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: 12.62%.

Axis

Axis Innovation Fund - Direct Plan - Growth Option

Latest NAV

₹20.2500

As of

2 Jun 2026

1,342 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	+0.65%	+0.27%	+0.38	55 / 258	Q1
1W	-0.49%	-1.34%	+0.85	55 / 258	Q1
2W	+1.45%	+0.04%	+1.42	68 / 259	Q2
1M	-1.32%	-0.39%	-0.93	161 / 259	Q3
3M	+7.20%	+2.19%	+5.01	55 / 257	Q1
6M	-1.03%	-1.09%	+0.07	108 / 247	Q2
YTD	+0.05%	-1.30%	+1.35	96 / 247	Q2
1Y	+5.41%	+5.02%	+0.40	95 / 230	Q2
2Y	+7.79%	+5.50%	+2.29	56 / 182	Q2
3Y	+15.95%	+16.94%	-0.99	75 / 139	Q3
4Y	+14.41%	+16.57%	-2.16	80 / 119	Q3
5Y	+12.62%	+13.73%	-1.11	69 / 109	Q3
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+13.81%	+10.45%	+3.36	114 / 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	+0.05%	-0.94%	+0.98	95 / 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

+13.62%

55 windows

min -13.5% · max 43.8%

82% positive

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

3-Year rolling

+15.52%

30 windows

min 8.6% · max 19.6%

100% positive

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

5-Year rolling

+13.13%

6 windows

min 11.7% · max 15.1%

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

13.36%

3-year · annualised

Sharpe ratio

0.69

vs risk-free 6.5%

Sortino ratio

1.19

Downside-only deviation

Max drawdown

-19.42%

Sep 2024 → Apr 2025

% positive months

66.7%

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	₹18.0340	3 Jun 2026
Nippon India Active Momentum Fund-Direct Plan - Growth Option	Nippon India	₹12.1791	3 Jun 2026
SBI Automotive Opportunities Fund - Direct Plan - Growth	SBI	₹11.7563	3 Jun 2026
ICICI Prudential Active Momentum Fund - Direct Plan - Growth	ICICI Prudential	₹10.6800	3 Jun 2026
Invesco India Business Cycle Fund - Direct Plan - Growth	Invesco	₹13.3000	3 Jun 2026
Bandhan Business Cycle Fund - Direct Plan - Growth	Bandhan	₹9.6290	3 Jun 2026
quant BFSI Fund - Growth Option - Direct Plan	Quant	₹20.2506	3 Jun 2026
QUANTUM ESG BEST IN CLASS STRATEGY FUND - DIRECT PLAN - GROWTH OPTION	Quantum	₹23.5100	3 Jun 2026
Aditya Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth	Aditya Birla Sun Life	₹66.7400	3 Jun 2026
Motilal Oswal Active Momentum Fund- Direct-Growth	Motilal Oswal	₹13.3284	3 Jun 2026

Recent NAVs

Date	NAV
2 Jun 2026	₹20.2500
1 Jun 2026	₹20.1200
31 May 2026	₹20.2900
29 May 2026	₹20.2900
27 May 2026	₹20.4800
26 May 2026	₹20.3500
25 May 2026	₹20.2000
22 May 2026	₹20.1100
21 May 2026	₹20.1300
20 May 2026	₹20.1100

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 02 Jun 2026, the NAV of Axis Innovation Fund - Direct Plan - Growth Option is ₹20.2500. 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 5 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 5.41% — +0.4 pp ahead of the Sectoral/Thematic Fund category average of 5.02%. The fund ranks #95 of 230 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 15.95% — -0.99 pp behind the Sectoral/Thematic Fund category average of 16.94%. The fund ranks #75 of 139 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 12.62% — -1.11 pp behind the Sectoral/Thematic Fund category average of 13.73%. The fund ranks #69 of 109 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 ₹181,127 today — a multiplier of 1.81×, based on the 5-year CAGR of 12.62%. The category average over the same window would have grown ₹1 lakh to ₹190,234.

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 ₹813,969 today. That's an XIRR (money-weighted annualised return) of 12.14%.

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 ₹813,969 — XIRR 12.14%.

On a 5-year basis, Axis Innovation Fund - Direct Plan - Growth Option ranks #69 out of 109 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 13.73%; this fund delivered 12.62%.

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 13.13% (best 15.10%, worst 11.75%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.45 — 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: 12.62%.

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