ICICI Prudential Innovation Fund Direct Growth
EquityEquity - OtherVery High Risk
Direct
NAV (18-Sep-24)
₹18.66-0.74%1D
Returns (Since Inception)
56.56%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹6,213 Cr
Expense Ratio
0.65%
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, 4 months and 18 days, having been launched on 02-May-23.
As of 18-Sep-24, it has a Net Asset Value (NAV) of ₹18.66, Assets Under Management (AUM) of 6212.80 Crores, and an expense ratio of 0.65%.
As of 18-Sep-24, it has a Net Asset Value (NAV) of ₹18.66, Assets Under Management (AUM) of 6212.80 Crores, and an expense ratio of 0.65%.
- ICICI Prudential Innovation Fund Direct Growth has given a CAGR return of 56.56% since inception.
- The fund's asset allocation comprises around 95.26% in equities, 0.00% in debts, and 4.74% 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
+54.73%
— (Cat Avg.)
Since Inception
+56.56%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹5,918.52 Cr | 95.26% |
| Others | ₹294.28 Cr | 4.74% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Maruti Suzuki India Ltd | Equity | ₹253.1 Cr | 4.07% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹212.93 Cr | 3.43% |
| Pidilite Industries Ltd | Equity | ₹201.28 Cr | 3.24% |
| ICICI Bank Ltd | Equity | ₹189.38 Cr | 3.05% |
| HDFC Life Insurance Co Ltd | Equity | ₹187.57 Cr | 3.02% |
| Microsoft Corp | Equity | ₹165.41 Cr | 2.66% |
| Cummins India Ltd | Equity | ₹151.85 Cr | 2.44% |
| Siemens Ltd | Equity | ₹151.45 Cr | 2.44% |
| Larsen & Toubro Ltd | Equity | ₹150.77 Cr | 2.43% |
| Treps | Cash - Repurchase Agreement | ₹149.58 Cr | 2.41% |
| Hindustan Unilever Ltd | Equity | ₹148.49 Cr | 2.39% |
| Hero MotoCorp Ltd | Equity | ₹147.65 Cr | 2.38% |
| Bharti Airtel Ltd | Equity | ₹141.57 Cr | 2.28% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹130.2 Cr | 2.10% |
| Havells India Ltd | Equity | ₹123.5 Cr | 1.99% |
| Godrej Consumer Products Ltd | Equity | ₹122.79 Cr | 1.98% |
| Reliance Industries Ltd | Equity | ₹122.53 Cr | 1.97% |
| Avenue Supermarts Ltd | Equity | ₹118.99 Cr | 1.92% |
| Zydus Lifesciences Ltd | Equity | ₹117.7 Cr | 1.89% |
| Infosys Ltd | Equity | ₹117.13 Cr | 1.89% |
| Trent Ltd | Equity | ₹110.57 Cr | 1.78% |
| Power Grid Corp Of India Ltd | Equity | ₹110.37 Cr | 1.78% |
| Info Edge (India) Ltd | Equity | ₹110.18 Cr | 1.77% |
| Nestle India Ltd | Equity | ₹105.03 Cr | 1.69% |
| Aurobindo Pharma Ltd | Equity | ₹102.88 Cr | 1.66% |
| NTPC Ltd | Equity | ₹94.11 Cr | 1.51% |
| Page Industries Ltd | Equity | ₹91.41 Cr | 1.47% |
| Oracle Corp | Equity | ₹89.93 Cr | 1.45% |
| Max Financial Services Ltd | Equity | ₹79.61 Cr | 1.28% |
| TVS Motor Co Ltd | Equity | ₹78.7 Cr | 1.27% |
| SRF Ltd | Equity | ₹78.17 Cr | 1.26% |
| Amazon.com Inc | Equity | ₹77.55 Cr | 1.25% |
| Net Current Assets | Cash | ₹72.54 Cr | 1.17% |
| Syngene International Ltd | Equity | ₹70.59 Cr | 1.14% |
| Dr Reddy's Laboratories Ltd | Equity | ₹69.96 Cr | 1.13% |
| Triveni Turbine Ltd | Equity | ₹68.81 Cr | 1.11% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹68.66 Cr | 1.11% |
| Bharat Forge Ltd | Equity | ₹66.1 Cr | 1.06% |
| LTIMindtree Ltd | Equity | ₹65.84 Cr | 1.06% |
| AstraZeneca Pharma India Ltd | Equity | ₹64.59 Cr | 1.04% |
| Bharti Airtel Ltd (Partly Paid Rs.1.25) | Equity | ₹64.37 Cr | 1.04% |
| Netweb Technologies India Ltd | Equity | ₹61.32 Cr | 0.99% |
| PI Industries Ltd | Equity | ₹61.28 Cr | 0.99% |
| Asian Paints Ltd | Equity | ₹61.02 Cr | 0.98% |
| Star Health and Allied Insurance Co Ltd | Equity | ₹58.95 Cr | 0.95% |
| Brigade Enterprises Ltd | Equity | ₹57.62 Cr | 0.93% |
| 3M India Ltd | Equity | ₹54 Cr | 0.87% |
| Bharat Electronics Ltd | Equity | ₹53.17 Cr | 0.86% |
