Axis Innovation Fund
Thematic-InnovationVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹21.84+1.68%1 day
- Return since launch
- 13.9%
- 52-week range
- ₹16.63 — ₹22.18
- AUM
- ₹1,315 Cr
Axis Innovation Fund is a Thematic-Innovation equity fund from Axis Mutual Fund with ₹1,315 Cr under management, launched in 2020. Over three years it has returned 14.3% a year, against 14.4% for its category. The expense ratio is 2.28% and the SEBI riskometer reading is Very High.
Performance
Axis Innovation Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +13.3% against +6.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 24.9% | +16.7 pts | 8.2% | 14.0% |
| 2Y | 16.1% | +5.2 pts | 10.9% | 10.1% |
| 3Y | 14.3% | −0.1 pts | 14.4% | 10.3% |
| 5Y | 14.9% | +4.0 pts | 10.9% | 13.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.6% | −0.9 pts | 3.5% | 3.7% |
| 3M | 3.2% | +3.6 pts | -0.4% | -1.2% |
| 6M | 13.7% | +4.0 pts | 9.7% | 8.2% |
| 1Y | 15.4% | +7.2 pts | 8.2% | 6.9% |
| 2Y | 9.1% | +3.2 pts | 5.9% | 5.9% |
| 3Y | 17.6% | +3.2 pts | 14.4% | 15.9% |
| 5Y | 9.5% | −1.3 pts | 10.9% | 9.9% |
Since launch (4 Dec 2020): 13.9%
Calendar-year returns
Category average33.6%
-13.3%
23.7%
27.7%
3.2%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 3.2% | +0.8 pts | 2.4% |
| 2024 | 27.7% | −1.1 pts | 28.8% |
| 2023 | 23.7% | −8.4 pts | 32.2% |
| 2022 | -13.3% | −3.8 pts | -9.4% |
| 2021 | 33.6% | −3.4 pts | 37.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.27%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.83%
- Brokerage
- 0.05%
- Transaction charges
- 0.00%
- Statutory levies
- 0.39%
- Exit load
- Exit Load for units in excess of 20% of the investment,1% will be charged for redemption within 12 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 6.88 | 5.46 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.82 | 0.96 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.75 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.19 | 0.82 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.85 | 16.54 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Axis Innovation Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity93.2%
- Debt7.2%
Market cap split
- Large30.3%
- Mid31.0%
- Small38.7%
- P/E
- 52.49
- P/B
- 7.30
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 6.43% | ₹86.47 Cr | +5.29% | +3.30% | +3.22% |
| Eternal Ltd. | Services | 4.97% | ₹66.88 Cr | +6.53% | +5.31% | +2.68% |
| One 97 Communications Ltd. | Services | 3.63% | ₹48.77 Cr | +3.55% | +3.44% | — |
| Ather Energy Ltd. | Automobile | 3.18% | ₹42.77 Cr | +2.85% | +2.39% | +1.39% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 3.07% | ₹41.27 Cr | +2.59% | +2.89% | — |
| FSN E-Commerce Ventures Ltd. | Services | 2.83% | ₹38.05 Cr | +3.08% | +2.69% | +1.49% |
| Aether Industries Ltd. | Chemicals | 2.72% | ₹36.59 Cr | +3.02% | +2.81% | +1.74% |
| Meesho Ltd. | Services | 2.40% | ₹32.34 Cr | +2.28% | +1.53% | — |
| Billionbrains Garage Ventures Ltd. | Financial | 2.32% | ₹31.21 Cr | +4.09% | +4.22% | — |
