ICICI Prudential Innovation Fund Direct Growth

Fund Overview

Fund Size

₹6,298 Cr

Expense Ratio

0.78%

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, 11 months and 17 days, having been launched on 02-May-23.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹17.42, Assets Under Management (AUM) of 6298.40 Crores, and an expense ratio of 0.78%.

ICICI Prudential Innovation Fund Direct Growth has given a CAGR return of 32.46% since inception.
The fund's asset allocation comprises around 93.59% in equities, 0.00% in debts, and 6.41% 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

+14.15%

— (Cat Avg.)

Since Inception

+32.46%

— (Cat Avg.)

Portfolio Summaryas of 31st March 2025

Equity	₹5,894.81 Cr	93.59%
Others	₹403.59 Cr	6.41%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
ICICI Bank Ltd	Equity	₹344.13 Cr	5.46%
Treps	Cash - Repurchase Agreement	₹309.48 Cr	4.91%
Pidilite Industries Ltd	Equity	₹221.95 Cr	3.52%
Reliance Industries Ltd	Equity	₹214.77 Cr	3.41%
Axis Bank Ltd	Equity	₹203.15 Cr	3.23%
Maruti Suzuki India Ltd	Equity	₹196.87 Cr	3.13%
Larsen & Toubro Ltd	Equity	₹185.04 Cr	2.94%
Bharti Airtel Ltd (Partly Paid Rs.1.25)	Equity	₹177.56 Cr	2.82%
Lupin Ltd	Equity	₹172.5 Cr	2.74%
Godrej Consumer Products Ltd	Equity	₹162.34 Cr	2.58%
Avenue Supermarts Ltd	Equity	₹156.44 Cr	2.48%
Bharti Airtel Ltd	Equity	₹155.21 Cr	2.46%
Havells India Ltd	Equity	₹146.92 Cr	2.33%
TVS Motor Co Ltd	Equity	₹142.02 Cr	2.25%
HDFC Life Insurance Co Ltd	Equity	₹139.66 Cr	2.22%
HDFC Bank Ltd	Equity	₹138.12 Cr	2.19%
Sun Pharmaceuticals Industries Ltd	Equity	₹137.95 Cr	2.19%
Power Grid Corp Of India Ltd	Equity	₹137.92 Cr	2.19%
Max Financial Services Ltd	Equity	₹126.78 Cr	2.01%
Syngene International Ltd	Equity	₹117.42 Cr	1.86%
NTPC Ltd	Equity	₹112.32 Cr	1.78%
Info Edge (India) Ltd	Equity	₹112.14 Cr	1.78%
LTIMindtree Ltd	Equity	₹110.92 Cr	1.76%
Infosys Ltd	Equity	₹110.13 Cr	1.75%
Hindustan Unilever Ltd	Equity	₹109.1 Cr	1.73%
Mahindra & Mahindra Ltd	Equity	₹105.72 Cr	1.68%
Siemens Ltd	Equity	₹98.85 Cr	1.57%
ABB India Ltd	Equity	₹94.1 Cr	1.49%
Cummins India Ltd	Equity	₹93.02 Cr	1.48%
Nestle India Ltd	Equity	₹92.63 Cr	1.47%
Trent Ltd	Equity	₹91.36 Cr	1.45%
Zydus Lifesciences Ltd	Equity	₹90.25 Cr	1.43%
Aurobindo Pharma Ltd	Equity	₹84.24 Cr	1.34%
KEI Industries Ltd	Equity	₹75.54 Cr	1.20%
Eicher Motors Ltd	Equity	₹70.86 Cr	1.13%
Vinati Organics Ltd	Equity	₹64.21 Cr	1.02%
Supreme Industries Ltd	Equity	₹59.75 Cr	0.95%
SRF Ltd	Equity	₹57.77 Cr	0.92%
Microsoft Corp	Equity	₹57.1 Cr	0.91%
Sagility India Ltd	Equity	₹56.53 Cr	0.90%
Cognizant Technology Solutions Corp Class A	Equity	₹53.26 Cr	0.85%
Navin Fluorine International Ltd	Equity	₹52.11 Cr	0.83%
Divi's Laboratories Ltd	Equity	₹51.97 Cr	0.83%
Dabur India Ltd	Equity	₹51.65 Cr	0.82%
Eternal Ltd	Equity	₹51.09 Cr	0.81%
91 DTB 10042025	Bond - Gov't/Treasury	₹49.92 Cr	0.79%
Samvardhana Motherson International Ltd	Equity	₹49.67 Cr	0.79%
ACME Solar Holdings Ltd	Equity	₹48.91 Cr	0.78%
Tata Motors Ltd	Equity	₹44.51 Cr	0.71%
United Spirits Ltd	Equity	₹43.06 Cr	0.68%
EPAM Systems Inc	Equity	₹41.33 Cr	0.66%
KSB Ltd	Equity	₹38.57 Cr	0.61%
International Gemmological Institute (India) Ltd	Equity	₹35.55 Cr	0.56%
Kalpataru Projects International Ltd	Equity	₹34.63 Cr	0.55%
NHPC Ltd	Equity	₹33.94 Cr	0.54%
Star Health and Allied Insurance Co Ltd	Equity	₹33.45 Cr	0.53%
91 Days Tbill Red 24-04-2025	Bond - Gov't/Treasury	₹28.88 Cr	0.46%
Accenture PLC Class A	Equity	₹28.26 Cr	0.45%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹26.93 Cr	0.43%
Oil India Ltd	Equity	₹25.72 Cr	0.41%
Devyani International Ltd	Equity	₹24.82 Cr	0.39%
Concord Enviro Systems Ltd	Equity	₹22.21 Cr	0.35%
Bajaj Electricals Ltd	Equity	₹22.05 Cr	0.35%
Netweb Technologies India Ltd	Equity	₹21.6 Cr	0.34%
91 DTB 17042025	Bond - Gov't/Treasury	₹19.94 Cr	0.32%
Triveni Turbine Ltd	Equity	₹18.29 Cr	0.29%
Yatra Online Ltd	Equity	₹17.95 Cr	0.29%
Net Current Assets	Cash	₹-17.82 Cr	0.28%
Cash Margin - Derivatives	Cash - Collateral	₹12.19 Cr	0.19%
India (Republic of)	Bond - Short-term Government Bills	₹1 Cr	0.02%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹985.28 Cr	15.64%
Industrials	₹929.43 Cr	14.76%
Consumer Cyclical	₹816.93 Cr	12.97%
Healthcare	₹710.86 Cr	11.29%
Consumer Defensive	₹615.21 Cr	9.77%
Communication Services	₹444.91 Cr	7.06%
Technology	₹422.59 Cr	6.71%
Basic Materials	₹373.81 Cr	5.94%
Utilities	₹355.29 Cr	5.64%
Energy	₹240.49 Cr	3.82%

