Should I invest in Axis Innovation Fund?

We don't give personal investment advice. Axis Innovation Fund - Direct Plan - IDCW 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: 27.3%. 5-year CAGR: 8.69%.

Axis

Axis Innovation Fund - Direct Plan - IDCW

Latest NAV

₹16.9600

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	49 / 249	Q1
1W	-0.47%	-1.33%	+0.86	53 / 249	Q1
2W	+1.50%	-0.44%	+1.93	66 / 251	Q2
1M	-1.34%	-0.98%	-0.36	154 / 251	Q3
3M	-1.28%	+0.91%	-2.19	156 / 249	Q3
6M	-8.87%	-3.35%	-5.51	183 / 241	Q4
YTD	-7.88%	-3.40%	-4.48	175 / 241	Q3
1Y	-2.97%	+2.11%	-5.09	162 / 225	Q3
2Y	-1.36%	+1.79%	-3.14	121 / 181	Q3
3Y	+9.30%	+12.30%	-3.01	99 / 142	Q3
4Y	+9.45%	+11.74%	-2.30	90 / 122	Q3
5Y	+8.69%	+8.93%	-0.24	74 / 111	Q3
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+10.16%	+8.52%	+1.64	123 / 251	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	-7.88%	-2.64%	-5.23	173 / 237
2025	-5.39%	+1.49%	-6.88	169 / 204
2024	+29.08%	+20.10%	+8.99	30 / 158
2023	+25.50%	+30.21%	-4.71	82 / 131
2022	-11.97%	+1.48%	-13.45	102 / 119
2021	+35.25%	+31.54%	+3.71	41 / 106
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

+11.10%

55 windows

min -13.5% · max 43.8%

60% positive

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

3-Year rolling

+13.40%

30 windows

min 5.3% · max 17.3%

100% positive

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

5-Year rolling

+10.10%

6 windows

min 7.9% · max 12.9%

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

15.45%

3-year · annualised

Sharpe ratio

0.23

vs risk-free 6.5%

Sortino ratio

0.34

Downside-only deviation

Max drawdown

-27.34%

Sep 2024 → Mar 2026

% 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 - IDCW Option - Direct Plan	HDFC	₹15.9390	3 Jun 2026
NIPPON INDIA - JAPAN EQUITY FUND - DIRECT Plan - IDCW Option	Nippon India	₹31.2458	3 Jun 2026
SBI Automotive Opportunities Fund - Direct Plan - Income Distribution Cum Capital Withdrawal Option	SBI	₹11.7560	3 Jun 2026
ICICI Prudential Banking and Financial Services Fund - Direct Plan - IDCW	ICICI Prudential	₹64.9400	3 Jun 2026
Invesco India Business Cycle Fund - Direct Plan - IDCW	Invesco	₹13.3100	3 Jun 2026
Bandhan Business Cycle Fund - Direct Plan - IDCW	Bandhan	₹9.6290	3 Jun 2026
quant BFSI Fund - IDCW Option - Direct Plan	Quant	₹20.2732	3 Jun 2026
Aditya Birla Sun Life Banking and Financial Services Fund - DIRECT - IDCW	Aditya Birla Sun Life	₹29.4200	3 Jun 2026
Motilal Oswal Active Momentum Fund- Direct-IDCW	Motilal Oswal	₹13.3281	3 Jun 2026
Franklin India Multi-Factor Fund- Direct- IDCW	Franklin India	₹9.3581	3 Jun 2026

Recent NAVs

Date	NAV
2 Jun 2026	₹16.9600
1 Jun 2026	₹16.8500
31 May 2026	₹17.0000
29 May 2026	₹17.0000
27 May 2026	₹17.1500
26 May 2026	₹17.0400
25 May 2026	₹16.9200
22 May 2026	₹16.8400
21 May 2026	₹16.8600
20 May 2026	₹16.8400

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 - IDCW is ₹16.9600. It's a Sectoral/Thematic Fund from Axis, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Axis Innovation Fund - Direct Plan - IDCW 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 - IDCW 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 - IDCW has delivered a absolute return of -2.97% — -5.09 pp behind the Sectoral/Thematic Fund category average of 2.11%. The fund ranks #162 of 225 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Axis Innovation Fund - Direct Plan - IDCW has delivered a CAGR of 9.30% — -3.01 pp behind the Sectoral/Thematic Fund category average of 12.30%. The fund ranks #99 of 142 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Axis Innovation Fund - Direct Plan - IDCW has delivered a CAGR of 8.69% — -0.24 pp behind the Sectoral/Thematic Fund category average of 8.93%. The fund ranks #74 of 111 in its category — the third (Q3) quartile.

₹1 lakh invested in Axis Innovation Fund - Direct Plan - IDCW exactly 5 years ago would be worth approximately ₹151,699 today — a multiplier of 1.52×, based on the 5-year CAGR of 8.69%. The category average over the same window would have grown ₹1 lakh to ₹153,347.

A ₹10,000 monthly SIP in Axis Innovation Fund - Direct Plan - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹695,558 today. That's an XIRR (money-weighted annualised return) of 5.84%.

Axis Innovation Fund - Direct Plan - IDCW doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹695,558 — XIRR 5.84%.

On a 5-year basis, Axis Innovation Fund - Direct Plan - IDCW ranks #74 out of 111 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 8.93%; this fund delivered 8.69%.

The worst peak-to-trough decline Axis Innovation Fund - Direct Plan - IDCW has experienced over the last 5-year window is 27.34% — its NAV fell from a high on 23 Sep 2024 to a low on 30 Mar 2026. 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 - IDCW averaged 10.10% (best 12.94%, worst 7.85%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.20 — weak risk-adjusted performance.

In calendar year 2025, Axis Innovation Fund - Direct Plan - IDCW returned -5.39% — lagging the Sectoral/Thematic Fund category average of 1.49% by 6.88 pp. It ranked #169 of 204 in its category that year.

Axis Innovation Fund - Direct Plan - IDCW 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 - IDCW 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: 27.3%. 5-year CAGR: 8.69%.

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