Axis Innovation Fund Regular-Growth
NAV as of Aug 29, 2024
18.38-0.32%
- Growth - Regular
(Earn upto 0.93% Extra Returns with Direct Plan)
Fund Category:
Equity: Thematic
Expense Ratio:
2.23%(1.49% Category
average)Fund Size:
Rs. 1,277.08 Cr(0.73% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Axis Innovation Fund Regular-Growth
NAV as of Aug 29, 2024
18.38-0.32%
Expense Ratio:
2.23%
Fund Size:
Rs. 1,277.08 Cr
Fund Category:
Equity: Thematic
1. Current NAV: The Current Net Asset Value of the Axis Innovation Fund - Regular Plan as of Aug 29, 2024 is Rs 18.38 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 39.49% (1yr), 13.96% (3yr) and 18.09% (since launch). Whereas, Category returns for the same time duration are: 48.27% (1yr), 21.79% (3yr) and 24.35% (5yr).
3. Fund Size: The Axis Innovation Fund - Regular Plan currently holds Assets under Management worth of Rs 1277.08 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 2.23% for Regular plan as on Aug 23, 2024.
5. Exit Load: Axis Innovation Fund - Regular Plan shall attract an Exit Load, "Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Axis Innovation Fund Regular-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 2.85 11.73 22.78 37.78 13.83 - Category Avg 0.57 11.65 21.71 47.46 21.74 24.55 Rank within Category 11 45 34 50 29 - No. of funds within Category 104 90 78 67 31 19 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY 500 Total Return Index
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- Nifty 50
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Axis Innovation Fund Regular-Growth Fund Details
Investment Objective - The Scheme seeks to generate long term capital appreciation by investing in equity & equity related securities of companies that are benefiting from innovative change (innovators, enablers, adaptors).
Fund House | Axis Mutual Fund |
Launch Date | Dec 24, 2020 |
Benchmark | NIFTY 500 Total Return Index |
Return Since Launch | 17.98% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Axis Innovation Fund Regular-Growth Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 92 | 88 | 91 | 85 | 83 | 84 |
Top 5 Company Holdings | 15.97% | 17.88% | 18.9% | 21.33% | 20.74% | 19.81% |
Top 10 Company Holdings | 28.73% | 31.1% | 31.74% | 34.09% | 33.81% | 32.53% |
Company with Highest Exposure | Info Edge (India) (3.5%) | ICICI Bank (4.63%) | ICICI Bank (4.54%) | ICICI Bank (4.98%) | ICICI Bank (4.79%) | ICICI Bank (4.72%) |
Number of Sectors | 15 | 14 | 14 | 15 | 15 | 15 |
Top 3 Sector Holdings | 49.93% | 51.37% | 50.01% | 49.2% | 50.52% | 49.89% |
Top 5 Sector Holdings | 68.67% | 71.98% | 71.33% | 70.46% | 72.2% | 72.76% |
Sector with Highest Exposure | Services (24.46%) | Services (24.17%) | Services (23.61%) | Services (23.15%) | Services (23.73%) | Services (23.58%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Info Edge (India) Services 3.5 152.96 50.20 80.29 Zomato Services 3.32 - - - Torrent Power Energy 3.31 36.62 47.61 149.25 ICICI Bank Financial 3.0 18.65 65.91 26.26 Linde India Chemicals 2.84 137.58 52.52 19.27 Siemens Capital Goods 2.67 99.91 68.99 77.71 Pidilite Industries Chemicals 2.67 86.90 35.94 19.32 HDFC Bank Financial 2.57 18.27 89.60 3.03 Dixon Technologies (India) Capital Goods 2.56 182.17 72.30 168.49 Reliance Industries Energy 2.29 29.72 101.60 25.68
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Axis Innovation Fund Regular-Growth 18.38 Unrated 1,277.08 1.66 36.76 12.98 - Axis Business Cycles Fund Regular-Growth 16.61 Unrated 2,919.99 0.60 40.07 - - ICICI Prudential Exports and Services Fund-Growth 161.20 Unrated 1,381.93 1.52 45.28 22.15 24.38 Axis India Manufacturing Fund Regular-Growth 14.43 Unrated 6,310.79 0.76 - - - Aditya Birla Sun Life Special Opportunities Fund Regular-Growth 24.40 Unrated 792.08 1.86 43.72 17.47 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
13.85VS14.65Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.90VS0.88Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.68VS1.08Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
10.46VS16.46Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
-3.73VS1.19Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
14.97VS19.64Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Axis Mutual Fund News
Fund Manager
- A.N.Ashish NaikSince Dec 202016 schemes
- M.H.Mayank HyankiSince Apr 20245 schemes
Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur. 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Balanced Advantage Fund Regular-Growth Dynamic Asset Allocation 20.31 2,466.12 30.19 Axis Arbitrage Fund Regular-Growth Arbitrage 17.67 5,605.02 7.54 Axis Nifty 100 Index Fund Regular-Growth Large Cap 22.21 1,650.89 35.88 Axis Regular Saver Fund Regular-Growth Conservative Hybrid 28.69 307.92 11.27 Axis ELSS Tax Saver Fund-Growth ELSS 96.14 38,278.40 36.46 Axis Bluechip Fund-Growth Large Cap 61.05 35,013.27 33.18 Axis Equity Hybrid Fund Regular-Growth Aggressive Hybrid 20.32 1,682.75 27.16 Axis Multi Asset Allocation Fund Regular-Growth Multi Asset Allocation 39.01 1,288.70 26.40 Axis Nifty Bank Index Fund Regular-Growth Sectoral-Banking 10.44 Unrated 123.11 - Axis BSE Sensex Index Fund Regular-Growth Large Cap 11.29 Unrated 44.94 - Axis BSE Sensex ETF-Growth Large Cap 83.48 Unrated 130.54 27.52 Axis Business Cycles Fund Regular-Growth Thematic 16.61 Unrated 2,919.99 39.58 Axis Quant Fund Regular-Growth Thematic 17.36 Unrated 1,166.82 40.11 Axis NIFTY India Consumption ETF-Growth Thematic-Consumption 122.85 Unrated 15.69 45.99 Axis NIFTY Bank ETF-Growth Sectoral-Banking 522.91 Unrated 270.72 15.72 Axis Nifty 50 ETF-Growth Large Cap 272.52 Unrated 780.30 31.47 Mr. Hyanki has done B.Tech and PGDM, Finance Prior to joining Axis Mutual Fund, he has worked with Reliance, Birla Sun Life Asset Management Company Ltd and ING Investment Management (I) Pvt Ltd
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Small Cap Fund Regular-Growth Small Cap 105.20 23,399.15 38.49 Axis Equity Saver Fund Regular-Growth Equity Savings 21.57 982.84 19.30 Axis Business Cycles Fund Regular-Growth Thematic 16.61 Unrated 2,919.99 39.58 Axis Nifty Smallcap 50 Index Fund Regular-Growth Small Cap 19.03 Unrated 397.63 62.70 Axis Nifty Midcap 50 Index Fund Regular-Growth Mid Cap 19.66 Unrated 392.20 47.39
More Axis Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Axis Liquid Fund Regular-Growth | 36,518.03 | 0.60 | 1.86 | 3.75 | 7.32 | 5.74 | |
Axis Liquid Fund Retail-Growth | 36,518.03 | 0.56 | 1.73 | 3.48 | 6.77 | 5.21 | |
Axis ELSS Tax Saver Fund-Growth | 34,895.64 | 5.81 | 12.73 | 16.06 | 27.56 | 11.40 | |
Axis Bluechip Fund-Growth | 32,707.97 | 4.98 | 9.60 | 14.36 | 27.98 | 11.61 | |
Axis Midcap Fund Regular-Growth | 27,747.62 | 9.18 | 24.49 | 27.86 | 46.39 | 22.03 | |
Axis Small Cap Fund Regular-Growth | 20,504.37 | 7.37 | 19.53 | 17.34 | 38.50 | 25.83 | |
Axis Banking & PSU Debt Fund-Growth | 13,660.32 | 0.57 | 1.72 | 3.51 | 6.48 | 5.17 | |
Axis Focused Fund Regular-Growth | 13,341.11 | 6.37 | 11.18 | 14.34 | 23.89 | 8.45 | |
Axis Growth Opportunities Fund Regular-Growth | 12,424.49 | 8.70 | 15.30 | 22.46 | 38.33 | 19.57 | |
Axis Flexi Cap Fund Regular-Growth | 12,011.72 | 7.46 | 16.71 | 19.31 | 33.70 | 14.52 |
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1. Axis Innovation Fund - Regular Plan is Open-ended Thematic Equity scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Dec 24, 2020.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks to generate long term capital appreciation by investing in equity & equity related securities of companies that are benefiting from innovative change (innovators, enablers, adaptors). "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 98.3% in equities, 1.55% in debts and 0.15% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 28.73% of the assets, the top 3 sectors constitute around 49.93% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Axis Innovation Fund Regular-Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Axis Innovation Fund Regular-Growth
- Is it safe to invest in Axis Innovation Fund - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Innovation Fund - Regular Plan comes under Very High risk category.
- What is the category of Axis Innovation Fund - Regular Plan?Axis Innovation Fund - Regular Plan belongs to the Equity : Thematic category of funds.
- How Long should I Invest in Axis Innovation Fund - Regular Plan?The suggested investment horizon of investing into Axis Innovation Fund - Regular Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Axis Innovation Fund - Regular Plan?The Axis Innovation Fund - Regular Plan is managed by Ashish Naik (Since Dec 04, 2020) and Mayank Hyanki (Since Apr 05, 2024).
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