Previously Known As : Axis Special Situations Fund
Axis Innovation Fund Datagrid
Category Sectoral/ Thematic
BMSMONEY Rank 11
Rating
Growth Option 23-10-2026
NAV ₹19.88(R) -1.39% ₹21.36(D) -1.39%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 3.43% 15.15% 8.22% -% -%
Direct 4.4% 16.27% 9.5% -% -%
Benchmark
SIP (XIRR) Regular 6.89% 8.43% 10.64% -% -%
Direct 7.91% 9.49% 11.83% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.59 0.3 0.57 -0.68% 0.1
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.1% -19.4% -15.56% 0.93 9.77%
Fund AUM As on: 30/12/2025 1199 Cr
Top Sectoral/ Thematic
Fund Name Rank Rating
HDFC Defence Fund 1
Aditya Birla Sun Life Special Opportunities Fund 2
Franklin India Opportunities Fund 3
ITI Pharma and Healthcare Fund 4
SBI Comma Fund 5

NAV Date: 23-10-2026

Scheme Name NAV Rupee Change Percent Change
Axis Innovation Fund - Regular Plan - IDCW 16.64
-0.2300
-1.3600%
Axis Innovation Fund - Direct Plan - IDCW 17.89
-0.2500
-1.3800%
Axis Innovation Fund - Regular Plan - Growth Option 19.88
-0.2800
-1.3900%
Axis Innovation Fund - Direct Plan - Growth Option 21.36
-0.3000
-1.3900%

Review Date: 23-10-2026

Beginning of Analysis

In the Sectoral/ Thematic Fund category, Axis Innovation Fund is the 9th ranked fund. The category has total 22 funds. The Axis Innovation Fund has shown a very good past performence in Sectoral/ Thematic Fund. The fund has a Jensen Alpha of -0.68% which is lower than the category average of 2.23%, reflecting poor performance. The fund has a Sharpe Ratio of 0.59 which is higher than the category average of 0.53.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
Sectoral/Thematic Mutual Funds are ideal for aggressive investors seeking high returns by investing in a specific sector or theme. These funds offer targeted exposure to sectors like banking, technology, or themes like infrastructure and ESG, allowing investors to capitalize on the growth potential of these segments. However, they carry higher risks due to their concentrated exposure and are heavily dependent on the performance of the chosen sector or theme. Investors should have a long-term investment horizon, a high risk tolerance, and a good understanding of the sector or theme before investing in these funds. Additionally, timing the market and monitoring sectoral trends are crucial for success.

Axis Innovation Fund Return Analysis

The Axis Innovation Fund has delivered a mixed performance across various time horizons, showcasing both strengths and challenges when compared to its Sectoral/ Thematic Fund peers and the Nifty 500 TRI benchmark. This analysis examines the fund’s returns over periods ranging from one month to ten years, alongside its Systematic Investment Plan (SIP) performance, highlighting its rankings within the Sectoral/ Thematic Fund category and its ability to outperform or underperform the benchmark and category averages.

  • The fund has given a return of -10.29%, 0.0 and 5.01 in last one, three and six months respectively. In the same period the category average return was -7.85%, -5.57% and -2.47% respectively.
  • Axis Innovation Fund has given a return of 4.4% in last one year. In the same period the Nifty 500 TRI return was -2.0%. The fund has given 6.4% more return than the benchmark return.
  • The fund has given a return of 16.27% in last three years and rank 5th out of twenty five funds in the category. In the same period the Nifty 500 TRI return was 9.99%. The fund has given 6.28% more return than the benchmark return.
  • Axis Innovation Fund has given a return of 9.5% in last five years and category average returns is 10.1% in same period. The fund ranked 11th out of eighteen funds in the category. In the same period the Nifty 500 TRI return was 10.13%. The fund has given 0.63% less return than the benchmark return.
  • The fund has given a SIP return of 7.91% in last one year whereas category average SIP return is -5.16%. The fund one year return rank in the category is 8th in 50 funds
  • The fund has SIP return of 9.49% in last three years and ranks 4th in 24 funds. HDFC Defence Fund has given the highest SIP return (19.13%) in the category in last three years.
  • The fund has SIP return of 11.83% in last five years whereas category average SIP return is 8.5%.

