ICICI Prudential Innovation Fund Direct Growth NAV today
AMFI: 151580ISIN: INF109KC12T2MUTF_IN: ICIC_PRU_INNO_1VYYU9VICICI Prudential Mutual FundSectoral / Thematic funds
NAV ₹19.1500up ₹0.26 (1.38%)
NAV for 27 Oct 2026, against 26 Oct 2026. Declared once a day.
Other plans: Direct IDCW ₹16.2100 · Regular Growth ₹18.4100, 1.38% · Regular IDCW ₹15.5100
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹7,549 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 1.24%22 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot pull the fund's P/E down. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted. P/E in the glossary
- 34.630 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 8230 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 28 Apr 2023
ICICI Prudential Innovation Fund returns
Direct Growth plan
Over each window to 27 Oct 2026
| Over | Direct GrowthTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out | Regular Growth | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. Rank in category in the glossary | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. Category median in the glossary | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. Middle half of the category in the glossary |
|---|---|---|---|---|---|---|
| 1 week | −0.57% | −0.59% | −1.38% | – | – | – |
| 1 month | −3.91% | −3.96% | −3.81% | 72 of 254 | −5.09% | −6.1% to −3.8% |
| 3 months | −3.91% | −4.11% | −5.95% | 89 of 250 | −5.24% | −7.1% to −2.5% |
| 6 months | +1.22% | +0.71% | −4.14% | 92 of 250 | −1.83% | −5.2% to +4.8% |
| 1 year | −3.38% | −4.36% | −8.03% | 108 of 229 | −3.87% | −8.7% to +2.9% |
| 3 years | +18.17% | +16.86% | +10.06% | 34 of 141 | +13.05% | +9.0% to +17.8% |
| 5 years | Needs 5 years | – | – | – | +10.66% | +8.0% to +14.9% |
| 10 years | Needs 10 years | – | – | – | +14.11% | +11.9% to +15.7% |
₹10,000 put in on 2 May 2023 is ₹19,074 at the NAV of 27 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossaryOver a year and longer, a return is the yearly rate. Benchmark: Nifty 500 TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of Sectoral / Thematic funds, each fund's return to its latest NAV on or before 27 Oct 2026.
At the month end, 30 Sep 2026
| Over | Fund | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. Benchmark return in the glossary |
|---|---|---|
| 1 year | +2.81% | −2.03% |
| 3 years | +17.72% | +9.50% |
| Since launch | +21.33% | +12.60% |
Benchmark: Nifty 500 TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty 500 TRI
Highest year to Dec 2024, +30.1%; lowest year to Dec 2025, +12.0%
ICICI Prudential Innovation Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 27 Oct 2026SIP calculator
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. Amount invested in the glossary | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. Value today in the glossary | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. SIP return (XIRR) in the glossary | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. SIP return after stamp duty in the glossary | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. Stamp duty paid in the glossary |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,19,070₹1,19,064 after stamp duty | −1.47% | −1.48% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,97,179₹3,97,159 after stamp duty | +6.54% | +6.53% | ₹18 | |
| Since May 202341 instalments | ₹4,10,000 | ₹4,82,269₹4,82,245 after stamp duty | +9.54% | +9.54% | ₹21 |
5 years: Launched 28 Apr 2023, needs 5 years of history.
A SIP that rises every year: Step-up SIP calculator
Rolling returns
Per cent a year, every window from 2 May 2023 to 27 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The lowest yearly return of any window of this length in the fund's history, one window starting on each day it priced. Lowest rolling return in the glossaryAverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history. Average rolling return in the glossaryHighestHighest rolling return. The highest yearly return of any window of this length in the fund's history. Highest rolling return in the glossaryEnded higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started. Windows that ended higher in the glossary
1 year615 windows−5.5%+20.8%+64.6%97.9%
3 yearsLaunched 28 Apr 2023, needs 4 years of history
ICICI Prudential Innovation Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio. Direct and regular plan cost gap in the glossary
- 0.94 ptsA year, on 22 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies. Expense ratio, 30-day average in the glossary
- 1.24%Over the last 30 days filed
- Regular, 30-day average
- 2.18%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.77%, Apr 2026.Direct plan lowest 0.63%, Sep 2024.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 0.71% | 1.54% |
| Brokerage | 0.10% | 0.10% |
| Transaction costs | 0.01% | 0.01% |
| Statutory levies | 0.42% | 0.53% |
Per cent of assets a year, filed for 22 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
• 1% of applicable Net Asset Value - If the amount sought to be redeemed or switched out within one month from allotment. • Nil - If the amount sought to be redeemed or switched out more than one month from allotment.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹1
- SIP
- Accepted
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
As listed for this plan on 28 Oct 2026.
