GMP IPO Watch
Equity Scheme - Sectoral/ Thematic
Axis Innovation Fund
Direct Plan · IDCW Option · Axis Mutual Fund
Risk: Very High Risk
52W Low ₹14.88 30 Mar 2026
52W High ₹19.94 22 Sept 2026
₹19.1100
NAV as of 4 Nov 2026
+1.43% day change
Other Plans of This Fund
ISININF846K01X89
Scheme Code148632
StructureOpen Ended Schemes
Fund HouseAxis Asset Management Co. Ltd.
AUM (avg. July - September 2026)₹1.49 Cr
Expense Ratio (as of 3 Nov 2026)1.36%
Min. InvestmentRs. 100 and in multiples of Re. 1/- thereafter
Inception Date4 Dec 2020
BenchmarkNIFTY 500 TRI
Portfolio Turnover72.44%
NFO Period04 Dec 2020 – 18 Dec 2020
Returns
1Y
+0.97%
3Y
+10.99%
5Y
+6.61%
Since Inception
+11.38%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +1.62% | +3.52% | 234 of 255 |
| 1M | -0.79% | +1.97% | 228 of 255 |
| 3M | +0.80% | -3.45% | 27 of 252 |
| 6M | +10.82% | +2.92% | 45 of 251 |
| YTD | +2.34% | +1.21% | 44 of 255 |
| 1Y | +0.97% | +1.11% | 43 of 232 |
| 2Y | -0.96% | +2.39% | 37 of 187 |
| 3Y | +10.99% | +12.36% | 39 of 142 |
| 5Y | +6.61% | +9.81% | 57 of 102 |
| INCEPTION | +11.38% | — | — |
Ranked among: Equity Scheme - Sectoral/ Thematic.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +3.22% | +19.71% | -23.29% | 64% | 25% |
| 6M | +6.10% | +35.82% | -24.02% | 65% | 26% |
| 1Y | +10.29% | +47.98% | -14.82% | 60% | 25% |
| 2Y | +11.38% | +30.50% | -4.54% | 87% | 38% |
| 3Y | +13.26% | +18.20% | +5.07% | 100% | 45% |
| 5Y | +9.24% | +13.01% | +5.51% | 100% | 43% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity92.00%
- Debt0.37%
- Cash6.42%
- Other1.21%
Market Cap Split
- Large Cap15.44%
- Mid Cap28.27%
- Small Cap34.88%
- Others21.41%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 44.60 | 28.09 |
| P/B | 7.85 | 4.63 |
| Price / Sales | 6.40 | 3.31 |
| Price / Cash Flow | 32.24 | 21.08 |
| Dividend Yield (%) | 0.18 | 1.16 |
Holdings78
Top 5 Stocks17.68%
Top 10 Stocks29.64%
Top 3 Sectors32.25%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| Clearing Corporation of India Ltd | Net Current Assets | 6.87% | — |
| Eternal | Retailing | 4.97% | -0.31% |
| One 97 Communications | Financial Technology (Fintech) | 3.63% | -0.50% |
| Ather Energy | Automobiles | 3.18% | -0.60% |
| Lenskart Solutions | Retailing | 3.07% | +0.14% |
| Nykaa | Retailing | 2.83% | -0.22% |
| Aether Industries | Chemicals & Petrochemicals | 2.72% | +0.05% |
| Meesho | Retailing | 2.40% | +0.26% |
| Groww | Capital Markets | 2.32% | -1.10% |
| Sona BLW Precision Forgings | Auto Components | 2.29% | +0.07% |
| PTC Industries | Industrial Products | 2.23% | +0.04% |
| Indo-MIM | Industrial Manufacturing | 2.11% | +0.64% |
| Affle 3i | IT - Services | 1.97% | -0.08% |
| Black Buck | Transport Services | 1.95% | +0.07% |
| Siemens | Electrical Equipment | 1.94% | -0.13% |
View all 80 holdings
| Neogen Chemicals | Chemicals & Petrochemicals | 1.90% | +0.72% |
| Sai Life Sciences | Pharmaceuticals & Biotechnology | 1.87% | -0.06% |
| Capillary Technologies | IT - Software | 1.74% | +0.22% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 1.72% | -0.51% |
| Wakefit Innovations | Consumer Durables | 1.68% | -0.01% |
| PI Industries | Fertilizers & Agrochemicals | 1.66% | +0.09% |
| Urban Company | Retailing | 1.60% | -0.08% |
| Bajaj Finserv | Finance | 1.60% | -0.24% |
| Pidilite Industries | Chemicals & Petrochemicals | 1.55% | -0.21% |
