AN
Ashish NaikFund Manager Since 18 Dec 2020
EquityEquity - Other
Axis Innovation Fund Direct Growth
3Y Annualised
11.90%
-1.95% 1D
Fund Performance
Fund Multiplier
Fund Info
Peer Comparison
Fund Managers
AMC Details
Performance
Annualised
-7.81%
-1.95% 1D
Benchmark
Nifty 50 Index Fund
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
This Fund
6 years 2 months
NIFTY 50
6 years 4 months
FD
9 years 7 months
Fund info
Fund size
₹1157.43 Cr
Min. SIP amount
₹100
Min. Lumpsum amount
₹100
Exit load
0.01%
If redeemed / switched-out within 12 months - For 10% of investment: Nil , For remaining investment: 1%
Risk Profile
Very High Risk
Peer Comparison
This Fund's Performance Compared With Peers
Over the Period of oneMonth
Fund Managers
HD
Hitesh DasFund Manager Since 18 Dec 2020
About Axis Innovation Fund Direct Growth
Axis Innovation Fund Direct Growth is a Equity mutual fund scheme from Axis Asset Management Company Limited. This fund has been in existence for 4 years, having been launched on 2020-12-18. Axis Innovation Fund Direct Growth has ₹1157.43 Cr worth of assets under management (AUM) as of Tue Mar 11 2025. The latest Net Asset Value (NAV) of Axis Innovation Fund Direct Growth as of Mon Mar 10 2025 is ₹17.11. The fund has an expense ratio of 1.31%, which is medium comparable to most other Equity funds.
Axis Innovation Fund Direct Growth returns for the last 1 year are 7.88%. Since launch, it has delivered 13.56% average annual returns.
The Axis Innovation Fund Direct Growth has the majority of its money invested in Financial Services, Consumer Cyclical, Communication Services, Technology, Industrials, Basic Materials, Utilities sectors.
Top 5 Holdings of Axis Innovation Fund Direct Growth.
- ICICI Bank Ltd: 3.41%
- HDFC Bank Ltd: 3.35%
- Zomato Ltd: 2.75%
- Info Edge (India) Ltd: 2.40%
- Dixon Technologies (India) Ltd: 2.40%
AMC Information
| Name | Axis Asset Management Company Limited |
|---|---|
| Founding Date | 2020-12-18 |
| customerservice@axismf.com | |
| Phone | +91 22 43255161 |
| Website | www.axismf.com |
| Address | Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli, |
Tax Implications of Axis Innovation Fund Direct Growth
| Short Term Gains | 20% + applicable Surcharge + 4% Cess |
|---|---|
| Long Term Gains | 12.5% without indexation + applicable Surcharge + 4% Cess |
Similar Funds from Axis Asset Management Company Limited
Axis Gilt Fund Growth
Fixed IncomeGovernment Bond
3Y CAGR
6.75%
expense ratio
0.80%
fund size
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Axis Corporate Bond Fund Regular Growth
Fixed IncomeCorporate Bond
3Y CAGR
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expense ratio
0.91%
fund size
₹6132.90 Cr
Axis Small Cap Fund Regular Growth
EquitySmall-Cap
3Y CAGR
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expense ratio
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fund size
₹23139.08 Cr
Axis Equity Savings Fund Regular Plan Growth
AllocationEquity Savings
3Y CAGR
8.51%
expense ratio
2.26%
fund size
₹967.80 Cr
Axis Multi Asset Allocation Fund Direct Plan Growth Option
AllocationMulti Asset Allocation
3Y CAGR
8.91%
expense ratio
1.07%
fund size
₹1316.16 Cr
FAQs
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