Previously Known As : Axis Special Situations Fund
Axis Innovation Fund Overview
Category Sectoral/ Thematic
BMSMONEY Rank 15
Rating
Growth Option 21-02-2025
NAV ₹16.76(R) -1.0% ₹17.72(D) -1.01%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 13.4% 10.95% -% -% -%
Direct 14.4% 12.37% -% -% -%
Nifty 500 TRI 3.79% 13.47% 16.97% 13.57% 12.47%
SIP (XIRR) Regular -32.25% 11.08% -% -% -%
Direct -31.54% 12.43% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.26 0.14 0.41 -1.88% 0.04
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.1% -18.06% -15.8% 0.91 10.02%
Top Sectoral/ Thematic
Fund Name Rank Rating
Icici Prudential India Opportunities Fund 1
Franklin India Opportunities Fund 2
ITI Pharma and Healthcare Fund 3
Icici Prudential Exports And Services Fund 4
Sundaram Services Fund 5

NAV Date: 21-02-2025

Scheme Name NAV Rupee Change Percent Change
Axis Innovation Fund - Regular Plan - IDCW 16.76
-0.1700
-1.0000%
Axis Innovation Fund - Regular Plan - Growth Option 16.76
-0.1700
-1.0000%
Axis Innovation Fund - Direct Plan - Growth Option 17.72
-0.1800
-1.0100%
Axis Innovation Fund - Direct Plan - IDCW 17.72
-0.1800
-1.0100%

Review Date: 21-02-2025

Axis Innovation Fund has shown poor performance in the Sectoral/ Thematic Fund category. The fund has rank of 15 out of 20 funds in the category. The fund has delivered return of 13.4% in 1 year and 10.95% in 3 years. The category average for the same periods is 4.9% and 14.59% respectively, which shows good return performance of fund in the category. The fund has exhibited standard deviation of 14.1, VaR of -18.06, Average Drawdown of -9.44, Semi Deviation of 10.02 and Max Drawdown of -15.8. The category average for the same parameters is 14.44, -18.97, -6.36, 10.19 and -13.2 respectively. The fund has average risk in the category.
  • standard deviation of 14.1 and based on VaR one can expect to lose more than -18.06% 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 0.91 and Jensen's Alpha of -1.88% which exhibit poor performance in the sectoral/ thematic fund category .


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    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    3M Return % -6.11 -5.00
    -6.80
    		-17.77 | -1.41 17 | 30 Average
    6M Return % -8.11 -11.16
    -12.27
    		-25.15 | -4.83 8 | 30 Very Good
    1Y Return % 13.40 3.79
    4.90
    		-3.85 | 13.40 1 | 26 Very Good
    3Y Return % 10.95 13.47
    14.59
    		8.65 | 24.95 14 | 20 Average
    1Y SIP Return % -32.25
    -11.10
    		-32.25 | 0.78 26 | 26 Poor
    3Y SIP Return % 11.08
    14.90
    		8.68 | 27.80 17 | 20 Poor
    Standard Deviation 14.10
    14.44
    		11.55 | 18.43 10 | 20 Good
    Semi Deviation 10.02
    10.19
    		8.23 | 13.82 10 | 20 Good
    Max Drawdown % -15.80
    -13.20
    		-22.23 | -7.90 17 | 20 Poor
    VaR 1 Y % -18.06
    -18.97
    		-30.37 | -13.22 11 | 20 Average
    Average Drawdown % -9.44
    -6.36
    		-9.44 | -4.18 20 | 20 Poor
    Sharpe Ratio 0.26
    0.51
    		0.08 | 1.17 17 | 20 Poor
    Sterling Ratio 0.41
    0.65
    		0.27 | 1.24 18 | 20 Poor
    Sortino Ratio 0.14
    0.28
    		0.07 | 0.62 17 | 20 Poor
    Jensen Alpha % -1.88
    1.56
    		-6.67 | 11.91 17 | 20 Poor
    Treynor Ratio 0.04
    0.08
    		0.01 | 0.18 17 | 20 Poor
    Modigliani Square Measure % 10.60
    14.37
    		6.71 | 24.99 17 | 20 Poor
    Alpha % -3.06
    0.86
    		-5.50 | 11.81 17 | 20 Poor
    Return data last Updated On : Feb. 21, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Jan. 31, 2025
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    3M Return % -5.89 -5.00 -6.52 -17.40 | -1.03 17 | 30
    6M Return % -7.71 -11.16 -11.74 -24.46 | -4.28 8 | 30
    1Y Return % 14.40 3.79 6.12 -2.91 | 14.40 1 | 26
    3Y Return % 12.37 13.47 15.89 9.24 | 26.19 15 | 20
    1Y SIP Return % -31.54 -10.02 -31.54 | 2.42 26 | 26
    3Y SIP Return % 12.43 16.23 10.09 | 29.28 16 | 20
    Standard Deviation 14.10 14.44 11.55 | 18.43 10 | 20
    Semi Deviation 10.02 10.19 8.23 | 13.82 10 | 20
    Max Drawdown % -15.80 -13.20 -22.23 | -7.90 17 | 20
    VaR 1 Y % -18.06 -18.97 -30.37 | -13.22 11 | 20
    Average Drawdown % -9.44 -6.36 -9.44 | -4.18 20 | 20
    Sharpe Ratio 0.26 0.51 0.08 | 1.17 17 | 20
    Sterling Ratio 0.41 0.65 0.27 | 1.24 18 | 20
    Sortino Ratio 0.14 0.28 0.07 | 0.62 17 | 20
    Jensen Alpha % -1.88 1.56 -6.67 | 11.91 17 | 20
    Treynor Ratio 0.04 0.08 0.01 | 0.18 17 | 20
    Modigliani Square Measure % 10.60 14.37 6.71 | 24.99 17 | 20
    Alpha % -3.06 0.86 -5.50 | 11.81 17 | 20
    Return data last Updated On : Feb. 21, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Jan. 31, 2025
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D -1.00 ₹ 9,900.00 -1.01 ₹ 9,899.00
    1W -0.65 ₹ 9,935.00 -0.62 ₹ 9,938.00
    1M ₹ ₹
    3M -6.11 ₹ 9,389.00 -5.89 ₹ 9,411.00
    6M -8.11 ₹ 9,189.00 -7.71 ₹ 9,229.00
    1Y 13.40 ₹ 11,340.00 14.40 ₹ 11,440.00
    3Y 10.95 ₹ 13,659.00 12.37 ₹ 14,187.00
    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 -32.25 ₹ 9,769.94 -31.54 ₹ 9,822.48
    3Y ₹ 36000 11.08 ₹ 42,529.46 12.43 ₹ 43,370.03
    5Y ₹ 60000 ₹ ₹
    7Y ₹ 84000 ₹ ₹
    10Y ₹ 120000 ₹ ₹
    15Y ₹ 180000 ₹ ₹


    Date Axis Innovation Fund NAV Regular Growth Axis Innovation Fund NAV Direct Growth
    21-02-2025 16.76 17.72
    20-02-2025 16.93 17.9
    19-02-2025 16.88 17.86
    18-02-2025 16.75 17.71
    17-02-2025 16.82 17.79
    14-02-2025 16.87 17.83
    13-02-2025 17.16 18.15
    12-02-2025 17.07 18.05
    11-02-2025 17.16 18.14
    10-02-2025 17.55 18.56
    07-02-2025 17.78 18.8
    06-02-2025 17.78 18.8
    05-02-2025 17.82 18.84
    03-02-2025 17.52 18.52
    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

    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.