-2026
regular	Growth	₹20.79	29-10-2026
regular	IDCW	₹17.40	29-10-2026

About Axis Innovation Fund

Axis Innovation Fund is a mutual fund from Axis Mutual Fund. Its category is Thematic. It was launched on 24-12-2020. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 78 securities.

Fund Manager

Ashish Naik
Fund manager of Axis Innovation Fund, since 24-12-2020
Krishnaa N
Fund manager of Axis Innovation Fund, since 01-03-2024

See all funds of Axis Mutual Fund

AUM change

September 2026: ₹1,345.33 Cr; −1.27% from August 2026
August 2026: ₹1,362.59 Cr; +8.38% from July 2026
July 2026: ₹1,257.23 Cr; +4.84% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Axis Innovation Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Axis Innovation vs Nippon India Taiwan EquityThematic
Axis Innovation vs HDFC DefenceThematic
Axis Innovation vs HDFC Pharma and HealthcareThematic
Axis Innovation vs SBI Healthcare OpportunitiesThematic
Axis Innovation vs Aditya Birla Sun Life International EquityThematic
Axis Innovation vs Union Innovation & Opportunities36.6% overlap
Axis Innovation vs Mirae Asset BSE Select IPO ETF34.5% overlap
Axis Innovation vs Motilal Oswal BSE Select IPO ETF34.5% overlap

Compare with any other fund

Frequently Asked Questions for Axis Innovation Fund

What is the current NAV of Axis Innovation Fund?

The Direct plan NAV is ₹22.34. The Regular plan NAV is ₹20.79, as on 29-10-2026.

What are the returns of Axis Innovation Fund?

The Direct plan returned +8.24% in 1 year, +18.43% a year over 3 years, +10.45% a year over 5 years. The Regular plan returned +7.22% in 1 year, +17.27% a year over 3 years, +9.17% a year over 5 years. These figures are as on 29-10-2026.

What is the expense ratio of Axis Innovation Fund?

The Direct plan charges 1.36% a year. The Regular plan charges 2.29% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.

What is the AUM of Axis Innovation Fund?

Axis Innovation Fund managed ₹1,345.33 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Axis Innovation Fund?

At the end of September 2026 the largest holdings were ETERNAL (4.97%), PAYTM (3.63%), ATHERENERG (3.18%), LENSKART (3.07%), NYKAA (2.83%). The fund held 78 securities in all.

What did Axis Innovation Fund buy and sell in September 2026?

It bought 3 new stocks: Cyient Dlm Ltd, Onemi Technology Solutions Limited, Syngene International Limited. It sold out of 1: Mahindra & Mahindra Limited. It added shares in 5. It reduced 7.

How do I invest in Axis Innovation Fund?

Through Axis Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.

Who is the fund manager of Axis Innovation Fund?

Ashish Naik (since 24-12-2020), Krishnaa N (since 01-03-2024).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.