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Fund Overview

Fund Size

Fund Size

₹7,844 Cr

Expense Ratio

Expense Ratio

1.22%

ISIN

ISIN

INF109KC12T2

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

02 May 2023

About this fund

ICICI Prudential Innovation Fund Direct Growth is a Equity - Other mutual fund schemes offered by ICICI Prudential Mutual Fund. This fund has been in existence for 3 years, 3 months and 26 days, having been launched on 02-May-23.
As of 27-Aug-26, it has a Net Asset Value (NAV) of ₹20.58, Assets Under Management (AUM) of 7843.53 Crores, and an expense ratio of 1.22%.
  • ICICI Prudential Innovation Fund Direct Growth has given a CAGR return of 24.13% since inception.
  • The fund's asset allocation comprises around 97.30% in equities, 0.00% in debts, and 2.67% in cash & cash equivalents.
  • You can start investing in ICICI Prudential Innovation Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+8.09%

(Cat Avg.)

3 Years

+21.09%

(Cat Avg.)

Since Inception

+24.13%

(Cat Avg.)

Portfolio Summaryas of 31st July 2026

Equity7,631.76 Cr97.30%
Others209.28 Cr2.67%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Maruti Suzuki India LtdEquity427.77 Cr5.45%
ICICI Bank LtdEquity392.94 Cr5.01%
Eternal LtdEquity283.59 Cr3.62%
Axis Bank LtdEquity218.23 Cr2.78%
Bharti Hexacom LtdEquity216.29 Cr2.76%
Sagility LtdEquity207.08 Cr2.64%
Computer Age Management Services Ltd Ordinary SharesEquity207.02 Cr2.64%
360 One Wam Ltd Ordinary SharesEquity202.73 Cr2.58%
TrepsCash - Repurchase Agreement201.38 Cr2.57%
TVS Motor Co LtdEquity197.79 Cr2.52%
Swiggy LtdEquity163.43 Cr2.08%
Coforge LtdEquity161.43 Cr2.06%
Info Edge (India) LtdEquity155.07 Cr1.98%
Dr Reddy's Laboratories LtdEquity148.27 Cr1.89%
Hindustan Aeronautics Ltd Ordinary SharesEquity147.31 Cr1.88%
Hexaware Technologies Ltd Ordinary SharesEquity145.52 Cr1.86%
Vijaya Diagnostic Centre LtdEquity142.18 Cr1.81%
Cummins India LtdEquity140.1 Cr1.79%
Tata Motors Passenger Vehicles LtdEquity140.06 Cr1.79%
Capillary Technologies India LtdEquity135.86 Cr1.73%
Blue Star LtdEquity133.78 Cr1.71%
Bharti Airtel LtdEquity129.33 Cr1.65%
Divi's Laboratories LtdEquity125.82 Cr1.60%
Mphasis LtdEquity125.33 Cr1.60%
ZF Commercial Vehicle Control Systems India LtdEquity121.21 Cr1.55%
Hyundai Motor India LtdEquity117.55 Cr1.50%
