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Axis Innovation Fund Direct Growth
+16.78%
3Y annualised
+0.10% 1D
NAV: 09 Apr '26
₹19.08
Min. for SIP
₹100
Fund size (AUM)
₹1,039.28 Cr
Expense ratio
1.28%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 6 months | ₹30,000 | ₹29,296 | -2.35% | |
| 1 year | ₹60,000 | ₹58,771 | -2.05% | |
| 3 years | ₹1,80,000 | ₹2,00,975 | +11.65% | |
| 5 years | ₹3,00,000 | ₹3,87,256 | +29.09% |
Holdings (76)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Eternal Ltd. | Services | Equity | 5.31% |
| Billionbrains Garage Ventures Ltd. | Financial | Equity | 4.22% |
| One97 Communications Ltd. | Services | Equity | 3.44% |
| Lenskart Solutions Ltd. | Consumer Discretionary | Equity | 2.89% |
| Aether Industries Ltd. | Chemicals | Equity | 2.81% |
| FSN E-Commerce Ventures Ltd. | Services | Equity | 2.69% |
| Info Edge (India) Ltd. | Services | Equity | 2.51% |
| PB Fintech Ltd. | Services | Equity | 2.47% |
| Affle 3I Ltd. | Technology | Equity | 2.44% |
| BlackBuck Ltd. | Services | Equity | 2.40% |
| Ather Energy Ltd. | Automobile | Equity | 2.39% |
| Jain Resource Recycling Ltd. | Metals & Mining | Equity | 2.23% |
| GE Vernova T&D India Ltd | Capital Goods | Equity | 2.18% |
| Delhivery Ltd. | Services | Equity | 2.03% |
| Bajaj Finserv Ltd. | Financial | Equity | 1.95% |
| PTC Industries Ltd. | Metals & Mining | Equity | 1.95% |
| Pidilite Industries Ltd. | Chemicals | Equity | 1.92% |
| Linde India Ltd. | Chemicals | Equity | 1.92% |
| Bharti Airtel Ltd. | Communication | Equity | 1.88% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 1.84% |
| Bharat Electronics Ltd. | Capital Goods | Equity | 1.78% |
| Sona BLW Precision Forgings Ltd. | Automobile | Equity | 1.76% |
| Sai Life Sciences Ltd. | Healthcare | Equity | 1.69% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 1.65% |
| Swiggy Ltd. | Services | Equity | 1.62% |
| Sagility Ltd. | Services | Equity | 1.62% |
| Capillary Technologies India Ltd. | Technology | Equity | 1.61% |
| Meesho Ltd. | Services | Equity | 1.53% |
| Siemens Ltd. | Capital Goods | Equity | 1.51% |
| Nifty Bank | Financial | ID | 1.46% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Equity | 1.42% |
| Neogen Chemicals Ltd. | Chemicals | Equity | 1.34% |
| Tenneco Clean Air India Ltd | Automobile | Equity | 1.31% |
| Jyoti CNC Automation Ltd. | Capital Goods | Equity | 1.28% |
| Broadcom Corporation (USA) | Capital Goods | Forgn. Eq | 1.26% |
| Taiwan Semiconductor Manufacturing Company Ltd. - ADR | Technology | ADS/ADR | 1.19% |
| Go Digit General Insurance Ltd. | Insurance | Equity | 1.17% |
| Urban Company Ltd. | Consumer Staples | Equity | 1.17% |
| Siemens Energy India Ltd. | Energy | Equity | 1.11% |
| Dixon Technologies (India) Ltd. | Capital Goods | Equity | 1.11% |
| Wakefit Innovations Ltd. | Consumer Discretionary | Equity | 1.07% |
| Alphabet Inc Class A | Services | Forgn. Eq | 0.99% |
| Pine Labs Ltd. | Financial | Equity | 0.98% |
| TBO Tek Ltd. | Services | Equity | 0.97% |
| Microsoft Corportion (US) | Technology | Forgn. Eq | 0.96% |
| Meta Platforms Inc | Services | Forgn. Eq | 0.88% |
| Amazon. com Inc. (USA) | Services | Forgn. Eq | 0.86% |
| Honeywell Automation India Ltd. | Capital Goods | Equity | 0.83% |
| NVIDIA Corporation (USA) | Capital Goods | Forgn. Eq | 0.81% |
| ASML Holding N.V. - ADS/ADR | Capital Goods | ADS/ADR | 0.77% |
