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ICICI Prudential Innovation Fund Direct Growth
EquityEquity - OtherVery High Risk
Direct
NAV (20-Dec-24)
₹17.62-1.29%1D
Returns (Since Inception)
40.99%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹6,408 Cr
Expense Ratio
0.67%
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, 7 months and 20 days, having been launched on 02-May-23.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹17.62, Assets Under Management (AUM) of 6408.11 Crores, and an expense ratio of 0.67%.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹17.62, Assets Under Management (AUM) of 6408.11 Crores, and an expense ratio of 0.67%.
- ICICI Prudential Innovation Fund Direct Growth has given a CAGR return of 40.99% since inception.
- The fund's asset allocation comprises around 95.70% in equities, 0.00% in debts, and 4.30% 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
+34.20%
— (Cat Avg.)
Since Inception
+40.99%
— (Cat Avg.)
Portfolio Summaryas of 30th November 2024
| Equity | ₹6,132.65 Cr | 95.70% |
| Others | ₹275.46 Cr | 4.30% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹331.82 Cr | 5.18% |
| Maruti Suzuki India Ltd | Equity | ₹261.46 Cr | 4.08% |
| Treps | Cash - Repurchase Agreement | ₹257.06 Cr | 4.01% |
| Pidilite Industries Ltd | Equity | ₹240.07 Cr | 3.75% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹208.16 Cr | 3.25% |
| Lupin Ltd | Equity | ₹168.27 Cr | 2.63% |
| Cummins India Ltd | Equity | ₹168.13 Cr | 2.62% |
| Godrej Consumer Products Ltd | Equity | ₹157.17 Cr | 2.45% |
| Siemens Ltd | Equity | ₹155.75 Cr | 2.43% |
| HDFC Life Insurance Co Ltd | Equity | ₹153.86 Cr | 2.40% |
| Reliance Industries Ltd | Equity | ₹151.9 Cr | 2.37% |
| Avenue Supermarts Ltd | Equity | ₹147.67 Cr | 2.30% |
| Bharti Airtel Ltd | Equity | ₹144.96 Cr | 2.26% |
| Hero MotoCorp Ltd | Equity | ₹143.71 Cr | 2.24% |
| Havells India Ltd | Equity | ₹141.55 Cr | 2.21% |
| Larsen & Toubro Ltd | Equity | ₹135.4 Cr | 2.11% |
| Hindustan Unilever Ltd | Equity | ₹129.29 Cr | 2.02% |
| Bharti Airtel Ltd (Partly Paid Rs.1.25) | Equity | ₹128.37 Cr | 2.00% |
| Zydus Lifesciences Ltd | Equity | ₹127.99 Cr | 2.00% |
| Microsoft Corp | Equity | ₹124.42 Cr | 1.94% |
| Power Grid Corp Of India Ltd | Equity | ₹124.23 Cr | 1.94% |
| Info Edge (India) Ltd | Equity | ₹118.73 Cr | 1.85% |
| Axis Bank Ltd | Equity | ₹116.47 Cr | 1.82% |
| Infosys Ltd | Equity | ₹111.96 Cr | 1.75% |
| LTIMindtree Ltd | Equity | ₹109.22 Cr | 1.70% |
| ABB India Ltd | Equity | ₹101.65 Cr | 1.59% |
| Syngene International Ltd | Equity | ₹94.51 Cr | 1.47% |
| NTPC Ltd | Equity | ₹93.13 Cr | 1.45% |
| Nestle India Ltd | Equity | ₹91.97 Cr | 1.44% |
| Sagility India | Equity | ₹91.93 Cr | 1.43% |
| Aurobindo Pharma Ltd | Equity | ₹91.59 Cr | 1.43% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹89.43 Cr | 1.40% |
| Oracle Corp | Equity | ₹87.29 Cr | 1.36% |
| SRF Ltd | Equity | ₹83.03 Cr | 1.30% |
| Trent Ltd | Equity | ₹82.77 Cr | 1.29% |
| TVS Motor Co Ltd | Equity | ₹75.92 Cr | 1.18% |
| GE Vernova T&D India Ltd | Equity | ₹67.81 Cr | 1.06% |
| Max Financial Services Ltd | Equity | ₹66.81 Cr | 1.04% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹65.68 Cr | 1.02% |
| HDFC Bank Ltd | Equity | ₹65.03 Cr | 1.01% |
| Dabur India Ltd | Equity | ₹61.2 Cr | 0.96% |
| AstraZeneca Pharma India Ltd | Equity | ₹61.09 Cr | 0.95% |
| Dr Reddy's Laboratories Ltd | Equity | ₹59.81 Cr | 0.93% |
| KEI Industries Ltd | Equity | ₹59.02 Cr | 0.92% |
