Investment Objective and Approach

Axis Innovation Fund is an equity scheme with an investment objective to generate wealth over the long term 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.

The fund follows a specialized investment approach focusing on identifying opportunities in companies experiencing transformational changes or operating in innovative sectors. The scheme predominantly invests across equity instruments to generate long-term capital appreciation.

Key Investment Features:

- Launch Date: December 24, 2020

- Latest NAV: ₹19.39 as of September 27, 2024

- AUM: ₹1,278.78 crores as of September 29, 2024

- Expense Ratio: 2.23% for regular plan

- Minimum SIP: ₹1,000 (can be increased in multiples of ₹100)

- Performance: 19.248% annualized return over 3 years

Fund Managers

The fund is managed by a team of experienced professionals including Ashish Naik, Krishnaa Narayan, and Mayank Hyanki.

Ashish Naik serves as the lead fund manager. He holds a B.E. from Mumbai University and MBA from XLRI, Jamshedpur. Prior to joining Axis Mutual Fund, he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst. His expertise in identifying special situations and value opportunities makes him well-suited to manage this specialized equity fund.

The fund management team brings together diverse experience in equity research, portfolio management, and market analysis, enabling them to identify and capitalize on unique investment opportunities in the innovation and special situations space.

About the Fund House (AMC)

Axis Asset Management Company Ltd. is the mutual fund investment division of Axis Bank. Axis Bank holds a 74.99% share in the AMC, and Schroder Singapore Holdings Private Limited owns the remaining 24%.

Key AMC Highlights:

- Establishment: Axis Mutual Fund launched its first scheme in 2009

- Total AUM: ₹2.74 lakh crores as of March 31, 2024

- Global Presence: 31 investment teams operating across 19 nations in the Middle East, Europe, America, and Asia

- Product Range: Over 53 different schemes

- Reach: Present in over 100 cities with over 98 lakh active investor accounts

Axis Mutual Fund has established itself as a prominent player in the Indian mutual fund industry, backed by the credibility of Axis Bank and international expertise from Schroder. The AMC's focus on innovation and comprehensive research capabilities positions it well to manage specialized funds like the Innovation Fund.

Should I Invest in Axis Innovation Fund?

Consider This Fund If:

- You seek long-term capital appreciation through equity investments

- You want exposure to companies undergoing transformational changes

- You have a high risk tolerance and investment horizon of at least 5-7 years

- You understand special situations investing and innovation-focused strategies

- You prefer active fund management over passive investing

Investment Considerations:

- Risk Profile: The fund is rated Very High risk, making it suitable only for investors with high risk appetite

- Exit Load: 1% charged for redemption within 12 months for units in excess of 10% of investment

- Taxation: Returns are taxed at 20% if redeemed within one year, and at 12.5% for gains exceeding ₹1.25 lakh if redeemed after one year

Performance Track Record:

The fund has demonstrated strong performance since inception with significant returns, though past performance doesn't guarantee future results. The specialized nature of the strategy requires careful evaluation based on your investment goals and risk profile.

Ideal For:

- Experienced investors familiar with equity market volatility

- Those seeking diversification through innovation and special situations themes

- Investors with patient capital and long-term wealth creation objectives

FAQs

What is today's NAV of Axis Innovation Fund?

The latest NAV of Axis Innovation Fund is ₹19.39 as of September 27, 2024. NAVs are updated daily after market closure.

What is the AUM of Axis Innovation Fund?

The fund has an AUM of ₹1,278.78 crores as of September 29, 2024. AUM reflects the total value of assets managed by the fund.

What is the expense ratio of Axis Innovation Fund?

The expense ratio is 2.23% for the regular plan. This covers fund management fees and operational expenses.

What are the returns of Axis Innovation Fund since inception?

The fund has delivered an annualized return of 19.248% over a 3-year period. Returns may vary based on market conditions and investment timing.

What is the minimum SIP amount to invest in Axis Innovation Fund?

The minimum SIP amount is ₹1,000, which can be increased in multiples of ₹100. This makes it accessible for systematic investment planning.

How do I invest in Axis Innovation Fund?

You can invest through Allvest's platform, AMC website, or authorized distributors. Allvest offers a seamless online investment experience with comprehensive research and tracking tools.

How to start a SIP in Axis Innovation Fund?

Create an account with Allvest, complete KYC verification, select the fund, choose SIP frequency and amount. The platform will automatically deduct the amount and invest on your behalf.

How do I automate an SIP in Axis Innovation Fund?

Through Allvest, set up auto-debit instructions with your bank account. The platform will handle automatic monthly investments, ensuring disciplined investing without manual intervention.

How can I withdraw/redeem my investment in Axis Innovation Fund?

Log into your Allvest account, select the fund, choose redemption amount, and submit the request. Funds are typically credited to your bank account within 3-4 business days after processing.