How ICICI Prudential Innovation Fund is taxed
Taxed as an equity fund where it keeps 65% or more in shares of listed Indian companies: gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year, and gains on units held 12 months or less at 20%. Otherwise, gains on units held over 24 months are taxed at 12.5%, and gains on units held 24 months or less at the income tax slab rate.
IDCW payouts are added to the holder's income and taxed at the income tax slab rate. The fund deducts 10% tax at source for a resident when its payouts to them in a year counted from April to March are above ₹10,000.
Rules in force from 1 Apr 2025, checked 27 Oct 2026. Surcharge and cess are not included.
ICICI Prudential Innovation Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹7,836 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors. Share of assets in the direct plans in the glossary
- 27.9%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Jun 2023.
Assets at each month end
Highest ₹8,012 Cr, Aug 2026.Lowest ₹5,191 Cr, May 2024.
ICICI Prudential Innovation Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. Large, mid and small cap in the glossary | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | ||||
|---|---|---|---|---|---|---|
| ICICI BankBanks | Shares | Large cap5th | 4.73% | 357.19 | 27,02,499 | May 2023 |
| EternalRetailing | Shares | Large cap37th | 3.97% | 300.05 | 93,76,478 | Mar 2025 |
| Axis BankBanks | Shares | Large cap15th | 2.88% | 217.61 | 17,74,951 | Sep 2024 |
| Bharti HexacomTelecom - Services | Shares | Mid cap136th | 2.72% | 205.63 | 14,43,535 | Mar 2026 |
| Cummins IndiaIndustrial Products | Shares | Large cap72nd | 2.38% | 179.83 | 3,77,787 | May 2026 |
| SagilityIt - Services | Shares | Small cap342nd | 2.29% | 172.50 | 4,05,13,137 | Nov 2024 |
| Maruti Suzuki IndiaAutomobiles | Shares | Large cap12th | 2.25% | 169.82 | 1,41,908 | Apr 2023or earlier |
| SwiggyRetailing | Shares | Mid cap133rd | 2.25% | 169.68 | 67,84,555 | Dec 2025 |
| Capillary Technologies IndiaIt - Software | Shares | Small cap830th | 2.18% | 164.69 | 29,38,611 | Nov 2025 |
| TVS Motor CompanyAutomobiles | Shares | Large cap49th | 2.11% | 159.55 | 3,88,572 | May 2023 |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | Shares | Mid cap104th | 2.11% | 159.24 | 12,91,451 | Jul 2025 |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | Shares | Large cap50th | 1.92% | 145.12 | 1,56,185 | Aug 2025 |
| Vijaya Diagnostic CentreHealthcare Services | Shares | Small cap523rd | 1.88% | 141.94 | 9,87,292 | Jun 2025 |
| 360 ONE WAMCapital Markets | Shares | Mid cap211th | 1.84% | 138.60 | 13,45,661 | May 2025 |
| Multi Commodity Exchange of IndiaCapital Markets | Shares | Mid cap157th | 1.83% | 138.32 | 4,19,114 | Apr 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore. 1 line filed with no weight is listed without one.
Futures and options on 30 Sep 2026
| Hyundai Motor India Ltd. $$ | 0.74% | 55.77 | 2,75,000 |
| Apollo Hospitals Enterprise Ltd. $$ | 0.20% | 15.24 | 18,750 |
Weight is per cent of the fund's net assets; value in ₹ crore. 1 line filed with no weight is listed without one.
