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ICICI Prudential Innovation Fund Direct Growth
EquityEquity - OtherVery High Risk
Direct
NAV (19-Nov-24)
₹17.350.23%1D
Returns (Since Inception)
42.24%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹6,323 Cr
Expense Ratio
0.68%
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, 6 months and 20 days, having been launched on 02-May-23.
As of 19-Nov-24, it has a Net Asset Value (NAV) of ₹17.35, Assets Under Management (AUM) of 6322.82 Crores, and an expense ratio of 0.68%.
As of 19-Nov-24, it has a Net Asset Value (NAV) of ₹17.35, Assets Under Management (AUM) of 6322.82 Crores, and an expense ratio of 0.68%.
- ICICI Prudential Innovation Fund Direct Growth has given a CAGR return of 42.24% since inception.
- The fund's asset allocation comprises around 94.12% in equities, 0.00% in debts, and 5.88% 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
+41.17%
— (Cat Avg.)
Since Inception
+42.24%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹5,951.2 Cr | 94.12% |
| Others | ₹371.62 Cr | 5.88% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Treps | Cash - Repurchase Agreement | ₹324.05 Cr | 5.13% |
| Maruti Suzuki India Ltd | Equity | ₹261.51 Cr | 4.14% |
| ICICI Bank Ltd | Equity | ₹244.33 Cr | 3.86% |
| Pidilite Industries Ltd | Equity | ₹238.28 Cr | 3.77% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹216.11 Cr | 3.42% |
| HDFC Life Insurance Co Ltd | Equity | ₹168.46 Cr | 2.66% |
| Larsen & Toubro Ltd | Equity | ₹164.27 Cr | 2.60% |
| Lupin Ltd | Equity | ₹163.46 Cr | 2.59% |
| Microsoft Corp | Equity | ₹161.55 Cr | 2.55% |
| Cummins India Ltd | Equity | ₹159.44 Cr | 2.52% |
| Reliance Industries Ltd | Equity | ₹156.58 Cr | 2.48% |
| Avenue Supermarts Ltd | Equity | ₹156.47 Cr | 2.47% |
| Hero MotoCorp Ltd | Equity | ₹150.58 Cr | 2.38% |
| Bharti Airtel Ltd | Equity | ₹143.67 Cr | 2.27% |
| Godrej Consumer Products Ltd | Equity | ₹140.36 Cr | 2.22% |
| Siemens Ltd | Equity | ₹135.34 Cr | 2.14% |
| Zydus Lifesciences Ltd | Equity | ₹132.67 Cr | 2.10% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹128.27 Cr | 2.03% |
| Havells India Ltd | Equity | ₹122.52 Cr | 1.94% |
| Axis Bank Ltd | Equity | ₹118.85 Cr | 1.88% |
| Hindustan Unilever Ltd | Equity | ₹114.08 Cr | 1.80% |
| Oracle Corp | Equity | ₹107.11 Cr | 1.69% |
| Info Edge (India) Ltd | Equity | ₹107.02 Cr | 1.69% |
| Infosys Ltd | Equity | ₹105.9 Cr | 1.67% |
| Power Grid Corp Of India Ltd | Equity | ₹104.94 Cr | 1.66% |
| GE Vernova T&D India Ltd | Equity | ₹101.44 Cr | 1.60% |
| LTIMindtree Ltd | Equity | ₹101.05 Cr | 1.60% |
| Nestle India Ltd | Equity | ₹93.13 Cr | 1.47% |
| Trent Ltd | Equity | ₹90.39 Cr | 1.43% |
| Bharti Airtel Ltd (Partly Paid Rs.1.25) | Equity | ₹89.22 Cr | 1.41% |
| Syngene International Ltd | Equity | ₹86.42 Cr | 1.37% |
| SRF Ltd | Equity | ₹82.23 Cr | 1.30% |
| Amazon.com Inc | Equity | ₹81.19 Cr | 1.28% |
| NTPC Ltd | Equity | ₹80.04 Cr | 1.27% |
| TVS Motor Co Ltd | Equity | ₹77.77 Cr | 1.23% |
| Aurobindo Pharma Ltd | Equity | ₹77.58 Cr | 1.23% |
| Max Financial Services Ltd | Equity | ₹75.6 Cr | 1.20% |
| AstraZeneca Pharma India Ltd | Equity | ₹70.96 Cr | 1.12% |
| ABB India Ltd | Equity | ₹65.08 Cr | 1.03% |
| Dr Reddy's Laboratories Ltd | Equity | ₹63.39 Cr | 1.00% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹62.3 Cr | 0.99% |
| PI Industries Ltd | Equity | ₹61.18 Cr | 0.97% |
| Netweb Technologies India Ltd | Equity | ₹52.15 Cr | 0.82% |
| Cognizant Technology Solutions Corp Class A | Equity | ₹51.03 Cr | 0.81% |
| Dabur India Ltd | Equity | ₹50.91 Cr | 0.81% |
| Star Health and Allied Insurance Co Ltd | Equity | ₹47.26 Cr | 0.75% |
