Previously Known As : Axis Special Situations Fund
Axis Innovation Fund Overview
Category Sectoral/ Thematic
BMSMONEY Rank 13
BMSMONEY Rating
Gro. Opt. As On: 31-01-2025
NAV ₹17.5(R) +0.98% ₹18.5(D) +0.98%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 20.86% 11.28% -% -% -%
LumpSum (D) 21.95% 12.68% -% -% -%
SIP (R) -25.84% 14.05% -% -% -%
SIP (D) -25.11% 15.43% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.26 0.14 0.36 -2.93% 0.04
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.06% -18.95% -19.66% 0.92 10.01%
Top Sectoral/ Thematic
Fund Name Rank Rating
Franklin India Opportunities Fund 1
Icici Prudential India Opportunities Fund 2
ITI Pharma and Healthcare Fund 3
- 4
- 5

NAV Date: 31-01-2025

Scheme Name NAV Rupee Change Percent Change
Axis Innovation Fund - Regular Plan - Growth Option 17.5
0.1700
0.9800%
Axis Innovation Fund - Regular Plan - IDCW 17.51
0.1700
0.9800%
Axis Innovation Fund - Direct Plan - Growth Option 18.5
0.1800
0.9800%
Axis Innovation Fund - Direct Plan - IDCW 18.5
0.1800
0.9800%

