• 1 Year Returns: -1.47%
• 3 Year Returns: 9.32%
• 5 Year Returns: 7.30%

• Others | 16.06%
• Retail - Online | 12.25%
• IT Services & Consulting | 9.54%
• Diversified Chemicals | 6.13%
• Electrical Components & Equipments | 6.10%

• Eternal Ltd | 5.30%
• Billionbrains Garage Ventures Ltd | 4.26%
• One 97 Communications Ltd | 3.96%
• Lenskart Solutions Ltd | 2.89%
• Fsn E-Commerce Ventures Ltd | 2.82%

• Equity | 95.76%
• Cash & Equivalents | 2.62%
• ADR & GDR | 1.18%
• Treasury Bills | 0.45%

The alpha ratio for the Axis Innovation Fund-Reg(IDCW) is -49.16

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 12.38

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 0.13

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 0.01

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.