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InvestVerdict

Axis Innovation Fund

Direct Plan · IDCW Option · Sectoral / Thematic · Scheme code 148632

NAV₹18.7100as on 29 Oct 2026
Fund houseAxis Mutual Fund
CategorySectoral / Thematic
Plan & optionDirect · IDCW Option
History5.7 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme 8.3515.2412.33 9.5012.499.24 ——12.54
Nifty 500
benchmark		 0.874.312.15 5.2012.4911.41 ——15.49
Sectoral / Thematic
category median		 ——— -5.6313.0410.23 —13.74—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

 VolatilitySharpeSortinoBetaAlphaMax fallR²
This scheme 17.2% 0.35 0.50 0.88 0.16% -27.3% 60.85
Nifty 500
benchmark		 15.2%0.39 0.58—— -37.3%—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the 36 months this scheme and its benchmark share.

Growth of ₹100 since launch

91131172212202220242026InvestVerdict

Drawdown from peak (%)

0%-9%-19%-28%202220242026

Every one-year period it has lived through

WindowsWorstMedianBestPeriods that lost money
1,160 -14.8% 5.6% 48.0% 40%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

How it behaves against its benchmark

Up captureDown captureCorrelation Tracking errorInformation ratioTreynor
97% 96% 0.78 10.9% -0.05 6.07

Up capture is how much of the benchmark's gain this scheme kept in the months the benchmark rose; down capture, how much of its fall it took. Below 100 on the down side and above it on the up side is the combination every fund is trying for and few reach. Measured over the 36 months this scheme and Nifty 500 share.

InvestVerdict

Axis Innovation Fund

Direct Plan · IDCW Option

Allocation

By asset

Equity78.59%
Foreign Securities13.41%
Cash & Equivalents7.65%
Debt0.37%

By market cap

Large Cap19.23%
Mid Cap28.90%
Small Cap32.06%
Unclassified16.73%

Concentration

Number of stocks78
Top 5 stocks17.68%
Top 10 stocks29.64%
Top 20 stocks48.18%
Lines in the filing81
Largest holding4.97%
Largest sectorRetailing 17.63%
Effective stocks56.9
Sectors held37
Cash7.65%

Effective stocks is what the concentration works out to: a fund holding 78 names but most of its money in a few behaves like a fund of 57. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Retailing — 17.6%Chemicals & Petrochemicals — 8.3%Cash & Equivalents — 7.7%Financial Technology (Fintech) — 6.4%Pharmaceuticals & Biotechnology — 5.1%Auto Components — 4.8%Electrical Equipment — 4.4%Semiconductors — 3.8%Transport Services — 3.5%Other — 38.6%Retailing17.6%Chemicals & Petrochemicals8.3%Cash & Equivalents7.7%Financial Technology (Fin…6.4%Pharmaceuticals & Biotech…5.1%Auto Components4.8%Electrical Equipment4.4%Semiconductors3.8%Transport Services3.5%Other38.6%
Retailing17.63%
Chemicals & Petrochemicals8.26%
Cash & Equivalents7.65%
Financial Technology (Fintech)6.36%
Pharmaceuticals & Biotechnology5.09%
Auto Components4.81%
Electrical Equipment4.39%
Semiconductors3.75%
Transport Services3.52%
IT - Services3.30%
Industrial Manufacturing3.28%
Automobiles3.18%
Industrial Products2.75%
Consumer Durables2.39%
Capital Markets2.32%
Finance2.24%
IT - Software1.74%
Interactive Media & Services1.70%
Fertilizers & Agrochemicals1.66%
Broadline Retail1.57%
InvestVerdict

