Previously Known As : Axis Special Situations Fund
Axis Innovation Fund Overview
Category Sectoral/ Thematic
BMSMONEY Rank 16
BMSMONEY Rating
Gro. Opt. As On: 20-12-2024
NAV ₹18.43(R) -1.81% ₹19.46(D) -1.82%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 31.55% 12.74% -% -% -%
LumpSum (D) 32.83% 14.22% -% -% -%
SIP (R) -29.34% 16.91% -% -% -%
SIP (D) -28.58% 18.37% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.3 0.16 0.39 -3.75% 0.05
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
13.93% -18.23% -18.94% 0.91 9.89%
Top Sectoral/ Thematic
Fund Name Rank Rating
Franklin India Opportunities Fund 1
Icici Prudential India Opportunities Fund 2
ICICI Prudential Business Cycle Fund 3
Icici Prudential Exports And Services Fund 4

NAV Date: 20-12-2024

Scheme Name NAV Rupee Change Percent Change
Axis Innovation Fund - Regular Plan - IDCW 18.43
-0.3400
-1.8100%
Axis Innovation Fund - Regular Plan - Growth Option 18.43
-0.3400
-1.8100%
Axis Innovation Fund - Direct Plan - IDCW 19.45
-0.3700
-1.8700%
Axis Innovation Fund - Direct Plan - Growth Option 19.46
-0.3600
-1.8200%

Review Date: 20-12-2024

Axis Innovation Fund has exhibited poor performance in the Sectoral/ Thematic Fund category. The fund has rank of 16 out of 19 funds in the category. The fund has delivered return of 31.55% in 1 year and 12.74% in 3 years. The category average for the same periods is 25.16% and 18.2% respectively, which shows poor return performance of fund in the category. The fund has exhibited standard deviation of 13.93, VaR of -18.23, Average Drawdown of -9.24, Semi Deviation of 9.89 and Max Drawdown of -18.94. The category average for the same parameters is 14.03, -17.39, -5.79, 9.92 and -13.51 respectively. The fund has average risk in the category.
  • standard deviation of 13.93 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 0.3 which shows poor performance of fund in the sectoral/ thematic fund category.
  • The fund has R-square of 0.78, Beta of 0.91 and Jensen's Alpha of -3.75% which exhibit poor performance in the sectoral/ thematic fund category .


    • Not able to see in mobile!!! save the chart by clicking on camera icon.

    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 3.25
    2.79
    		-3.13 | 8.71 10 | 30 Good
    3M Return % -4.75
    -6.29
    		-15.75 | 2.79 7 | 28 Very Good
    6M Return % 5.50
    1.46
    		-10.41 | 22.09 6 | 29 Very Good
    1Y Return % 31.55
    25.16
    		11.27 | 48.83 6 | 25 Very Good
    3Y Return % 12.74
    18.20
    		12.64 | 29.36 19 | 20 Poor
    1Y SIP Return % -29.34
    -33.44
    		-39.93 | -18.88 6 | 20 Good
    3Y SIP Return % 16.91
    18.42
    		11.30 | 34.99 9 | 16 Average
    Standard Deviation 13.93
    14.03
    		11.13 | 17.21 12 | 19 Average
    Semi Deviation 9.89
    9.92
    		8.02 | 12.48 11 | 19 Average
    Max Drawdown % -18.94
    -13.51
    		-26.15 | -6.01 18 | 19 Poor
    VaR 1 Y % -18.23
    -17.39
    		-27.36 | -12.54 14 | 19 Average
    Average Drawdown % -9.24
    -5.79
    		-9.24 | -3.55 19 | 19 Poor
    Sharpe Ratio 0.30
    0.74
    		0.15 | 1.49 18 | 19 Poor
    Sterling Ratio 0.39
    0.80
    		0.27 | 1.64 18 | 19 Poor
    Sortino Ratio 0.16
    0.40
    		0.10 | 0.82 18 | 19 Poor
    Jensen Alpha % -3.75
    4.64
    		-3.75 | 19.60 18 | 18 Poor
    Treynor Ratio 0.05
    0.32
    		0.05 | 3.84 18 | 18 Poor
    Modigliani Square Measure % 10.99
    20.28
    		10.99 | 48.11 18 | 18 Poor
    Alpha % -5.19
    1.00
    		-19.54 | 11.00 17 | 18 Poor
    Return data last Updated On : Dec. 20, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
    KPIs: Key Performance Indicators

