Tata India Innovation Fund Direct Growth

Fund Overview

Fund Size

₹1,621 Cr

Expense Ratio

0.48%

ISIN

INF277KA1CU2

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

28 Nov 2024

About this fund

This fund has been in existence for 4 months and 30 days, having been launched on 28-Nov-24.
As of 25-Apr-25, it has a Net Asset Value (NAV) of ₹9.08, Assets Under Management (AUM) of 1620.54 Crores, and an expense ratio of 0.48%.

Tata India Innovation Fund Direct Growth has given a CAGR return of -9.23% since inception.
The fund's asset allocation comprises around 96.30% in equities, 0.00% in debts, and 3.70% in cash & cash equivalents.
You can start investing in Tata India 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.

Since Inception

-9.23%

— (Cat Avg.)

Portfolio Summaryas of 31st March 2025

Equity	₹1,560.59 Cr	96.30%
Others	₹59.94 Cr	3.70%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Amber Enterprises India Ltd Ordinary Shares	Equity	₹81.19 Cr	5.01%
Axis Bank Ltd	Equity	₹60.17 Cr	3.71%
Cash / Net Current Asset	Cash	₹57.6 Cr	3.55%
PB Fintech Ltd	Equity	₹56.38 Cr	3.48%
ICICI Bank Ltd	Equity	₹56.36 Cr	3.48%
Tech Mahindra Ltd	Equity	₹56.3 Cr	3.47%
Eternal Ltd	Equity	₹56.27 Cr	3.47%
Tata Consultancy Services Ltd	Equity	₹55.9 Cr	3.45%
Bharti Airtel Ltd	Equity	₹54.52 Cr	3.36%
HDFC Bank Ltd	Equity	₹48.08 Cr	2.97%
Infosys Ltd	Equity	₹47.12 Cr	2.91%
Reliance Industries Ltd	Equity	₹46.8 Cr	2.89%
Firstsource Solutions Ltd	Equity	₹44.86 Cr	2.77%
Bajaj Finance Ltd	Equity	₹44.73 Cr	2.76%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹37.5 Cr	2.31%
Hero MotoCorp Ltd	Equity	₹37.23 Cr	2.30%
Larsen & Toubro Ltd	Equity	₹35.45 Cr	2.19%
Info Edge (India) Ltd	Equity	₹35.27 Cr	2.18%
Jubilant Foodworks Ltd	Equity	₹33.37 Cr	2.06%
Kajaria Ceramics Ltd	Equity	₹32.81 Cr	2.02%
Affle India Ltd	Equity	₹32.81 Cr	2.02%
Tata Communications Ltd	Equity	₹31.48 Cr	1.94%
Laurus Labs Ltd	Equity	₹31.34 Cr	1.93%
Dr. Lal PathLabs Ltd	Equity	₹29.75 Cr	1.84%
Suven Pharmaceuticals Ltd	Equity	₹25.9 Cr	1.60%
Delhivery Ltd	Equity	₹25.51 Cr	1.57%
Medplus Health Services Ltd	Equity	₹25.45 Cr	1.57%
Newgen Software Technologies Ltd	Equity	₹24.68 Cr	1.52%
KFin Technologies Ltd	Equity	₹24.34 Cr	1.50%
Ami Organics Ltd	Equity	₹23.8 Cr	1.47%
InterGlobe Aviation Ltd	Equity	₹23 Cr	1.42%
Hindustan Unilever Ltd	Equity	₹22.59 Cr	1.39%
Westlife Foodworld Ltd	Equity	₹22.17 Cr	1.37%
eClerx Services Ltd	Equity	₹21.47 Cr	1.32%
ZF Commercial Vehicle Control Systems India Ltd	Equity	₹20.14 Cr	1.24%
Sonata Software Ltd	Equity	₹19.91 Cr	1.23%
Thermax Ltd	Equity	₹19.19 Cr	1.18%
Zensar Technologies Ltd	Equity	₹19.16 Cr	1.18%
Aurobindo Pharma Ltd	Equity	₹18.57 Cr	1.15%
PCBL Chemical Ltd	Equity	₹17.99 Cr	1.11%
Dr Reddy's Laboratories Ltd	Equity	₹17.16 Cr	1.06%
Craftsman Automation Ltd	Equity	₹17.07 Cr	1.05%
Samvardhana Motherson International Ltd	Equity	₹16.7 Cr	1.03%
Syngene International Ltd	Equity	₹16.5 Cr	1.02%
Neogen Chemicals Ltd	Equity	₹14.45 Cr	0.89%
Indoco Remedies Ltd	Equity	₹12.89 Cr	0.80%
Pricol Ltd	Equity	₹12.16 Cr	0.75%
Carborundum Universal Ltd	Equity	₹11.71 Cr	0.72%
Orchid Pharma Ltd	Equity	₹11.18 Cr	0.69%
Piramal Pharma Ltd	Equity	₹8.99 Cr	0.55%
Wockhardt Ltd	Equity	₹8.45 Cr	0.52%
Unimech Aerospace And Manufacturing Ltd	Equity	₹6.16 Cr	0.38%
Quick Heal Technologies Ltd	Equity	₹5.38 Cr	0.33%
A) Repo	Cash - Repurchase Agreement	₹2.35 Cr	0.14%
Laxmi Dental Ltd	Equity	₹2.24 Cr	0.14%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Technology	₹319.12 Cr	19.69%
Financial Services	₹303.22 Cr	18.71%
Consumer Cyclical	₹296.3 Cr	18.28%
Healthcare	₹208.42 Cr	12.86%
Communication Services	₹154.08 Cr	9.51%
Industrials	₹153.83 Cr	9.49%
Basic Materials	₹56.24 Cr	3.47%
Energy	₹46.8 Cr	2.89%
Consumer Defensive	₹22.59 Cr	1.39%

