• 1 Year Returns: 3.55%
• 3 Year Returns: 10.28%
• 5 Year Returns: 6.22%

• Others | 20.35%
• Retail - Online | 12.76%
• IT Services & Consulting | 8.80%
• Diversified Chemicals | 5.62%
• Pharmaceuticals | 5.50%

• Eternal Limited | 5.28%
• One 97 Communications Ltd | 4.13%
• Ather Energy Ltd | 3.78%
• Billionbrains Garage Ventures Ltd | 3.42%
• FSN E-Commerce Ventures Limited | 3.05%

• Equity | 95.10%
• Cash & Equivalents | 1.79%
• ADR & GDR | 1.47%
• Futures & Options | 1.27%
• Treasury Bills | 0.36%

The alpha ratio for the Axis Innovation Fund-Reg(IDCW) is 5.34

Alpha is the excess return of a fund compared to its expected return, based on its beta and the risk-free rate. Positive alpha indicates that the fund has outperformed its expected return, while negative alpha suggests underperformance.

The volatility or standard deviation for the Axis Innovation Fund-Reg(IDCW) is 14.51

Standard deviation measures the volatility or risk associated with the returns of a mutual fund. A higher standard deviation indicates higher volatility, suggesting that the returns of the mutual fund are more spread out from the average. On the other hand, a lower standard deviation implies lower volatility and a more stable performance.

The Sharpe ratio for the Axis Innovation Fund-Reg(IDCW) is 0.53

The Sharpe ratio is a measure of risk-adjusted return that evaluates the performance of a mutual fund, by adjusting for its risk. Higher Sharpe ratio indicates a better risk-adjusted performance. A positive Sharpe ratio indicates that the MF has provided a return in excess of the risk-free rate for the amount of risk taken. Conversely, a negative Sharpe ratio suggests that the MF did not adequately compensate for the risk.

The Sortino Ratio for the Axis Innovation Fund-Reg(IDCW) is 0.06

The Sortino ratio of a mutual fund is a measure of its risk-adjusted return, considering only downside volatility. It helps investors evaluate how well a fund is performing relative to its downside risk. A higher Sortino ratio (value >1) means the fund generates better returns for the downside risk taken.