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Fund Overview

Fund Size

Fund Size

₹4,718 Cr

Expense Ratio

Expense Ratio

0.63%

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 1 years and 20 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%.
  • 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

Equity4,532.98 Cr96.07%
Others185.31 Cr3.93%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
TrepsCash - Repurchase Agreement201.52 Cr4.27%
Maruti Suzuki India LtdEquity179.83 Cr3.81%
Sun Pharmaceuticals Industries LtdEquity178.7 Cr3.79%
Siemens LtdEquity163.84 Cr3.47%
ICICI Bank LtdEquity146.92 Cr3.11%
HDFC Life Insurance Company LimitedEquity133.38 Cr2.83%
Microsoft CorpEquity132.11 Cr2.80%
Reliance Industries LtdEquity119.07 Cr2.52%
Bharti Airtel LtdEquity117.8 Cr2.50%
Aurobindo Pharma LtdEquity111.18 Cr2.36%
Infosys LtdEquity111.18 Cr2.36%
Larsen & Toubro LtdEquity110.34 Cr2.34%
Bharat Forge LtdEquity106.99 Cr2.27%
Cummins India LtdEquity106.84 Cr2.26%
Zydus Lifesciences LtdEquity101.41 Cr2.15%
Hitachi Energy India Ltd Ordinary SharesEquity101.13 Cr2.14%
Hero MotoCorp LtdEquity97.96 Cr2.08%
Bharat Electronics LtdEquity95.71 Cr2.03%
Navin Fluorine International LtdEquity94.73 Cr2.01%
Apollo Hospitals Enterprise LtdEquity93.4 Cr1.98%
Avenue Supermarts LtdEquity93.33 Cr1.98%
Godrej Consumer Products LtdEquity92.73 Cr1.97%
Hindustan Aeronautics Ltd Ordinary SharesEquity91.73 Cr1.94%
Havells India LtdEquity79.49 Cr1.68%
Dr Reddy's Laboratories LtdEquity78.52 Cr1.66%
Amazon.com IncEquity75.71 Cr1.60%
Syngene International LtdEquity73.37 Cr1.56%
Bajaj Auto LtdEquity65.51 Cr1.39%
Star Health and Allied Insurance Co LtdEquity65.38 Cr1.39%
IndiaMART InterMESH LtdEquity63.56 Cr1.35%
Trent LtdEquity61.74 Cr1.31%
Gillette India LtdEquity59 Cr1.25%
TVS Motor Co LtdEquity57.63 Cr1.22%
3M India LtdEquity55.7 Cr1.18%
NTPC LtdEquity52.45 Cr1.11%
AstraZeneca Pharma India LtdEquity52.32 Cr1.11%
Schaeffler India LtdEquity51.86 Cr1.10%
Bharti Airtel Ltd (Partly Paid Rs.1.25)Equity50.51 Cr1.07%
Info Edge (India) LtdEquity49.39 Cr1.05%
Metro Brands LtdEquity46.23 Cr0.98%
Bajaj Electricals LtdEquity45.63 Cr0.97%
Page Industries LtdEquity44.94 Cr0.95%
Cognizant Technology Solutions Corp Class AEquity44.63 Cr0.95%
Alphabet Inc Class CEquity44.46 Cr0.94%
BEML LtdEquity42.85 Cr0.91%
Gland Pharma LtdEquity42.78 Cr0.91%
KSB LtdEquity42.3 Cr0.90%
Procter & Gamble Hygiene and Health Care LtdEquity40.23 Cr0.85%
Oracle CorpEquity39.34 Cr0.83%
HCL Technologies LtdEquity38.67 Cr0.82%
Orient Electric Ltd Ordinary SharesEquity37.44 Cr0.79%
Mahindra & Mahindra LtdEquity36.33 Cr0.77%
Ingersoll-Rand (India) LtdEquity35.58 Cr0.75%
Vedant Fashions LtdEquity34.48 Cr0.73%
Net Current AssetsCash-33.61 Cr0.71%
Bata India LtdEquity32.89 Cr0.70%
Thyrocare Technologies LtdEquity30.51 Cr0.65%
Rategain Travel Technologies LtdEquity28.93 Cr0.61%
Yatra Online LtdEquity27.53 Cr0.58%
Accenture PLC Class AEquity26.59 Cr0.56%
Adobe IncEquity25.13 Cr0.53%
Netweb Technologies India LtdEquity24.37 Cr0.52%
Viatris IncEquity22.07 Cr0.47%
3M CoEquity20.39 Cr0.43%
ABB India LtdEquity20.16 Cr0.43%
Ganesha Ecosphere LtdEquity18.5 Cr0.39%
Cash Margin - DerivativesCash - Collateral17.4 Cr0.37%
Shilpa Medicare LtdEquity16.93 Cr0.36%
Divgi TorqTransfer Systems LtdEquity15.09 Cr0.32%
Blue Jet Healthcare LtdEquity11.6 Cr0.25%
Apeejay Surrendra Park Hotels LtdEquity11.15 Cr0.24%
FSN E-Commerce Ventures LtdEquity9.37 Cr0.20%
Solventum CorpEquity3.43 Cr0.07%

