Previously Known As : Axis Special Situations Fund
Axis Innovation Fund Overview
Category Sectoral/ Thematic
BMSMONEY Rank 17
BMSMONEY Rating
Gro. Opt. As On: 19-11-2024
NAV ₹17.91(R) +0.79% ₹18.9(D) +0.85%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 31.21% 9.0% -% -% -%
LumpSum (D) 32.63% 10.44% -% -% -%
SIP (R) -11.29% 17.26% -% -% -%
SIP (D) -10.29% 18.74% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.25 0.14 0.36 -2.89% 0.04
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
13.97% -18.23% -19.48% 0.88 9.82%
Top Sectoral/ Thematic
Fund Name Rank Rating
Franklin India Opportunities Fund 1
Icici Prudential India Opportunities Fund 2
Tata Business Cycle Fund 3
ICICI Prudential Business Cycle Fund 4

NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Axis Innovation Fund - Regular Plan - IDCW 17.91
0.1400
0.7900%
Axis Innovation Fund - Regular Plan - Growth Option 17.91
0.1400
0.7900%
Axis Innovation Fund - Direct Plan - Growth Option 18.9
0.1600
0.8500%
Axis Innovation Fund - Direct Plan - IDCW 18.9
0.1600
0.8500%

Review Date: 19-11-2024

Axis Innovation Fund has exhibited poor performance in the Sectoral/ Thematic Fund category. The fund has rank of 17 out of 18 funds in the category. The fund has delivered return of 31.21% in 1 year and 9.0% in 3 years. The category average for the same periods is 28.98% and 15.18% respectively, which shows average return performance of fund in the category. The fund has exhibited standard deviation of 13.97, VaR of -18.23, Average Drawdown of -12.34, Semi Deviation of 9.82 and Max Drawdown of -19.48. The category average for the same parameters is 14.31, -17.93, -5.92, 10.16 and -13.96 respectively. The fund has average risk in the category.
  • standard deviation of 13.97 and based on VaR one can expect to lose more than -18.23% of current value of fund in one year.
  • Sharpe ratio of the fund is 0.25 which shows poor performance of fund in the sectoral/ thematic fund category.
  • The fund has R-square of 0.76, Beta of 0.88 and Jensen's Alpha of -2.89% which exhibit poor performance in the sectoral/ thematic fund category .