| Jain Resource Recycling | Diversified Metals | 1.53% | +0.10% |
| Nvidia Corp Com | Semiconductors | 1.50% | +0.08% |
| Info Edge | Retailing | 1.43% | -1.17% |
| PB FinTech | Financial Technology (Fintech) | 1.42% | -1.05% |
| Delhivery | Transport Services | 1.42% | -0.09% |
| GE Vernova T&D | Electrical Equipment | 1.38% | -0.06% |
| Linde | Chemicals & Petrochemicals | 1.37% | +0.00% |
| Kusumgar | Textiles & Apparels | 1.35% | +0.06% |
| Bharat Electronics | Aerospace & Defense | 1.34% | -0.07% |
| Sagility | IT - Services | 1.33% | -0.12% |
| Swiggy | Retailing | 1.33% | -0.15% |
| Pine Labs | Financial Technology (Fintech) | 1.31% | +0.07% |
| TBO Tek | Leisure Services | 1.19% | -0.03% |
| Taiwan Semiconductor Sp ADR | Semiconductors | 1.19% | +0.13% |
| Siemens Energy | Electrical Equipment | 1.07% | +0.00% |
| Microsoft Corp | Systems Software | 1.05% | +0.03% |
| Bosch | Auto Components | 0.95% | -0.05% |
| Alphabet Inc A | Interactive Media & Services | 0.93% | +0.03% |
| Dhoot Transmission | Auto Components | 0.89% | +0.23% |
| Rubicon Research | Pharmaceuticals & Biotechnology | 0.88% | +0.18% |
| Honeywell Automation | Industrial Manufacturing | 0.82% | -0.04% |
| Amazon Com Inc | Broadline Retail | 0.79% | -0.02% |
| Meta Platforms Registered Shares A | Interactive Media & Services | 0.77% | +0.18% |
| Ellenbarrie Industrial Gases | Chemicals & Petrochemicals | 0.72% | +0.08% |
| Dixon Technologies | Consumer Durables | 0.71% | -0.09% |
| Tenneco Clean Air | Auto Components | 0.68% | -0.02% |
| Broadcom Inc | Semiconductors | 0.65% | -0.02% |
| OnEMI Technology Solutions | Finance | 0.64% | — |
| Anthem Biosciences | Pharmaceuticals & Biotechnology | 0.62% | -0.01% |
| ASML Holding NV | Semiconductor Materials & Equipment | 0.61% | +0.05% |
| Apple Inc | Technology Hardware, Storage & Peripherals | 0.57% | +0.03% |
| Carborundum Universal | Industrial Products | 0.52% | +0.06% |
| Arista Networks Inc | Communications Equipment | 0.50% | +0.02% |
| SharkNinja INC | Household Appliances | 0.45% | -0.02% |
| MAKEMYTRIP LTD | Hotels, Resorts & Cruise Lines | 0.43% | -0.09% |
| SAMSUNG ELECTRONICS - GDR | Technology Hardware, Storage & Peripherals | 0.43% | +0.02% |
| Advanced Micro Devices Inc | Semiconductors | 0.41% | +0.10% |
| VEEVA SYSTEMS INC | Equity | 0.38% | +0.01% |
| 91TB121126 | Money Market | 0.37% | +0.01% |
| Jyoti CNC Automation | Industrial Manufacturing | 0.35% | -0.78% |
| Ebay Inc | Broadline Retail | 0.31% | +0.02% |
| Lumentum Holdings Inc | Communications Equipment | 0.27% | +0.02% |
| Roku Inc | Movies & Entertainment | 0.26% | +0.00% |
| MercadoLibre Inc | Broadline Retail | 0.24% | -0.03% |
| Sea Ltd | Broadline Retail | 0.23% | -0.03% |
| Visa Inc | Transaction & Payment Processing Services | 0.22% | -0.01% |
| TJX ORD | Apparel Retail | 0.21% | +0.00% |
| KLA Corporation | Semiconductor Materials & Equipment | 0.21% | +0.03% |
| Oracle Corporation | Systems Software | 0.21% | -0.01% |
| Vertiv Holdings Co | Electrical Components & Equipment | 0.20% | -0.02% |
| Spotify Technology SA | Movies & Entertainment | 0.20% | -0.02% |
| Monster Beverage Corp | Soft Drinks & Non-alcoholic Beverages | 0.19% | -0.02% |
| Cyient DLM | Aerospace & Defense | 0.16% | — |
| Blue Dart Express | Transport Services | 0.15% | +0.00% |
| Syngene International | Equity | 0.10% | — |
| Net Receivables / (Payables) | Net Current Assets | -0.45% | — |