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

SectorAmount sortHoldings sort
Consumer Cyclical1,056.8 Cr22.40%
Industrials864.93 Cr18.33%
Healthcare816.23 Cr17.30%
Technology572.06 Cr12.12%
Financial Services345.69 Cr7.33%
Communication Services325.73 Cr6.90%
Consumer Defensive285.29 Cr6.05%
Energy119.07 Cr2.52%
Basic Materials94.73 Cr2.01%
Utilities52.45 Cr1.11%

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

AT

Anish Tawakley

Since May 2023

Vaibhav Dusad

Vaibhav Dusad

Since May 2023

SD

Sharmila D’mello

Since May 2023

Additional Scheme Detailsas of 30th April 2024

ISININF109KC12T2Expense Ratio0.63%Exit Load1.00%Fund Size₹4,718 CrAge02 May 2023Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkNifty 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

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 nameExpense RatioExit LoadFund size
1Y
SBI Equity Minimum Variance Fund Direct Growth

Very High Risk

0.4%0.0%₹189.69 Cr32.8%
SBI Equity Minimum Variance Fund Regular Growth

Very High Risk

0.7%0.0%₹189.69 Cr32.4%
Bandhan Transportation and Logistics Fund Direct Growth

Very High Risk

0.8%0.0%₹469.41 Cr62.8%
Bandhan Transportation and Logistics Fund Regular Growth

Very High Risk

2.4%0.0%₹469.41 Cr60.1%
ICICI Prudential Transportation and Logistics Fund Direct Growth

Very High Risk

0.8%1.0%₹2838.70 Cr60.9%
ICICI Prudential Transportation and Logistics Fund Regular Growth

Very High Risk

2.0%1.0%₹2838.70 Cr58.8%
HDFC NIFTY200 Momentum 30 ETF

Very High Risk

0.3%-₹11.35 Cr63.0%
HDFC NIFTY100 Low Volatility 30 ETF

Very High Risk

0.3%-₹5.95 Cr34.7%
ICICI Prudential Nifty 200 Momentum 30 ETF

Very High Risk

0.3%-₹141.30 Cr74.3%
DSP Nifty Midcap 150 Quality 50 ETF

Low Risk

0.3%-₹85.36 Cr39.2%

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

Fund nameExpense RatioExit LoadFund size
1Y
ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹48.26 Cr-
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 to Moderate Risk

---6.8%
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth

Very High Risk

1.0%0.0%₹39.90 Cr41.9%
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 to Moderate Risk

-0.0%-7.0%
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%₹1558.70 Cr33.5%
ICICI Prudential Floating Interest Fund Direct Growth

Moderate Risk

0.6%0.0%₹9866.99 Cr8.7%
ICICI Prudential Gilt Fund Direct Growth

Moderate Risk

0.6%0.0%₹6325.16 Cr8.2%
ICICI Prudential All Seasons Bond Fund Direct Growth

Moderately High risk

0.5%0.0%₹12458.02 Cr8.0%
ICICI Prudential Long Term Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹816.26 Cr7.0%
ICICI Prudential Liquid Fund Direct Growth

