ICICI Prudential Innovation Fund Direct Growth

ICICI Prudential Innovation Fund Direct Growth

NAV as on 17-04-2025

₹ 17.42

1.4%

1D

Inception Returns

32.5%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
1652 people have invested ₹ 69.5L in ICICI Prudential Innovation Fund Direct Growth in the last three months

About ICICI Prudential Innovation Fund Direct Growth

ICICI Prudential Innovation Fund Direct Growth is an equity fund. This fund was started on 2 May, 2023. The fund is managed by Anish Tawakley, Vaibhav Dusad. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ICICI Prudential Innovation Fund Direct Growth has ₹6298 Cr worth of assets under management (AUM) as on Mar 2025 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

ICICI Prudential Innovation Fund Direct Growth has given a CAGR return of 32.46% since inception. Over the last 1 year the fund has given a CAGR return of 14.15%.

Holdings

ICICI Prudential Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Health, Consumer Defensive, Communication, Tech, Basic Materials, Utilities, Energy, Government. Its top holdings are ICICI Bank Ltd, Pidilite Industries Ltd, Reliance Industries Ltd, Axis Bank Ltd, Maruti Suzuki India Ltd

Taxation

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of ICICI Prudential Innovation Fund Direct Growth

The Scheme is an open ended thematic fund. The objective of the Scheme is to generate long term capital appreciation by predominantly investing in equity & equity related securities of companies and units of global mutual funds/ETFs that can benefit from innovation strategies and theme. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential Innovation Fund Direct Growth has no lock in period.

ICICI Prudential Innovation Fund Direct Growth Overview

Expense ratio0.78%
Benchmark
Nifty 500 TR INR
AUM₹6298 Cr
Inception Date2 May, 2023
Min Lumpsum/SIP₹5000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (17-Apr-25)

Period
ICICI Prudential Innovation Fund Direct Growth
Nifty 500
equity - other
1M
6.5%
5%
-
3M
-0.2%
0%
-
6M
-6%
-7.5%
-
1Y
14.2%
6.7%
-

Fund Distribution

as on (31-Mar-25)

  • Equity 93.6%

  • Debt & Cash 6.4%

Large cap
71%

Mid cap
12%

Small cap
7.8%

Sector Allocation

Mar'25

Feb'25

Jan'25

Financial Services
16.7%
Industrial
15.8%
Consumer Cyclical
13.9%
Health
12.1%
Consumer Defensive
10.4%
Communication
7.5%
Tech
7.2%
Basic Materials
6.3%
Utilities
6%
Energy
4.1%
All changes are between Jan'25 and Mar'25
Mar'25
Feb'25
Jan'25
Fund Returns
6.88%
-8.48%
-1.63%
Nifty 500
7.25%
-7.88%
-4.01%
  • This fund’s returns stands at 6.88% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
  • This fund underperformed Nifty 500 by 0.37% in Mar'25
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 6.3K Cr
₹ 5.9K Cr
₹ 6.4K Cr
  • AUM of the fund stands at 6.3K Cr as of Mar'25
  • AUM increased by 351.2 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Max Financial Services Ltd's allocation increased from 1.12% to 2.01%
Max Financial Services Ltd's allocation increased from 1.12% to 2.01%
Avenue Supermarts Ltd's allocation increased from 1.82% to 2.48%
Avenue Supermarts Ltd's allocation increased from 1.82% to 2.48%
Larsen & Toubro Ltd's allocation increased from 2.41% to 2.94%
Larsen & Toubro Ltd's allocation increased from 2.41% to 2.94%
Top Stocks sold last month
Lupin Ltd's allocation decreased from 2.82 % to 2.74 %
Lupin Ltd's allocation decreased from 2.82 % to 2.74 %
Havells India Ltd's allocation decreased from 2.56 % to 2.33 %
Havells India Ltd's allocation decreased from 2.56 % to 2.33 %
HDFC Bank Ltd's allocation decreased from 2.2 % to 2.19 %
HDFC Bank Ltd's allocation decreased from 2.2 % to 2.19 %
Mid Cap allocation has gone down from 12.6% to 12%
Mid Cap allocation has gone down from 12.6% to 12%
Large Cap allocation has gone up from 65.7% to 71%
Large Cap allocation has gone up from 65.7% to 71%
Small Cap allocation has gone down from 8.1% to 7.8%
Small Cap allocation has gone down from 8.1% to 7.8%
Cash allocation has gone down from 8.3% to 6.4%
Cash allocation has gone down from 8.3% to 6.4%