Risk & Performance Ratios

Fund Managers

Meeta Shetty

Since November 2024

Hasmukh Vishariya

Since March 2025

Additional Scheme Detailsas of 31st March 2025

ISIN

INF277KA1CU2

Expense Ratio

0.48%

Exit Load

1.00%

Fund Size

₹1,621 Cr

Age

4 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 TRI

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	0.2%	-	₹14.61 Cr	-
Mirae Asset BSE Select IPO ETF Fund of Fund Regular Growth Very High Risk	0.9%	0.0%	₹7.72 Cr	-
Mirae Asset BSE Select IPO ETF Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹7.72 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	-
Groww Nifty 200 ETF FoF Direct Growth Very High Risk	0.1%	1.0%	₹7.43 Cr	-
Groww Nifty 200 ETF FoF Regular Growth Very High Risk	0.7%	1.0%	₹7.43 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	-
Motilal Oswal Innovation Opportunities Fund Direct Growth Very High Risk	1.3%	1.0%	₹142.40 Cr	-
Motilal Oswal Innovation Opportunities Fund Regular Growth Very High Risk	2.5%	1.0%	₹142.40 Cr	-
Groww Nifty India Railways PSU ETF Very High Risk	0.5%	-	₹29.11 Cr	-
ICICI Prudential Rural Opportunities Fund Regular Growth Moderate Risk	2.2%	1.0%	₹1282.22 Cr	-
ICICI Prudential Rural Opportunities Fund Direct Growth Moderate Risk	0.8%	1.0%	₹1282.22 Cr	-
WhiteOak Capital Quality Equity Fund Direct Growth Very High Risk	0.6%	1.0%	₹303.62 Cr	-
WhiteOak Capital Quality Equity Fund Regular Growth Very High Risk	2.4%	1.0%	₹303.62 Cr	-
UTI Quant Fund Regular Growth Very High Risk	2.0%	1.0%	₹1461.56 Cr	-
UTI Quant Fund Direct Growth Very High Risk	0.3%	1.0%	₹1461.56 Cr	-
ICICI Prudential Nifty Auto ETF Very High Risk	0.2%	-	₹113.74 Cr	-0.2%
ICICI Prudential Nifty 200 Quality 30 ETF Very High Risk	0.3%	-	₹115.96 Cr	6.3%
ICICI Prudential Nifty Alpha Low Volatility 30 ETF Very High Risk	0.4%	-	₹1672.86 Cr	-1.1%
Mirae Asset Nifty India New Age Consumption ETF Very High Risk	0.3%	-	₹25.71 Cr	-
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Regular Growth Very High Risk	0.9%	0.0%	₹11.97 Cr	-
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹11.97 Cr	-
Edelweiss BSE Capital Markets & Insurance ETF Very High Risk	0.2%	-	₹11.79 Cr	-
Aditya Birla Sun Life Conglomerate Fund Regular Growth Very High Risk	2.1%	0.0%	₹1459.18 Cr	-