Axis Innovation Fund

Direct Plan · IDCW Option · holdings

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 Clearing Corporation of India Ltd Unclassified — 92 6.87%
2 Eternal Limited Retailing 2,090,137 67 4.97%
3 One 97 Communications Limited Financial Technology (Fintech) 290,635 49 3.63%
4 Ather Energy Limited Automobiles 300,112 43 3.18%
5 Lenskart Solutions Limited Retailing 602,400 41 3.07%
6 FSN E-Commerce Ventures Limited Retailing 1,188,996 38 2.83%
7 Aether Industries Limited Chemicals & Petrochemicals 215,304 37 2.72%
8 Meesho Ltd Retailing 1,419,857 32 2.40%
9 Billionbrains Garage Ventures Ltd Capital Markets 1,697,141 31 2.32%
10 Sona BLW Precision Forgings Limited Auto Components 371,805 31 2.29%
11 PTC Industries Limited Industrial Products 13,508 30 2.23%
12 Indo-MIM Limited Industrial Manufacturing 228,323 28 2.11%
13 Affle 3i Limited IT - Services 175,000 26 1.97%
14 Black Buck Ltd Transport Services 432,066 26 1.95%
15 Siemens Limited Electrical Equipment 70,059 26 1.94%
16 Neogen Chemicals Limited Chemicals & Petrochemicals 104,504 26 1.90%
17 Sai Life Sciences Limited Pharmaceuticals & Biotechnology 165,217 25 1.87%
18 Capillary Technologies India Limited IT - Software 418,769 23 1.74%
19 Divi's Laboratories Limited Pharmaceuticals & Biotechnology 24,881 23 1.72%
20 Wakefit Innovations Limited Consumer Durables 1,567,729 23 1.68%
21 PI Industries Limited Fertilizers & Agrochemicals 96,404 22 1.66%
22 Bajaj Finserv Limited Finance 124,100 21 1.60%
23 Urban Company Ltd. Retailing 1,368,584 22 1.60%
24 Pidilite Industries Limited Chemicals & Petrochemicals 142,187 21 1.55%
25 Jain Resource Recycling Limited Diversified Metals 703,728 21 1.53%
26 Nvidia Corp Com Semiconductors 9,206 20 1.50%
27 Info Edge (India) Limited Retailing 158,208 19 1.43%
28 Delhivery Limited Transport Services 465,766 19 1.42%
29 PB Fintech Limited Financial Technology (Fintech) 179,555 19 1.42%
30 GE Vernova T&D India Limited Electrical Equipment 44,133 19 1.38%
InvestVerdict

Axis Innovation Fund

Direct Plan · IDCW Option · where the money sits

What the manager did last month

Between the filings of 31 May 2026 and 31 Jul 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

BoughtSoldNew positionsSold out ofPrice move of holdings
₹33 cr ₹81 cr 13 12 +10.03%
StockShares tradedShares PriceValue
₹ cr
New position
PI Industries Limited 74,938 entered — 20.6
Indo-MIM Limited 228,323 entered — 17.7
Kusumgar Limited 267,402 entered — 15.6
Anthem Biosciences Limited 96,769 entered — 7.8
Apple Inc 2,412 entered — 7.1
SAMSUNG ELECTRONICS - GDR 122 entered — 4.9
VEEVA SYSTEMS INC 1,848 entered — 3.6
Roku Inc 2,356 entered — 3.3
Added to
Nvidia Corp Com 4,118 +80.9% -4.9% 7.9
Siemens Limited 16,760 +31.5% -2.2% 6.3
Wakefit Innovations Limited 460,000 +41.5% +1.6% 5.8
Pine Labs Limited 374,913 +57.4% -3.8% 5.2
Sea Ltd 2,357 +248.1% +17.9% 2.4
Meesho Ltd 127,740 +9.9% -0.6% 2.3
Jain Resource Recycling Limited 62,183 +9.7% -6.8% 2.2
MercadoLibre Inc 46 +30.3% +10.7% 0.8
Trimmed
Eternal Limited 629,907 -21.3% +20.7% 19.1
Advanced Micro Devices Inc 2,796 -74.7% -7.8% 12.7
GE Vernova T&D India Limited 18,123 -29.1% -16.0% 7.8
Broadcom Inc 1,874 -41.9% -12.9% 7.0
Aether Industries Limited 44,971 -16.9% +40.2% 6.9
Dixon Technologies (India) Limited 4,594 -38.6% +21.9% 6.5
One 97 Communications Limited 45,569 -12.2% +20.0% 6.1
Delhivery Limited 79,221 -15.6% +6.5% 3.8
Sold out of
Go Digit General Insurance Limited 374,158 exited — 11.4
Ideaforge Technology Limited 122,077 exited — 10.3
Wework India Management Limited 131,976 exited — 7.9
Eli Lilly & Co 494 exited — 5.2
Netflix Inc 5,240 exited — 4.3
Booking Holdings Inc 2,075 exited — 3.3
Motorola Solutions Inc 848 exited — 3.3
Boston Scientific Corp 6,670 exited — 3.1
Not equityPrevious filingThis filingChange
Cash, repo and TREPS ₹0 cr ₹0 cr +₹0 cr
Debt: bills, CDs and commercial paper ₹10 cr ₹5 cr −₹5 cr

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

A ₹10,000 monthly SIP over five years

InvestedValueGainXIRR
₹600,000 ₹790,785 ₹190,785 11.00%

XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has been invested for a different length of time.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 31 Oct 2026.