• 1 Year Returns: -1.74%
• 3 Year Returns: 9.03%
• 5 Year Returns: 8.86%

• Others | 17.59%
• Retail - Online | 13.48%
• IT Services & Consulting | 9.32%
• Electrical Components & Equipments | 6.85%
• Investment Banking & Brokerage | 5.81%

• Eternal Ltd | 6.22%
• Billionbrains Garage Ventures Ltd | 4.44%
• One 97 Communications Ltd | 3.47%
• Clearing Corporation of India Ltd | 2.94%
• FSN E-Commerce Ventures Ltd | 2.68%

• Equity | 94.63%
• Cash & Equivalents | 2.30%
• Futures & Options | 1.41%
• ADR & GDR | 1.24%
• Treasury Bills | 0.42%

The alpha ratio for the Axis Innovation Fund-Reg(IDCW) is 2.24

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 13.14

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 0.20

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 0.02

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.