QUICK FUND SUMMARY
Axis Innovation Fund Growth is an equity mutual fund managing assets worth ₹1,345.33 Cr. The current NAV is ₹21.19 as of Oct 14. It has delivered a 5-year CAGR of 8.74%. Investors can start with a minimum SIP amount of ₹100. The fund primarily holds Eternal Ltd., Info Edge (India) Ltd., One97 Communications Ltd., Billionbrains Garage Ventures Ltd. and PB Fintech Ltd..
Axis Innovation Fund Details
Fund Size | ₹1,345.33 Cr |
Type | Equity: Sectoral/Thematic |
Minimum Investment | ₹100 |
NAV (Oct 14) | ₹21.19 |
Plan Type | Regular |
Launch Date | 24 Dec 2020 |
Lock in Period | 0 days |
Plan Option | Growth |
Expense Ratio | 2.29% |
Withdrawal Charge | Exit Load for units in excess of 20% of the investment,1% will be charged for redemption within 12 months. |
Axis Innovation Fund Holdings
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Returns That Could Have Been Yours
3 years ago, had you invested:
₹3,600
You could have made a profit of:
₹959
Your Total Value could have reached:
₹4,559
Axis Innovation Fund Risk Indicator
The risk of the scheme is very high
As per SEBI guidelines, we've provided a riskometer to help you gauge the potential risk level of a mutual fund, ensuring that your investments align with your financial goals and risk tolerance
FAQs on Axis Innovation Fund
Axis Innovation Fund is a Growth Equity mutual fund managed by Axis Mutual Fund.
The current NAV of Axis Innovation Fund is ₹21.19 as of Oct 14.
You can invest in Axis Innovation Fund directly on PhonePe Invest by searching for the fund, selecting your preferred mode (SIP or Lumpsum), and completing your KYC-verified investment in a few steps.
The minimum SIP amount for Axis Innovation Fund is ₹100.
The expense ratio of Axis Innovation Fund is 2.29%.
Axis Innovation Fund has an exit load as follows: exit Load for units in excess of 20% of the investment,1% will be charged for redemption within 12 months.
Short-term capital gains (STCG) on Axis Innovation Fund are taxed at a flat rate of 20% (plus applicable surcharge and 4% health & education cess) if you redeem your units within 12 months of purchase. If you hold your units for more than 12 months, the gains are classified as Long-Term Capital Gains (LTCG) and taxed at 12.5% without indexation benefits, but only on the component of total equity capital gains that exceeds ₹1.25 Lakh in a single financial year. Gains up to ₹1.25 Lakh are tax-exempt. The information set out above is included for general information purposes only and does not constitute legal, financial or tax advice. Tax laws are complex and subject to frequent amendments by the Government of India. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the mutual fund scheme.
Disclaimer: Past performance is not an indicator of future returns.
Mutual Fund investments are subject to market risks, read all scheme related documents and carefully for more information.