Apollo Hospitals Enterprise LtdEquity115.5 Cr1.47%
Godrej Consumer Products LtdEquity115.22 Cr1.47%
Multi Commodity Exchange of India LtdEquity112.83 Cr1.44%
Cash Margin - DerivativesCash - Collateral107.19 Cr1.37%
Blackbuck LtdEquity101.82 Cr1.30%
Medplus Health Services LtdEquity99.33 Cr1.27%
Oil India LtdEquity99 Cr1.26%
Sun Pharmaceuticals Industries LtdEquity98.24 Cr1.25%
Larsen & Toubro LtdEquity96.45 Cr1.23%
Cohance Lifesciences LtdEquity88.73 Cr1.13%
Mankind Pharma LtdEquity88.57 Cr1.13%
Thyrocare Technologies LtdEquity84.25 Cr1.07%
Zensar Technologies LtdEquity77.53 Cr0.99%
LG Electronics India LtdEquity75.65 Cr0.96%
Icici Bank Ltd. $$Equity - Future75.09 Cr0.96%
Cash Offset For DerivativesCash - General Offset-75.09 Cr0.96%
GE Vernova T&D India LtdEquity74.84 Cr0.95%
Ivalue Infosolutions LtdEquity73.1 Cr0.93%
Brainbees Solutions LtdEquity72.14 Cr0.92%
Rategain Travel Technologies LtdEquity71.09 Cr0.91%
KEI Industries LtdEquity69.58 Cr0.89%
NTPC LtdEquity69.45 Cr0.89%
Ashok Leyland LtdEquity67.32 Cr0.86%
AIA Engineering LtdEquity64.23 Cr0.82%
CG Power & Industrial Solutions LtdEquity63.97 Cr0.82%
Devyani International LtdEquity63.57 Cr0.81%
Amagi Media Labs LtdEquity62.5 Cr0.80%
Safari Industries (India) LtdEquity60.6 Cr0.77%
Max Healthcare Institute Ltd Ordinary SharesEquity60.32 Cr0.77%
Accenture PLC Class AEquity56.38 Cr0.72%
Aditya Vision LtdEquity54.66 Cr0.70%
Angel One Ltd Ordinary SharesEquity54.36 Cr0.69%
Pine Labs LtdEquity51.92 Cr0.66%
Exide Industries LtdEquity50.93 Cr0.65%
Manipal Health Enterprises LtdEquity49.95 Cr0.64%
Container Corporation of India LtdEquity49.92 Cr0.64%
Oil & Natural Gas Corp LtdEquity49.42 Cr0.63%
ACME Solar Holdings LtdEquity45.84 Cr0.58%
Wework India Management LtdEquity45.19 Cr0.58%
Sapphire Foods India LtdEquity42.5 Cr0.54%
Emmvee Photovoltaic Power LtdEquity39.87 Cr0.51%
Biocon LtdEquity39.21 Cr0.50%
AstraZeneca Pharma India LtdEquity37.87 Cr0.48%
Triveni Turbine LtdEquity35.28 Cr0.45%
KSB LtdEquity34.34 Cr0.44%
Aequs LtdEquity26.08 Cr0.33%
Net Current AssetsCash-24.2 Cr0.31%
TD Power Systems LtdEquity23.11 Cr0.29%
Gujarat Fluorochemicals Ltd Ordinary SharesEquity19.49 Cr0.25%
Clean Max Enviro Energy Solutions LtdEquity16.56 Cr0.21%
Supreme Industries LtdEquity14.92 Cr0.19%
Tube Investments of India Ltd Ordinary SharesEquity7.38 Cr0.09%
Tvs Motor Company LimitedPreferred Stock2.49 Cr0.03%