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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -4.94
    -5.28
    		-8.31 | -1.24 13 | 30 Good
    3M Return % -0.78
    -4.30
    		-10.11 | 3.77 4 | 30 Very Good
    6M Return % 7.76
    4.94
    		-5.38 | 20.82 9 | 26 Good
    1Y Return % 31.21
    28.98
    		17.31 | 54.62 7 | 24 Good
    3Y Return % 9.00
    15.18
    		7.44 | 23.97 18 | 19 Poor
    1Y SIP Return % -11.29
    -2.88
    		-13.00 | 17.45 22 | 24 Poor
    3Y SIP Return % 17.26
    20.85
    		14.65 | 36.41 14 | 19 Average
    Standard Deviation 13.97
    14.31
    		11.32 | 18.29 10 | 18 Good
    Semi Deviation 9.82
    10.16
    		8.20 | 13.75 9 | 18 Good
    Max Drawdown % -19.48
    -13.96
    		-25.78 | -6.01 17 | 18 Poor
    VaR 1 Y % -18.23
    -17.93
    		-30.12 | -13.41 14 | 18 Average
    Average Drawdown % -12.34
    -5.92
    		-12.34 | -3.35 18 | 18 Poor
    Sharpe Ratio 0.25
    0.63
    		0.14 | 1.28 17 | 18 Poor
    Sterling Ratio 0.36
    0.73
    		0.26 | 1.52 17 | 18 Poor
    Sortino Ratio 0.14
    0.34
    		0.09 | 0.67 17 | 18 Poor
    Jensen Alpha % -2.89
    4.29
    		-2.89 | 17.82 17 | 17 Poor
    Treynor Ratio 0.04
    0.25
    		0.04 | 2.60 17 | 17 Poor
    Modigliani Square Measure % 10.43
    18.64
    		10.43 | 43.64 17 | 17 Poor
    Alpha % -4.69
    0.81
    		-19.49 | 10.50 16 | 17 Poor
    Return data last Updated On : Nov. 19, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -4.83 -5.19 -8.16 | -1.15 13 | 30
    3M Return % -0.53 -4.02 -9.82 | 4.25 4 | 30
    6M Return % 8.31 5.54 -4.88 | 21.94 9 | 26
    1Y Return % 32.63 30.45 17.68 | 56.50 7 | 24
    3Y Return % 10.44 16.50 8.89 | 25.22 18 | 19
    1Y SIP Return % -10.29 -1.70 -12.70 | 19.76 22 | 24
    3Y SIP Return % 18.74 22.22 15.04 | 37.87 14 | 19
    Standard Deviation 13.97 14.31 11.32 | 18.29 10 | 18
    Semi Deviation 9.82 10.16 8.20 | 13.75 9 | 18
    Max Drawdown % -19.48 -13.96 -25.78 | -6.01 17 | 18
    VaR 1 Y % -18.23 -17.93 -30.12 | -13.41 14 | 18
    Average Drawdown % -12.34 -5.92 -12.34 | -3.35 18 | 18
    Sharpe Ratio 0.25 0.63 0.14 | 1.28 17 | 18
    Sterling Ratio 0.36 0.73 0.26 | 1.52 17 | 18
    Sortino Ratio 0.14 0.34 0.09 | 0.67 17 | 18
    Jensen Alpha % -2.89 4.29 -2.89 | 17.82 17 | 17
    Treynor Ratio 0.04 0.25 0.04 | 2.60 17 | 17
    Modigliani Square Measure % 10.43 18.64 10.43 | 43.64 17 | 17
    Alpha % -4.69 0.81 -19.49 | 10.50 16 | 17
    Return data last Updated On : Nov. 19, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D 0.79 ₹ 10,079.00 0.85 ₹ 10,085.00
    1W ₹ ₹
    1M -4.94 ₹ 9,506.00 -4.83 ₹ 9,517.00
    3M -0.78 ₹ 9,922.00 -0.53 ₹ 9,947.00
    6M 7.76 ₹ 10,776.00 8.31 ₹ 10,831.00
    1Y 31.21 ₹ 13,121.00 32.63 ₹ 13,263.00
    3Y 9.00 ₹ 12,950.00 10.44 ₹ 13,471.00
    5Y ₹ ₹
    7Y ₹ ₹
    10Y ₹ ₹
    15Y ₹ ₹

    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.

    Investment Period Invested Amount Regular Direct
    XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
    1Y ₹ 12000 -11.29 ₹ 11,250.25 -10.29 ₹ 11,318.27
    3Y ₹ 36000 17.26 ₹ 46,473.70 18.74 ₹ 47,450.81
    5Y ₹ 60000 ₹ ₹
    7Y ₹ 84000 ₹ ₹
    10Y ₹ 120000 ₹ ₹
    15Y ₹ 180000 ₹ ₹


    Date Axis Innovation Fund NAV Regular Growth Axis Innovation Fund NAV Direct Growth
    19-11-2024 17.91 18.9
    18-11-2024 17.77 18.74
    14-11-2024 17.94 18.93
    13-11-2024 17.86 18.84
    11-11-2024 18.35 19.36
    08-11-2024 18.44 19.45
    06-11-2024 18.7 19.72
    05-11-2024 18.29 19.29
    04-11-2024 18.27 19.27
    31-10-2024 18.22 19.22
    30-10-2024 18.3 19.3
    29-10-2024 18.3 19.3
    25-10-2024 18.19 19.18
    24-10-2024 18.43 19.43
    23-10-2024 18.52 19.53
    22-10-2024 18.48 19.48
    21-10-2024 18.84 19.86

    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.