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Axis Innovation Fund(IDCW) Direct IDCW

IDCW
17.640.34% (+0.06)
High
Low
Returns
0.00%
0.00%
1M
6M
1Y
3Y
5Y
Max
SIP
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1M
6M
1Y
3Y
5Y
Max
SIP

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Axis Innovation Fund(IDCW) Performance & Key Metrics

Axis Innovation Fund(IDCW) Performance & Key Metrics

Expense RatioExpense RatioNo LabelNo LabelNo LabelNo Label
1.2861.440.17
No LabelNo LabelNo LabelNo LabelNo LabelNo Label
1.4545.210.03

Axis Innovation Fund(IDCW) Scheme InfoAxis Innovation Fund(IDCW) Scheme Info

PlanPlanLock inLock inExit LoadExit Load
IDCW0 yrs1.00%
Nil for 10% of investment and 1% for remaining investment on or before 12M Nil after 12M
SIP Inv.SIP Inv.Min. LumpsumMin. Lumpsum
Allowed₹ 100
Initial: ₹ 100 Incremental: ₹ 100
BenchmarkBenchmark
NIFTY 500 - TRI

About Thematic Fund

About Thematic Fund

Thematic funds are the equity mutual funds. They invest in stocks linked to a theme. They are well diversifies and may invest in several sectors around a particular opportunity.

Axis Innovation Fund(IDCW) Peers

Axis Innovation Fund(IDCW) Peers & Comparison

Comparing 3 mutual funds from 
EquityThematic Fund
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Mutual Fund1Y Returns1Y Returns3Y CAGR3Y CAGRLife CAGRLife CAGR
Axis Innovation Fund(IDCW)-3.45%16.91%13.45%
ICICI Pru India Opp Fund(IDCW-Payout)2.67%19.36%15.82%
HDFC Manufacturing Fund(IDCW)-0.56%4.13%
SBI Innovative Opportunities Fund(IDCW)

Axis Innovation Fund(IDCW) Returns Comparison

Compare Axis Innovation Fund(IDCW) with any MF, ETF, stock or index
Compare Axis Innovation Fund(IDCW) with any MF, ETF, stock or index
Axis Innovation Fund(IDCW)
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Axis Innovation Fund(IDCW) Portfolio

Axis Innovation Fund(IDCW) Asset Allocation

Axis Innovation Fund(IDCW) Asset Allocation

Actual

Target

Sep 2024

Dec 2024

Mar 2025

May 2025

ACTUAL
Treasury BillsFutures & OptionsADR & GDRCash & EquivalentsEquity0.42%0.57%0.70%3.49%94.81%

Sep 2024

Dec 2024

Mar 2025

May 2025

Tickertape Separator

Axis Innovation Fund(IDCW) Sector Distribution

Axis Innovation Fund(IDCW) Sector Distribution

+26 morePharmaceuticalsOthersRetail - OnlinePrivate BanksIT Services & Consulting61.45 %6.04 %6.18 %6.89 %7.66 %11.77 %

Sep 2024

Dec 2024

Mar 2025

May 2025

Tickertape Separator

Axis Innovation Fund(IDCW) Sector Weightage

Axis Innovation Fund(IDCW) Sector Weightage

Mar 24Jun 24Sep 24Dec 24Mar 25May 2514.22%14.63%14.35%13.84%12.05%11.77%
IT Services & Consulting as a % of total holdings for last six quarters
Tickertape Separator

Axis Innovation Fund(IDCW) Current Holdings

Axis Innovation Fund(IDCW) Current Holdings

Equity

Debt

Others

  • Constituent
    Holding Weight
    3M Change

AMC Profile of Axis Innovation Fund(IDCW)

AMC Profile of Axis Innovation Fund(IDCW)

Axis Asset Management Company Ltd. is the mutual fund investment wing of Axis Bank, the 3rd largest private bank in India. 74.99% share of the AMC is held by Axis Bank while the rest 24% is held by Schroder Singapore Holdings Private Limited.

Axis Asset Management Company Ltd. is the mutual fund investment wing of Axis Bank, the 3rd largest private bank in India. 74.99% share of the AMC is held by Axis Bank while the rest 24% is held by Schroder Singapore Holdings Private Limited.

  • No.of Schemes

    71

  • Total AUM

    ₹ 3,30,367.53 Cr.

