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Axis Innovation Fund Direct-growth
Mid Cap
Very High Risk
Latest AUM
₹ 1,199.2 Cr.
NAV as on 31 jul, 2026
₹ 21.82
+20.58%
3 years annulised
This Fund
Fund Details
Fund Names
Axis Innovation Fund Direct-growth
Inception Date
24 Dec 2020
Lock In
No Lock-in
SIP Minimum Investment amount
₹100
SWP Minimum Investment amount
₹1000
STP Minimum Investment amount
₹1000
Risk
Principal at very high risk
Portfolio Composition Analysis
Equity
97.74%
Debt
3.06%
Portfolio Updated on: 10 Jul, 2026
Sector Allocations
Equity
Industrials
Technology
Consumer Discretionary
Materials
Financial
Healthcare
Energy & Utilities
Diversified
Portfolio Updated on: 31 jul, 2026
Top 10 Holdings
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Zomato Ltd | Technology | Equity | 6.77% |
| Zomato Ltd | Technology | Equity | 6.77% |
| Zomato Ltd | Technology | Equity | 6.53% |
| Zomato Ltd | Technology | Equity | 6.53% |
| Zomato Ltd | Technology | Equity | 6.36% |
| Zomato Ltd | Technology | Equity | 6.22% |
| Zomato Ltd | Technology | Equity | 5.90% |
| Zomato Ltd | Technology | Equity | 5.76% |
| Zomato Ltd | Technology | Equity | 5.30% |
| Zomato Ltd | Technology | Equity | 5.31% |
Debt & Credit Risk Analysis
| Alpha | 4.86% |
| Beta | 0.84% |
| R2 | 0.80% |
| Sharpe Ratio | 0.73% |
| Standard Deviation | 14.21% |
| Sortino Ratio | 1.12% |
Returns Analysis
| Tenure | Absolute | Annualised | Category Average |
|---|---|---|---|
| 3 Months | 7.49% | NA | NA |
| 6 Months | 11.90% | NA | NA |
| 9 Months | 6.70% | NA | NA |
| 1 Year | 10.48% | 10.48% | NA |
| 2 Years | 14.66% | 7.08% | NA |
| 3 Years | 57.38% | 16.32% | NA |
| 5 Years | 81.57% | 12.67% | NA |
Launched on 24 Dec 2020, the fund aims Capital appreciation over long term. Investment in stocks based on Innovation theme. It manages assets worth ₹1,199.2 crore as on Tue Jun 30, 2026. The expense ratio stands at 1.37%.
Krishnaa Narayan has experience Prior to joining Axis Mutual Fund, she has worked with Price Waterhouse Coopers
Ashish Naik has experience Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
Top Performing Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Kotak Pioneer Fund Direct-growth | 3,873.0 | +1.38% | +8.80% | +13.63% | +10.17% | +20.01% | +16.78% |
| Kotak Pioneer Fund Direct-idcw | 3,873.0 | +1.38% | +8.80% | +13.63% | +10.17% | +20.01% | +16.78% |
| Kotak Pioneer Fund Regular-growth | 3,873.0 | +1.27% | +8.44% | +12.87% | +8.69% | +18.35% | +15.07% |
| Kotak Pioneer Fund Regular-idcw | 3,873.0 | +1.27% | +8.44% | +12.87% | +8.69% | +18.35% | +15.07% |
| Axis Innovation Fund Direct-idcw | 1,199.2 | +4.60% | +7.49% | +11.90% | +10.48% | +16.32% | +12.67% |
| Axis Innovation Fund Regular-growth | 1,199.2 | +4.52% | +7.27% | +11.38% | +9.41% | +15.16% | +11.33% |
| Axis Innovation Fund Regular-idcw | 1,199.2 | +4.52% | +7.27% | +11.38% | +9.41% | +15.16% | +11.33% |
growth is based on 1-month returns of the funds & Top fund are based on 3Y Returns
More Funds from Axis Mutual Fund
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Axis Innovation Fund Regular-growth | 1,199.2 | +4.52% | +7.27% | +11.38% | +9.41% | +15.16% | +11.33% |
| Axis Innovation Fund Regular-idcw | 1,199.2 | +4.52% | +7.27% | +11.38% | +9.41% | +15.16% | +11.33% |
| Axis Innovation Fund Direct-idcw | 1,199.2 | +4.60% | +7.49% | +11.90% | +10.48% | +16.32% | +12.67% |
growth is based on 1-month returns of the funds
Top Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| ICICI Prudential Innovation Fund-growth | 7,609.1 | +3.24% | +7.52% | +4.80% | +6.81% | +18.71% | — |
| ICICI Prudential Innovation Fund Direct-growth | 7,609.1 | +3.33% | +7.79% | +5.32% | +7.97% | +20.06% | — |
| ICICI Prudential Innovation Fund Direct-idcw | 7,609.1 | +3.33% | +7.79% | +5.32% | +7.97% | +20.06% | — |
| ICICI Prudential Innovation Fund-idcw | 7,609.1 | +3.24% | +7.52% | +4.80% | +6.81% | +18.71% | — |
| SBI Innovative Opportunities Fund Direct-growth | 5,152.2 | +7.55% | +16.20% | +13.47% | +12.25% | — | — |
| SBI Innovative Opportunities Fund Regular-growth | 5,152.2 | +7.46% | +15.90% | +12.92% | +11.13% | — | — |
