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Showing Funds Performance since Sep 07, 2020
Fund Overview
Min. investment
SIP ₹100 & Lump. ₹100
AUM (Fund size)
₹1,039 Cr
Lock In Period
N/A
Expense Ratio
2.28
Benchmark
NIfty 500 Total Return
Exit Load
If redeemed / switched-out within 12 months from the date of allotment:a) For 20% of investments: Nil.b) For remaining investments: 1%. If redeemed / switched - out after12 months from the date of allotment: Nil
Summary
Latest details for Axis Innovation Fund Growth include a ₹18.97 NAV as of Apr 30,2026 and returns since inception of 59.28%. Minimum investments start at SIP ₹100. The Axis Innovation Fund Growth AUM is ₹1,039 Cr, with a lock-in of N/A years, expense ratio of 2.28%, and benchmark NIfty 500 Total Return. Exit load is - If redeemed / switched-out within 12 months from the date of allotment:a) For 20% of investments: Nil.b) For remaining investments: 1%. If redeemed / switched - out after12 months from the date of allotment: Nil. In the growth review for 1M Month/Year, the fund recorded 14.07% returns, against a category average of 1.92% and a category best of 29.18%.
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Growth Review
| Duration | Fund Return(%) | Category Average(%) | Category Best(%) |
|---|---|---|---|
| 1M | 14.07 | 1.92 | 29.18 |
| 6M | -1.96 | 1.40 | 94.96 |
| 1Y | 10.61 | 5.50 | 250.28 |
| 3Y | 16.78 | 13.62 | 357.99 |
Portfolio Analysis
- Equity: 82.62%
- Debt: 17.38%
- Others
As on: 2026-03-31
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About Fund
Axis Innovation Fund Growth managed by Axis Mutual Fund,is a Equity - Sector Fundscheme with Assets Under Management of ₹1,039 Crore. The fund benchmarks its performance against the NIfty 500 Total Return while maintaining an expense ratio of 2.28. Under the expert guidance of Ashish Naik ,the fund implements a disciplined investment approach aligned with its mandate. The scheme requires a minimum investment of ₹500 for SIP and ₹1,000 for lump sum investments, making it accessible to diverse investor profiles.
Fund Managers
Ashish Naik
Mr. Ashish Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur. Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
Peer Comparison
| Fund Name | Ratings | AUM | Expense Ratio |
|---|---|---|---|
| This FundICICI Prudential ESG Exclusionary Strategy Fund Growth | 0 | 1246.18 CR | 2.2 |
| This FundQuant ESG Integration Strategy Fund Growth | 0 | 225.6 CR | 2.44 |
| This FundAxis Innovation Fund Growth | 0 | 1039.28 CR | 2.28 |
| This FundICICI Prudential PSU Equity Fund Growth | 0 | 1798.21 CR | 2.1 |
| This FundNippon India Taiwan Equity Fund Growth | 3 | 599.16 CR | 2.36 |
| Fund Name | 1Y | 3Y |
|---|---|---|
| This FundICICI Prudential ESG Exclusionary Strategy Fund Growth | -2.6475 | 56.1848 |
| This FundQuant ESG Integration Strategy Fund Growth | 7.5974 | 58.0163 |
| This FundAxis Innovation Fund Growth | 10.6122 | 59.2779 |
| This FundICICI Prudential PSU Equity Fund Growth | 12.5689 | 105.1095 |
| This FundNippon India Taiwan Equity Fund Growth | 245.4654 | 339.3034 |
FAQs
Axis Innovation Fund Growth's fund is managed by experienced SEBI-registered investment fund manager , who implements the fund's strategy through research-backed decisions while adhering to its stated objectives.
The expense ratio of Axis Innovation Fund Growth is 2.28. This expense ratio is calculated by dividing the fund's operating expenses by its net assets.
Axis Innovation Fund Growth’s fund performance is as follows:
- 1 Month : 14.07%
- 6 Months : -1.96%
- 1 Year : 10.61%
- 3 Years : 16.78%
You can invest in Axis Innovation Fund Growth through SIP with a minimum of ₹500 monthly or make a lump sum investment of a minimum ₹1,000. Additional purchase minimums vary by scheme.
The fund size (AUM) of Axis Innovation Fund Growth is ₹1,039 crore. It changes based on market performance, inflows, and outflows.
You can track your investment in Axis Innovation Fund Growth through our website, our Choice FinX mobile app, regular statements, and email updates. Our customer support team is available for queries.
Min Inv Amount: ₹500