Axis Innovation Fund(IDCW) Manager Details

Axis Innovation Fund(IDCW) Manager Details

Axis Innovation Fund(IDCW) Manager Profile

Axis Innovation Fund(IDCW) Manager Profile

Ashish Naik

AUM:  ₹39,836.73 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp: 6yrs

Krishnaa N

AUM:  ₹1,42,646.27 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp:

Axis Innovation Fund(IDCW) Manager Performance (0)

Axis Innovation Fund(IDCW) Manager Performance (0)

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Axis Innovation Fund(IDCW) Tax Implications

Axis Innovation Fund(IDCW) Tax Implications

Invested period < 1 year

Gains are treated as short-term capital gains and taxed at 20%

Invested period > 1 year

Gains are treated as long-term capital gains and taxed at 12.5%

Let’s calculate your returns after tax

Investment frequency

Monthly

One Time

Monthly Investment Amt. (₹)

Investment period (years)

CAGR (%)
This CAGR is calculated based on the actual past return given by the fund during the selected investment period. This is the annualised growth rate assuming monthly compounding.

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You make

Axis Innovation Fund(IDCW) Review & Opinions

Axis Innovation Fund(IDCW) Review & Opinions

The content here in the form of articles and videos is for information purposes only and may have been sourced from publicly available sources or otherwise. Tickertape does not guarantee the authenticity and veracity of the material shared. The User understands and agrees that Tickertape is not aware nor liable for any content shared here.

Frequently asked questions

Frequently asked questions

  1. What is the current price / NAV of Axis Innovation Fund(IDCW)?

    The current NAV of Axis Innovation Fund(IDCW) is ₹17.64, as of 23rd June 2025.

  2. What are the returns of Axis Innovation Fund(IDCW)?

    The Axis Innovation Fund(IDCW) was launched on 24th December 2020. This mutual fund's past returns are as follows:
    • 1 Year Returns: -3.45%
    • 3 Year Returns: 16.91%

  3. What are the top 5 sectoral holdings of Axis Innovation Fund(IDCW)?

    The top sectors Axis Innovation Fund(IDCW) has invested in are as follows:
    • IT Services & Consulting | 11.77%
    • Private Banks | 7.66%
    • Retail - Online | 6.89%
    • Others | 6.18%
    • Pharmaceuticals | 6.04%
    This data is as on 23rd June 2025.

  4. What are the top 5 holdings of Axis Innovation Fund(IDCW)?

    The top 5 holdings for Axis Innovation Fund(IDCW) are as follows:
    • Clearing Corporation of India Ltd | 3.95%
    • ICICI Bank Ltd | 3.88%
    • HDFC Bank Ltd | 3.78%
    • Reliance Industries Ltd | 3.10%
    • Eternal Ltd | 2.93%
    This data is as on 23rd June 2025.

  5. What is the asset allocation of Axis Innovation Fund(IDCW)?

    The asset allocation for Axis Innovation Fund(IDCW) is as follows:
    • Equity | 94.81%
    • Cash & Equivalents | 3.49%
    • ADR & GDR | 0.70%
    • Futures & Options | 0.57%
    • Treasury Bills | 0.42%
    This data is as on 23rd June 2025.

  6. What is the AUM of Axis Innovation Fund(IDCW)?

    The AUM (i.e. assets under management) of Axis Innovation Fund(IDCW) is ₹1120.71 Cr as of 23rd June 2025.

  7. What is the expense ratio of Axis Innovation Fund(IDCW)?

    The expense ratio of Axis Innovation Fund(IDCW) Plan is 1.28 as of 23rd June 2025.

  8. What is the alpha ratio of Axis Innovation Fund(IDCW)?

    The alpha ratio for the Axis Innovation Fund(IDCW) is 3.76

    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.

  9. What is the volatility or standard deviation of Axis Innovation Fund(IDCW)?

    The volatility or standard deviation for the Axis Innovation Fund(IDCW) is 14.67

    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.

  10. What is the sharpe ratio of Axis Innovation Fund(IDCW)?

    The Sharpe ratio for the Axis Innovation Fund(IDCW) is 0.17

    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.

  11. What is the Sortino ratio of Axis Innovation Fund(IDCW)?

    The Sortino Ratio for the Axis Innovation Fund(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.

  12. What is the Price to Earnings (PE) ratio of Axis Innovation Fund(IDCW)?

    The PE ratio of Axis Innovation Fund(IDCW) is 61.44, while category PE ratio is 45.21.