Allocation By Market Cap (Equity)

Large Cap Stocks

37.34%

Mid Cap Stocks

27.41%

Small Cap Stocks

30.24%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Consumer Cyclical1,795.78 Cr22.90%
Healthcare1,385.33 Cr17.66%
Technology1,385.01 Cr17.66%
Industrials1,048.61 Cr13.37%
Financial Services981.09 Cr12.51%
Communication Services500.68 Cr6.38%
Energy148.41 Cr1.89%
Utilities131.85 Cr1.68%
Consumer Defensive115.22 Cr1.47%
Real Estate45.19 Cr0.58%
Basic Materials19.49 Cr0.25%

Risk & Performance Ratios

Standard Deviation

This fund

14.94%

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

0.89

Cat. avg.

--

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

--

Higher the better

Fund Managers

Vaibhav Dusad

Vaibhav Dusad

Since May 2023

SD

Sharmila D’mello

Since May 2023

Additional Scheme Detailsas of 31st July 2026

ISIN
INF109KC12T2
Expense Ratio
1.22%
Exit Load
1.00%
Fund Size
₹7,844 Cr
Age
3 years 3 months
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
Nifty 500 TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Equity - Other Funds

Fund nameExpense RatioExit LoadFund size
1Y
Motilal Oswal Quality Fund Regular Growth

Very High Risk

-1.0%--
Motilal Oswal Quality Fund Direct Growth

Very High Risk

-1.0%--
JioBlackRock Sector Rotation Fund Regular Growth

Very High Risk

-0.0%₹162.77 Cr-
SageOne India Growth GIFT Fund Regular Growth

Very High Risk

--₹3.04 Cr-2.4%
Motilal Oswal Nifty Metal ETF

Very High Risk

----
SBI Nifty Midcap 150 Momentum 50 ETF FOF Direct Growth

Very High Risk

-1.0%--
SBI Nifty Midcap 150 Momentum 50 ETF FOF Regular Growth

Very High Risk

-1.0%--
Groww Nifty Cements ETF

Very High Risk

----
Baroda BNP Paribas Services Fund Regular Growth

Very High Risk

-1.0%--
Baroda BNP Paribas Services Fund Direct Growth

Very High Risk

-1.0%--
HDFC Nifty Metal ETF

Very High Risk

0.3%---
DSP Nifty Midcap 150 Quality 50 ETF

Very High Risk

0.5%-₹99.06 Cr3.3%
NJ Momentum Fund Direct Growth

Very High Risk

-0.0%--
NJ Momentum Fund Regular Growth

Very High Risk

-0.0%--
Groww Nifty Smallcap 250 Momentum Quality 100 ETF

Very High Risk

0.6%-₹6.80 Cr-
360 ONE MSCI India ETF

Very High Risk

1.7%-₹6.74 Cr-
Motilal Oswal BSE Select IPO ETF

Very High Risk

0.7%-₹5.88 Cr-
SBI Nifty Midcap 150 Momentum 50 ETF

Very High Risk

0.8%-₹10.55 Cr-
Aditya Birla Sun Life MSCI India ETF

Very High Risk

0.2%-₹11.27 Cr-
ITI Business Cycle Fund Regular Growth

Very High Risk

3.5%0.0%₹115.24 Cr-
ITI Business Cycle Fund Direct Growth

Very High Risk

1.8%0.0%₹115.24 Cr-
Mirae Asset BSE India Defence ETF

Very High Risk

0.3%-₹147.11 Cr-
Kotak Services Fund Regular Growth

Very High Risk

2.4%0.0%₹758.75 Cr-
Kotak Services Fund Direct Growth

Very High Risk

1.0%0.0%₹758.75 Cr-
SBI Quality Fund Direct Growth

Very High Risk

1.3%1.0%₹2524.85 Cr-
Mirae Asset BSE India Defence ETF FOF Direct Growth

Very High Risk

0.4%0.0%₹102.82 Cr-
Mirae Asset BSE India Defence ETF FOF Regular Growth

Very High Risk

0.9%0.0%₹102.82 Cr-
SBI Quality Fund Regular Growth

Very High Risk

2.4%1.0%₹2524.85 Cr-
Motilal Oswal Nifty MNC ETF

Very High Risk

0.6%-₹2.47 Cr-
JioBlackRock Sector Rotation Fund Direct Growth

Very High Risk

0.9%0.0%₹162.77 Cr-
Groww Nifty PSE ETF FOF Regular Growth

Very High Risk

0.5%0.0%₹11.80 Cr-
Groww Nifty PSE ETF FOF Direct Growth

Very High Risk

0.2%0.0%₹11.80 Cr-
Groww Nifty PSE ETF

Very High Risk

0.5%-₹17.37 Cr-
Mahindra Manulife Innovation Opportunities Fund Direct Growth

Very High Risk

0.9%0.0%₹236.43 Cr-
Mahindra Manulife Innovation Opportunities Fund Regular Growth

