ICICI Prudential Innovation Fund Direct Growth
EquityEquity - OtherVery High Risk
Direct
NAV (17-May-24)
₹16.400.68%1D
Returns (Since Inception)
60.07%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹4,718 Cr
Expense Ratio
0.63%
ISIN
INF109KC12T2
Minimum SIP
₹1,000
Exit Load
1.00%
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 1 years and 18 days, having been launched on 02-May-23.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹16.40, Assets Under Management (AUM) of 4718.29 Crores, and an expense ratio of 0.63%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹16.40, Assets Under Management (AUM) of 4718.29 Crores, and an expense ratio of 0.63%.
- ICICI Prudential Innovation Fund Direct Growth has given a CAGR return of 60.07% since inception.
- The fund's asset allocation comprises around 96.07% in equities, 0.00% in debts, and 3.93% 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
+63.02%
— (Cat Avg.)
Since Inception
+60.07%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Equity | ₹4,532.98 Cr | 96.07% |
| Others | ₹185.31 Cr | 3.93% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Treps | Cash - Repurchase Agreement | ₹201.52 Cr | 4.27% |
| Maruti Suzuki India Ltd | Equity | ₹179.83 Cr | 3.81% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹178.7 Cr | 3.79% |
| Siemens Ltd | Equity | ₹163.84 Cr | 3.47% |
| ICICI Bank Ltd | Equity | ₹146.92 Cr | 3.11% |
| HDFC Life Insurance Company Limited | Equity | ₹133.38 Cr | 2.83% |
| Microsoft Corp | Equity | ₹132.11 Cr | 2.80% |
| Reliance Industries Ltd | Equity | ₹119.07 Cr | 2.52% |
| Bharti Airtel Ltd | Equity | ₹117.8 Cr | 2.50% |
| Aurobindo Pharma Ltd | Equity | ₹111.18 Cr | 2.36% |
| Infosys Ltd | Equity | ₹111.18 Cr | 2.36% |
| Larsen & Toubro Ltd | Equity | ₹110.34 Cr | 2.34% |
| Bharat Forge Ltd | Equity | ₹106.99 Cr | 2.27% |
| Cummins India Ltd | Equity | ₹106.84 Cr | 2.26% |
| Zydus Lifesciences Ltd | Equity | ₹101.41 Cr | 2.15% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹101.13 Cr | 2.14% |
| Hero MotoCorp Ltd | Equity | ₹97.96 Cr | 2.08% |
| Bharat Electronics Ltd | Equity | ₹95.71 Cr | 2.03% |
| Navin Fluorine International Ltd | Equity | ₹94.73 Cr | 2.01% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹93.4 Cr | 1.98% |
| Avenue Supermarts Ltd | Equity | ₹93.33 Cr | 1.98% |
| Godrej Consumer Products Ltd | Equity | ₹92.73 Cr | 1.97% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹91.73 Cr | 1.94% |
| Havells India Ltd | Equity | ₹79.49 Cr | 1.68% |
| Dr Reddy's Laboratories Ltd | Equity | ₹78.52 Cr | 1.66% |
| Amazon.com Inc | Equity | ₹75.71 Cr | 1.60% |
| Syngene International Ltd | Equity | ₹73.37 Cr | 1.56% |
| Bajaj Auto Ltd | Equity | ₹65.51 Cr | 1.39% |
| Star Health and Allied Insurance Co Ltd | Equity | ₹65.38 Cr | 1.39% |
| IndiaMART InterMESH Ltd | Equity | ₹63.56 Cr | 1.35% |
| Trent Ltd | Equity | ₹61.74 Cr | 1.31% |
| Gillette India Ltd | Equity | ₹59 Cr | 1.25% |
| TVS Motor Co Ltd | Equity | ₹57.63 Cr | 1.22% |
| 3M India Ltd | Equity | ₹55.7 Cr | 1.18% |
| NTPC Ltd | Equity | ₹52.45 Cr | 1.11% |
| AstraZeneca Pharma India Ltd | Equity | ₹52.32 Cr | 1.11% |
| Schaeffler India Ltd | Equity | ₹51.86 Cr | 1.10% |
| Bharti Airtel Ltd (Partly Paid Rs.1.25) | Equity | ₹50.51 Cr | 1.07% |
| Info Edge (India) Ltd | Equity | ₹49.39 Cr | 1.05% |
| Metro Brands Ltd | Equity | ₹46.23 Cr | 0.98% |
| Bajaj Electricals Ltd | Equity | ₹45.63 Cr | 0.97% |
| Page Industries Ltd | Equity | ₹44.94 Cr | 0.95% |
| Cognizant Technology Solutions Corp Class A | Equity | ₹44.63 Cr | 0.95% |
| Alphabet Inc Class C | Equity | ₹44.46 Cr | 0.94% |
| BEML Ltd | Equity | ₹42.85 Cr | 0.91% |
| Gland Pharma Ltd | Equity | ₹42.78 Cr | 0.91% |
| KSB Ltd | Equity | ₹42.3 Cr | 0.90% |
| Procter & Gamble Hygiene and Health Care Ltd | Equity | ₹40.23 Cr | 0.85% |
| Oracle Corp | Equity | ₹39.34 Cr | 0.83% |
| HCL Technologies Ltd | Equity | ₹38.67 Cr | 0.82% |
| Orient Electric Ltd Ordinary Shares | Equity | ₹37.44 Cr | 0.79% |
| Mahindra & Mahindra Ltd | Equity | ₹36.33 Cr | 0.77% |
