- AMC
- Axis Mutual Fund
- Category
- Thematic Fund
- ISIN
- INF846K01X89
Axis Innovation Fund
₹18.6400
−₹0.2200 (−1.17%)
NAV · Direct · IDCW ·
Axis Innovation Fund's Direct IDCW NAV was ₹18.6400 on 19 Oct 2026, down 1.17% on the day. Its 3-year return is 10.22% a year.
- Expense ratio
- 1.39%
- Fund size
- ₹1,160.42 Cr
- Min. investment
- ₹100
NAV history
Between 20 Oct 2025 and 19 Oct 2026, the NAV ranged from ₹14.8800 to ₹19.9400.
Direct · IDCW plan. 3Y, 5Y and since-launch returns are annualised; since launch is absolute until the fund is a year old.
Fund details
- Expense ratio
- 1.39% (Direct)
- Exit load
- if redeemed/switched-out within 12 months: nil for 10% of investment on fifo basis, 1% for remaining investment
- Riskometer
- Very high
- Benchmark
- NIFTY 500 TRI
- Launched
- 4 Dec 2020
- Fund managers
- Krishnaa N, Ashish Naik
Fund size, expense ratio and minimums as of 16 Oct 2026.
All plans
| Plan | ISIN | NAV | 1 day | Expense ratio | 1 year |
|---|---|---|---|---|---|
| Direct · Growth | INF846K01X71 | ₹22.2600 | −1.15% | 1.39% | +9.28% |
| Regular · Growth | INF846K01Y05 | ₹20.7200 | −1.15% | 2.29% | +8.25% |
| Direct · IDCW | INF846K01X89 | ₹18.6400 | −1.17% | 1.39% | +0.54% |
| Regular · IDCW | INF846K01Y13 | ₹17.3400 | −1.20% | 2.29% | −0.46% |
All plans hold the same portfolio. They differ in expense ratio (Direct plans pay no distributor commission) and in how gains are handled (Growth reinvests, IDCW pays out).
Armor risk check
Axis Innovation Fund moves about as much as the market
Volatility, past year
Worst fall, past year
Compared with the Nifty 500 over the past 12 months.
Check it against your portfolio in the appAbout this fund
Axis Innovation Fund is an open-ended mutual fund from Axis Mutual Fund, in the Thematic Fund category. It began on 4 Dec 2020. It is benchmarked to the NIFTY 500 TRI. The fund manages ₹1,160.42 Cr across its plans as of 16 Oct 2026. The Direct · IDCW plan has an expense ratio of 1.39%. The minimum first investment is ₹100, and SIPs are available.
FAQs
What is the NAV of Axis Innovation Fund?
The NAV of Axis Innovation Fund (Direct · IDCW) was ₹18.6400 on 19 Oct 2026, down 1.17% from the previous NAV.
What plans does Axis Innovation Fund have?
Axis Innovation Fund has 4 plans: Direct · Growth; Regular · Growth; Direct · IDCW; Regular · IDCW.
What is the expense ratio of Axis Innovation Fund?
The Direct · IDCW plan of Axis Innovation Fund has an expense ratio of 1.39%.
What is the fund size (AUM) of Axis Innovation Fund?
Axis Innovation Fund manages ₹1,160.42 Cr across all plans as of 16 Oct 2026.
What returns has Axis Innovation Fund delivered?
Axis Innovation Fund returned +0.54% over 1Y, +10.22% a year over 3Y, +5.86% a year over 5Y. Past performance does not guarantee future returns.
What is the exit load of Axis Innovation Fund?
Axis Innovation Fund: if redeemed/switched-out within 12 months: nil for 10% of investment on fifo basis, 1% for remaining investment.
What is the minimum investment and SIP amount for Axis Innovation Fund?
The minimum first investment in Axis Innovation Fund is ₹100, and ₹100 after that. SIPs are available (SIP available Daily/Weekly/Monthly/Yearly with minimum Rs.100 (Daily, Weekly, Monthly) and Rs.12000 (Yearly). Minimum 6 installments for Daily/Weekly/Monthly, 3 for Yearly. All dates except 29, 30, 31.).
How risky is Axis Innovation Fund?
Axis Innovation Fund is rated "very high risk" on SEBI's riskometer.
For information only. Not investment advice or a research report. Past performance does not guarantee future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.
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