Aditya Birla Sun Life Conglomerate Fund Direct Growth Very High Risk	0.5%	0.0%	₹1459.18 Cr	-
SBI Quant Fund Regular Growth Very High Risk	1.9%	0.0%	₹3602.67 Cr	-
SBI Quant Fund Direct Growth Very High Risk	0.7%	0.0%	₹3602.67 Cr	-
Quantum Ethical Fund Direct Growth Very High Risk	0.7%	1.0%	₹46.50 Cr	-
Quantum Ethical Fund Regular Growth Very High Risk	2.1%	1.0%	₹46.50 Cr	-
Union Active Momentum Fund Direct Growth Very High Risk	1.3%	1.0%	₹403.72 Cr	-
Union Active Momentum Fund Regular Growth Very High Risk	2.5%	1.0%	₹403.72 Cr	-
DSP Business Cycle Fund Direct Growth Very High Risk	0.7%	0.0%	₹976.66 Cr	-
DSP Business Cycle Fund Regular Growth Very High Risk	2.2%	0.0%	₹976.66 Cr	-
Axis Momentum Fund Regular Growth Very High Risk	2.1%	1.0%	₹1234.20 Cr	-
Axis Momentum Fund Direct Growth Very High Risk	0.5%	1.0%	₹1234.20 Cr	-
Kotak Transportation & Logistics Fund Direct Growth Very High Risk	0.8%	0.0%	₹359.76 Cr	-
Kotak Transportation & Logistics Fund Regular Growth Very High Risk	2.4%	0.0%	₹359.76 Cr	-
ICICI Prudential Equity Minimum Variance Fund Regular Growth Very High Risk	1.9%	1.0%	₹3476.10 Cr	-
ICICI Prudential Equity Minimum Variance Fund Direct Growth Very High Risk	0.5%	1.0%	₹3476.10 Cr	-
Shriram Multi Sector Rotation Fund Regular Growth Very High Risk	2.3%	1.0%	₹190.35 Cr	-
Shriram Multi Sector Rotation Fund Direct Growth Very High Risk	0.4%	1.0%	₹190.35 Cr	-
Tata India Innovation Fund Direct Growth Very High Risk	0.5%	1.0%	₹1620.54 Cr	-
Tata India Innovation Fund Regular Growth Very High Risk	2.0%	1.0%	₹1620.54 Cr	-

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of Tata India Innovation Fund Direct Growth?

The NAV of Tata India Innovation Fund Direct Growth, as of 25-Apr-2025, is ₹9.08.

What is the portfolio composition of Tata India Innovation Fund Direct Growth?

The fund's allocation of assets is distributed as 96.30% in equities, 0.00% in bonds, and 3.70% in cash and cash equivalents.

Who manages the Tata India Innovation Fund Direct Growth?

The fund managers responsible for Tata India Innovation Fund Direct Growth are:-

Meeta Shetty
Hasmukh Vishariya

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

₹1,621 Cr

Expense Ratio

0.48%

ISIN

INF277KA1CU2

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

28 Nov 2024

Risk Level

Your principal amount will be at Very High Risk