Review Date: 31-01-2025

Axis Innovation Fund has shown poor performance in the Sectoral/ Thematic Fund category. The fund has rank of 13 out of 20 funds in the category. The fund has delivered return of 20.86% in 1 year and 11.28% in 3 years. The category average for the same periods is 11.57% and 14.71% respectively, which shows good return performance of fund in the category. The fund has exhibited standard deviation of 14.06, VaR of -18.95, Average Drawdown of -12.43, Semi Deviation of 10.01 and Max Drawdown of -19.66. The category average for the same parameters is 14.06, -17.26, -6.34, 9.84 and -13.92 respectively. The fund has high risk in the category.
  • standard deviation of 14.06 and based on VaR one can expect to lose more than -18.95% of current value of fund in one year.
  • Sharpe ratio of the fund is 0.26 which shows poor performance of fund in the sectoral/ thematic fund category.
  • The fund has R-square of 0.81, Beta of 0.92 and Jensen's Alpha of -2.93% 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 -3.47
    -5.20
    		-13.12 | -0.13 15 | 28 Average
    3M Return % -3.95 -4.74
    -6.09
    		-16.11 | 0.14 8 | 28 Good
    6M Return % -3.21 -7.92
    -8.75
    		-22.03 | 1.48 5 | 28 Very Good
    1Y Return % 20.86 10.06
    11.57
    		2.74 | 26.86 4 | 24 Very Good
    3Y Return % 11.28 14.26
    14.71
    		8.94 | 26.02 15 | 18 Average
    1Y SIP Return % -25.84
    -4.05
    		-25.84 | 11.10 24 | 24 Poor
    3Y SIP Return % 14.05
    17.67
    		12.61 | 32.67 15 | 18 Average
    Standard Deviation 14.06
    14.06
    		11.19 | 17.36 12 | 20 Average
    Semi Deviation 10.01
    9.84
    		7.93 | 12.71 12 | 20 Average
    Max Drawdown % -19.66
    -13.92
    		-26.18 | -7.06 19 | 20 Poor
    VaR 1 Y % -18.95
    -17.26
    		-27.36 | -12.54 16 | 20 Poor
    Average Drawdown % -12.43
    -6.34
    		-12.43 | -4.33 20 | 20 Poor
    Sharpe Ratio 0.26
    0.62
    		0.20 | 1.38 16 | 20 Poor
    Sterling Ratio 0.36
    0.71
    		0.30 | 1.46 18 | 20 Poor
    Sortino Ratio 0.14
    0.34
    		0.12 | 0.75 17 | 20 Poor
    Jensen Alpha % -2.93
    3.68
    		-2.93 | 12.74 19 | 19 Poor
    Treynor Ratio 0.04
    0.10
    		0.03 | 0.21 17 | 19 Poor
    Modigliani Square Measure % 10.52
    16.77
    		10.52 | 27.67 19 | 19 Poor
    Alpha % -6.66
    2.21
    		-6.66 | 12.76 19 | 19 Poor
    Return data last Updated On : Jan. 31, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2024
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -4.88 -3.47 -5.11 -13.08 | -0.10 15 | 28
    3M Return % -3.75 -4.74 -5.80 -15.79 | 0.47 8 | 28
    6M Return % -2.79 -7.92 -8.19 -21.41 | 2.43 5 | 28
    1Y Return % 21.95 10.06 12.91 3.35 | 28.35 4 | 24
    3Y Return % 12.68 14.26 16.05 9.54 | 27.26 13 | 18
    1Y SIP Return % -25.11 -2.85 -25.11 | 13.28 24 | 24
    3Y SIP Return % 15.43 19.05 14.03 | 34.16 13 | 18
    Standard Deviation 14.06 14.06 11.19 | 17.36 12 | 20
    Semi Deviation 10.01 9.84 7.93 | 12.71 12 | 20
    Max Drawdown % -19.66 -13.92 -26.18 | -7.06 19 | 20
    VaR 1 Y % -18.95 -17.26 -27.36 | -12.54 16 | 20
    Average Drawdown % -12.43 -6.34 -12.43 | -4.33 20 | 20
    Sharpe Ratio 0.26 0.62 0.20 | 1.38 16 | 20
    Sterling Ratio 0.36 0.71 0.30 | 1.46 18 | 20
    Sortino Ratio 0.14 0.34 0.12 | 0.75 17 | 20
    Jensen Alpha % -2.93 3.68 -2.93 | 12.74 19 | 19
    Treynor Ratio 0.04 0.10 0.03 | 0.21 17 | 19
    Modigliani Square Measure % 10.52 16.77 10.52 | 27.67 19 | 19
    Alpha % -6.66 2.21 -6.66 | 12.76 19 | 19
    Return data last Updated On : Jan. 31, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2024
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D 0.98 ₹ 10,098.00 0.98 ₹ 10,098.00
    1W 0.40 ₹ 10,040.00 0.43 ₹ 10,043.00
    1M -4.94 ₹ 9,506.00 -4.88 ₹ 9,512.00
    3M -3.95 ₹ 9,605.00 -3.75 ₹ 9,625.00
    6M -3.21 ₹ 9,679.00 -2.79 ₹ 9,721.00
    1Y 20.86 ₹ 12,086.00 21.95 ₹ 12,195.00
    3Y 11.28 ₹ 13,780.00 12.68 ₹ 14,308.00
    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 -25.84 ₹ 10,235.89 -25.11 ₹ 10,288.12
    3Y ₹ 36000 14.05 ₹ 44,400.56 15.43 ₹ 45,293.62
    5Y ₹ 60000 ₹ ₹
    7Y ₹ 84000 ₹ ₹
    10Y ₹ 120000 ₹ ₹
    15Y ₹ 180000 ₹ ₹


    Date Axis Innovation Fund NAV Regular Growth Axis Innovation Fund NAV Direct Growth
    31-01-2025 17.5 18.5
    30-01-2025 17.33 18.32
    29-01-2025 17.3 18.28
    28-01-2025 16.96 17.92
    27-01-2025 17.01 17.98
    24-01-2025 17.43 18.42
    23-01-2025 17.61 18.61
    20-01-2025 17.88 18.9
    16-01-2025 17.81 18.82
    15-01-2025 17.65 18.65
    14-01-2025 17.52 18.51
    13-01-2025 17.3 18.27
    10-01-2025 17.84 18.84
    09-01-2025 18.13 19.15
    08-01-2025 18.24 19.27
    07-01-2025 18.42 19.45
    06-01-2025 18.46 19.5
    03-01-2025 18.69 19.75
    02-01-2025 18.7 19.76
    01-01-2025 18.45 19.49
    31-12-2024 18.41 19.45

    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.