Cash and receivables on 30 Sep 2026
| TREPS | 2.58% | 194.52 |
| Cash Margin - Derivatives | 1.42% | 107.19 |
| Net Current Assets | 0.54% | 41.05 |
Weight is per cent of the fund's net assets; value in ₹ crore. 1 line filed with no weight is listed without one.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions. Largest holding in the glossary
- 4.73%ICICI Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 16.69%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 27.77%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights. Effective number of holdings in the glossary
- 55.4Taken over 95.46% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Indian shares94.80%
- Bonds and bills0.66%
- Cash and receivables4.54%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds. Futures and options, net in the glossary0.94%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces. Futures and options, gross in the glossary0.94%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap36.27%Category 49.50%
- Mid cap29.66%Category 21.62%
- Small cap33.56%Category 26.68%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 0.48% of the fund. Category is the average of 249 Sectoral / Thematic funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets. Sector weight in the glossary14sectors
- Financial Services16.86%Category 21.68%
- Healthcare16.47%Category 12.70%
- Consumer Services13.78%Category 5.61%
- Information Technology11.88%Category 5.12%
- Capital Goods11.85%Category 9.90%
- Automobile And Auto Components10.24%Category 9.16%
- Telecommunication4.25%Category 2.99%
- Consumer Durables3.25%Category 3.48%
- Oil Gas & Consumable Fuels1.89%Category 3.38%
- Power1.50%Category 2.77%
- Services1.32%Category 2.61%
- Construction1.22%Category 1.69%
- Fast Moving Consumer Goods0.68%Category 4.73%
- Chemicals0.55%Category 1.97%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 254 Sectoral / Thematic funds. Category average. The sector's weight, less the futures sold on it, averaged over the 254 Sectoral / Thematic funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services9 companies | 16.86% | 16.39% | 16.77% | 16.87% | 15.90% | 15.26% | 15.78% | 15.83% | 15.40% | 16.38% | 17.81% | 18.64% | |
| Healthcare16 companies | 16.47% | 16.23% | 13.76% | 15.78% | 16.27% | 18.24% | 15.43% | 16.03% | 16.36% | 13.53% | 15.11% | 14.25% | |
| Consumer Services9 companies | 13.78% | 14.21% | 11.91% | 11.36% | 10.08% | 10.51% | 9.83% | 10.29% | 11.23% | 10.81% | 8.40% | 6.39% | |
| Information Technology10 companies | 11.88% | 13.12% | 13.51% | 13.38% | 12.77% | 11.67% | 12.02% | 11.63% | 10.27% | 11.26% | 11.92% | 12.44% | |
| Capital Goods15 companies | 11.85% | 9.67% | 10.21% | 10.18% | 10.98% | 9.73% | 11.61% | 12.16% | 10.80% | 11.37% | 10.69% | 9.26% | |
| Automobile And Auto Components8 companies | 10.24% | 11.44% | 13.55% | 13.06% | 12.51% | 12.40% | 11.73% | 11.98% | 11.70% | 10.62% | 10.10% | 12.16% | |
| Telecommunication2 companies | 4.25% | 4.27% | 4.41% | 4.14% | 3.85% | 4.03% | 3.42% | 2.01% | 2.51% | 4.44% | 4.66% | 4.64% | |
| Consumer Durables3 companies | 3.25% | 3.08% | 3.44% | 3.35% | 3.95% | 3.41% | 3.79% | 4.59% | 4.20% | 4.19% | 2.07% | 2.57% | |
| Oil Gas & Consumable Fuels2 companies | 1.89% | 1.89% | 1.89% | 1.88% | 2.67% | 3.94% | 3.12% | 1.38% | 1.79% | 1.37% | 2.79% | 2.88% | |
| Power2 companies | 1.50% | 0.82% | 1.68% | 1.07% | 2.21% | 2.75% | 2.74% | 2.57% | 2.36% | 2.29% | 2.28% | 2.26% | |
