What stocks does Axis Innovation Fund hold?

Axis Innovation Fund holds a portfolio of Indian equity stocks disclosed monthly by Axis Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Axis Innovation Fund?

Axis Innovation Fund is managed by Axis Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Axis Innovation Fund?

Axis Innovation Fund is classified as a Equity mutual fund under SEBI's mutual fund categorisation framework.

How often is Axis Innovation Fund portfolio data updated?

Portfolio holdings for Axis Innovation Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← Axis Mutual Fund

Axis Innovation Fund - Direct Plan - Growth Option

Equity Data as of May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹936.74 Cr

Equity only, excl. debt & cash

Top 5 Weight

19.2%

Diversified

Top 10 Weight

31.8%

Diversified

Changes

0 new · 1 exits

Top Sector

Retailing

18.8% of portfolio

📋 What Happened This Month Axis Innovation Fund exited 1 stock from its portfolio this month. Bharti Airtel Limited was the biggest exit (Telecom - Services), which was held at 1.76%. Among existing holdings, GE Vernova T&D India Limited saw the biggest increase — now at 2.75% of the portfolio. Billionbrains Garage Ventures Ltd was trimmed the most, now at 3.85%. Eternal Limited remains the top holding with Retailing the dominant sector at 18.8%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Axis Innovation Fund - Direct Plan - Growth Option

+1.67%

+13.18%

+1.57%

+5.51%

Latest NAV

₹20.69

24 Jun 2026

52W High

₹20.81

-1% from High

52W Low

₹16.51

+25% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+4.2%

2024

+29.2%

2023

+25.6%

2022

-12.0%

2021

+35.5%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

13.8%

+ve in 81% windows

47.5% / -15.2%

3Y Rolling Avg

16.2% p.a.

+ve in 100% windows

22.3% / 9.0%

5Y Rolling Avg

13.3% p.a.

+ve in 100% windows

15.1% / 10.6%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-19.2%

Rec: Sep 2025 (8 mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

-22.1%

Rec: Aug 2023 (1yr 9mo)

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. What do these mean? →

Sharpe Ratio (3Y)

0.78

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.11

Penalises downside volatility only.

Std Deviation (3Y)

13.1%

Lower = more consistent returns.

NAV Chart ₹20.69 24 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

Axis Innovation Fund - Direct Plan - Growth Option

Chart shows indexed performance (base = 100). Actual NAV: ₹20.69

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Retailing	18.2%	18.7%	▲ +0.5%
Chemicals & Petrochemicals	8.5%	8.0%	▼ -0.6%
Financial Technology (Fintech)	6.9%	7.1%	▲ +0.2%
Electrical Equipment	4.8%	5.3%	▲ +0.5%
Capital Markets	4.2%	4.4%	▲ +0.2%
Transport Services	4.6%	4.2%	▼ -0.4%
Auto Components	3.1%	4.0%	▲ +0.9%
Automobiles	4.0%	3.9%	▼ -0.1%
IT - Services	4.1%	3.6%	▼ -0.5%
Pharmaceuticals & Biotechnology	5.0%	3.4%	▼ -1.5%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Retailing	18.7%	18.8%	● +0.1%
Chemicals & Petrochemicals	8.0%	8.0%	● +0.1%
Financial Technology (Fintech)	7.1%	7.0%	● -0.1%
Electrical Equipment	5.3%	6.0%	▲ +0.7%
Transport Services	4.2%	4.0%	▼ -0.2%
Auto Components	4.0%	4.0%	● 0.0%
Automobiles	3.9%	4.0%	● +0.1%
Capital Markets	4.4%	3.9%	▼ -0.6%
IT - Services	3.6%	3.7%	● +0.1%
Pharmaceuticals & Biotechnology	3.4%	3.6%	▲ +0.2%

🔴

Biggest Exit

Bharti Airtel Limited

1.76% was held · Telecom - Services

↑

Biggest Add

GE Vernova T&D India Limited

+0.39% · now 2.75%

↓

Biggest Trim

Billionbrains Garage Ventures Ltd

-0.59% · now 3.85%

👋 Other funds also exited

Bharti Airtel Limited 20 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🔴 1 Exit ↑ 26 Increased ↓ 18 Decreased

