Should I invest in Axis Innovation Fund?

We don't give personal investment advice. Axis Innovation Fund - Regular 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: 28.4%. 5-year CAGR: 7.36%.

Axis

Axis Innovation Fund - Regular Plan - IDCW

Latest NAV

₹15.8300

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

Add another fund to compare

No matches.

Compares up to 8 funds. Click any line in the legend above to hide/show it.

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	+0.64%	+0.26%	+0.38	38 / 168	Q1
1W	-0.50%	-1.38%	+0.88	37 / 168	Q1
2W	+1.41%	-0.76%	+2.17	48 / 170	Q2
1M	-1.43%	-1.31%	-0.13	108 / 170	Q3
3M	-1.62%	+0.23%	-1.85	109 / 168	Q3
6M	-9.39%	-4.26%	-5.12	126 / 160	Q4
YTD	-8.34%	-4.32%	-4.02	119 / 160	Q3
1Y	-3.94%	+0.77%	-4.72	104 / 146	Q3
2Y	-2.32%	+0.22%	-2.53	77 / 104	Q3
3Y	+8.13%	+9.45%	-1.32	46 / 69	Q3
4Y	+8.18%	+8.63%	-0.45	40 / 56	Q3
5Y	+7.36%	+4.66%	+2.70	29 / 46	Q3
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+8.79%	+5.31%	+3.47	75 / 170	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	-8.34%	-3.11%	-5.23	119 / 158
2025	-6.34%	-0.40%	-5.95	103 / 129
2024	+27.94%	+19.58%	+8.36	16 / 84
2023	+23.63%	+28.75%	-5.13	39 / 62
2022	-13.27%	+0.21%	-13.48	45 / 54
2021	+33.30%	+28.31%	+4.99	15 / 43
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

+9.72%

55 windows

min -14.8% · max 42.4%

56% positive

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

3-Year rolling

+11.99%

30 windows

min 4.0% · max 15.7%

100% positive

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

5-Year rolling

+8.73%

6 windows

min 6.5% · max 11.5%

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

15.46%

3-year · annualised

Sharpe ratio

0.17

vs risk-free 6.5%

Sortino ratio

0.24

Downside-only deviation

Max drawdown

-28.43%

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 INNOVATION FUND - IDCW - REGULAR PLAN	HDFC	₹10.4050	3 Jun 2026
Nippon India Active Momentum Fund- Regular Plan- IDCW Option	Nippon India	₹12.0306	3 Jun 2026
SBI Automotive Opportunities Fund - Regular Plan - Income Distribution Cum Capital Withdrawal Option	SBI	₹11.4968	3 Jun 2026
Invesco India Business Cycle Fund - Regular Plan - IDCW	Invesco	₹13.0300	3 Jun 2026
Bandhan Business Cycle Fund - Regular Plan - IDCW	Bandhan	₹9.3840	3 Jun 2026
quant BFSI Fund - IDCW Option - Regular Plan	Quant	₹19.3086	3 Jun 2026
Aditya Birla Sun Life Banking and Financial Services Fund - REGULAR - IDCW	Aditya Birla Sun Life	₹21.5800	3 Jun 2026
Motilal Oswal Active Momentum Fund - Regular- IDCW	Motilal Oswal	₹13.3125	3 Jun 2026
Mirae Asset Banking and Financial Services Fund Regular IDCW	Mirae Asset	₹20.1370	3 Jun 2026
Kotak Active Momentum Fund - Regular Plan - IDCW - Payout & Reinvestment	Kotak	₹10.2820	3 Jun 2026

Recent NAVs

Date	NAV
2 Jun 2026	₹15.8300
1 Jun 2026	₹15.7300
31 May 2026	₹15.8700
29 May 2026	₹15.8700
27 May 2026	₹16.0100
26 May 2026	₹15.9100
25 May 2026	₹15.8000
22 May 2026	₹15.7300
21 May 2026	₹15.7400
20 May 2026	₹15.7300

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 - Regular Plan - IDCW is ₹15.8300. It's a Sectoral/Thematic Fund from Axis, run as a Regular plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Axis Innovation Fund - Regular 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 - Regular 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 - Regular Plan - IDCW has delivered a absolute return of -3.94% — -4.72 pp behind the Sectoral/Thematic Fund category average of 0.77%. The fund ranks #104 of 146 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Axis Innovation Fund - Regular Plan - IDCW has delivered a CAGR of 8.13% — -1.32 pp behind the Sectoral/Thematic Fund category average of 9.45%. The fund ranks #46 of 69 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Axis Innovation Fund - Regular Plan - IDCW has delivered a CAGR of 7.36% — +2.7 pp ahead of the Sectoral/Thematic Fund category average of 4.66%. The fund ranks #29 of 46 in its category — the third (Q3) quartile.

₹1 lakh invested in Axis Innovation Fund - Regular Plan - IDCW exactly 5 years ago would be worth approximately ₹142,613 today — a multiplier of 1.43×, based on the 5-year CAGR of 7.36%. The category average over the same window would have grown ₹1 lakh to ₹125,576.

A ₹10,000 monthly SIP in Axis Innovation Fund - Regular Plan - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹674,418 today. That's an XIRR (money-weighted annualised return) of 4.62%.

Axis Innovation Fund - Regular 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 ₹674,418 — XIRR 4.62%.

On a 5-year basis, Axis Innovation Fund - Regular Plan - IDCW ranks #29 out of 46 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 4.66%; this fund delivered 7.36%.

The worst peak-to-trough decline Axis Innovation Fund - Regular Plan - IDCW has experienced over the last 5-year window is 28.43% — 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 - Regular Plan - IDCW averaged 8.73% (best 11.51%, worst 6.52%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.12 — weak risk-adjusted performance.

In calendar year 2025, Axis Innovation Fund - Regular Plan - IDCW returned -6.34% — lagging the Sectoral/Thematic Fund category average of -0.40% by 5.95 pp. It ranked #103 of 129 in its category that year.

Axis Innovation Fund - Regular 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 - Regular 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: 28.4%. 5-year CAGR: 7.36%.

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