Markets / Mutual funds / Sectoral / Thematic

Axis Innovation Fund - Regular Plan - IDCW

NAVs of 8 Nov 2026

Axis Mutual Fund · Equity fund · Regular plan · IDCW

Sectoral / ThematicRegular · IDCWRisk: Very High

NAV · 5 Nov 2026

₹19.2300 ▲ 0.63%

Axis Mutual Fund

Fund size₹1,307 crJuly - September 2026

1-month range₹17.89 – 19.52

1 year+3.67%

Expense ratio2.27%regular plan, a year

5 years+7.19%a year

What the fund does

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

BenchmarkNIFTY 500 TRI

Launched24 Dec 2020

Fund houseAxis Mutual Fund

Fund managersAshish NaikKrishnaa N

NAV history

Returns

1 week

+2.78%avg 5.4%

1 month

-1.38%avg 2.9%

3 months

+1.64%avg -1.9%

6 months

+10.58%avg 3.1%

This year

+4.34%avg 3.2%

1 year

+3.67%avg 3.7%

3 years (a year)

+11.75%avg 13.8%

5 years (a year)

+7.19%avg 11.8%

Bars: this plan; the thin mark is the Sectoral / Thematic average (regular plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024												+0.0
2025	-4.9	-7.2	-6.8	+2.7	+6.4	+3.1	-0.3	-0.8	+1.3	+3.0	+0.1	-1.0
2026	-3.7	-1.7	-14.2	+13.6	+0.0	+2.8	+4.6	+7.7	-2.6	-3.1	+3.5

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Stocks held7781 lines in all

Top 10 stocks29.6%of the fund

Short positions-0.5%sold through derivatives

Net equity92.8%long stocks and derivatives minus shorts

Where the money is

Equity 92.0%Derivatives (long) 1.2%Money market 0.4%Cash & others 6.4%Short -0.5%

Sectors (stocks held)

Retailing

17.6%

Chemicals & Petrochemicals

8.3%

Financial Technology (Fintech)

6.4%

Pharmaceuticals & Biotechnology

5.1%

Auto Components

4.8%

Electrical Equipment

4.4%

Semiconductors

3.8%

Transport Services

3.5%

Changes since 31 Aug 2026

Share of fund	30 Sept 2026	31 Aug 2026	Change
Stocks held	92.0%	96.6%	-4.56
Short positions	-0.5%	-0.1%	-0.34
Derivatives (long)	1.2%	1.3%	-0.04
Money market	0.4%	0.4%	+0.01
Cash & others	6.4%	1.8%	+4.62
Top 10 stocks	29.6%	32.6%	-2.92
Number of stocks	77	75	+2

New stocks 3

Onemi Technology Solutions Limited0.64%
Cyient Dlm Ltd0.16%
Syngene International Limited0.10%

Stocks sold off 1

Mahindra & Mahindra Limitedwas 1.22%

Bought more 3

Neogen Chemicals Limited+0.72
Indo-MIM Limited+0.64
Meesho Ltd+0.26

Cut back 8

Info Edge (India) Limited-1.17
Billionbrains Garage Ventures Ltd-1.10
PB Fintech Limited-1.05
Jyoti CNC Automation Ltd-0.78
Ather Energy Limited-0.60
Divi's Laboratories Limited-0.51
One 97 Communications Limited-0.50
Eternal Limited-0.31

Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 77

Holding	Sector / type	% of fund
Eternal Limited INE758T01015	Retailing	4.97%
One 97 Communications Limited INE982J01020	Financial Technology (Fintech)	3.63%
Ather Energy Limited INE0LEZ01016	Automobiles	3.18%
Lenskart Solutions Limited INE956O01016	Retailing	3.07%
FSN E-Commerce Ventures Limited INE388Y01029	Retailing	2.83%
Aether Industries Limited INE0BWX01014	Chemicals & Petrochemicals	2.72%
Meesho Ltd INE0VDM01015	Retailing	2.40%
Billionbrains Garage Ventures Ltd INE0HOQ01053	Capital Markets	2.32%
Sona BLW Precision Forgings Limited INE073K01018	Auto Components	2.29%
PTC Industries Limited INE596F01018	Industrial Products	2.23%
Indo-MIM Limited INE084101034	Industrial Manufacturing	2.11%
Affle 3i Limited INE00WC01027	IT - Services	1.97%
Black Buck Ltd INE0UIZ01018	Transport Services	1.95%
Siemens Limited INE003A01024	Electrical Equipment	1.94%
Neogen Chemicals Limited INE136S01016	Chemicals & Petrochemicals	1.90%
Sai Life Sciences Limited INE570L01029	Pharmaceuticals & Biotechnology	1.87%
Capillary Technologies India Limited INE0ILV01024	IT - Software	1.74%
Divi's Laboratories Limited INE361B01024	Pharmaceuticals & Biotechnology	1.72%
Wakefit Innovations Limited INE0E7301029	Consumer Durables	1.68%
PI Industries Limited INE603J01030	Fertilizers & Agrochemicals	1.66%
Urban Company Ltd. INE0CAZ01013	Retailing	1.60%
Bajaj Finserv Limited INE918I01026	Finance	1.60%
Pidilite Industries Limited INE318A01026	Chemicals & Petrochemicals	1.55%
Jain Resource Recycling Limited INE0YD401026	Diversified Metals	1.53%
Nvidia Corp Com US67066G1040	Semiconductors	1.50%
Info Edge (India) Limited INE663F01032	Retailing	1.43%
PB Fintech Limited INE417T01026	Financial Technology (Fintech)	1.42%
Delhivery Limited INE148O01028	Transport Services	1.42%
GE Vernova T&D India Limited INE200A01026	Electrical Equipment	1.38%
Linde India Limited INE473A01011	Chemicals & Petrochemicals	1.37%
Kusumgar Limited INE0ISX01025	Textiles & Apparels	1.35%
Bharat Electronics Limited INE263A01024	Aerospace & Defense	1.34%
Sagility Limited INE0W2G01015	IT - Services	1.33%
Swiggy Limited INE00H001014	Retailing	1.33%
Pine Labs Limited INE15B701018	Financial Technology (Fintech)	1.31%
TBO Tek Limited INE673O01025	Leisure Services	1.19%
Taiwan Semiconductor Sp ADR US8740391003	Semiconductors	1.19%
Siemens Energy India Limited INE1NPP01017	Electrical Equipment	1.07%
Microsoft Corp US5949181045	Systems Software	1.05%
Bosch Limited INE323A01026	Auto Components	0.95%
Alphabet Inc A US02079K3059	Interactive Media & Services	0.93%
Dhoot Transmission Ltd INE01NH01023	Auto Components	0.89%
Rubicon Research Limited INE506V01022	Pharmaceuticals & Biotechnology	0.88%
Honeywell Automation India Limited INE671A01010	Industrial Manufacturing	0.82%
Amazon Com Inc US0231351067	Broadline Retail	0.79%
Meta Platforms Registered Shares A US30303M1027	Interactive Media & Services	0.77%
Ellenbarrie Industrial Gases Limited INE236E01022	Chemicals & Petrochemicals	0.72%
Dixon Technologies (India) Limited INE935N01020	Consumer Durables	0.71%
Tenneco Clean Air India Limited INE19RI01016	Auto Components	0.68%
Broadcom Inc US11135F1012	Semiconductors	0.65%
Onemi Technology Solutions Limited INE12F801023	Finance	0.64%
Anthem Biosciences Limited INE0CZ201020	Pharmaceuticals & Biotechnology	0.62%
ASML Holding NV USN070592100	Semiconductor Materials & Equipment	0.61%
Apple Inc US0378331005	Technology Hardware, Storage & Peripherals	0.57%
Carborundum Universal Limited INE120A01034	Industrial Products	0.52%
Arista Networks Inc US0404132054	Communications Equipment	0.50%
SharkNinja INC KYG8068L1086	Household Appliances	0.45%
MAKEMYTRIP LTD MU0295S00016	Hotels, Resorts & Cruise Lines	0.43%
SAMSUNG ELECTRONICS - GDR US7960508882	Technology Hardware, Storage & Peripherals	0.43%
Advanced Micro Devices Inc US0079031078	Semiconductors	0.41%
VEEVA SYSTEMS INC US9224751084	Health Care Technology	0.38%
Jyoti CNC Automation Ltd INE980O01024	Industrial Manufacturing	0.35%
Ebay Inc US2786421030	Broadline Retail	0.31%
Lumentum Holdings Inc US55024U1097	Communications Equipment	0.27%
Roku Inc US77543R1023	Movies & Entertainment	0.26%
MercadoLibre Inc US58733R1023	Broadline Retail	0.24%
Sea Ltd US81141R1005	Broadline Retail	0.23%
Visa Inc US92826C8394	Transaction & Payment Processing Services	0.22%
TJX ORD US8725401090	Apparel Retail	0.21%
KLA Corporation US4824801009	Semiconductor Materials & Equipment	0.21%
Oracle Corporation US68389X1054	Systems Software	0.21%
Vertiv Holdings Co US92537N1081	Electrical Components & Equipment	0.20%
Spotify Technology SA LU1778762911	Movies & Entertainment	0.20%
Monster Beverage Corp US61174X1090	Soft Drinks & Non-alcoholic Beverages	0.19%
Cyient Dlm Ltd INE055S01018	Aerospace & Defense	0.16%
Blue Dart Express Limited INE233B01017	Transport Services	0.15%
Syngene International Limited INE398R01022	Healthcare Services	0.10%