| Ingersoll-Rand (India) Ltd | Equity | ₹35.58 Cr | 0.75% |
| Vedant Fashions Ltd | Equity | ₹34.48 Cr | 0.73% |
| Net Current Assets | Cash | ₹-33.61 Cr | 0.71% |
| Bata India Ltd | Equity | ₹32.89 Cr | 0.70% |
| Thyrocare Technologies Ltd | Equity | ₹30.51 Cr | 0.65% |
| Rategain Travel Technologies Ltd | Equity | ₹28.93 Cr | 0.61% |
| Yatra Online Ltd | Equity | ₹27.53 Cr | 0.58% |
| Accenture PLC Class A | Equity | ₹26.59 Cr | 0.56% |
| Adobe Inc | Equity | ₹25.13 Cr | 0.53% |
| Netweb Technologies India Ltd | Equity | ₹24.37 Cr | 0.52% |
| Viatris Inc | Equity | ₹22.07 Cr | 0.47% |
| 3M Co | Equity | ₹20.39 Cr | 0.43% |
| ABB India Ltd | Equity | ₹20.16 Cr | 0.43% |
| Ganesha Ecosphere Ltd | Equity | ₹18.5 Cr | 0.39% |
| Cash Margin - Derivatives | Cash - Collateral | ₹17.4 Cr | 0.37% |
| Shilpa Medicare Ltd | Equity | ₹16.93 Cr | 0.36% |
| Divgi TorqTransfer Systems Ltd | Equity | ₹15.09 Cr | 0.32% |
| Blue Jet Healthcare Ltd | Equity | ₹11.6 Cr | 0.25% |
| Apeejay Surrendra Park Hotels Ltd | Equity | ₹11.15 Cr | 0.24% |
| FSN E-Commerce Ventures Ltd | Equity | ₹9.37 Cr | 0.20% |
| Solventum Corp | Equity | ₹3.43 Cr | 0.07% |
Allocation By Market Cap (Equity)
Large Cap Stocks
57.87%
Mid Cap Stocks
24.88%
Small Cap Stocks
13.32%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Consumer Cyclical | ₹1,056.8 Cr | 22.40% |
| Industrials | ₹864.93 Cr | 18.33% |
| Healthcare | ₹816.23 Cr | 17.30% |
| Technology | ₹572.06 Cr | 12.12% |
| Financial Services | ₹345.69 Cr | 7.33% |
| Communication Services | ₹325.73 Cr | 6.90% |
| Consumer Defensive | ₹285.29 Cr | 6.05% |
| Energy | ₹119.07 Cr | 2.52% |
| Basic Materials | ₹94.73 Cr | 2.01% |
| Utilities | ₹52.45 Cr | 1.11% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF109KC12T2 | Expense Ratio | 0.63% | Exit Load | 1.00% | Fund Size | ₹4,718 Cr | Age | 02 May 2023 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty 500 TR INR |
|---|
Investment 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
Withdrawal within 1 year
Flat 15% tax on realised gains (STCG - short term capital gains)
Withdrawal after 1 year
10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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 name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| SBI Equity Minimum Variance Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹189.69 Cr | 31.0% |
| SBI Equity Minimum Variance Fund Regular Growth Very High Risk | 0.7% | 0.0% | ₹189.69 Cr | 30.6% |
| Bandhan Transportation and Logistics Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹469.41 Cr | 60.7% |
| Bandhan Transportation and Logistics Fund Regular Growth Very High Risk | 2.4% | 0.0% | ₹469.41 Cr | 58.1% |
| ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹2838.70 Cr | 60.6% |
| ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk | 2.0% | 1.0% | ₹2838.70 Cr | 58.6% |
| HDFC NIFTY200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹11.35 Cr | 63.0% |
| HDFC NIFTY100 Low Volatility 30 ETF Very High Risk | 0.3% | - | ₹5.95 Cr | 34.7% |
| ICICI Prudential Nifty 200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹141.30 Cr | 69.9% |
| DSP Nifty Midcap 150 Quality 50 ETF Low Risk | 0.3% | - | ₹85.36 Cr | 38.4% |
About the AMC
Total AUM
₹7,40,943 Cr
Address
3rd Floor, Hallmark Business Plaza, Mumbai, 400 051
Other Funds by ICICI Prudential Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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We're here to help.
What is the current NAV of ICICI Prudential Innovation Fund Direct Growth?
The NAV of ICICI Prudential Innovation Fund Direct Growth, as of 17-May-2024, is ₹16.40.
What is the portfolio composition of ICICI Prudential Innovation Fund Direct Growth?
The fund's allocation of assets is distributed as 96.07% in equities, 0.00% in bonds, and 3.93% in cash and cash equivalents.
Who manages the ICICI Prudential Innovation Fund Direct Growth?
The fund managers responsible for ICICI Prudential Innovation Fund Direct Growth are:-
- Anish Tawakley
- Vaibhav Dusad
- Sharmila D’mello
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.