| Services2 companies | 1.32% | 2.07% | 2.51% | 2.54% | 2.49% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Construction1 company | 1.22% | 1.24% | 1.23% | 1.33% | 1.34% | 1.62% | 1.52% | 1.66% | 1.50% | 1.57% | 1.57% | 1.57% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 104.77% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 52.42% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same. Matured in the glossary
- 1
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 11
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 20
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 43
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 2.42%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 10.00%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| Maruti Suzuki India | Trimmed | 2.25% | 3.64% | −1.39 pts | −73,114 |
| Bharat Electronics | New | 0.86% | 0.00% | +0.86 pts | +16,75,800 |
| MphasiS | Trimmed | 0.96% | 1.62% | −0.66 pts | −2,00,000 |
| Torrent Power | New | 0.64% | 0.00% | +0.64 pts | +3,90,000 |
| Aditya Vision | Sold out | – | 0.64% | −0.64 pts | −8,56,612 |
| Bandhan Bank | New | 0.61% | 0.00% | +0.61 pts | +26,00,000 |
| Container Corporation of India | Trimmed | – | 0.61% | −0.61 pts | −9,45,603 |
| Godrej Consumer Products | Trimmed | 0.68% | 1.24% | −0.56 pts | −5,00,000 |
| Syngene International | New | 0.54% | 0.00% | +0.54 pts | +11,06,200 |
| EPL | New | 0.52% | 0.00% | +0.52 pts | +16,65,714 |
| Sagility | Trimmed | 2.29% | 2.80% | −0.52 pts | −72,00,000 |
| Max Financial Services | Added | 1.67% | 1.17% | +0.50 pts | +3,20,000 |
| Brainbees Solutions | Added | 0.84% | 0.38% | +0.46 pts | +18,47,354 |
| Capillary Technologies India | Added | 2.18% | 1.75% | +0.43 pts | +93,683 |
| Info Edge (India) | Trimmed | 1.20% | 1.63% | −0.43 pts | −2,50,000 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 4 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 ICICI Bank | 4.96%Added | 5.06% | 4.88% | 4.88% | 5.04% | 4.86% | 4.74% | 4.61% | 4.95% | 5.01% | 4.97% | 4.73%Cut |
 Eternal | 1.15% | 1.50%Added | 2.02%Added | 2.33%Added | 2.13% | 2.38%Added | 2.56%Added | 2.54% | 2.63% | 3.62%Added | 3.84% | 3.97% |
 Axis Bank | 3.01%Cut | 3.09% | 3.05% | 2.94%Cut | 3.01% | 3.03%Added | 3.09% | 3.06% | 3.14% | 2.78% | 2.88% | 2.88% |
 Bharti Hexacom | – | – | – | – | – | 0.93%Bought | 1.90%Added | 1.83% | 2.54%Added | 2.76%Added | 2.78%Added | 2.72% |
 Cummins India | 1.52%Cut | 0.96%Cut | Sold out | – | – | – | – | 1.26%Bought again | 1.58%Added | 1.79%Added | 2.24%Added | 2.38%Added |
 Sagility | 2.14%Cut | 1.73%Cut | 2.12%Added | 2.38%Added | 2.02%Added | 2.25% | 2.19% | 2.36%Added | 2.51%Added | 2.64%Cut | 2.80% | 2.29%Cut |
 Maruti Suzuki India | 2.58%Cut | 3.14%Added | 3.29% | 2.86%Added | 4.19%Added | 4.46%Added | 4.51%Added | 4.61%Added | 5.20%Added | 5.45%Added | 3.64%Cut | 2.25%Cut |
 Swiggy | – | – | 2.02%Bought | 2.34%Added | 2.31% | 2.19% | 2.13% | 1.99% | 1.80% | 2.08% | 2.52%Added | 2.25%Cut |
 Capillary Technologies India | – | 0.61%Bought | 0.83%Added | 0.78%Added | 0.83%Added | 0.85% | 0.93%Added | 1.09%Added | 1.65%Added | 1.73%Added | 1.75%Added | 2.18%Added |
 Dr. Reddy's Laboratories | 1.23%Added | 1.28% | 1.02%Cut | 0.97% | 1.04% | 1.46%Added | 1.44% | 2.26%Added | 2.30% | 1.89% | 1.86% | 2.11% |
 TVS Motor Company | 2.23%Cut | 2.22% | 2.33% | 1.92%Cut | 2.05% | 2.04%Added | 2.47%Added | 2.63%Added | 2.65% | 2.52%Cut | 2.11%Cut | 2.11% |
 Divi's Laboratories | 1.62% | 1.54% | 1.51% | 1.42% | 1.53% | 1.56% | 1.59% | 1.40%Cut | 1.35% | 1.60% | 1.85% | 1.92% |
 Vijaya Diagnostic Centre | 1.09%Added | 1.09% | 1.31%Added | 1.40%Added | 1.65%Added | 1.72%Added | 2.10% | 1.86%Cut | 1.88% | 1.81%Cut | 1.87%Cut | 1.88% |
 360 ONE WAM | 2.06%Cut | 2.44%Added | 3.08%Added | 2.32%Cut | 2.58%Added | 2.97%Added | 2.53%Cut | 2.65% | 2.52% | 2.58% | 1.97%Cut | 1.84% |