| Sona BLW Precision Forgings Ltd. | Automobile | 2.29% | ₹30.86 Cr | +1.96% | +1.76% | +1.33% |
| PTC Industries Ltd. | Metals & Mining | 2.23% | ₹29.97 Cr | +1.93% | +1.95% | +1.76% |
| INDO-MIM Ltd. | Capital Goods | 2.11% | ₹28.37 Cr | — | — | — |
| Affle 3I Ltd. | Technology | 1.97% | ₹26.44 Cr | +2.07% | +2.44% | +1.65% |
| BlackBuck Ltd. | Services | 1.95% | ₹26.27 Cr | +1.91% | +2.40% | — |
| Siemens Ltd. | Capital Goods | 1.94% | ₹26.10 Cr | +1.60% | +1.51% | +1.39% |
| Neogen Chemicals Ltd. | Chemicals | 1.90% | ₹25.62 Cr | +1.24% | +1.34% | +1.51% |
| Sai Life Sciences Ltd. | Healthcare | 1.87% | ₹25.19 Cr | +1.86% | +1.69% | +1.22% |
| Capillary Technologies India Ltd. | Technology | 1.74% | ₹23.47 Cr | +1.49% | +1.61% | — |
| Divi's Laboratories Ltd. | Healthcare | 1.72% | ₹23.12 Cr | +1.76% | +1.84% | +1.25% |
| Wakefit Innovations Ltd. | Consumer Discretionary | 1.68% | ₹22.55 Cr | +1.14% | +1.07% | — |
| PI Industries Ltd. | Chemicals | 1.66% | ₹22.27 Cr | +0.26% | — | — |
| Urban Company Ltd. | Consumer Staples | 1.60% | ₹21.55 Cr | +1.22% | +1.17% | — |
| Bajaj Finserv Ltd. | Financial | 1.60% | ₹21.48 Cr | +1.84% | +1.95% | +0.86% |
| Pidilite Industries Ltd. | Chemicals | 1.55% | ₹20.83 Cr | +2.02% | +1.92% | +2.29% |
| Jain Resource Recycling Ltd. | Metals & Mining | 1.53% | ₹20.57 Cr | +2.05% | +2.23% | +0.51% |
| NVIDIA Corporation (USA) | Capital Goods | 1.50% | ₹20.18 Cr | +1.45% | +0.81% | +0.84% |
| Info Edge (India) Ltd. | Services | 1.43% | ₹19.29 Cr | +2.20% | +2.51% | +3.72% |
| PB Fintech Ltd. | Services | 1.42% | ₹19.10 Cr | +2.44% | +2.47% | +1.60% |
| Delhivery Ltd. | Services | 1.42% | ₹19.08 Cr | +2.00% | +2.03% | +1.74% |
| GE Vernova T&D India Ltd | Capital Goods | 1.38% | ₹18.54 Cr | +2.18% | +2.18% | +1.76% |
| Linde India Ltd. | Chemicals | 1.37% | ₹18.43 Cr | +1.78% | +1.92% | +2.13% |
| Kusumgar Ltd. | Textiles | 1.35% | ₹18.17 Cr | — | — | — |
| Bharat Electronics Ltd. | Capital Goods | 1.34% | ₹17.96 Cr | +1.59% | +1.78% | +1.20% |
| Sagility Ltd. | Services | 1.33% | ₹17.89 Cr | +1.38% | +1.62% | — |
| Swiggy Ltd. | Services | 1.33% | ₹17.86 Cr | +1.43% | +1.62% | +1.30% |
| Pine Labs Ltd. | Financial | 1.31% | ₹17.65 Cr | +1.34% | +0.98% | — |
| Nifty Bank | Financial | 1.23% | ₹16.50 Cr | +1.45% | +1.46% | +4.21% |
| Taiwan Semiconductor Manufacturing Company Ltd. - ADR | Technology | 1.19% | ₹16.02 Cr | +1.38% | +1.19% | +0.82% |
| TBO Tek Ltd. | Services | 1.19% | ₹16.02 Cr | +1.13% | +0.97% | +1.23% |
| Siemens Energy India Ltd. | Energy | 1.07% | ₹14.38 Cr | +1.38% | +1.11% | +1.31% |
| Microsoft Corportion (US) | Technology | 1.05% | ₹14.14 Cr | +0.86% | +0.96% | +1.25% |
| Bosch Ltd. | Automobile | 0.95% | ₹12.84 Cr | +0.91% | — | — |
| Alphabet Inc Class A | Services | 0.93% | ₹12.46 Cr | +1.07% | +0.99% | +0.69% |
| Dhoot Transmission Ltd. | Capital Goods | 0.89% | ₹11.97 Cr | — | — | — |
| Rubicon Research Ltd. | Healthcare | 0.88% | ₹11.83 Cr | — | — | — |
| Honeywell Automation India Ltd. | Capital Goods | 0.82% | ₹10.99 Cr | +1.09% | +0.83% | +1.01% |