Very High Risk

2.5%0.0%₹236.43 Cr-
Groww Nifty Chemicals ETF

Very High Risk

0.5%-₹11.92 Cr-
Motilal Oswal Nifty Services Sector ETF

Very High Risk

0.6%-₹6.13 Cr-
Groww Nifty Metal ETF

Very High Risk

0.5%-₹41.90 Cr-
DSP MSCI INDIA ETF

Very High Risk

0.4%-₹3.33 Cr-
Kotak Rural Opportunities Fund Regular Growth

Very High Risk

2.4%0.0%₹806.95 Cr-
Kotak Rural Opportunities Fund Direct Growth

Very High Risk

0.8%0.0%₹806.95 Cr-
ANGEL ONE NIFTY TOTAL MARKET MOMENTUM QUALITY 50 ETF

Very High Risk

0.7%-₹15.66 Cr-
Kotak Nifty Chemicals ETF

Very High Risk

0.3%-₹106.09 Cr-
ICICI Prudential Conglomerate Fund Regular Growth

Moderately High risk

2.4%1.0%₹820.84 Cr-
ICICI Prudential Conglomerate Fund Direct Growth

Moderately High risk

1.3%1.0%₹820.84 Cr-
DSP Nifty500 Flexicap Quality 30 ETF

Very High Risk

0.9%-₹14.79 Cr-
Kotak Nifty 200 Momentum 30 ETF

Very High Risk

0.3%-₹32.30 Cr-
The Wealth Company Ethical Fund Direct Growth

Very High Risk

0.6%0.0%₹39.97 Cr-
The Wealth Company Ethical Fund Regular Growth

Very High Risk

2.0%0.0%₹39.97 Cr-
Groww Nifty Realty ETF

Very High Risk

0.5%-₹16.38 Cr-

About the AMC

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund

Total AUM

₹11,75,624 Cr

Address

3rd Floor, Hallmark Business Plaza, Mumbai, 400 051

Other Funds by ICICI Prudential Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
ICICI Prudential Life Cycle Fund 2036 Direct Growth

Very High Risk

-3.0%--
ICICI Prudential Life Cycle Fund 2041 Direct Growth

Very High Risk

-3.0%--
ICICI Prudential Life Cycle Fund 2031 Direct Growth

Very High Risk

-3.0%--
ICICI Prudential Dynamic Asset Allocation Passive FOF Direct Growth

Very High Risk

-1.0%--
ICICI Prudential Multi-Asset Active FOF Direct Growth

High Risk

0.1%1.0%--
ICICI Prudential Balanced Hybrid Fund Direct Growth

High Risk

0.6%1.0%--
iSIF Active Asset Allocator Long-Short Fund Direct Growth

Very High Risk

2.2%1.0%₹607.41 Cr-
iSIF Equity Long-Short Fund Direct Growth

Very High Risk

3.6%1.0%--
ICICI Prudential Diversified Equity All Cap Active FOF Direct Growth

Very High Risk

0.9%1.0%₹891.66 Cr-
iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth

Very High Risk

1.3%1.0%₹2194.52 Cr-
iSIF Hybrid Long-Short Fund Direct Growth

Very High Risk

1.2%1.0%₹1079.82 Cr-
ICICI Prudential Conglomerate Fund Direct Growth

Moderately High risk

1.3%1.0%₹820.84 Cr-
ICICI Prudential Active Momentum Fund Direct Growth

Moderate Risk

1.7%1.0%₹2081.15 Cr12.6%
ICICI Prudential Nifty Private Bank Index Fund Direct Growth

Very High Risk

0.7%0.0%₹45.68 Cr5.4%
ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth

Very High Risk

0.4%0.0%₹29.73 Cr-3.7%
ICICI Prudential Nifty200 Quality 30 Index Fund Direct Growth

Very High Risk

0.5%0.0%₹26.94 Cr0.5%
ICICI Prudential Quality Fund Direct Growth

Very High Risk

1.4%1.0%₹2157.87 Cr7.1%
ICICI Prudential Nifty EV & New Age Automotive ETF FOF Direct Growth

