COMPARE
Axis Innovation Fund - Direct Plan - Growth Option vs Axis Quant Fund - Direct Plan - Growth
Axis Innovation Fund and Axis Quant Fund are both in the Thematic Fund category, from Axis Asset Management Co. Ltd.. Axis Innovation Fund has posted a higher 3-year rolling CAGR. Axis Innovation Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Axis Innovation Fund has the lower direct-plan expense ratio, by 1.38 percentage points.
| Axis Innovation Fund - Direct Plan - Growth Option | Axis Quant Fund - Direct Plan - Growth | |
|---|---|---|
| Category | Thematic Fund | Thematic Fund |
| AMC | Axis Asset Management Co. Ltd. | Axis Asset Management Co. Ltd. |
| Benchmark | Nifty 500 TRI | BSE 200 TRI |
| NAV | ₹22.26 (2026-10-28) | ₹15.62 (2026-10-28) |
| AUM | ₹1,295.798 Cr | ₹739.579 Cr |
| Expense Ratio (Direct) | 1.35% | 2.73% |
| Inception | 2020-12-04 | 2021-06-11 |
Returns
Axis Innovation Fund leads on 3-year rolling CAGR (16.2% vs Axis Quant Fund's 14.5%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Axis Innovation Fund has been the more volatile of the two by standard deviation.
| Axis Innovation Fund - Direct Plan - Growth Option | Axis Quant Fund - Direct Plan - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.52 | -0.07 |
| 3Y Alpha | 6.659% | -2.3631% |
| 3Y Std Deviation | 15.0729% | 14.0379% |
| 3Y Calmar Ratio | 0.76 | 0.26 |
Portfolio Analytics
Axis Innovation Fund carries the higher portfolio YTM.
| Axis Innovation Fund - Direct Plan - Growth Option | Axis Quant Fund - Direct Plan - Growth | |
|---|---|---|
| P/E Ratio | 69.3577 | 18.4583 |
| P/B Ratio | - | - |
| Dividend Yield | 0.1522% | 1.337% |
| Active Share | 92.44% | 76.26% |
| Portfolio Turnover | 83% | 684% |
| YTM | 5.28% | 5.2393% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Axis Innovation Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Axis Innovation Fund or Axis Quant Fund?
Axis Innovation Fund's 3-year rolling CAGR of 16.2% is higher than Axis Quant Fund's 14.5%. Axis Innovation Fund sits in the 39th percentile of its category on this metric, versus the 26th percentile for Axis Quant Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Axis Innovation Fund or Axis Quant Fund?
Axis Innovation Fund's direct-plan expense ratio is 1.38 percentage points lower than Axis Quant Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Axis Innovation Fund or Axis Quant Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Axis Innovation Fund has been more volatile than Axis Quant Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.52 for Axis Innovation Fund vs -0.07 for Axis Quant Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Axis Innovation Fund or Axis Quant Fund?
Axis Innovation Fund has ₹1,296 Cr in assets under management, versus ₹740 Cr for Axis Quant Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), Axis Innovation Fund or Axis Quant Fund?
Axis Innovation Fund's portfolio YTM (5.28%) is higher than Axis Quant Fund's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which fund has a longer track record, Axis Innovation Fund or Axis Quant Fund?
Axis Innovation Fund launched on 2020-12-04, making it older than Axis Quant Fund (launched 2021-06-11). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.