Axis Innovation Fund Risk Analysis

  • The fund has a standard deviation of 14.1 and semi deviation of 9.77. The category average standard deviation is 16.47 and semi deviation is 11.99.
  • The fund has a Value at Risk (VaR) of -19.4 and a maximum drawdown of -15.56. The category average VaR is -23.88 and the maximum drawdown is -19.09. The fund has a beta of 0.81 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in Sectoral/ Thematic Fund Category
  • Good Performance in Sectoral/ Thematic Fund Category
  • Poor Performance in Sectoral/ Thematic Fund Category
  • Very Poor Performance in Sectoral/ Thematic Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -10.37 -6.54
    -7.99
    		-12.49 | -3.53 50 | 59 Poor
    3M Return % -0.25 -6.53
    -5.79
    		-13.28 | 1.64 5 | 57 Very Good
    6M Return % 4.58 -5.44
    -2.89
    		-14.41 | 10.95 10 | 57 Very Good
    1Y Return % 3.43 -8.97
    -4.42
    		-14.01 | 11.04 9 | 50 Very Good
    3Y Return % 15.15 9.30
    11.08
    		3.31 | 32.56 5 | 25 Very Good
    5Y Return % 8.22 8.00
    8.94
    		4.48 | 13.96 11 | 18 Average
    1Y SIP Return % 6.89
    -6.04
    		-25.04 | 13.86 8 | 49 Very Good
    3Y SIP Return % 8.43
    1.66
    		-5.60 | 17.89 4 | 24 Very Good
    5Y SIP Return % 10.64
    7.32
    		0.65 | 12.95 4 | 18 Very Good
    Standard Deviation 14.10
    16.47
    		13.04 | 31.30 3 | 24 Very Good
    Semi Deviation 9.77
    11.99
    		9.67 | 21.32 2 | 24 Very Good
    Max Drawdown % -15.56
    -19.09
    		-31.05 | -12.71 5 | 24 Very Good
    VaR 1 Y % -19.40
    -23.88
    		-36.55 | -16.03 6 | 24 Very Good
    Average Drawdown % 9.56
    8.10
    		5.67 | 15.72 4 | 24 Very Good
    Sharpe Ratio 0.59
    0.53
    		-0.07 | 1.12 11 | 24 Good
    Sterling Ratio 0.57
    0.54
    		0.14 | 1.04 10 | 24 Good
    Sortino Ratio 0.30
    0.27
    		0.00 | 0.63 11 | 24 Good
    Jensen Alpha % -0.68
    2.23
    		-6.89 | 17.71 17 | 24 Average
    Treynor Ratio 0.10
    0.10
    		-0.01 | 0.23 12 | 24 Good
    Modigliani Square Measure % 9.01
    8.19
    		-1.04 | 17.20 11 | 24 Good
    Alpha % -1.57
    2.38
    		-8.72 | 26.46 19 | 24 Poor
    Return data last Updated On : Oct. 23, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -10.29 -6.54 -7.85 -12.40 | -3.43 52 | 61 Poor
    3M Return % 0.00 -6.53 -5.57 -12.95 | 1.67 5 | 59 Very Good
    6M Return % 5.01 -5.44 -2.47 -13.75 | 11.64 10 | 59 Very Good
    1Y Return % 4.40 -8.97 -3.49 -13.63 | 12.17 10 | 51 Very Good
    3Y Return % 16.27 9.30 12.33 4.60 | 33.99 5 | 25 Very Good
    5Y Return % 9.50 8.00 10.10 5.67 | 15.15 11 | 18 Average
    1Y SIP Return % 7.91 -5.16 -23.83 | 13.98 8 | 50 Very Good
    3Y SIP Return % 9.49 2.82 -4.56 | 19.13 4 | 24 Very Good
    5Y SIP Return % 11.83 8.50 1.96 | 14.34 4 | 18 Very Good
    Standard Deviation 14.10 16.47 13.04 | 31.30 3 | 24 Very Good
    Semi Deviation 9.77 11.99 9.67 | 21.32 2 | 24 Very Good
    Max Drawdown % -15.56 -19.09 -31.05 | -12.71 5 | 24 Very Good
    VaR 1 Y % -19.40 -23.88 -36.55 | -16.03 6 | 24 Very Good
    Average Drawdown % 9.56 8.10 5.67 | 15.72 4 | 24 Very Good
    Sharpe Ratio 0.59 0.53 -0.07 | 1.12 11 | 24 Good
    Sterling Ratio 0.57 0.54 0.14 | 1.04 10 | 24 Good
    Sortino Ratio 0.30 0.27 0.00 | 0.63 11 | 24 Good
    Jensen Alpha % -0.68 2.23 -6.89 | 17.71 17 | 24 Average
    Treynor Ratio 0.10 0.10 -0.01 | 0.23 12 | 24 Good
    Modigliani Square Measure % 9.01 8.19 -1.04 | 17.20 11 | 24 Good
    Alpha % -1.57 2.38 -8.72 | 26.46 19 | 24 Poor
    Return data last Updated On : Oct. 23, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Axis Innovation Fund NAV Regular Growth Axis Innovation Fund NAV Direct Growth
    23-10-2026 19.88 21.36
    22-10-2026 20.16 21.66
    21-10-2026 20.39 21.91
    19-10-2026 20.72 22.26
    16-10-2026 20.96 22.52
    15-10-2026 21.02 22.58
    14-10-2026 21.19 22.76
    13-10-2026 21.33 22.91
    12-10-2026 21.29 22.87
    09-10-2026 21.23 22.8
    08-10-2026 21.11 22.67
    07-10-2026 21.7 23.3
    06-10-2026 21.68 23.28
    05-10-2026 21.28 22.85
    01-10-2026 21.11 22.67
    30-09-2026 21.32 22.89
    29-09-2026 21.39 22.97
    28-09-2026 21.35 22.93
    25-09-2026 21.71 23.31
    24-09-2026 21.71 23.31
    23-09-2026 22.18 23.81

    Fund Launch Date: 20/Dec/2020
    Fund Category: Sectoral/ Thematic
    Investment Objective: To generate long-term capital appreciation by investing in mis-priced stocks facing special situations. The mis-pricing of stocks can occur due to companies facing special situations like regulatory/policy changes, management restructuring, technology led disruption and innovation or any temporary challenges in the operating environment.
    Fund Description: An open ended equity scheme following special situations theme
    Fund Benchmark: NIFTY 500 Total Returns Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.