| Cognizant Technology Solutions Corp Class A | Equity | ₹53.06 Cr | 0.85% |
| Cash Margin - Derivatives | Cash - Collateral | ₹52.4 Cr | 0.84% |
| Bata India Ltd | Equity | ₹50.56 Cr | 0.81% |
| EPAM Systems Inc | Equity | ₹48.16 Cr | 0.78% |
| ABB India Ltd | Equity | ₹47.93 Cr | 0.77% |
| Kalpataru Projects International Ltd | Equity | ₹47.89 Cr | 0.77% |
| Techno Electric & Engineering Co Ltd | Equity | ₹45.42 Cr | 0.73% |
| Alphabet Inc Class C | Equity | ₹44.78 Cr | 0.72% |
| Medplus Health Services Ltd | Equity | ₹42.48 Cr | 0.68% |
| KSB Ltd | Equity | ₹41.83 Cr | 0.67% |
| Procter & Gamble Hygiene and Health Care Ltd | Equity | ₹41.09 Cr | 0.66% |
| BEML Ltd | Equity | ₹40.7 Cr | 0.66% |
| Bajaj Electricals Ltd | Equity | ₹40.19 Cr | 0.65% |
| Gland Pharma Ltd | Equity | ₹35.89 Cr | 0.58% |
| Rategain Travel Technologies Ltd | Equity | ₹35.04 Cr | 0.56% |
| IndiaMART InterMESH Ltd | Equity | ₹32.43 Cr | 0.52% |
| Orient Electric Ltd Ordinary Shares | Equity | ₹32.26 Cr | 0.52% |
| Thyrocare Technologies Ltd | Equity | ₹31.57 Cr | 0.51% |
| Yatra Online Ltd | Equity | ₹31.02 Cr | 0.50% |
| Accenture PLC Class A | Equity | ₹30.35 Cr | 0.49% |
| Wipro Ltd | Equity | ₹28.27 Cr | 0.45% |
| PSP Projects Ltd | Equity | ₹24.94 Cr | 0.40% |
| Ingersoll-Rand (India) Ltd | Equity | ₹24.76 Cr | 0.40% |
| Cyient DLM Ltd | Equity | ₹20.8 Cr | 0.33% |
| Premier Energies Ltd | Equity | ₹17.98 Cr | 0.29% |
| 182 DTB 24102024 | Bond - Gov't/Treasury | ₹9.91 Cr | 0.16% |
| 91 DTB 21112024 | Bond - Gov't/Treasury | ₹9.86 Cr | 0.16% |
Allocation By Market Cap (Equity)
Large Cap Stocks
52.76%
Mid Cap Stocks
19.14%
Small Cap Stocks
14.88%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Industrials | ₹1,095.69 Cr | 17.64% |
| Consumer Cyclical | ₹979.1 Cr | 15.76% |
| Technology | ₹863.5 Cr | 13.90% |
| Healthcare | ₹748.6 Cr | 12.05% |
| Consumer Defensive | ₹536.4 Cr | 8.63% |
| Financial Services | ₹515.52 Cr | 8.30% |
| Basic Materials | ₹401.76 Cr | 6.47% |
| Communication Services | ₹393.32 Cr | 6.33% |
| Utilities | ₹204.48 Cr | 3.29% |
| Energy | ₹122.53 Cr | 1.97% |
| Real Estate | ₹57.62 Cr | 0.93% |
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 31st August 2024
ISIN | INF109KC12T2 | Expense Ratio | 0.65% | Exit Load | 1.00% | Fund Size | ₹6,213 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
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
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 name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| SBI Equity Minimum Variance Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹228.86 Cr | 34.3% |
| SBI Equity Minimum Variance Fund Regular Growth Very High Risk | 0.7% | 0.0% | ₹228.86 Cr | 33.8% |
| Bandhan Transportation and Logistics Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹595.09 Cr | 50.8% |
| Bandhan Transportation and Logistics Fund Regular Growth Very High Risk | 2.4% | 0.0% | ₹595.09 Cr | 48.4% |
| ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹3282.87 Cr | 55.2% |
| ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3282.87 Cr | 53.3% |
| 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% | - | ₹324.39 Cr | 57.4% |
| DSP Nifty Midcap 150 Quality 50 ETF Low Risk | 0.3% | - | ₹100.90 Cr | 34.4% |
About the AMC
Total AUM
₹8,56,645 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 18-Sep-2024, is ₹18.66.
What is the portfolio composition of ICICI Prudential Innovation Fund Direct Growth?
The fund's allocation of assets is distributed as 95.26% in equities, 0.00% in bonds, and 4.74% 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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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.
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.