Top 3 Sectors in March were Industrial, Financial Services & Health

Mar'25
Financial Services
17%
Industrial
16%
Consumer Cyclical
14%
Feb'25
Industrial
15%
Financial Services
15%
Health
14%
  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
ICICI Bank Ltd
ICICI Bank Ltd
5.46%
0%
Pidilite Industries Ltd
Pidilite Industries Ltd
3.52%
0%
Reliance Industries Ltd
Reliance Industries Ltd
3.41%
10.6%
Axis Bank Ltd
Axis Bank Ltd
3.23%
12.2%
Maruti Suzuki India Ltd
Maruti Suzuki India Ltd
3.13%
24.7%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
ICICI Prudential Innovation Fund Direct Growth
ICICI Prudential Innovation Fund Direct Growth
14.15%
-
-
32.46%
Sundaram Services Direct Growth
Sundaram Services Direct Growth
16.56%
17.34%
28.94%
21.12%
Franklin India Opportunities Fund - Direct - Growth
Franklin India Opportunities Fund - Direct - Growth
14.62%
28.57%
33%
18.03%
DSP Quant Fund Direct Growth
DSP Quant Fund Direct Growth
5.87%
8.24%
17.99%
13.46%
  • Gainers

  • Losers

Fund
Mar'25
Feb'25
Jan'25
No of Holdings
70
73
76
Top 5 Company Concentration
18.7%
17.3%
16.7%
Company having highest exposure
ICICI Bank Ltd (5.5%)
ICICI Bank Ltd (5.2%)
ICICI Bank Ltd (5%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
68.8%
67.1%
68.5%
Sector having highest exposure
Financial Services (16.7%)
Industrial (15.3%)
Industrial (16.4%)
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Anish Tawakley
Anish Tawakley
Fund Manager of ICICI Prudential Innovation Fund Direct Growth, since 2 May 2023
Vaibhav Dusad
Vaibhav Dusad
Fund Manager of ICICI Prudential Innovation Fund Direct Growth, since 2 May 2023
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.04L Cr
as on 31-Mar-2025
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

ICICI Prudential Innovation Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 32.46% since inception which is more than its category average return of 9.29%
Fund Allocations

Fund Allocations

This fund has an allocation of 93.59% in Equity, 0% in Debt and 6.41% in Cash related instruments
AUM size ₹6298 Cr

AUM size ₹6298 Cr

This fund has AUM of ₹6298 Cr which is more than its category average of ₹ 2172 Cr
Expense Ratio 0.78%

Expense Ratio 0.78%

This fund has an expense ratio of 0.78% which is less than its category average expense ratio of 1.35%

Frequently Asked Questions for ICICI Prudential Innovation Fund Direct Growth

The current NAV of ICICI Prudential Innovation Fund Direct Growth is ₹17.42 as on 17-Apr-2025.
Existing (Absolute + CAGR) as on 17-Apr-2025.
ICICI Prudential Innovation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.54%
6.54%
6 Month Returns
-5.99%
-5.99%
1 Year Returns
14.15%
14.15%
3 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.78% as on March 2025
₹6298 Cr as on March 2025
ICICI Bank Ltd(5.46%), Pidilite Industries Ltd(3.52%), Reliance Industries Ltd(3.41%), Axis Bank Ltd(3.23%), Maruti Suzuki India Ltd(3.13%) as on March 2025
Financial Services(15.64%), Industrial(14.76%), Consumer Cyclical(12.97%) as on March 2025
The alpha ratio for the ICICI Prudential Innovation Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential Innovation Fund Direct Growth
5.36
-
-
As on March 2025
The alpha for ICICI Prudential Innovation Fund Direct Growth is calculated against Nifty 500 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential Innovation Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential Innovation Fund Direct Growth
0.96
-
-
As on March 2025
The Beta for ICICI Prudential Innovation Fund Direct Growth is calculated with Nifty 500 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential Innovation Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
ICICI Prudential Innovation Fund Direct Growth
0.37
-
-
As on March 2025
The sharpe ratio for ICICI Prudential Innovation Fund Direct Growth is calculated with Nifty 500 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential Innovation Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
ICICI Prudential Innovation Fund Direct Growth
16.61
-
-
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Anish Tawakley, Vaibhav Dusad are the fund managers of ICICI Prudential Innovation Fund Direct Growth
The Exit load of ICICI Prudential Innovation Fund Direct Growth is 1%