| Advanced Micro Devices Inc | Capital Goods | Forgn. Eq | 0.69% |
| WeWork India Management Ltd. | Services | Equity | 0.58% |
| Visa Inc | Financial | Forgn. Eq | 0.53% |
| Ellenbarrie Industrial Gases Ltd. | Chemicals | Equity | 0.51% |
| Reserve Bank of India | Financial | T-Bills | 0.48% |
| Arista Networks Inc | Communication | Forgn. Eq | 0.47% |
| Trent Ltd. | Services | Equity | 0.47% |
| NetFlix Inc. (USA) | Services | Forgn. Eq | 0.46% |
| ideaForge Technology Ltd. | Capital Goods | Equity | 0.44% |
| MakeMy Trip Ltd. | Services | Forgn. Eq | 0.43% |
| Carborundum Universal Ltd. | Metals & Mining | Equity | 0.42% |
| Eli Lilly And Co | Healthcare | Forgn. Eq | 0.41% |
| Boston Scientific Corp | Healthcare | Forgn. Eq | 0.38% |
| SharkNinja Inc | Consumer Discretionary | Forgn. Eq | 0.34% |
| Motorola Solutions Inc | Communication | Forgn. Eq | 0.34% |
| TJX Companies Inc | Services | Forgn. Eq | 0.33% |
| eBay Inc. (USA) | Services | Forgn. Eq | 0.32% |
| Booking Holdings Inc | Services | Forgn. Eq | 0.32% |
| Spotify Technology S.A. - ADR | Services | Forgn. Eq | 0.27% |
| MercadoLibre Inc | Services | Forgn. Eq | 0.24% |
| Amer Sports Inc | Services | Forgn. Eq | 0.22% |
| Cadence Design Systems Inc. | Technology | Forgn. Eq | 0.21% |
| Salesforce Com. | Technology | Forgn. Eq | 0.20% |
| Blue Dart Express Ltd. | Services | Equity | 0.20% |
| ServiceNow Inc | Technology | Forgn. Eq | 0.13% |
| Sea Limited - ADR | Technology | ADS/ADR | 0.07% |
See All
Minimum investments
Min. for 1st investment
₹100
Min. for 2nd investment
₹100
Min. for SIP
₹100
Returns and rankings
Annualised returns
Absolute returns
| Name | 1Y | 3Y | 5Y | All |
|---|---|---|---|---|
| Fund returns | +13.0% | +16.8% | +12.3% | +13.0% |
| Category average (Equity Thematic) | -1.5% | -- | -- | -- |
| Rank (Equity Thematic) | 4 | 1 | 1 | -- |
Exit load, stamp duty and tax
Exit load
Exit Load for units in excess of 20% of the investment,1% will be charged for redemption within 12 months.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Check past data
Fund management
ANAshish NaikDec 2020 - PresentView details
AN
Ashish Naik
Dec 2020 - Present
View details
KNKrishnaa NarayanMar 2024 - PresentView details
KN
Krishnaa Narayan
Mar 2024 - Present
View details
About Axis Innovation Fund Direct Growth
Axis Innovation Fund Direct Growth is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Ashish Naik is the Current Fund Manager of Axis Innovation Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹3,66,904 Cr and the Latest NAV as of 09 Apr 2026 is ₹19.08.
The Axis Innovation Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. Exit Load for units in excess of 20% of the investment,1% will be charged for redemption within 12 months.
;
Investment Objective
The scheme seeks to generate long-term capital appreciation by investing in mis-priced stocks facing special situations. The mis-pricing of stocks can occur due to companies facing special situations like regulatory/policy changes, management restructuring, technology led disruption and innovation or any temporary challenges in the operating environment.;
Fund benchmarkNIFTY 500 Total Return Index
Fund house
Rank (total assets)#7 in India
Total AUM₹3,66,904.00 Cr
Date of Incorporation04 Sep 2009
Launch Date04 Sep 2009
Address23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,