| Amazon. com Inc. (USA) | Services | 0.79% | ₹10.66 Cr | +0.86% | +0.86% | +0.75% |
| Meta Platforms Inc | Services | 0.77% | ₹10.33 Cr | +0.75% | +0.88% | — |
| Ellenbarrie Industrial Gases Ltd. | Chemicals | 0.72% | ₹9.65 Cr | +0.60% | +0.51% | +1.08% |
| Dixon Technologies (India) Ltd. | Capital Goods | 0.71% | ₹9.58 Cr | +1.18% | +1.11% | +1.73% |
| Tenneco Clean Air India Ltd | Automobile | 0.68% | ₹9.21 Cr | +1.14% | +1.31% | — |
| Broadcom Inc | Capital Goods | 0.65% | ₹8.75 Cr | +1.33% | +1.26% | +0.79% |
| OnEMI Technology Solutions Ltd. | Financial | 0.64% | ₹8.55 Cr | — | — | — |
| Anthem Biosciences Ltd. | Healthcare | 0.62% | ₹8.31 Cr | — | — | — |
| ASML Holding N.V. - ADS/ADR | Capital Goods | 0.61% | ₹8.21 Cr | +0.59% | +0.77% | +0.46% |
| Apple Inc. (USA) | Consumer Discretionary | 0.57% | ₹7.71 Cr | +0.32% | — | — |
| Carborundum Universal Ltd. | Metals & Mining | 0.52% | ₹7.03 Cr | +0.55% | +0.42% | +0.44% |
| Arista Networks Inc | Communication | 0.50% | ₹6.79 Cr | +0.56% | +0.47% | +0.33% |
| SharkNinja Inc | Consumer Discretionary | 0.45% | ₹6.04 Cr | +0.42% | +0.34% | +0.27% |
| MakeMy Trip Ltd. | Services | 0.43% | ₹5.75 Cr | +0.53% | +0.43% | — |
| Samsung Electronics Co Ltd. (South Korea) GDR/GDS | Capital Goods | 0.43% | ₹5.73 Cr | +0.52% | — | — |
| Advanced Micro Devices Inc | Capital Goods | 0.41% | ₹5.57 Cr | +0.46% | +0.69% | +0.44% |
| Veeva Systems Inc. | Healthcare | 0.38% | ₹5.06 Cr | +0.30% | — | — |
| Reserve Bank of India | Financial | 0.37% | ₹4.97 Cr | +0.41% | +0.48% | +0.42% |
| Jyoti CNC Automation Ltd. | Capital Goods | 0.35% | ₹4.67 Cr | +1.19% | +1.28% | +0.96% |
| eBay Inc. (USA) | Services | 0.31% | ₹4.12 Cr | +0.37% | +0.32% | +0.27% |
| Lumentum Holdings Inc. (LITE) | Communication | 0.27% | ₹3.58 Cr | +0.26% | — | — |
| Roku Inc | Services | 0.26% | ₹3.44 Cr | +0.26% | — | — |
| MercadoLibre Inc | Services | 0.24% | ₹3.29 Cr | +0.28% | +0.24% | +0.27% |
| Sea Limited - ADR | Technology | 0.23% | ₹3.09 Cr | +0.27% | +0.07% | — |
| Visa Inc | Financial | 0.22% | ₹2.96 Cr | +0.30% | +0.53% | +0.62% |
| TJX Companies Inc | Services | 0.21% | ₹2.88 Cr | +0.27% | +0.33% | +0.32% |
| KLA Corporation | Capital Goods | 0.21% | ₹2.82 Cr | — | — | — |
| Oracle Corporation (US) | Technology | 0.21% | ₹2.77 Cr | +0.20% | — | — |
| Vertiv Holdings Co | Capital Goods | 0.20% | ₹2.76 Cr | +0.35% | — | — |
| Spotify Technology S.A. - ADR | Services | 0.20% | ₹2.70 Cr | +0.22% | +0.27% | +0.38% |
| Monster Beverage Corporation (US) | Consumer Staples | 0.19% | ₹2.62 Cr | — | — | — |
| Cyient DLM Ltd. | Capital Goods | 0.16% | ₹2.09 Cr | — | — | — |
| Blue Dart Express Ltd. | Services | 0.15% | ₹1.98 Cr | +0.17% | +0.20% | +0.21% |
| Syngene International Ltd. | Healthcare | 0.10% | ₹1.32 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 1.91% | 6.87% | +4.96% |
| Mahindra & Mahindra Ltd. | 1.22% | 0.00% | -1.22% |
| Info Edge (India) Ltd. | 2.60% | 1.43% | -1.16% |
| Billionbrains Garage Ventures Ltd. | 3.42% | 2.32% | -1.10% |
