ICICI Prudential Innovation Fund Direct Growth
NAV as on 26-03-2025
₹ 17.04
1D
Inception Returns
32.1%
/yr
Historical NAV & Returns
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
- ICICI Prudential Innovation Fund Direct Growth has ₹5947 Cr worth of assets under management (AUM) as on Feb 2025 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
ICICI Prudential Innovation Fund Direct Growth has given a CAGR return of 32.10% since inception. Over the last 1 year the fund has given a CAGR return of 13.15%.
Holdings
ICICI Prudential Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Health, Consumer Cyclical, Tech, Consumer Defensive, Communication, Basic Materials, Utilities, Energy, Government. Its top holdings are ICICI Bank Ltd, Pidilite Industries Ltd, Reliance Industries Ltd, Lupin Ltd, Axis Bank 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 benefitDividends 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 ratio | 0.78% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹5947 Cr |
| Inception Date | 2 May, 2023 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 0% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (26-Mar-25)
Fund Distribution
as on (28-Feb-25)
- AUM of the fund stands at 5.9K Cr as of Feb'25
- AUM decreased by 444.9 Cr between Feb'25 and Jan'25
Top 3 Sectors in February were Industrial, Consumer Cyclical & Health
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 5.17% | 0% | |
 Pidilite Industries Ltd | 3.48% | 0% | |
 Reliance Industries Ltd | 3.07% | 7% | |
 Lupin Ltd | 2.82% | 0% | |
 Axis Bank Ltd | 2.81% | 10% |
Top Growth Drivers | 1M Return |
|---|---|
 Hindalco Industries Ltd | 9.4% |
 Axis Bank Ltd | 7.8% |
 HDFC Bank Ltd | 6.2% |
ICICI Prudential Innovation Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹5947 Cr
Expense Ratio 0.78%
Frequently Asked Questions for ICICI Prudential Innovation Fund Direct Growth
ICICI Prudential Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.59% | 3.59% |
6 Month Returns | -10.74% | -10.74% |
1 Year Returns | 13.15% | 13.15% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Innovation Fund Direct Growth | 7.7 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Innovation Fund Direct Growth | 0.99 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Innovation Fund Direct Growth | 0.12 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Innovation Fund Direct Growth | 15.51 | - | - |