Sector Allocation · Sep 2026
View all 36 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 16.55 | 16.32 | High Volatility |
| 3Y | 15.14 | 16.10 | Low Volatility |
| 5Y | 14.97 | 15.67 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.14 | -0.32 | Above Average |
| 3Y | 0.38 | -0.45 | Above Average |
| 5Y | 0.12 | 0.29 | Below Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.19 | 0.19 | Below Average |
| 3Y | 1.02 | 1.14 | Below Average |
| 5Y | 0.68 | 0.96 | Below Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Nippon India Taiwan Equity Fund
Regular Plan · IDCW option
|
+59.64% | +47.37% | — | +23.17% |
|
HDFC Pharma and Healthcare Fund
Direct Plan · IDCW Option
|
+25.51% | +31.04% | — | +30.18% |
|
Kotak Healthcare Fund
Regular Plan · IDCW Option
|
+23.57% | — | — | +20.10% |
|
SBI Automotive Opportunities Fund
Direct Plan · IDCW
|
+22.37% | — | — | +11.34% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+21.28% | +24.36% | +16.89% | +22.00% |
|
ICICI Prudential US Bluechip Equity Fund
Regular Plan · IDCW
|
+20.32% | +18.33% | +12.09% | +15.77% |
|
PGIM India Healthcare Fund
Direct Plan · Direct IDCW
|
+20.03% | — | — | +11.89% |
|
Nippon India Japan Equity Fund
Regular Plan · Bonus Option
|
+18.89% | +19.86% | +8.28% | +8.45% |
|
HDFC Defence Fund
Regular Plan · IDCW Option
|
+18.80% | +34.56% | — | +36.67% |
|
HSBC India Export Opportunities Fund
Direct Plan · Growth
|
+18.74% | — | — | +9.24% |
More From Axis Asset Management Co. Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
| Axis Silver ETF | +26.40% | +35.94% | — | +33.11% |
|
Axis Silver Fund of Fund
Direct Plan · Growth Option
|
+25.78% | +35.80% | — | +33.62% |
|
Axis Gold Fund
Direct Plan · Growth option
|
+16.88% | +30.78% | +23.12% | +10.32% |
| Axis Gold ETF | +16.64% | +30.81% | +23.30% | +11.67% |
|
Axis NASDAQ 100 US Specific Equity Passive FOF
Direct Plan · IDCW Option
|
+15.62% | +27.97% | — | +30.61% |
| Axis NIFTY Healthcare ETF | +13.26% | +21.08% | +14.40% | +13.81% |
|
Axis Global Equity Alpha Fund of Fund
Direct Plan · Growth Option
|
+13.25% | +22.73% | +13.92% | +16.86% |
|
Axis India Manufacturing Fund
Direct Plan · IDCW Option
|
+13.04% | — | — | +18.81% |
|
Axis Global Innovation Fund of Fund
Direct Plan · IDCW Option
|
+9.94% | +22.97% | +11.52% | +12.36% |
|
Axis Nifty Smallcap 50 Index Fund
Direct Plan · IDCW Option
|
+8.53% | +16.64% | — | +16.76% |
About This Scheme
Investment Objective
To generate long term capital appreciation by investing in equity & equity related securities of companies that are benefiting from innovative change (innovators, enablers, adaptors) However, there is no assurance that the investment objective of the Scheme will be achieved
Stated Asset Allocation
Equity & Equity related instruments of Innovation theme - (80%-100%) Other Equity and Equity related instruments - (0%-20%), Debt & Money Market Instruments - (0%-20%),Units issued by InvITs - (0%-10%)
Exit Load
If redeemed / switched-out within 12 months - For 10% of investment: Nil on FIFO basis For remaining investment: 1% w.e.f.,24/12/2020
Fund Managers
Mr. Ashish Naik, Ms. Krishnaa N
Mr. Ashish Naik - Comanage/Domestic Equities, Ms. Krishnaa N - Foreign Securities
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Axis Asset Management Co. Ltd. website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.