| PB Fintech Ltd. | 2.47% | 1.42% | -1.05% |
| Jyoti CNC Automation Ltd. | 1.13% | 0.35% | -0.79% |
| Neogen Chemicals Ltd. | 1.18% | 1.90% | +0.72% |
| INDO-MIM Ltd. | 1.47% | 2.11% | +0.64% |
| OnEMI Technology Solutions Ltd. | 0.00% | 0.64% | +0.64% |
| Ather Energy Ltd. | 3.78% | 3.18% | -0.60% |
| Divi's Laboratories Ltd. | 2.23% | 1.72% | -0.51% |
| One 97 Communications Ltd. | 4.13% | 3.63% | -0.50% |
| Eternal Ltd. | 5.28% | 4.97% | -0.31% |
| Meesho Ltd. | 2.14% | 2.40% | +0.26% |
| Bajaj Finserv Ltd. | 1.84% | 1.60% | -0.24% |
| Capillary Technologies India Ltd. | 1.52% | 1.74% | +0.23% |
| Dhoot Transmission Ltd. | 0.66% | 0.89% | +0.23% |
| FSN E-Commerce Ventures Ltd. | 3.05% | 2.83% | -0.22% |
| Pidilite Industries Ltd. | 1.76% | 1.55% | -0.21% |
| Rubicon Research Ltd. | 0.70% | 0.88% | +0.18% |
| Meta Platforms Inc | 0.59% | 0.77% | +0.17% |
| Cyient DLM Ltd. | 0.00% | 0.16% | +0.16% |
| Swiggy Ltd. | 1.48% | 1.33% | -0.15% |
| Lenskart Solutions Ltd. | 2.93% | 3.07% | +0.14% |
| Siemens Ltd. | 2.07% | 1.94% | -0.13% |
| Taiwan Semiconductor Manufacturing Company Ltd. - ADR | 1.06% | 1.19% | +0.13% |
| Sagility Ltd. | 1.45% | 1.33% | -0.12% |
| Advanced Micro Devices Inc | 0.31% | 0.41% | +0.10% |
| Jain Resource Recycling Ltd. | 1.43% | 1.53% | +0.10% |
| Syngene International Ltd. | 0.00% | 0.10% | +0.10% |
| MakeMy Trip Ltd. | 0.52% | 0.43% | -0.09% |
| Delhivery Ltd. | 1.51% | 1.42% | -0.09% |
| Affle 3I Ltd. | 2.05% | 1.97% | -0.09% |
| PI Industries Ltd. | 1.57% | 1.66% | +0.09% |
| Dixon Technologies (India) Ltd. | 0.80% | 0.71% | -0.08% |
| Ellenbarrie Industrial Gases Ltd. | 0.64% | 0.72% | +0.08% |
| Urban Company Ltd. | 1.68% | 1.60% | -0.08% |
| NVIDIA Corporation (USA) | 1.42% | 1.50% | +0.08% |
| Sona BLW Precision Forgings Ltd. | 2.22% | 2.29% | +0.08% |
| Pine Labs Ltd. | 1.24% | 1.31% | +0.08% |
| Bharat Electronics Ltd. | 1.41% | 1.34% | -0.07% |
| BlackBuck Ltd. | 1.88% | 1.95% | +0.07% |
| Carborundum Universal Ltd. | 0.46% | 0.52% | +0.07% |
| GE Vernova T&D India Ltd | 1.44% | 1.38% | -0.06% |
| Kusumgar Ltd. | 1.29% | 1.35% | +0.06% |
| Sai Life Sciences Ltd. | 1.93% | 1.87% | -0.06% |
| ASML Holding N.V. - ADS/ADR | 0.56% | 0.61% | +0.05% |
| Nifty Bank | 1.27% | 1.23% | -0.05% |
| Aether Industries Ltd. | 2.67% | 2.72% | +0.05% |
| Bosch Ltd. | 1.00% | 0.95% | -0.05% |
| Honeywell Automation India Ltd. | 0.86% | 0.82% | -0.04% |
| Apple Inc. (USA) | 0.54% | 0.57% | +0.04% |
| PTC Industries Ltd. | 2.19% | 2.23% | +0.04% |
| Sea Limited - ADR | 0.26% | 0.23% | -0.03% |
| Microsoft Corportion (US) | 1.02% | 1.05% | +0.03% |
| Alphabet Inc Class A | 0.90% | 0.93% | +0.03% |
| Arista Networks Inc | 0.48% | 0.50% | +0.03% |
| TBO Tek Ltd. | 1.22% | 1.19% | -0.03% |
| MercadoLibre Inc | 0.27% | 0.24% | -0.02% |
| KLA Corporation | 0.18% | 0.21% | +0.02% |
| Broadcom Inc | 0.67% | 0.65% | -0.02% |
| SharkNinja Inc | 0.47% | 0.45% | -0.02% |
| Lumentum Holdings Inc. (LITE) | 0.25% | 0.27% | +0.02% |
| Tenneco Clean Air India Ltd | 0.70% | 0.68% | -0.02% |
