The Scheme seeks to generate long term capital appreciation by investing in equity & equity related securities of companies that are benefiting from innovative change (innovators, enablers, adaptors).
Exit Load1.00%
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsIf you redeem within one year, your returns will be taxed at 20%. For redemptions after one year, returns exceeding ₹1.25 lakh in a financial year will be taxed at 12.5%.
Mayank Hyanki
Mr. Hyanki has done B.Tech and PGDM, Finance
Prior to joining Axis Mutual Fund, he has worked with Reliance, Birla Sun Life Asset Management Company Ltd and ING Investment Management (I) Pvt Ltd
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Axis Innovation Fund is ₹21.81 as of 2026-08-27.
Axis Innovation Fund is classified as a Thematic-Innovation fund.
The Assets Under Management (AUM) of Axis Innovation Fund is ₹1,257.23 Cr.
The expense ratio of Axis Innovation Fund is 2.29%.
Axis Innovation Fund is managed by Mayank Hyanki.
The minimum SIP investment for Axis Innovation Fund is ₹100.
The exit load for Axis Innovation Fund is 1%.
As per the SEBI Riskometer, Axis Innovation Fund carries a Very High risk level.
Axis Innovation Fund has delivered 17.2% (1Y), 18.29% (3Y) and 11.86% (5Y) annualised returns as of 2026-08-27.
Axis Innovation Fund was launched on 2009-09-04.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
