Should I invest in Axis Innovation Fund?

We don't give personal investment advice. Axis Innovation Fund - Direct Plan - Growth Option is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 23.6%. 5-year CAGR: 12.88%.

Axis

Axis Innovation Fund - Direct Plan - Growth Option

Latest NAV

₹21.6100

As of

17 Jul 2026

1,374 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	-0.46%	-0.05%	-0.41	198 / 258	Q4
1W	-0.60%	-0.18%	-0.42	199 / 258	Q4
2W	+2.13%	-0.17%	+2.30	19 / 259	Q1
1M	+5.31%	+1.63%	+3.69	27 / 259	Q1
3M	+7.62%	+4.83%	+2.79	72 / 259	Q2
6M	+8.65%	+4.61%	+4.04	80 / 250	Q2
YTD	+6.77%	+2.98%	+3.79	77 / 247	Q2
1Y	+8.76%	+5.46%	+3.30	76 / 235	Q2
2Y	+6.79%	+4.09%	+2.70	60 / 187	Q2
3Y	+16.24%	+15.93%	+0.31	76 / 148	Q3
4Y	+16.60%	+17.58%	-0.98	75 / 121	Q3
5Y	+12.88%	+13.72%	-0.84	70 / 110	Q3
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+14.82%	+12.07%	+2.75	108 / 259	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+6.77%	+3.40%	+3.37	76 / 244
2025	+3.95%	+4.41%	-0.46	100 / 208
2024	+29.15%	+23.18%	+5.97	37 / 155
2023	+25.50%	+33.51%	-8.01	97 / 127
2022	-11.97%	+4.32%	-16.29	105 / 116
2021	+35.25%	+34.43%	+0.82	41 / 104
2020	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+13.64%

56 windows

min -13.9% · max 47.5%

84% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+16.03%

32 windows

min 11.8% · max 20.7%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+13.08%

7 windows

min 12.1% · max 14.2%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

14.01%

3-year · annualised

Sharpe ratio

0.68

vs risk-free 6.5%

Sortino ratio

1.21

Downside-only deviation

Max drawdown

-19.42%

Sep 2024 → Apr 2025

% positive months

63.9%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Sectoral/Thematic Fund

Scheme	Fund house	NAV	As of
HDFC Banking & Financial Services Fund - Growth Option - Direct Plan	HDFC	₹19.7420	17 Jul 2026
Nippon India Active Momentum Fund-Direct Plan - Growth Option	Nippon India	₹13.0154	17 Jul 2026
SBI Automotive Opportunities Fund - Direct Plan - Growth	SBI	₹12.5868	17 Jul 2026
ICICI Prudential Active Momentum Fund - Direct Plan - Growth	ICICI Prudential	₹10.8700	17 Jul 2026
Invesco India Business Cycle Fund - Direct Plan - Growth	Invesco	₹14.5000	17 Jul 2026
Bandhan Business Cycle Fund - Direct Plan - Growth	Bandhan	₹10.1960	17 Jul 2026
quant BFSI Fund - Growth Option - Direct Plan	Quant	₹22.0723	17 Jul 2026
QUANTUM ESG BEST IN CLASS STRATEGY FUND - DIRECT PLAN - GROWTH OPTION	Quantum	₹24.7900	17 Jul 2026
Aditya Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth	Aditya Birla Sun Life	₹72.8200	17 Jul 2026
Motilal Oswal Active Momentum Fund- Direct-Growth	Motilal Oswal	₹13.5242	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹21.6100
16 Jul 2026	₹21.7100
15 Jul 2026	₹21.8800
14 Jul 2026	₹21.5700
13 Jul 2026	₹21.6600
10 Jul 2026	₹21.7400
9 Jul 2026	₹21.5100
8 Jul 2026	₹21.1400
7 Jul 2026	₹21.2800
6 Jul 2026	₹21.2500

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 17 Jul 2026, the NAV of Axis Innovation Fund - Direct Plan - Growth Option is ₹21.6100. It's a Sectoral/Thematic Fund from Axis, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Axis Innovation Fund - Direct Plan - Growth Option has NAV history starting from 28 Dec 2020, a track record of about 5 years 6 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Axis Innovation Fund - Direct Plan - Growth Option is managed by Axis. It's classified by AMFI under the 'Sectoral/Thematic Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Axis Innovation Fund - Direct Plan - Growth Option has delivered a absolute return of 8.76% — +3.3 pp ahead of the Sectoral/Thematic Fund category average of 5.46%. The fund ranks #76 of 235 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Axis Innovation Fund - Direct Plan - Growth Option has delivered a CAGR of 16.24% — +0.31 pp ahead of the Sectoral/Thematic Fund category average of 15.93%. The fund ranks #76 of 148 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Axis Innovation Fund - Direct Plan - Growth Option has delivered a CAGR of 12.88% — -0.84 pp behind the Sectoral/Thematic Fund category average of 13.72%. The fund ranks #70 of 110 in its category — the third (Q3) quartile.

₹1 lakh invested in Axis Innovation Fund - Direct Plan - Growth Option exactly 5 years ago would be worth approximately ₹183,291 today — a multiplier of 1.83×, based on the 5-year CAGR of 12.88%. The category average over the same window would have grown ₹1 lakh to ₹190,217.

A ₹10,000 monthly SIP in Axis Innovation Fund - Direct Plan - Growth Option over the last 5 years — total invested ₹600,000 — would be worth ₹853,970 today. That's an XIRR (money-weighted annualised return) of 14.09%.

Axis Innovation Fund - Direct Plan - Growth Option doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹853,970 — XIRR 14.09%.

On a 5-year basis, Axis Innovation Fund - Direct Plan - Growth Option ranks #70 out of 110 funds in the Sectoral/Thematic Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 13.72%; this fund delivered 12.88%.

The worst peak-to-trough decline Axis Innovation Fund - Direct Plan - Growth Option has experienced over the last 5-year window is 23.62% — its NAV fell from a high on 16 Nov 2021 to a low on 17 Jun 2022. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Axis Innovation Fund - Direct Plan - Growth Option averaged 13.08% (best 14.18%, worst 12.13%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.43 — weak risk-adjusted performance.

In calendar year 2025, Axis Innovation Fund - Direct Plan - Growth Option returned 3.95% — lagging the Sectoral/Thematic Fund category average of 4.41% by 0.46 pp. It ranked #100 of 208 in its category that year.

Axis Innovation Fund - Direct Plan - Growth Option is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Axis Innovation Fund - Direct Plan - Growth Option is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 23.6%. 5-year CAGR: 12.88%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.