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: 7.64%.

Axis

Axis Innovation Fund - Regular Plan - IDCW

Latest NAV

₹16.8800

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	-0.47%	-0.06%	-0.41	132 / 168	Q4
1W	-0.59%	-0.22%	-0.37	128 / 168	Q4
2W	+2.12%	-0.98%	+3.10	13 / 170	Q1
1M	+5.24%	+0.82%	+4.41	19 / 170	Q1
3M	+7.38%	+3.83%	+3.55	55 / 170	Q2
6M	-0.53%	+1.86%	-2.39	102 / 162	Q3
YTD	-2.26%	-0.06%	-2.19	105 / 160	Q3
1Y	-0.88%	+1.21%	-2.09	99 / 150	Q3
2Y	-3.21%	-0.78%	-2.43	76 / 109	Q3
3Y	+8.46%	+9.09%	-0.63	53 / 76	Q3
4Y	+10.29%	+9.79%	+0.49	39 / 58	Q3
5Y	+7.64%	+5.30%	+2.34	31 / 48	Q3
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+9.85%	+7.30%	+2.55	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	-2.26%	+1.20%	-3.46	105 / 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

+9.44%

56 windows

min -15.2% · max 45.9%

57% positive

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

3-Year rolling

+12.20%

32 windows

min 7.3% · max 15.8%

100% positive

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

5-Year rolling

+8.31%

7 windows

min 6.9% · max 10.6%

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

0.18

vs risk-free 6.5%

Sortino ratio

0.26

Downside-only deviation

Max drawdown

-28.43%

Sep 2024 → Mar 2026

% positive months

61.1%

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	₹11.1190	17 Jul 2026
Nippon India Active Momentum Fund- Regular Plan- IDCW Option	Nippon India	₹12.8415	17 Jul 2026
SBI Automotive Opportunities Fund - Regular Plan - Income Distribution Cum Capital Withdrawal Option	SBI	₹12.2938	17 Jul 2026
Invesco India Business Cycle Fund - Regular Plan - IDCW	Invesco	₹14.1900	17 Jul 2026
Bandhan Business Cycle Fund - Regular Plan - IDCW	Bandhan	₹9.9190	17 Jul 2026
quant BFSI Fund - IDCW Option - Regular Plan	Quant	₹21.0055	17 Jul 2026
Aditya Birla Sun Life Banking and Financial Services Fund - REGULAR - IDCW	Aditya Birla Sun Life	₹23.5200	17 Jul 2026
Motilal Oswal Active Momentum Fund - Regular- IDCW	Motilal Oswal	₹13.5064	17 Jul 2026
Mirae Asset Banking and Financial Services Fund Regular IDCW	Mirae Asset	₹21.9730	17 Jul 2026
Kotak Active Momentum Fund - Regular Plan - IDCW - Payout & Reinvestment	Kotak	₹10.6840	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹16.8800
16 Jul 2026	₹16.9600
15 Jul 2026	₹17.0900
14 Jul 2026	₹16.8500
13 Jul 2026	₹16.9200
10 Jul 2026	₹16.9800
9 Jul 2026	₹16.8000
8 Jul 2026	₹16.5100
7 Jul 2026	₹16.6300
6 Jul 2026	₹16.6000

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 - Regular Plan - IDCW is ₹16.8800. 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 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 - 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 -0.88% — -2.09 pp behind the Sectoral/Thematic Fund category average of 1.21%. The fund ranks #99 of 150 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Axis Innovation Fund - Regular Plan - IDCW has delivered a CAGR of 8.46% — -0.63 pp behind the Sectoral/Thematic Fund category average of 9.09%. The fund ranks #53 of 76 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Axis Innovation Fund - Regular Plan - IDCW has delivered a CAGR of 7.64% — +2.34 pp ahead of the Sectoral/Thematic Fund category average of 5.30%. The fund ranks #31 of 48 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 ₹144,520 today — a multiplier of 1.45×, based on the 5-year CAGR of 7.64%. The category average over the same window would have grown ₹1 lakh to ₹129,463.

A ₹10,000 monthly SIP in Axis Innovation Fund - Regular Plan - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹710,882 today. That's an XIRR (money-weighted annualised return) of 6.72%.

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 ₹710,882 — XIRR 6.72%.

On a 5-year basis, Axis Innovation Fund - Regular Plan - IDCW ranks #31 out of 48 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 5.30%; this fund delivered 7.64%.

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 8.31% (best 10.63%, worst 6.87%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.13 — 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: 7.64%.

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