Show 62 moreShow fewer

Short positions 1

Holding	Sector / type	% of fund
Net Receivables / (Payables)	–	-0.45%

Derivatives, debt, money market and cash 3

Holding	Sector / type	% of fund
Clearing Corporation of India Ltd	–	6.87%
Bank Nifty Index October 2026 Future	–	1.23%
91 Days Tbill (MD 12/11/2026) IN002026X198	Sovereign	0.37%

From the fund house's monthly portfolio (axismf.com), as on 30 Sept 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility16.6%yearly, from daily NAVs

Worst fall-27.13%27 Sept 2024 → 30 Mar 2026

RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 31 Dec 2020).

Fund details

Fund size (average AUM, July - September 2026)	₹1,307 cr across all plans · this plan ₹1.49 cr
Fund house	Axis Mutual Fund
Category	Equity · Sectoral / Thematic
Plan	Regular
Option	IDCW
Expense ratio (TER)	Direct 1.35% · Regular 2.27% (5 Nov 2026)
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
Minimum investment	₹100 · additional ₹100
Scheme code (AMFI)	148632
ISIN	INF846K01X89
NAV date	5 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	1 year
Regular · Growth	₹21.3600	+11.54%
Regular · Growth	₹22.9600	+12.60%
Regular · IDCW	₹17.8800	+2.58%

Top Sectoral / Thematic funds (regular plans)

Fund	1 year	3 years (a year)
Nippon India Taiwan Equity Fund	+37.70%	+40.44%
HDFC Defence Fund	+19.63%	+33.69%
HDFC Pharma and Healthcare Fund	+26.81%	+30.17%
SBI HEALTHCARE OPPORTUNITIES FUND	+21.11%	+24.39%
HDFC Transportation and Logistics Fund	+8.74%	+23.82%
UTI - Healthcare Fund	+17.70%	+23.50%
Mirae Asset Healthcare Fund	+22.57%	+23.40%
BANK OF INDIA MANUFACTURING & INFRASTRUCTURE FUND	+16.15%	+22.19%

All Sectoral / Thematic funds ranked › · Compare with others ›

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Information only, not investment advice.

What is the NAV of Axis Innovation Fund - Regular Plan - IDCW today?

₹19.2300 as of 5 Nov 2026, from AMFI's official NAV data.

What are the returns of Axis Innovation Fund - Regular Plan - IDCW?

1 year: 3.67%, 3 years: 11.75% a year, 5 years: 7.19% a year

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.