Axis Innovation Fund
NAV
₹22.85
as of 5 Oct 2026
Axis Innovation Fund is an open-ended Sectoral/ Thematic scheme from Axis Mutual Fund managing ₹1,363 crore (as of 31 Aug 2026). Its Direct-plan NAV is ₹22.85 as of 5 Oct 2026. The expense ratio is 1.34% a year. Managed by Ashish Naik. This page is factual data only – it carries no rating and no recommendation.
Key facts
- Expense ratio
- 1.34% / yr
- as of 31 Aug 2026
- Fund size
- ₹1,363 crore
- as of 31 Aug 2026
- Exit load
- 1%
- SIP available
- Yes
- Launched
- 18 Dec 2020
- ISIN
- INF846K01X71
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from nyvo’s own NAV data.
Rebased to 100data to 5 Oct 2026Benchmark: Nifty 500 TRI
Axis Innovation Fund
₹168
+68% on ₹100 over 5.0 yrs
Sectoral/ Thematic average
₹195
+95% on ₹100 over 5.0 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | 7.38% | -4.47% | +11.85 |
| 6 months | 19.88% | 7.56% | +12.32 |
| 1 year | 12.84% | -0.10% | +12.94 |
| 3 years (CAGR) | 17.86% | 12.32% | +5.54 |
| 5 years (CAGR) | 11.38% | 11.84% | -0.46 |
Category average across 119 funds, as of 5 Oct 2026. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible – read that number first.
1-year holding periods
- Worst
- -12.7%
- Median
- 10.2%
- Best
- 47.0%
49 windows over the last 60 months, stepped monthly; 84% ended positive. Worst window began 3 Jan 2022. Windows overlap – this is the range of past start dates, not a probability of anything.
3-year holding periods (per year)
- Worst
- 10.4%
- Median
- 16.3%
- Best
- 21.2%
25 windows over the last 60 months, stepped monthly; 100% ended positive. Worst window began 1 Apr 2022. Windows overlap – this is the range of past start dates, not a probability of anything.
Risk, measured
- Sharpe ratio (3Y)
- 0.83
- Sharpe ratio (5Y)
- 0.50
- Sortino ratio (3Y)
- 1.46
- Standard deviation (3Y)
- 14.68%
- Deepest fall (5Y)
- -18.28%
Distance below its own peak
Every dip below 0 is the fund trading under a previous high – how deep and for how long is what a drawdown feels like.
Deepest fall
-15.2%
Right now
-4.0% below peak
Where the money actually is
Equity
97.8%
Cash
2.2%
Whole-portfolio split, as of 31 Aug 2026.
What it owns
79 positions · top 10 = 32.6%
Market-cap mix
Large 19.2%Mid 28.9%Small 32.1%Other 19.8%
as of 31 Aug 2026
Holdings by sector
Consumer Cyclical(3 in top 10)28.6%
- Eternal Ltd5.28%
- Ather Energy Ltd3.78%
- FSN E-Commerce Ventures Ltd3.05%
Technology(1 in top 10)18.4%
- One97 Communications Ltd4.13%
- Industrials12.9%
Basic Materials(1 in top 10)10.6%
- Aether Industries Ltd2.67%
Healthcare(2 in top 10)10.3%
- Lenskart Solutions Ltd2.93%
- Divi's Laboratories Ltd2.23%
Financial Services(2 in top 10)8.0%
- Billionbrains Garage Ventures Ltd3.42%
- PB Fintech Ltd2.47%
Communication Services(1 in top 10)6.6%
- Info Edge (India) Ltd2.60%
- Utilities1.1%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Aug 2026. Portfolio turnover 72.4% vs category 37.4% a year.
The businesses it owns
- P/E (trailing)
- 45.3 vs category 25.9
- P/B
- 7.8 vs category 3.9
- Dividend yield
- 0.2% vs category 1.1%
- Net margin
- 14.7% vs category 15.4%
- Earnings growth
- 19.6%
- Avg market cap
- ₹1.08 lakh crore
Money in, money out
- Net flow, 12 months
- −₹21 cr
- Net flow, 3 months
- +₹15 cr
as of 31 Aug 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of Axis Innovation Fund?
- ₹22.85 per unit as of 5 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Axis Innovation Fund?
- 1.34% a year for the Direct plan, as of 31 Aug 2026.
- How large is Axis Innovation Fund?
- ₹1,363 crore under management as of 31 Aug 2026, in the Sectoral/ Thematic category.
- How risky is Axis Innovation Fund?
- Its SEBI Riskometer reading is "Very High Risk". One sector, one story. The most-launched shelf on the map, by far.
- What are the 5-year returns of Axis Innovation Fund?
- 11.38% a year over the last 5 years (Direct plan, CAGR), against a Sectoral/ Thematic average of 11.84%. Past returns do not predict future returns.
- What is the worst 3-year return of Axis Innovation Fund?
- 10.4% a year – the weakest of 25 overlapping 3-year holding periods, beginning 1 Apr 2022. The median was 16.3% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
- Who manages Axis Innovation Fund?
- Ashish Naik, managing this fund for 5.7 years.
Where this fund sits
Its shelf, all funds
St · Sectoral / thematic →
One sector, one story. The most-launched shelf on the map, by far.
The money map
How big this shelf is in India →
The whole industry sized by real money, from AMFI’s monthly data.
Side by side
Compare this fund →
Put it next to any other fund – growth, returns, risk and cost in one table.
One bet or two?
Check its overlap →
See whether it owns the same stocks as your other funds.
Other Sectoral/ Thematic funds
- ICICI Prudential India Opportunities Fund₹38,338 crore
- ICICI Prudential Business Cycle Fund₹15,873 crore
- Axis India Manufacturing Fund₹5,796 crore
- Axis Consumption Fund₹2,616 crore
- Aditya Birla Sun Life Manufacturing Equity Fund₹1,402 crore
- Invesco India Business Cycle Fund₹1,381 crore
- Mahindra Manulife Business Cycle Fund₹1,357 crore
- ICICI Prudential ESG Exclusionary Strategy Fund₹1,356 crore
Data: nyvo research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (Nifty 500 TRI) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.