| SBI Innovative Opportunities Fund Regular-idcw | 5,152.2 | +7.46% | +15.90% | +12.92% | +11.13% | — | — |
| SBI Innovative Opportunities Fund Direct-idcw | 5,152.2 | +7.55% | +16.20% | +13.47% | +12.25% | — | — |
| Kotak Pioneer Fund Direct-growth | 3,873.0 | +1.38% | +8.80% | +13.63% | +10.17% | +20.01% | +16.78% |
| Kotak Pioneer Fund Regular-growth | 3,873.0 | +1.27% | +8.44% | +12.87% | +8.69% | +18.35% | +15.07% |
Top funds are based on Fund AUM
Top Funds
| Fund name | ||||
|---|---|---|---|---|
| Kotak Pioneer Fund Direct-growth | ₹38.34 | +20.01% | +16.78% | — |
| Kotak Pioneer Fund Direct-idcw | ₹38.33 | +20.01% | +16.78% | — |
| Kotak Pioneer Fund Regular-growth | ₹34.53 | +18.35% | +15.07% | — |
| Kotak Pioneer Fund Regular-idcw | ₹34.55 | +18.35% | +15.07% | — |
| Axis Innovation Fund Direct-idcw | ₹18.27 | +16.32% | +12.67% | — |
| Axis Innovation Fund Regular-growth | ₹20.35 | +15.16% | +11.33% | — |
| Axis Innovation Fund Regular-idcw | ₹17.03 | +15.16% | +11.33% | — |
growth is based on 5Y returns of the funds
Historical NAV
| Date | NAV |
|---|---|
| 31 Jul 2026 | ₹21.82 |
| 30 Jul 2026 | ₹21.71 |
| 29 Jul 2026 | ₹21.58 |
| 28 Jul 2026 | ₹21.48 |
| 27 Jul 2026 | ₹21.46 |
| 24 Jul 2026 | ₹21.20 |
| 23 Jul 2026 | ₹21.36 |
| 22 Jul 2026 | ₹21.56 |
| 21 Jul 2026 | ₹21.70 |
| 20 Jul 2026 | ₹21.61 |
| 17 Jul 2026 | ₹21.61 |
| 16 Jul 2026 | ₹21.71 |
| 15 Jul 2026 | ₹21.88 |
| 14 Jul 2026 | ₹21.57 |
| 13 Jul 2026 | ₹21.66 |
| 10 Jul 2026 | ₹21.74 |
| 09 Jul 2026 | ₹21.51 |
| 08 Jul 2026 | ₹21.14 |
| 07 Jul 2026 | ₹21.28 |
| 06 Jul 2026 | ₹21.25 |
| 03 Jul 2026 | ₹21.16 |
| 02 Jul 2026 | ₹21.23 |
| 01 Jul 2026 | ₹21.06 |
| 30 Jun 2026 | ₹20.86 |
| 29 Jun 2026 | ₹20.65 |
| 25 Jun 2026 | ₹20.55 |
| 24 Jun 2026 | ₹20.69 |
| 23 Jun 2026 | ₹20.63 |
| 22 Jun 2026 | ₹20.81 |
| 19 Jun 2026 | ₹20.81 |
Portfolio Updated on: 01 Aug, 2026
Fund Growth & Size Analysis
+₹1,199.2 Cr
Since Launch
This Fund
Category Average
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Axis Innovation Fund Direct-growth Returns Comparison
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Jan 1, 2026 – Feb 1, 2026
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Axis Innovation Fund Direct-growth FAQ'S
- Sharpe Ratio: 0.73%
- Standard Deviation: 14.21%
- Beta: 0.84%
- Alpha: 4.86%
- R-squared: 0.80%
- Information Ratio: 0.55%
- Sortino Ratio: 1.12%
Additional important ratios:
As of Tue Jun 30, 2026, the total assets managed under Axis Innovation Fund Direct-growth stand at approximately ₹ 1,199.2 crore.
The Axis Innovation Fund Direct-growth has delivered the following short-term performance:
- 3 Months Return: 7.49%
- 6 Months Return: 11.90%
The historical growth of the Axis Innovation Fund Direct-growth is reflected through its CAGR returns:
- 3 Year CAGR: 16.32%
- 5 Year CAGR: 12.67%
- Return Since Launch: 14.94%
The portfolio of Axis Innovation Fund Direct-growth is distributed across different asset classes as follows:
- Equity: 97.74%
- Debt Instruments: 3.06%
The Axis Innovation Fund Direct-growth is managed by Ashish Naik, representing Axis Mutual Fund.
The Axis Innovation Fund Direct-growth investments are allocated across market caps in the following manner:
- Large Cap Stocks: 35.73%
- Mid Cap Stocks: 29.22%
- Small Cap Stocks: 35.06%
Top stock holdings of Axis Innovation Fund Direct-growth include:
- Zomato Ltd – represents 6.77% of the portfolio
- Zomato Ltd – represents 6.77% of the portfolio
- Zomato Ltd – represents 6.53% of the portfolio
- Zomato Ltd – represents 6.53% of the portfolio
- Zomato Ltd – represents 6.36% of the portfolio
- Zomato Ltd – represents 6.22% of the portfolio
- Zomato Ltd – represents 5.90% of the portfolio
- Zomato Ltd – represents 5.76% of the portfolio
- Zomato Ltd – represents 5.30% of the portfolio
- Zomato Ltd – represents 5.31% of the portfolio
Major sector exposures in Axis Innovation Fund Direct-growth are:
- Industrials – accounts for 183.36% of the portfolio
- Technology – accounts for 176.84% of the portfolio
- Consumer Discretionary – accounts for 145.73% of the portfolio
- Materials – accounts for 124.62% of the portfolio
- Financial – accounts for 107.59% of the portfolio
