Fundalysisby DARKHORSESTOCKS

Scheme

Axis Innovation Fund

Holds 77 companies worth ₹1,237 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹1,350 CrAxis Innovation Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 0.5% on Aug 2026, ₹1,356 Cr.

  • Largest holding

    Eternal LimitedEternal Limited is 5.0% of this scheme's NAV.

  • Fund manager

    Ashish NaikRuns its co-manager part since 24 Dec 2020, as the fund house dates it. With Krishnaa N (overseas).

Overview(5 Oct 2026)

Fund managers2

  1. Ashish NaikCo-manager, equity · Dec 2020 · 15y · FRM PGDM B.E.
  2. Krishnaa NOverseas · Mar 2024
  1. Mayank HyankiApr 2024 – Dec 2024

Key facts

Benchmark
NIFTY 500 TRI
Risk
Very High
Expense
Regular 2.29% · Direct 1.35%
Exit load
10% within 12 months
Started
24 Dec 2020
Minimum
₹100

Source.Its Scheme Summary Document as of 5 Oct 2026 at AMFI.

What changed(21 changes)

Oct 2026

1 change
  1. Expense ratio
    5 OctRegular 2.28% → 2.29%Direct 1.34% → 1.35%

Sept 2026

1 change
  1. Expense ratio
    10 SeptRegular 2.3% → 2.28%Direct 1.42% → 1.34%

May 2026

1 change
  1. Expense ratio
    17 MayRegular 2.26% → 2.3%Direct 1.31% → 1.42%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Dec 2020 – now)

  1. Ashish Naik
  2. Krishnaa N
  3. Mayank Hyanki
MainCoSlice202120222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
21 changesRegularDirectΔ pt
5 Oct 20262.29%1.35%0.01
10 Sept 20262.28%1.34%0.08
17 May 20262.30%1.42%0.11
24 Feb 20262.26%1.31%0.01
13 Nov 20252.25%1.30%0.01
26 Sept 20252.25%1.31%0.02
23 Jun 20252.25%1.29%0.01
4 Jun 20252.25%1.28%0.04
25 Mar 20252.27%1.32%0
6 Mar 20252.28%1.32%0
25 Feb 20252.27%1.32%0.02
10 Feb 20252.25%1.30%0.01
29 Jan 20252.26%1.31%0.01
16 Jan 20252.24%1.30%0.02
10 Dec 20242.22%1.28%0.02
28 Nov 20242.22%1.30%0
12 Nov 20242.24%1.30%0.03
16 Oct 20242.21%1.27%0.02
23 Sept 20242.22%1.29%0.01
30 Aug 20242.23%1.30%0.01
21 Aug 20242.23%1.29%–
Direct plan, 5 Oct 2026
1.35%
Regular plan 2.29% · Exit load 10% within 12 months
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(5 Oct 2026)

Objective

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

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended equity scheme investing in innovation theme.
Benchmark
NIFTY 500 TRI

Asset allocation it may hold% of NAV

  1. Equity & Equity related instruments of Innovation theme
    Allowed80–100%
  2. Other Equity and Equity related instruments
    Allowed0–20%
  3. Debt & Money Market Instruments
    Allowed0–20%Holds8.0%
  4. Units issued by InvITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.92.0% equity · 8.0% debt and cash

How to invest(5 Oct 2026)

Buying

To start
₹100, then in multiples of ₹1
To add
₹100, then in multiples of ₹1
Systematic
SIP - Daily / Weekly / Monthly / Yearly SWP - Weekly / Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
Dates
SIP - Except 29,30 and 31 all dates SWP - Any Business Day, STP - Daily, Weekly all days, Fortnightly - alternate Wednesday, Monthly and Quarterly 1,7,10,15 and 25
Minimum
SIP Daily, Weekly - 100, Monthly 100.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00, then in multiples of ₹1
Instalments
SIP Daily -6, Weekly - 6, Monthly - 6 SIP - Yearly - 3 SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2 STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2.

Selling and switching

Scheme details(5 Oct 2026)

What it is

Category
Sectoral/Thematic Funds
Offer
4 Dec 2020 to 18 Dec 2020
Started
24 Dec 2020
Reopened
28 Dec 2020
Plans
Direct IDCW · Direct Growth · Regular IDCW · Regular Growth
Face value
₹10
Listed
Unlisted

How it is run

Swing pricing
No
Side-pocketing
Yes
Custodian
DEUTSCHE BANK AG
Auditor
B S R & Co. LLP
Registrar
Kfintech Ltd
SEBI code
AXIS/O/E/THE/20/07/0046