Very High Risk

0.7%0.0%₹47.19 Cr10.6%
ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹509.87 Cr7.0%
ICICI Prudential CRISIL-IBX AAA Bond Financial Services Index - Dec 2026 Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹8.51 Cr-
ICICI Prudential Rural Opportunities Fund Direct Growth

Moderate Risk

1.2%1.0%₹2130.12 Cr-0.9%
ICICI Prudential Nifty 500 Index Fund Direct Growth

Very High Risk

0.4%0.0%₹98.94 Cr3.4%
ICICI Prudential Equity Minimum Variance Fund Direct Growth

Very High Risk

1.8%1.0%₹2836.15 Cr1.4%
ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth

Very High Risk

0.7%0.0%₹198.97 Cr19.3%
ICICI Prudential Energy Opportunities Fund Direct Growth

Very High Risk

1.1%1.0%₹8199.55 Cr18.1%
ICICI Prudential Fixed Maturity Plan Series 89 91 Days Plan G Direct Growth

Low to Moderate Risk

----
ICICI Prudential Nifty LargeMidcap 250 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹295.09 Cr6.1%
ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth

Very High Risk

0.7%0.0%₹100.78 Cr-6.1%
ICICI Prudential Fixed Maturity Plan Series 88 182 Days Plan J Direct Growth

Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 125 Days Plan H Direct Growth

Low to Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 93 Days Plan P Direct Growth

Low to Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 1199 Days Plan Q Direct Growth

Low to Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 1858 Days Plan D Direct Growth

Moderate Risk

-0.0%--
ICICI Prudential Fixed Maturity Plan Series 88 1226 Days Plan F Direct Growth

Low Risk

--₹129.54 Cr6.1%
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth

Very High Risk

0.8%0.0%₹37.52 Cr2.8%
ICICI Prudential Fixed Maturity Plan Series 88 1828 Days Plan A Direct Growth

Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 1833 Days Plan C Direct Growth

Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 1192 Days Plan R Direct Growth

Low to Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 95 Days Plan B Direct Growth

Moderately High risk

----
ICICI Prudential Fixed Maturity Plan Series 88 1303 Days Plan S Direct Growth

Low Risk

-0.0%₹62.28 Cr6.0%
ICICI Prudential Fixed Maturity Plan Series 88 226 Days Plan E Direct Growth

Moderate Risk

-0.0%--
ICICI Prudential Thematic Advantage Fund (FOF) Direct Growth

Very High Risk

1.2%1.0%₹9476.94 Cr2.5%
ICICI Prudential Floating Interest Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹8464.44 Cr6.9%
ICICI Prudential Gilt Fund Direct Growth

Low to Moderate Risk

0.6%0.0%₹8890.13 Cr6.6%
ICICI Prudential All Seasons Bond Fund Direct Growth

Moderately High risk

0.6%0.0%₹13260.35 Cr6.7%
ICICI Prudential Long Term Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹843.40 Cr5.2%
ICICI Prudential Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹61557.98 Cr6.4%
ICICI Prudential Innovation Fund Direct Growth

Very High Risk

1.2%1.0%₹7843.53 Cr8.1%
ICICI Prudential Global Stable Equity Fund (FOF) Direct Growth

Very High Risk

1.1%1.0%₹92.16 Cr20.2%
ICICI Prudential Bond Fund Direct Growth

Moderate Risk

0.5%0.0%₹1983.34 Cr6.2%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk

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What is the current NAV of ICICI Prudential Innovation Fund Direct Growth?

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The NAV of ICICI Prudential Innovation Fund Direct Growth, as of 27-Aug-2026, is ₹20.58.
The fund has generated 8.09% over the last 1 year and 21.09% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 97.30% in equities, 0.00% in bonds, and 2.67% in cash and cash equivalents.
The fund managers responsible for ICICI Prudential Innovation Fund Direct Growth are:-
  1. Vaibhav Dusad
  2. Sharmila D’mello
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