#	Stock	Sector	Last Weight (Apr 2026)
1	Bharti Airtel Limited ₹20.72 Cr	Telecom - Services	1.76%

#	Stock	Sector	Apr 2026	May 2026	Change
1	GE Vernova T&D India Limited ₹32.05 Cr	Electrical Equipment	2.36%	2.75%	+0.39%
2	Wakefit Innovations Limited ₹13.64 Cr	Consumer Durables	0.86%	1.17%	+0.31%
3	Ideaforge Technology Limited ₹10.32 Cr	Aerospace & Defense	0.63%	0.88%	+0.25%
4	Siemens Energy India Limited ₹17.41 Cr	Electrical Equipment	1.25%	1.49%	+0.24%
5	Sai Life Sciences Limited ₹20.92 Cr	Pharmaceuticals & Biotechnology	1.64%	1.79%	+0.15%
6	Eternal Limited ₹74.21 Cr	Retailing	6.22%	6.36%	+0.14%
7	Neogen Chemicals Limited ₹13.60 Cr	Chemicals & Petrochemicals	1.04%	1.17%	+0.13%
8	Honeywell Automation India Limited ₹11.67 Cr	Industrial Manufacturing	0.87%	1.00%	+0.13%
9	Pidilite Industries Limited ₹22.60 Cr	Chemicals & Petrochemicals	1.82%	1.94%	+0.12%
10	One 97 Communications Limited ₹41.73 Cr	Financial Technology (Fintech)	3.47%	3.58%	+0.11%
11	Ather Energy Limited ₹28.93 Cr	Automobiles	2.38%	2.48%	+0.10%
12	Swiggy Limited ₹18.42 Cr	Retailing	1.49%	1.58%	+0.09%
13	PB Fintech Limited ₹30.57 Cr	Financial Technology (Fintech)	2.54%	2.62%	+0.08%
14	Affle 3i Limited ₹25.60 Cr	IT - Services	2.11%	2.19%	+0.08%
15	Info Edge (India) Limited ₹26.81 Cr	Retailing	2.23%	2.30%	+0.07%
16	Jain Resource Recycling Limited ₹23.96 Cr	Diversified Metals	1.98%	2.05%	+0.07%
17	Wework India Management Limited ₹7.93 Cr	Commercial Services & Supplies	0.61%	0.68%	+0.07%
18	Lenskart Solutions Limited ₹31.56 Cr	Retailing	2.64%	2.70%	+0.06%
19	Bajaj Finserv Limited ₹22.13 Cr	Finance	1.84%	1.90%	+0.06%
20	Divi's Laboratories Limited ₹21.41 Cr	Pharmaceuticals & Biotechnology	1.77%	1.83%	+0.06%
21	Dixon Technologies (India) Limited ₹13.72 Cr	Consumer Durables	1.13%	1.18%	+0.05%
22	Carborundum Universal Limited ₹5.78 Cr	Industrial Products	0.45%	0.50%	+0.05%
23	PTC Industries Limited ₹21.87 Cr	Industrial Products	1.84%	1.87%	+0.03%
24	Siemens Limited ₹20.49 Cr	Electrical Equipment	1.73%	1.76%	+0.03%
25	Bosch Limited ₹9.99 Cr	Auto Components	0.83%	0.86%	+0.03%
26	Sona BLW Precision Forgings Limited ₹23.09 Cr	Auto Components	1.96%	1.98%	+0.02%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Billionbrains Garage Ventures Ltd ₹44.88 Cr	Capital Markets	4.44%	3.85%	-0.59%
2	Pine Labs Limited ₹9.43 Cr	Financial Technology (Fintech)	1.07%	0.81%	-0.26%
3	Jyoti CNC Automation Ltd ₹11.00 Cr	Industrial Manufacturing	1.18%	0.94%	-0.24%
4	Urban Company Ltd. ₹13.36 Cr	Retailing	1.32%	1.15%	-0.17%
5	Aether Industries Limited ₹29.28 Cr	Chemicals & Petrochemicals	2.66%	2.51%	-0.15%
6	Black Buck Ltd ₹22.06 Cr	Transport Services	2.01%	1.89%	-0.12%
7	Capillary Technologies India Limited ₹17.84 Cr	IT - Software	1.63%	1.53%	-0.10%
8	Meesho Ltd ₹23.68 Cr	Retailing	2.12%	2.03%	-0.09%
9	Bharat Electronics Limited ₹19.00 Cr	Aerospace & Defense	1.70%	1.63%	-0.07%
10	Tenneco Clean Air India Limited ₹13.56 Cr	Auto Components	1.22%	1.16%	-0.06%
11	Delhivery Limited ₹22.94 Cr	Transport Services	2.01%	1.97%	-0.04%
12	Blue Dart Express Limited ₹2.03 Cr	Transport Services	0.20%	0.17%	-0.03%
13	Mahindra & Mahindra Limited ₹17.67 Cr	Automobiles	1.53%	1.51%	-0.02%
14	Ellenbarrie Industrial Gases Limited ₹7.05 Cr	Chemicals & Petrochemicals	0.62%	0.60%	-0.02%
15	FSN E-Commerce Ventures Limited ₹31.19 Cr	Retailing	2.68%	2.67%	-0.01%
16	Linde India Limited ₹21.00 Cr	Chemicals & Petrochemicals	1.81%	1.80%	-0.01%
17	Sagility Limited ₹17.25 Cr	IT - Services	1.49%	1.48%	-0.01%
18	TBO Tek Limited ₹11.69 Cr	Leisure Services	1.01%	1.00%	-0.01%

What Stocks Does This Fund Hold?

