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: 8.95%.

Axis

Axis Innovation Fund - Direct Plan - IDCW

Latest NAV

₹18.1000

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	-0.44%	-0.04%	-0.40	191 / 249	Q4
1W	-0.60%	-0.15%	-0.45	191 / 249	Q4
2W	+2.14%	-0.61%	+2.76	19 / 251	Q1
1M	+5.29%	+1.14%	+4.15	26 / 251	Q1
3M	+7.61%	+3.90%	+3.71	69 / 251	Q2
6M	+0.00%	+2.59%	-2.59	152 / 243	Q3
YTD	-1.68%	+0.68%	-2.37	152 / 241	Q3
1Y	+0.11%	+2.39%	-2.28	140 / 229	Q3
2Y	-2.24%	+0.44%	-2.68	121 / 186	Q3
3Y	+9.57%	+11.53%	-1.96	101 / 151	Q3
4Y	+11.55%	+12.75%	-1.21	83 / 125	Q3
5Y	+8.95%	+9.05%	-0.10	72 / 113	Q3
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+11.22%	+10.06%	+1.16	125 / 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	-1.68%	+1.51%	-3.19	150 / 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

+10.82%

56 windows

min -13.9% · max 47.5%

61% positive

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

3-Year rolling

+13.61%

32 windows

min 8.4% · max 17.4%

100% positive

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

5-Year rolling

+9.67%

7 windows

min 8.2% · max 12.0%

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

15.06%

3-year · annualised

Sharpe ratio

0.25

vs risk-free 6.5%

Sortino ratio

0.36

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	₹17.4480	17 Jul 2026
NIPPON INDIA - JAPAN EQUITY FUND - DIRECT Plan - IDCW Option	Nippon India	₹30.5463	17 Jul 2026
SBI Automotive Opportunities Fund - Direct Plan - Income Distribution Cum Capital Withdrawal Option	SBI	₹12.5864	17 Jul 2026
ICICI Prudential Banking and Financial Services Fund - Direct Plan - IDCW	ICICI Prudential	₹70.0600	17 Jul 2026
Invesco India Business Cycle Fund - Direct Plan - IDCW	Invesco	₹14.5200	17 Jul 2026
Bandhan Business Cycle Fund - Direct Plan - IDCW	Bandhan	₹10.1960	17 Jul 2026
quant BFSI Fund - IDCW Option - Direct Plan	Quant	₹22.0968	17 Jul 2026
Aditya Birla Sun Life Banking and Financial Services Fund - DIRECT - IDCW	Aditya Birla Sun Life	₹32.1000	17 Jul 2026
Motilal Oswal Active Momentum Fund- Direct-IDCW	Motilal Oswal	₹13.5239	17 Jul 2026
Franklin India Multi-Factor Fund- Direct- IDCW	Franklin India	₹9.6426	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹18.1000
16 Jul 2026	₹18.1800
15 Jul 2026	₹18.3300
14 Jul 2026	₹18.0600
13 Jul 2026	₹18.1400
10 Jul 2026	₹18.2100
9 Jul 2026	₹18.0100
8 Jul 2026	₹17.7000
7 Jul 2026	₹17.8200
6 Jul 2026	₹17.8000

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 - IDCW is ₹18.1000. 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 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 - 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 0.11% — -2.28 pp behind the Sectoral/Thematic Fund category average of 2.39%. The fund ranks #140 of 229 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Axis Innovation Fund - Direct Plan - IDCW has delivered a CAGR of 9.57% — -1.96 pp behind the Sectoral/Thematic Fund category average of 11.53%. The fund ranks #101 of 151 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Axis Innovation Fund - Direct Plan - IDCW has delivered a CAGR of 8.95% — -0.1 pp behind the Sectoral/Thematic Fund category average of 9.05%. The fund ranks #72 of 113 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 ₹153,520 today — a multiplier of 1.54×, based on the 5-year CAGR of 8.95%. The category average over the same window would have grown ₹1 lakh to ₹154,217.

A ₹10,000 monthly SIP in Axis Innovation Fund - Direct Plan - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹732,568 today. That's an XIRR (money-weighted annualised return) of 7.92%.

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 ₹732,568 — XIRR 7.92%.

On a 5-year basis, Axis Innovation Fund - Direct Plan - IDCW ranks #72 out of 113 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 9.05%; this fund delivered 8.95%.

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 9.66% (best 12.05%, worst 8.23%). 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: 8.95%.

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