Risk & Performance Ratios

Fund Managers

Anish Tawakley

Since May 2023

Vaibhav Dusad

Since May 2023

Sharmila D’mello

Since May 2023

Additional Scheme Detailsas of 31st March 2025

ISIN

INF109KC12T2

Expense Ratio

0.78%

Exit Load

1.00%

Fund Size

₹6,298 Cr

Age

1 year 11 months

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:

Dividend Taxation:

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
Motilal Oswal Nifty Capital Market ETF Very High Risk	0.3%	-	₹5.38 Cr	-
Mirae Asset BSE Select IPO ETF Very High Risk	-	-	₹14.61 Cr	-
Motilal Oswal Active Momentum Fund Direct Growth Very High Risk	2.6%	1.0%	₹46.20 Cr	-
Motilal Oswal Active Momentum Fund Regular Growth Very High Risk	2.7%	1.0%	₹46.20 Cr	-
Nippon India Active Momentum Fund Regular Growth Very High Risk	-	1.0%	₹130.97 Cr	-
Nippon India Active Momentum Fund Direct Growth Very High Risk	-	1.0%	₹130.97 Cr	-
Groww Nifty 200 ETF Very High Risk	0.3%	-	₹13.49 Cr	-
Invesco India Business Cycle Fund Direct Growth Very High Risk	0.6%	0.0%	₹267.72 Cr	-
Invesco India Business Cycle Fund Regular Growth Very High Risk	2.3%	0.0%	₹267.72 Cr	-
Kotak MSCI India ETF Very High Risk	0.4%	-	₹1018.03 Cr	-

