
ICICI Prudential Innovation Fund Direct Growth
ICICI Prudential Innovation Fund Direct Growth
as on 05 Nov 2026
ICICI Prudential Innovation Fund Direct Growth is a Equity mutual fund scheme launched on 02 May 2023. The current NAV stands at ₹19.8300 as of 05 Nov 2026. From the funds total AUM, its top holdings include ICICI Bank at 4.61%, Maruti Suzuki at 4.61%, Axis Bank at 3.06%, CAMS at 2.76%, 360 One WAM at 2.65%
Scheme Overview
- Inception Date : 02 May 2023
- AUM : ₹7,549.12 Cr
- 3Y Returns (CAGR) : 18.28%
- Expense Ratio : 1.24%
- Min. SIP : ₹100
- Min. Lumpsum : ₹5,000
Returns Calculator
basis annualised returns
Investment Type
SIP Amount
Investment Period
3Y
₹ 18.95 L
3.50%
₹ 20.40 L
8.00%
₹ 24.10 L
18.28%
Total Investment
₹ 18,00,000
Returns
₹ 6,10,372 (18.28%)
Maturity Value
₹ 24,10,372
Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
Direct vs Regular Returns
Sorry, No Data Available at this Moment!
Returns vs Category
Sorry, No Data Available at this Moment!
*The above returns are absolute
Returns Vs Nifty 50
Historical Returns
Sorry, No Data Available at this Moment!
Start SIP with as Low as ₹100.
Historical NAV
Sorry, No Data Available at this Moment!
Asset Allocation
AUM
₹ 7,549.12 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
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Asset Allocation
AUM
₹7,549.12 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
as of 31 May 2026
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Consumer Cyclical | 20.17% | ||
| Healthcare | 19.79% | ||
| Technology | 18.51% | ||
| Industrials | 13.80% | ||
| Financial Services | 12.02% | ||
| Communication Services | 5.74% | ||
| Other | 2.97% | ||
| Energy | 2.67% | ||
| Utilities | 2.21% | ||
| Consumer Defensive | 1.49% | ||
| Real Estate | 0.64% |
Stock Holdings
as of 31 May 2026
Fund Comparison
Fund Details
52W High NAV
₹ 20.6300
Min. SIP Amount
₹ 100.00
Min. Lumpsum Amount
₹ 5,000.00
AUM (in Cr.)
₹ 7,549.12
Expense Ratio
1.24%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 17.0900
Inception Date
02 May 2023
Fund Age
3 Yrs
Benchmark
Nifty 500 TRI
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- Exit load of 1%, if redeemed within 1 month.
Tax Implication
- If you redeem within 1 year, STCG are taxed at 20%; If you redeem after 1 year, and returns exceed ₹1.25 Lakhs in a financial year, LTCG are taxed at 12.5%
Fund Managers
| Name | Qualification |
|---|---|
| Vaibhav Dusad | MBA, B.Tech, M.Tech, IIT Chennai |
Fund 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 theme. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Risk-O-Meter
Investors understand that their principal will be at
Moderate Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
AMC Information
ICICI Prudential Mutual Fund
No. of Schemes
103
Total AUM
₹ 10,17,810.28 Cr
Contact Details
One BKC, A-Wing, 13th Floor,Bandra Kurla Complex,Mumbai 400051
Contact Details
One BKC, A-Wing, 13th Floor,Bandra Kurla Complex,Mumbai 400051
FAQs
When was ICICI Prudential Innovation Fund launched?
What is the current NAV of ICICI Prudential Innovation Fund?
What is the AUM of ICICI Prudential Innovation Fund?
What is the rate of return of ICICI Prudential Innovation Fund?
- In the past 1Y: -0.41%
- In the past 3Y: 18.28%
- In the past 5Y: 0.00%
What is the expense ratio of ICICI Prudential Innovation Fund?
What is exit load of ICICI Prudential Innovation Fund?
What is the portfolio of ICICI Prudential Innovation Fund?
- ICICI Bank: 4.61%
- Maruti Suzuki: 4.61%
- Axis Bank: 3.06%
- CAMS: 2.76%
- 360 One WAM: 2.65%
Top 3 sectoral holdings include:
- Consumer Cyclical: 20.17%
- Healthcare: 19.79%
- Technology: 18.51%
How risky is investing in ICICI Prudential Innovation Fund?
Who is the fund manager ICICI Prudential Innovation Fund?
What is the minimum investment required in ICICI Prudential Innovation Fund?
How to invest in ICICI Prudential Innovation Fund directly?
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.

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