Moderate Risk

0.2%0.0%₹43472.95 Cr7.3%
ICICI Prudential Innovation Fund Direct Growth

Very High Risk

0.6%1.0%₹4718.29 Cr63.0%
ICICI Prudential Global Stable Equity Fund (FOF) Direct Growth

Very High Risk

1.4%1.0%₹117.21 Cr9.6%
ICICI Prudential Bond Fund Direct Growth

Moderate Risk

0.6%0.0%₹2928.20 Cr7.4%
ICICI Prudential Smallcap Fund Direct Growth

Very High Risk

0.6%1.0%₹7658.95 Cr46.4%
ICICI Prudential Midcap Fund Direct Growth

Very High Risk

0.9%1.0%₹5814.03 Cr63.1%
ICICI Prudential Infrastructure Fund Direct Growth

Very High Risk

1.0%1.0%₹5004.78 Cr70.4%
ICICI Prudential Nifty 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹8775.12 Cr24.8%
ICICI Prudential Regular Savings Fund Direct Growth

High Risk

0.9%1.0%₹3402.04 Cr15.4%
ICICI Prudential Money Market Fund Direct Growth

Moderate Risk

0.2%0.0%₹21861.14 Cr7.6%
ICICI Prudential Nifty Next 50 Index Direct Growth

Very High Risk

0.3%0.0%₹4909.40 Cr68.7%
ICICI Prudential Regular Gold Savings (FOF) Direct Growth

High Risk

0.6%1.0%₹939.59 Cr21.9%
ICICI Prudential Credit Risk Fund Direct Growth

High Risk

0.8%1.0%₹7075.33 Cr8.3%
ICICI Prudential Large & Mid Cap Fund Direct Growth

Very High Risk

0.8%1.0%₹13117.39 Cr48.3%
ICICI Pru Multicap Fund Direct Growth

Very High Risk

0.9%1.0%₹11881.69 Cr48.6%
ICICI Prudential Short Term Fund Direct Growth

Moderate Risk

0.5%0.0%₹18091.83 Cr7.9%
ICICI Prudential US Bluechip Equity Fund Direct Growth

Very High Risk

1.1%1.0%₹3055.82 Cr23.2%
ICICI Prudential Corporate Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹27350.22 Cr7.8%
ICICI Prudential Exports and Services Fund Direct Growth

Very High Risk

1.6%1.0%₹1318.17 Cr44.0%
ICICI Prudential Long Term Equity Fund ( Tax Saving) Direct Growth

Very High Risk

1.1%0.0%₹13415.48 Cr34.5%
ICICI Prudential Technology Direct Growth

Very High Risk

0.9%1.0%₹11790.33 Cr32.0%
ICICI Prudential Income Optimizer Fund (FOF) Direct Growth

Moderately High risk

1.3%1.0%₹270.31 Cr16.0%
ICICI Prudential Flexicap Fund Direct Growth

Very High Risk

0.7%1.0%₹14880.68 Cr41.8%
ICICI Prudential Equity Savings Fund Direct Growth

Moderate Risk

0.5%0.0%₹10118.19 Cr11.1%
ICICI Prudential Retirement Fund Hybrid Aggressive Plan Direct Growth

Very High Risk

0.8%0.0%₹429.46 Cr52.0%
ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth

Very High Risk

0.7%0.0%₹729.80 Cr62.0%
ICICI Prudential Retirement Fund Hybrid Conservative Plan Direct Growth

Moderately High risk

1.0%0.0%₹57.04 Cr19.8%
ICICI Prudential Retirement Fund Pure Debt Plan Direct Growth

Moderate Risk

1.0%0.0%₹125.81 Cr7.4%
ICICI Prudential India Opportunities Fund Direct Growth

Very High Risk

0.6%1.0%₹19072.35 Cr50.5%
ICICI Prudential Passive Multi-Asset Fund of Funds Direct Growth

High Risk

0.5%1.0%₹1069.70 Cr19.4%
ICICI Prudential Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹9056.41 Cr7.7%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of ICICI Prudential Innovation Fund Direct Growth, as of 17-May-2024, is ₹16.40.
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.
The fund managers responsible for ICICI Prudential Innovation Fund Direct Growth are:-
  1. Anish Tawakley
  2. Vaibhav Dusad
  3. Sharmila D’mello