About the AMC

ICICI Prudential Mutual Fund

+91 22 26428000

https://www.icicipruamc.com/

Total AUM

₹8,67,406 Cr

Address

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

Other Funds by ICICI Prudential Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹101.03 Cr	4.2%
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	-	-	₹129.54 Cr	8.3%
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth Very High Risk	1.0%	0.0%	₹37.80 Cr	11.4%
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%	₹62.28 Cr	8.7%
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	1.3%	1.0%	₹2595.41 Cr	19.0%
ICICI Prudential Floating Interest Fund Direct Growth Moderate Risk	0.6%	0.0%	₹6963.88 Cr	9.2%
ICICI Prudential Gilt Fund Direct Growth Low to Moderate Risk	0.6%	0.0%	₹7132.60 Cr	11.4%
ICICI Prudential All Seasons Bond Fund Direct Growth Moderate Risk	0.6%	0.0%	₹14362.97 Cr	11.0%
ICICI Prudential Long Term Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹1077.51 Cr	12.4%
ICICI Prudential Liquid Fund Direct Growth Moderate Risk	0.2%	0.0%	₹42292.67 Cr	7.4%
ICICI Prudential Innovation Fund Direct Growth Very High Risk	0.8%	1.0%	₹6298.40 Cr	14.2%
ICICI Prudential Global Stable Equity Fund (FOF) Direct Growth Very High Risk	1.7%	1.0%	₹110.11 Cr	11.0%
ICICI Prudential Bond Fund Direct Growth Moderate Risk	0.6%	0.0%	₹2816.38 Cr	11.4%
ICICI Prudential Smallcap Fund Direct Growth Very High Risk	0.8%	1.0%	₹7392.39 Cr	3.2%
ICICI Prudential Midcap Fund Direct Growth Very High Risk	1.2%	1.0%	₹5796.46 Cr	5.8%
ICICI Prudential Infrastructure Fund Direct Growth Very High Risk	1.2%	1.0%	₹7213.94 Cr	7.4%
ICICI Prudential Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹12618.64 Cr	8.7%
ICICI Prudential Regular Savings Fund Direct Growth High Risk	1.0%	1.0%	₹3127.42 Cr	10.8%
ICICI Prudential Money Market Fund Direct Growth Moderate Risk	0.2%	0.0%	₹24183.52 Cr	8.1%
ICICI Prudential Nifty Next 50 Index Direct Growth Very High Risk	0.3%	0.0%	₹6760.19 Cr	3.6%
ICICI Prudential Regular Gold Savings (FOF) Direct Growth High Risk	0.6%	1.0%	₹1909.02 Cr	28.7%
ICICI Prudential Credit Risk Fund Direct Growth High Risk	0.8%	1.0%	₹6130.95 Cr	10.0%
ICICI Prudential Large & Mid Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹19352.94 Cr	13.6%
ICICI Pru Multicap Fund Direct Growth Very High Risk	1.0%	1.0%	₹13938.09 Cr	10.3%
ICICI Prudential Short Term Fund Direct Growth Moderate Risk	0.5%	0.0%	₹20427.68 Cr	9.7%
ICICI Prudential US Bluechip Equity Fund Direct Growth Very High Risk	1.3%	1.0%	₹3019.13 Cr	-2.0%
ICICI Prudential Corporate Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹29929.41 Cr	9.5%
ICICI Prudential Exports and Services Fund Direct Growth Very High Risk	1.6%	1.0%	₹1330.73 Cr	14.4%
ICICI Prudential Long Term Equity Fund ( Tax Saving) Direct Growth Very High Risk	1.1%	0.0%	₹13632.70 Cr	12.4%
ICICI Prudential Technology Direct Growth Very High Risk	1.1%	1.0%	₹12731.42 Cr	8.1%
ICICI Prudential Income Optimizer Fund (FOF) Direct Growth Moderate Risk	0.9%	0.0%	₹265.33 Cr	12.2%
ICICI Prudential Flexicap Fund Direct Growth Very High Risk	0.8%	1.0%	₹15939.82 Cr	9.5%
ICICI Prudential Equity Savings Fund Direct Growth Moderate Risk	0.5%	0.0%	₹12854.84 Cr	9.0%
ICICI Prudential Retirement Fund Hybrid Aggressive Plan Direct Growth Very High Risk	0.9%	0.0%	₹754.57 Cr	7.9%
ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth Very High Risk	0.8%	0.0%	₹1073.69 Cr	8.2%
ICICI Prudential Retirement Fund Hybrid Conservative Plan Direct Growth Moderately High risk	0.8%	0.0%	₹79.45 Cr	8.4%
ICICI Prudential Retirement Fund Pure Debt Plan Direct Growth Moderate Risk	1.3%	0.0%	₹106.26 Cr	9.7%
ICICI Prudential India Opportunities Fund Direct Growth Very High Risk	0.7%	1.0%	₹25696.42 Cr	14.3%
ICICI Prudential Passive Multi-Asset Fund of Funds Direct Growth High Risk	0.5%	1.0%	₹1124.73 Cr	12.9%
ICICI Prudential Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹10368.32 Cr	9.4%

Risk Level

Your principal amount will be at Very High Risk

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

The NAV of ICICI Prudential Innovation Fund Direct Growth, as of 17-Apr-2025, is ₹17.42.

What is the portfolio composition of ICICI Prudential Innovation Fund Direct Growth?

The fund's allocation of assets is distributed as 93.59% in equities, 0.00% in bonds, and 6.41% 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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Fund Overview

Fund Size

₹6,298 Cr

Expense Ratio

0.78%

ISIN

INF109KC12T2

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

02 May 2023

Risk Level

Your principal amount will be at Very High Risk