 Multi Commodity Exchange of India | – | – | – | – | – | – | 0.85%Bought | 1.19%Added | 1.12% | 1.44%Added | 1.78% | 1.83% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it. Portfolio turnover in the glossary
Highest 214.0% in Apr 2026
Risk ratios
NAV to 27 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Sectoral / Thematic funds (130 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves. Standard deviation in the glossary15.55%
12.76%Lowest17.49%Average of 138 funds31.25%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure. Downside deviation in the glossary9.51%
5.67%Lowest10.73%Average of 138 funds16.26%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV. Sharpe ratio in the glossary0.76
−0.56Lowest0.47Average of 138 funds1.19Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down. Sortino ratio in the glossary1.14
−0.68Lowest0.75Average of 138 funds2.32Highest
Against Nifty 500 TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less. Beta in the glossary0.95
0.63Lowest0.93Average1.21Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for. Alpha in the glossary+8.42 pts
−6.37 ptsLowest+1.93 ptsAverage of 93 funds+12.46 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100. R-squared in the glossary92.4
42.9Lowest87.3Average98.2Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together). Correlation in the glossary0.96
0.66Lowest0.93Average0.99Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months. Upside capture in the glossary115.2%
65.5%Lowest99.0%Average134.6%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months. Downside capture in the glossary78.8%
45.6%Lowest87.9%Average118.1%Highest
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house. Information ratio in the glossaryTo 30 Sep 20261.46
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. Largest fall in the glossary | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. Back at the high in the glossary |
|---|---|---|---|---|
| 1 year | −15.48% | 7 Jan 2026 | 30 Mar 2026 | 29 Jul 2026 |
| 3 years and since May 2023 | −16.51% | 27 Sep 2024 | 28 Feb 2025 | 20 Aug 2025 |
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Apr 2024 to Aug 202629 months | Very High | Very HighNifty 500 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
ICICI Prudential Innovation Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Vaibhav DusadComanage | Apr 2023 | +19.87%a year | +11.52% | +8.35 pts | 78.8% | – | 4 | ₹1,13,574 Cr₹37,222 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| ICICI Prudential Large Cap FundVaibhav Dusad | Jan 2021 | +12.92%a year | +10.22% | +2.71 pts | ₹76,352 Cr |
| ICICI Prudential Focused FundVaibhav Dusad | Aug 2022 | +15.88%a year | – | – | ₹17,168 Cr |
| ICICI Prudential Technology FundVaibhav Dusad | May 2020 | +23.47%a year | – | – | ₹12,505 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. Portfolio overlap in the glossary | Shared holdings. The number of securities both funds hold, cash and futures left out. Shared holdings in the glossary | |
|---|---|---|
| Kotak Business Cycle FundKotak Mahindra Mutual Fund | 30.05% | 19 |
| Mahindra Manulife Innovation Opportunities FundMahindra Manulife Mutual Fund | 28.36% | 20 |
| Nippon India Innovation FundNippon India Mutual Fund | 26.35% | 19 |
| Kotak Pioneer FundKotak Mahindra Mutual Fund | 26.19% | 20 |
| ICICI Prudential Quality FundICICI Prudential Mutual Fund | 25.57% | 24 |
| ICICI Prudential Technology FundICICI Prudential Mutual Fund | 25.33% | 23 |
| Baroda BNP Paribas ESG Best-in-Class Strategy FundBaroda BNP Paribas Mutual Fund | 24.80% | 14 |
| Bandhan Innovation FundBandhan Mutual Fund | 24.35% | 24 |