| EPAM Systems Inc | Equity | ₹58.95 Cr | 0.92% |
| Acme Solar Hldg | Equity | ₹56.76 Cr | 0.89% |
| Amazon.com Inc | Equity | ₹55.86 Cr | 0.87% |
| PI Industries Ltd | Equity | ₹55.42 Cr | 0.86% |
| Cognizant Technology Solutions Corp Class A | Equity | ₹55.33 Cr | 0.86% |
| Bata India Ltd | Equity | ₹52.02 Cr | 0.81% |
| Torrent Pharmaceuticals Ltd | Equity | ₹48.84 Cr | 0.76% |
| Netweb Technologies India Ltd | Equity | ₹47.71 Cr | 0.74% |
| Star Health and Allied Insurance Co Ltd | Equity | ₹44.05 Cr | 0.69% |
| Techno Electric & Engineering Co Ltd | Equity | ₹41.84 Cr | 0.65% |
| Net Current Assets | Cash | ₹-41.44 Cr | 0.65% |
| KSB Ltd | Equity | ₹41.17 Cr | 0.64% |
| Kalpataru Projects International Ltd | Equity | ₹40.51 Cr | 0.63% |
| Samvardhana Motherson International Ltd | Equity | ₹38.87 Cr | 0.61% |
| NHPC Ltd | Equity | ₹33.62 Cr | 0.52% |
| Accenture PLC Class A | Equity | ₹32.4 Cr | 0.51% |
| Bajaj Electricals Ltd | Equity | ₹32.12 Cr | 0.50% |
| PSP Projects Ltd | Equity | ₹24.5 Cr | 0.38% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹24.49 Cr | 0.38% |
| Yatra Online Ltd | Equity | ₹21.82 Cr | 0.34% |
| 182 DTB 06022025 | Bond - Gov't/Treasury | ₹19.77 Cr | 0.31% |
| Cyient DLM Ltd | Equity | ₹19.47 Cr | 0.30% |
| Bharat Forge Ltd | Equity | ₹16.65 Cr | 0.26% |
| 364 Day T-Bill 30.01.25 | Bond - Gov't/Treasury | ₹14.84 Cr | 0.23% |
| Cash Margin - Derivatives | Cash - Collateral | ₹5.4 Cr | 0.08% |
| 182 DTB 09012025 | Bond - Gov't/Treasury | ₹4.97 Cr | 0.08% |
| 91 Days Tbill | Bond - Gov't/Treasury | ₹4.96 Cr | 0.08% |
| 182 DTB 17012025 | Bond - Gov't/Treasury | ₹4.96 Cr | 0.08% |
| 364 DTB 02052024 | Bond - Gov't/Treasury | ₹4.95 Cr | 0.08% |
Allocation By Market Cap (Equity)
Large Cap Stocks
63.04%
Mid Cap Stocks
16.86%
Small Cap Stocks
7.02%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Industrials | ₹1,043 Cr | 16.28% |
| Healthcare | ₹884.76 Cr | 13.81% |
| Consumer Cyclical | ₹781.2 Cr | 12.19% |
| Financial Services | ₹778.05 Cr | 12.14% |
| Technology | ₹736.19 Cr | 11.49% |
| Consumer Defensive | ₹587.3 Cr | 9.16% |
| Communication Services | ₹392.06 Cr | 6.12% |
| Basic Materials | ₹378.52 Cr | 5.91% |
| Utilities | ₹250.98 Cr | 3.92% |
| Energy | ₹151.9 Cr | 2.37% |
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 30th November 2024
ISIN INF109KC12T2 | Expense Ratio 0.67% | Exit Load 1.00% | Fund Size ₹6,408 Cr | Age 1 year 7 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% | ₹216.72 Cr | 11.6% |
| SBI Equity Minimum Variance Fund Regular Growth Very High Risk | 0.7% | 0.0% | ₹216.72 Cr | 11.3% |
| Bandhan Transportation and Logistics Fund Direct Growth Very High Risk | 0.9% | 0.0% | ₹543.31 Cr | 27.4% |
| Bandhan Transportation and Logistics Fund Regular Growth Very High Risk | 2.4% | 0.0% | ₹543.31 Cr | 25.4% |
| ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹3115.35 Cr | 32.1% |
| ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3115.35 Cr | 30.6% |
| 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% | - | ₹400.36 Cr | 25.7% |
| DSP Nifty Midcap 150 Quality 50 ETF Very High Risk | 0.3% | - | ₹97.73 Cr | 23.7% |
About the AMC
ICICI Prudential Mutual Fund
Total AUM
₹8,87,010 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 20-Dec-2024, is ₹17.62.
What is the portfolio composition of ICICI Prudential Innovation Fund Direct Growth?
The fund's allocation of assets is distributed as 95.70% in equities, 0.00% in bonds, and 4.30% 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.