    Rotate the phone! Best viewed in landscape mode on mobile.
    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 3.35 2.89 -3.04 | 8.82 10 | 30
    3M Return % -4.51 -6.00 -15.50 | 3.14 7 | 28
    6M Return % 5.99 2.06 -9.85 | 23.23 6 | 29
    1Y Return % 32.83 26.61 11.63 | 50.62 6 | 25
    3Y Return % 14.22 19.56 13.74 | 30.60 17 | 20
    1Y SIP Return % -28.58 -32.53 -39.53 | -17.20 6 | 20
    3Y SIP Return % 18.37 19.92 12.56 | 36.51 9 | 16
    Standard Deviation 13.93 14.03 11.13 | 17.21 12 | 19
    Semi Deviation 9.89 9.92 8.02 | 12.48 11 | 19
    Max Drawdown % -18.94 -13.51 -26.15 | -6.01 18 | 19
    VaR 1 Y % -18.23 -17.39 -27.36 | -12.54 14 | 19
    Average Drawdown % -9.24 -5.79 -9.24 | -3.55 19 | 19
    Sharpe Ratio 0.30 0.74 0.15 | 1.49 18 | 19
    Sterling Ratio 0.39 0.80 0.27 | 1.64 18 | 19
    Sortino Ratio 0.16 0.40 0.10 | 0.82 18 | 19
    Jensen Alpha % -3.75 4.64 -3.75 | 19.60 18 | 18
    Treynor Ratio 0.05 0.32 0.05 | 3.84 18 | 18
    Modigliani Square Measure % 10.99 20.28 10.99 | 48.11 18 | 18
    Alpha % -5.19 1.00 -19.54 | 11.00 17 | 18
    Return data last Updated On : Dec. 20, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D -1.81 ₹ 9,819.00 -1.82 ₹ 9,818.00
    1W -3.41 ₹ 9,659.00 -3.38 ₹ 9,662.00
    1M 3.25 ₹ 10,325.00 3.35 ₹ 10,335.00
    3M -4.75 ₹ 9,525.00 -4.51 ₹ 9,549.00
    6M 5.50 ₹ 10,550.00 5.99 ₹ 10,599.00
    1Y 31.55 ₹ 13,155.00 32.83 ₹ 13,283.00
    3Y 12.74 ₹ 14,331.00 14.22 ₹ 14,900.00
    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 -29.34 ₹ 9,993.59 -28.58 ₹ 10,048.54
    3Y ₹ 36000 16.91 ₹ 46,237.36 18.37 ₹ 47,204.24
    5Y ₹ 60000 ₹ ₹
    7Y ₹ 84000 ₹ ₹
    10Y ₹ 120000 ₹ ₹
    15Y ₹ 180000 ₹ ₹


    Date Axis Innovation Fund NAV Regular Growth Axis Innovation Fund NAV Direct Growth
    20-12-2024 18.43 19.46
    19-12-2024 18.77 19.82
    18-12-2024 18.93 19.98
    17-12-2024 19.13 20.2
    16-12-2024 19.23 20.31
    13-12-2024 19.08 20.14
    12-12-2024 19.05 20.11
    11-12-2024 19.18 20.25
    10-12-2024 19.08 20.14
    09-12-2024 19.07 20.13
    06-12-2024 19.06 20.12
    05-12-2024 19.0 20.06
    04-12-2024 18.94 19.99
    03-12-2024 18.79 19.83
    02-12-2024 18.67 19.7
    29-11-2024 18.44 19.46
    28-11-2024 18.32 19.33
    27-11-2024 18.42 19.44
    26-11-2024 18.32 19.33
    25-11-2024 18.27 19.28
    22-11-2024 18.01 19.0
    21-11-2024 17.85 18.83

    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.