| Samsung Electronics Co Ltd. (South Korea) GDR/GDS | 0.41% | 0.43% | +0.02% |
| Spotify Technology S.A. - ADR | 0.22% | 0.20% | -0.02% |
| Amazon. com Inc. (USA) | 0.81% | 0.79% | -0.02% |
| Anthem Biosciences Ltd. | 0.63% | 0.62% | -0.02% |
| Monster Beverage Corporation (US) | 0.21% | 0.19% | -0.02% |
| Oracle Corporation (US) | 0.22% | 0.21% | -0.01% |
| Wakefit Innovations Ltd. | 1.69% | 1.68% | -0.01% |
| eBay Inc. (USA) | 0.29% | 0.31% | +0.01% |
| Vertiv Holdings Co | 0.22% | 0.20% | -0.01% |
| Visa Inc | 0.23% | 0.22% | -0.01% |
| Blue Dart Express Ltd. | 0.15% | 0.15% | -0.01% |
| Veeva Systems Inc. | 0.37% | 0.38% | +0.01% |
| Reserve Bank of India | 0.36% | 0.37% | +0.01% |
| Linde India Ltd. | 1.37% | 1.37% | 0.00% |
| Siemens Energy India Ltd. | 1.07% | 1.07% | 0.00% |
| Roku Inc | 0.26% | 0.26% | 0.00% |
| TJX Companies Inc | 0.21% | 0.21% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,990 Cr | 2.12% | 11.5% | 9.8% | 15.6% |
 ICICI Prudential Innovation Fund | ₹7,434 Cr | 2.16% | 5.1% | 7.8% | — |
 Kotak Pioneer Fund | ₹4,295 Cr | 1.90% | 11.4% | 11.5% | 15.6% |
 Nippon India Innovation Fund | ₹2,923 Cr | 2.10% | 5.8% | 5.8% | — |
 Union Innovation & Opportunities Fund | ₹1,307 Cr | 2.31% | 23.9% | 14.2% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to generate long term capital appreciation by investing in equity & equity related securities of companies that are benefiting from innovative change (innovators, enablers, adaptors).
Fund managers
- Ashish NaikMr. Naik is 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.
- Pratik TibrewalMr. Tibrewal is a B.Com, LLB (Gen) and MBA (Finance).Prior to joining Axis Mutual Fund, he has worked with Inditrade Capital Ltd., Edelweiss Mutual Fund and Edelweiss Commodities trading Ltd..
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months13.69% absolute | ₹60,000 | ₹68,214 | 13.69% | |
| 1 year15.37% annualised | ₹1,20,000 | ₹1,30,475 | 8.73% | |
| 3 years17.60% annualised | ₹3,60,000 | ₹4,76,696 | 32.42% | |
| 5 years9.54% annualised | ₹6,00,000 | ₹7,71,110 | 28.52% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Axis Innovation Fund?
The NAV of Axis Innovation Fund is ₹21.84 as on 9 Nov 2026.
What is the expense ratio of Axis Innovation Fund?
The expense ratio of Axis Innovation Fund is 2.28% per year.
What is the minimum SIP amount for Axis Innovation Fund?
You can start a SIP in Axis Innovation Fund with ₹3,000 a month.
What returns has Axis Innovation Fund given?
Axis Innovation Fund has returned 24.9% over 1 year, 14.3% over 3 years and 14.9% over 5 years (annualised).
Is there a lock-in or exit load on Axis Innovation Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 20% of the investment,1% will be charged for redemption within 12 months..
How risky is Axis Innovation Fund?
Axis Innovation Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Innovation category.
Which fund house manages Axis Innovation Fund?
Axis Innovation Fund is managed by Axis Mutual Fund, which runs 74 schemes with ₹3,91,554 Cr under management.