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Axis Innovation Fund
Thematic-InnovationRank #4
Not Rated
NAV (2026-09-10)
₹21.79
AUM
₹1,362.59 Cr
Exp. Ratio: 2.29%
RISK LEVEL
Very High
Returns & Performance
1 Year14.50%6.00% vs cat avgRank #3
3 Year16.71%0.87% vs cat avgRank #2
5 Year10.85%1.06% vs cat avgRank #1
Since Launch14.60%3.67% vs cat avg
Fund vs Category Average
1Y
14.50%+6.00%
3Y
16.71%+0.87%
5Y
10.85%-1.06%
Pros & Cons
Pros
✔Outperforms category avg on 1Y returns
✔Strong 3Y track record vs category
✔No lock-in period
✔Top-5 ranked in category for 1Y (#3)
✔Overall top-10 rank in category (#4)
Cons
✖5Y returns below category average
✖Higher expense ratio (2.29%)
✖Returns since launch below category avg
ISININF846K01Y05
NAV₹21.79
NAV Date2026-09-10
AUM₹1,362.59 Cr
Expense Ratio2.29%
RiskVery High
RatingNot Rated / 5
Min SIP Amount₹100
Max SIP Amount₹999999999
Min Additional Inv.₹100
SIP AllowedYes
Plan TypeRegular
Plan OptionGrowth
Is NFONo
Fund House Incorp.2009-09-04
INVESTMENT OBJECTIVE
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 ₹21.79 as of 2026-09-10.
Axis Innovation Fund is classified as a Thematic-Innovation fund.
Axis Innovation Fund is managed by Axis Mutual Fund.
The Assets Under Management (AUM) of Axis Innovation Fund is ₹1,362.59 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 14.5% (1Y), 16.71% (3Y) and 10.85% (5Y) annualised returns as of 2026-09-10.
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.
