Axis Innovation Fund · Regular · Growth
NAV
₹21.3900
as of 29 Sept 2026
Expense Ratio
2.28%
AUM
₹1,160 Cr
Lumpsum returns (CAGR)
- 1Y
- +14.69%
- 3Y
- +17.25%
- 5Y
- +10.44%
- Since Inception
- +14.10%
SIP returns (XIRR)
- 1Y
- +22.29%
- 3Y
- +14.42%
- 5Y
- +14.41%
- Since Inception
- +14.15%
What history actually did — last 5 years (Oct 2021 – Sept 2026)
A ₹5,000 monthly SIP for the last 5 years (Oct 2021 – Sept 2026)
Real NAV backtest
A ₹5,000 monthly SIP would be worth ₹4,21,498 today — ₹2,95,000 invested, 14.7% XIRR.
₹2,95,000
Invested
₹4,21,498
Value today
14.7%
XIRR (p.a.)
A ₹1,00,000 lumpsum, the last 5 years (Oct 2021 – Sept 2026)
Real NAV backtest
₹1,00,000 invested 5 years ago would be ₹1,64,919 today (10.5% CAGR).
A regular withdrawal plan (SWP)
Real NAV backtest
A ₹10,00,000 corpus withdrawing ₹5,000/month since Oct 2021 would still hold ₹12,27,692.
Fund vs Benchmark (TRI)
Same SIP, benchmark total-return index
The same SIP would be worth ₹4,21,498 in this fund vs ₹3,59,448 in the benchmark — outperformance of ₹62,050.
Buying the worst day
Real NAV backtest
₹1,00,000 invested on the worst market day of the last 5 years (Oct 2021 – Sept 2026) (3 Jun 2024) would be ₹1,28,933 today (1.29×).
Historical simulation using actual published NAVs for the stated period. Past performance may or may not be sustained in the future. Not investment advice.
Risk Metrics
Trailing 1 year, annualised0.92
Sharpe Ratio
+0.19
Alpha
0.19
Beta
0.93
Sortino
13.32%
Std Dev
-14.23%
Max Drawdown
Performance Comparison
Sectoral allocation
as of 31 Aug 2026- Retailing19.16%
- Financial Technology (Fintech)7.84%
- Chemicals & Petrochemicals7.62%
- Pharmaceuticals & Biotechnology5.49%
- Automobiles5.00%
- Electrical Equipment4.58%
- Auto Components4.58%
- Transport Services3.54%
- IT - Services3.50%
- Industrial Manufacturing3.46%
- Semiconductors3.46%
- Capital Markets3.42%
Each sector links to the mutual funds most exposed to it.
Related reading
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Fund Details
Available transactions
Portfolio holdings
- 1Eternal Limited5.28%
- 2One 97 Communications Limited4.13%
- 3Ather Energy Limited3.78%
- 4Billionbrains Garage Ventures Ltd3.42%
- 5Fsn E-Commerce Ventures Limited3.05%
- 6Lenskart Solutions Limited2.93%
- 7Aether Industries Limited2.67%
- 8Info Edge (India) Limited2.60%
- 9Pb Fintech Limited2.47%
- 10Divi'S Laboratories Limited2.23%
What this fund does
Axis Innovation Fund · Regular · Growth invests in stocks from a specific sector or theme, offering concentrated exposure to a particular area of the economy. These funds carry sector-specific risks but can deliver significant returns when the underlying sector performs well.
About This Fund
Axis Innovation Fund · Regular · Growth is a Sectoral / Thematic mutual fund offered by Axis Mutual Fund. The fund has been operational for over 5 years. It manages assets worth ₹1,160 Cr, reflecting investor confidence in the fund's strategy. It benchmarks its performance against NIFTY 500 TRI. The current expense ratio is 2.28%.