45 stocks — May 2026

#	Stock	Sector	Weight & Value
1	Eternal Limited ₹74.21 Cr	Retailing	6.36%
2	Billionbrains Garage Ventures Ltd ₹44.88 Cr	Capital Markets	3.85%
3	One 97 Communications Limited ₹41.73 Cr	Financial Technology (Fintech)	3.58%
4	GE Vernova T&D India Limited ₹32.05 Cr	Electrical Equipment	2.75%
5	Lenskart Solutions Limited ₹31.56 Cr	Retailing	2.70%
6	FSN E-Commerce Ventures Limited ₹31.19 Cr	Retailing	2.67%
7	PB Fintech Limited ₹30.57 Cr	Financial Technology (Fintech)	2.62%
8	Aether Industries Limited ₹29.28 Cr	Chemicals & Petrochemicals	2.51%
9	Ather Energy Limited ₹28.93 Cr	Automobiles	2.48%
10	Info Edge (India) Limited ₹26.81 Cr	Retailing	2.30%
11	Affle 3i Limited ₹25.60 Cr	IT - Services	2.19%
12	Jain Resource Recycling Limited ₹23.96 Cr	Diversified Metals	2.05%
13	Meesho Ltd ₹23.68 Cr	Retailing	2.03%
14	Sona BLW Precision Forgings Limited ₹23.09 Cr	Auto Components	1.98%
15	Delhivery Limited ₹22.94 Cr	Transport Services	1.97%
16	Pidilite Industries Limited ₹22.60 Cr	Chemicals & Petrochemicals	1.94%
17	Bajaj Finserv Limited ₹22.13 Cr	Finance	1.90%
18	Black Buck Ltd ₹22.06 Cr	Transport Services	1.89%
19	PTC Industries Limited ₹21.87 Cr	Industrial Products	1.87%
20	Divi's Laboratories Limited ₹21.41 Cr	Pharmaceuticals & Biotechnology	1.83%
21	Linde India Limited ₹21.00 Cr	Chemicals & Petrochemicals	1.80%
22	Sai Life Sciences Limited ₹20.92 Cr	Pharmaceuticals & Biotechnology	1.79%
23	Siemens Limited ₹20.49 Cr	Electrical Equipment	1.76%
24	Bharat Electronics Limited ₹19.00 Cr	Aerospace & Defense	1.63%
25	Swiggy Limited ₹18.42 Cr	Retailing	1.58%
26	Capillary Technologies India Limited ₹17.84 Cr	IT - Software	1.53%
27	Mahindra & Mahindra Limited ₹17.67 Cr	Automobiles	1.51%
28	Siemens Energy India Limited ₹17.41 Cr	Electrical Equipment	1.49%
29	Sagility Limited ₹17.25 Cr	IT - Services	1.48%
30	Dixon Technologies (India) Limited ₹13.72 Cr	Consumer Durables	1.18%
31	Wakefit Innovations Limited ₹13.64 Cr	Consumer Durables	1.17%
32	Neogen Chemicals Limited ₹13.60 Cr	Chemicals & Petrochemicals	1.17%
33	Tenneco Clean Air India Limited ₹13.56 Cr	Auto Components	1.16%
34	Urban Company Ltd. ₹13.36 Cr	Retailing	1.15%
35	TBO Tek Limited ₹11.69 Cr	Leisure Services	1.00%
36	Honeywell Automation India Limited ₹11.67 Cr	Industrial Manufacturing	1.00%
37	Go Digit General Insurance Limited ₹11.43 Cr	Insurance	0.98%
38	Jyoti CNC Automation Ltd ₹11.00 Cr	Industrial Manufacturing	0.94%
39	Ideaforge Technology Limited ₹10.32 Cr	Aerospace & Defense	0.88%
40	Bosch Limited ₹9.99 Cr	Auto Components	0.86%
41	Pine Labs Limited ₹9.43 Cr	Financial Technology (Fintech)	0.81%
42	Wework India Management Limited ₹7.93 Cr	Commercial Services & Supplies	0.68%
43	Ellenbarrie Industrial Gases Limited ₹7.05 Cr	Chemicals & Petrochemicals	0.60%
44	Carborundum Universal Limited ₹5.78 Cr	Industrial Products	0.50%
45	Blue Dart Express Limited ₹2.03 Cr	Transport Services	0.17%