| Bata India Ltd | Equity | ₹47.18 Cr | 0.75% |
| Torrent Pharmaceuticals Ltd | Equity | ₹47.06 Cr | 0.74% |
| Alphabet Inc Class C | Equity | ₹46.95 Cr | 0.74% |
| EPAM Systems Inc | Equity | ₹45.37 Cr | 0.72% |
| Kalpataru Projects International Ltd | Equity | ₹45.28 Cr | 0.72% |
| Samvardhana Motherson International Ltd | Equity | ₹43.29 Cr | 0.68% |
| Medplus Health Services Ltd | Equity | ₹43.02 Cr | 0.68% |
| Procter & Gamble Hygiene and Health Care Ltd | Equity | ₹40.04 Cr | 0.63% |
| KSB Ltd | Equity | ₹39.61 Cr | 0.63% |
| Techno Electric & Engineering Co Ltd | Equity | ₹38.34 Cr | 0.61% |
| Bajaj Electricals Ltd | Equity | ₹36.47 Cr | 0.58% |
| Accenture PLC Class A | Equity | ₹30.68 Cr | 0.49% |
| 364 DTB 0205202407112024 | Bond - Gov't/Treasury | ₹29.97 Cr | 0.47% |
| HDFC Bank Ltd | Equity | ₹28.13 Cr | 0.44% |
| Net Current Assets | Cash | ₹-27.54 Cr | 0.44% |
| Yatra Online Ltd | Equity | ₹24.28 Cr | 0.38% |
| NHPC Ltd | Equity | ₹23.87 Cr | 0.38% |
| PSP Projects Ltd | Equity | ₹21.97 Cr | 0.35% |
| Premier Energies Ltd | Equity | ₹20.47 Cr | 0.32% |
| 182 DTB 28112024 | Bond - Gov't/Treasury | ₹19.91 Cr | 0.31% |
| Cyient DLM Ltd | Equity | ₹17.94 Cr | 0.28% |
| Bharat Forge Ltd | Equity | ₹17.63 Cr | 0.28% |
| Asian Paints Ltd | Equity | ₹17.31 Cr | 0.27% |
| Ingersoll-Rand (India) Ltd | Equity | ₹13.69 Cr | 0.22% |
| 91 DTB 21112024 | Bond - Gov't/Treasury | ₹9.96 Cr | 0.16% |
| Cash Margin - Derivatives | Cash - Collateral | ₹5.4 Cr | 0.09% |
| 182 DTB 09012025 | Bond - Gov't/Treasury | ₹4.94 Cr | 0.08% |
| 91 Days Tbill | Bond - Gov't/Treasury | ₹4.93 Cr | 0.08% |
| Thyrocare Technologies Ltd | Equity | ₹0.5 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
60.22%
Mid Cap Stocks
16.55%
Small Cap Stocks
8.74%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Industrials | ₹969.29 Cr | 15.33% |
| Healthcare | ₹901.16 Cr | 14.25% |
| Consumer Cyclical | ₹830.3 Cr | 13.13% |
| Technology | ₹821.52 Cr | 12.99% |
| Financial Services | ₹682.63 Cr | 10.80% |
| Consumer Defensive | ₹595 Cr | 9.41% |
| Basic Materials | ₹399.01 Cr | 6.31% |
| Communication Services | ₹386.86 Cr | 6.12% |
| Utilities | ₹208.86 Cr | 3.30% |
| Energy | ₹156.58 Cr | 2.48% |
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 October 2024
ISIN INF109KC12T2 | Expense Ratio 0.68% | Exit Load 1.00% | Fund Size ₹6,323 Cr | Age 1 year 6 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  |
|---|---|---|---|---|
| SBI Equity Minimum Variance Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹219.26 Cr | 16.2% |
| SBI Equity Minimum Variance Fund Regular Growth Very High Risk | 0.7% | 0.0% | ₹219.26 Cr | 15.8% |
| Bandhan Transportation and Logistics Fund Direct Growth Very High Risk | 0.9% | 0.0% | ₹541.38 Cr | 31.6% |
| Bandhan Transportation and Logistics Fund Regular Growth Very High Risk | 2.4% | 0.0% | ₹541.38 Cr | 29.5% |
| ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹2975.33 Cr | 37.4% |
| ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk | 2.0% | 1.0% | ₹2975.33 Cr | 35.8% |
| 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% | - | ₹342.57 Cr | 34.8% |
| DSP Nifty Midcap 150 Quality 50 ETF Very High Risk | 0.3% | - | ₹97.40 Cr | 23.8% |
About the AMC
ICICI Prudential Mutual Fund
Total AUM
₹8,99,267 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 19-Nov-2024, is ₹17.35.
What is the portfolio composition of ICICI Prudential Innovation Fund Direct Growth?
The fund's allocation of assets is distributed as 94.12% in equities, 0.00% in bonds, and 5.88% 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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.