Axis Innovation Fund
Axis Innovation Fund maintains a pronounced tilt toward high-growth consumer and fintech plays, with retail stocks alone commanding nearly 19 percent of the portfolio. The fund's concentrated positioning in 76 holdings—where the top five represent just under a fifth of assets—suggests the manager is placing meaningful conviction bets on disruptive business models rather than diversifying broadly. Recent pruning of defensive pharmaceuticals and apparel in favor of Bosch signals a pivot toward structural growth themes in electrical equipment and manufacturing, while the 1.3 percentage point surge in Clearing Corporation hints at rising confidence in capital markets infrastructure amid India's growth trajectory.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹20.2700 | — | — | — | — |
| Regular Growth | ₹18.9400 | +1.61% | +4.81% | +15.66% | +12.80% |
| Direct IDCW | ₹16.9700 | — | — | — | — |
| Regular IDCW | ₹15.8500 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Bosch Limited | 0.83% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Eternal Limited INE758T01015 | 6.22% |
| 2 | Billionbrains Garage Ventures Ltd INE0HOQ01053 | 4.44% |
| 3 | One 97 Communications Limited INE982J01020 | 3.47% |
| 4 | Clearing Corporation of India Ltd | 2.94% |
| 5 | FSN E-Commerce Ventures Limited INE388Y01029 | 2.68% |
| 6 | Aether Industries Limited INE0BWX01014 | 2.66% |
| 7 | Lenskart Solutions Limited INE956O01016 | 2.64% |
| 8 | PB Fintech Limited INE417T01026 | 2.54% |
| 9 | Ather Energy Limited INE0LEZ01016 | 2.38% |
| 10 | GE Vernova T&D India Limited INE200A01026 | 2.36% |
| 11 | Info Edge (India) Limited INE663F01032 | 2.23% |
| 12 | Meesho Ltd INE0VDM01015 | 2.12% |
| 13 | Affle 3i Limited INE00WC01027 | 2.11% |
| 14 | Black Buck Ltd INE0UIZ01018 | 2.01% |
| 15 | Delhivery Limited INE148O01028 | 2.01% |
| 16 | Jain Resource Recycling Limited INE0YD401026 | 1.98% |
| 17 | Sona BLW Precision Forgings Limited INE073K01018 | 1.96% |
| 18 | Bajaj Finserv Limited INE918I01026 | 1.84% |
| 19 | PTC Industries Limited INE596F01018 | 1.84% |
| 20 | Pidilite Industries Limited INE318A01026 | 1.82% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Axis Innovation Fund hold?
Axis Innovation Fund holds 75 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 19.75% of NAV.
What is the largest holding in Axis Innovation Fund?
The largest position in Axis Innovation Fund is Eternal Limited, accounting for 6.22% of NAV in the Retailing sector.
Is Axis Innovation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.406, Axis Innovation Fund is well-diversified. The HHI concentration index is 21,284 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 19.75% of the portfolio.
What is the market cap allocation of Axis Innovation Fund?
Based on SEBI's AMFI classification, Axis Innovation Fund's equity portfolio is split as: Large Cap: 20.45%, Mid Cap: 26.91%, Small Cap: 33.77%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Axis Innovation Fund invest in most?
Axis Innovation Fund has the highest allocation to Retailing (18.70%), Chemicals & Petrochemicals (7.95%), Financial Technology (Fintech) (7.08%). The fund is invested across 38 sectors in total.
How actively managed is Axis Innovation Fund compared to other Sectoral / Thematic funds?
Axis Innovation Fund has an Active Share of 84.10%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Axis Innovation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Axis Innovation Fund added 1 new stock (including Bosch Limited) and exited 2 stocks (including Sun Pharmaceutical Industries Limited). Total holding count decreased from 77 to 76 stocks.