| JioBlackRock Sector Rotation FundJio BlackRock Mutual Fund | 24.24% | 51 |
| Invesco India ESG Integration Strategy FundInvesco Mutual Fund | 24.09% | 13 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| ICICI Prudential Flexi Cap FundICICI Prudential Mutual Fund | 27.12% |
| ICICI Prudential Focused FundICICI Prudential Mutual Fund | 26.72% |
| ICICI Prudential Quality FundICICI Prudential Mutual Fund | 25.57% |
| ICICI Prudential Technology FundICICI Prudential Mutual Fund | 25.32% |
| ICICI Prudential Large Cap FundICICI Prudential Mutual Fund | 25.30% |
| ICICI Prudential Dividend Yield FundICICI Prudential Mutual Fund | 24.00% |
| ICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual Fund | 23.52% |
| ICICI Prudential Exports & Services FundICICI Prudential Mutual Fund | 23.29% |
| ICICI Prudential Active Momentum FundICICI Prudential Mutual Fund | 21.93% |
| ICICI Prudential ESG Exclusionary Strategy FundICICI Prudential Mutual Fund | 21.92% |
As the fund house states it, for Sep 2026.
ICICI Prudential Innovation Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV. Paid by the fund's Direct IDCW plan.Every fund's payouts
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. IDCW payout in the glossary
Largest ₹1.45 a unit, Jan 2026.
Every payout
| IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. IDCW yield in the glossary | NAV before | NAV after | ||
|---|---|---|---|---|
| 6 Jan 2026 | ₹1.45 | 7.82% | ₹18.5400 | ₹17.1200 |
| 23 Jan 2025 | ₹1.40 | 8.05% | ₹17.3900 | ₹15.7800 |
All 2 payouts since 23 Jan 2025.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
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 themes. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Asset allocation
- Equity & Equity related securities of companies adopting innovation strategies and themes & Overseas Securities adopting innovation strategies and themes = 80% - 100%
- Other Equity & Equity related instruments = 0%- 20%
- Money market instruments, other liquid instruments^, Units of Overnight funds, Liquid funds and Money Market funds =0% - 20%
- InvITs=0%- 10%
^Other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities,Treasury bills, Repo on Government securities and any other instruments as specified by SEBI.
Type of scheme
Open Ended
- Stated category
- Equity Scheme - Thematic Fund
- Benchmark
- Nifty 500 TRI
- Risk level at launch
- Very High
- New fund offer
- 10 Apr 2023 to 24 Apr 2023
- Units first allotted
- 28 Apr 2023
- Open for sale again
- 4 May 2023
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 151580 | INF109KC12T2 | ICIC_PRU_INNO_1VYYU9V | 2 May 2023 | |
| Regular Growth | 151579 | INF109KC19S9 | ICIC_PRU_INNO_1A338QO | 2 May 2023 | |
| Direct IDCW | 151578 | INF109KC13T0 | INF109KC14T8 | ICIC_PRU_INNO_LL6XP9 | 2 May 2023 |
| Regular IDCW | 151581 | INF109KC10T6 | INF109KC11T4 | ICIC_PRU_INNO_1A9Q9HL | 2 May 2023 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Complete Factsheet September 2026ICICI Prudential Mutual Fund, Sep 2026
Statement of additional information
- SAI ICICI Prudential Mutual FundICICI Prudential Mutual Fund, Oct 2026
Annual report
- ICICI Prudential Aggressive Hybrid Active FOFICICI Prudential Mutual Fund, Mar 2026
- ICICI Prudential All Seasons Bond FundICICI Prudential Mutual Fund, Mar 2026
- ICICI Prudential Banking and Financial Services FundICICI Prudential Mutual Fund, Mar 2026
- ICICI Prudential Banking and PSU Debt FundICICI Prudential Mutual Fund, Mar 2026
Riskometer disclosure
- Annual Disclosure of Scheme Riskometer FY 2025-26ICICI Prudential Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap September 2026ICICI Prudential Mutual Fund, Sep 2026