ICICI Prudential Innovation Fund - Direct Plan - Growth
Fund House: ICICI Prudential Mutual Fund| Category: Equity: Thematic-Innovation |
| Launch Date: 27-04-2023 |
| Asset Class: Equity |
| Benchmark: Nifty 500 TRI |
| TER: 1.22% As on (31-07-2026) |
| Status: Open Ended Schemes |
| Minimum Investment: 5000.0 |
| Minimum Topup: 1000.0 |
| Total Assets: 7,843.53 Cr As on 31-07-2026(Source:AMFI) |
| Turn over: 2.14% | Exit Load: • 1% of applicable Net Asset Value - If the amount sought to be redeemed or switched out within 12 months from allotment. • Nil - If the amount sought to be redeemed or switched out more than 12 months from allotment. |
20.6
0.02 (0.0971%)
24.28%
Benchmark: 12.16%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Investment Objective
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 themes. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Current Asset Allocation (%)
Indicators
| Standard Deviation | 15.5 |
| Sharpe Ratio | 1.07 |
| Alpha | 7.99 |
| Beta | 0.94 |
| Yield to Maturity | |
| Average Maturity |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| ICICI Prudential Innovation Fund - Direct Plan - Growth | 27-04-2023 | 7.18 | 6.45 | 21.18 | - | - |
| Bandhan Innovation Fund - Regular Plan - Growth | 30-04-2024 | 19.81 | 13.95 | - | - | - |
| HDFC Innovation Fund - Regular Plan - Growth Option | 27-06-2025 | 17.48 | - | - | - | - |
| Axis Innovation Fund - Regular Plan - Growth Option | 05-12-2020 | 15.83 | 8.97 | 18.41 | 12.23 | - |
| Union Innovation & Opportunities Fund - Regular Plan - Growth Option | 06-09-2023 | 13.63 | 8.12 | - | - | - |
| Motilal Oswal Innovation Opportunities Fund- Regular Plan- Growth | 18-02-2025 | 13.48 | - | - | - | - |
| Baroda BNP Paribas Innovation Fund Regular Plan - Growth Option | 05-03-2024 | 11.16 | 5.42 | - | - | - |
| Kotak Pioneer Fund- Regular Plan- Growth Option | 31-10-2019 | 10.94 | 9.39 | 20.53 | 15.96 | - |
| SBI Innovative Opportunities Fund - Regular Plan - Growth | 05-08-2024 | 9.28 | - | - | - | - |
| ICICI Prudential Innovation Fund - Growth | 05-04-2023 | 6.1 | 5.31 | 19.85 | - | - |
Scheme Characteristics
Riskometer
PORTFOLIO
Market Cap Distribution
Small Cap
30.88%
Others
4.58%
Large Cap
34.97%
Mid Cap
29.57%
