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OmniAsset › Mutual funds › ICICI Prudential Innovation Fund

ICICI Prudential Innovation Fund

Sectoral / Thematic fund benchmarked to Nifty 500 TRI. Every figure below is read from one dated snapshot; what the snapshot cannot prove is left out, never estimated.

Latest NAV2 Sep 202620.28
CategorySectoral / Thematic
PlanDirect · Growth
Launched10 Apr 2023
Risk labelthe scheme's own riskometerVery High
Legal benchmarkSEBI Tier-1Nifty 500 TRI
Expense ratiodirect plan, a year1.21%
AUM₹2,072 Cr
Growth of ₹10,000₹20,1992 May 2023 to 2 Sep 2026
₹20,538₹17,903₹15,269₹12,634₹10,000May 2023Feb 2024Dec 2024Nov 2025Sep 2026
₹20,199 (+23.4% a year) ICICI Prudential Innovation Fund

Performance (trailing, annualised)

1Y annualised6.91%
3Y annualised19.89%

Point-to-point from the fund's own published NAV; a period the history does not span is left out.

SIP returns

SIP 1Y (₹10,000 a month)invested ₹1,20,000 → worth ₹1,26,71510.50%
SIP 3Y (₹10,000 a month)invested ₹3,60,000 → worth ₹4,33,79412.49%

₹10,000 on the first of every month, valued at the latest NAV, as an annualised rate (XIRR).

Calendar years

Calendar 202430.13%
Calendar 202512.00%

Rolling returns

Rolling 1Y · average121 windows since 3 May 202422.01%
Rolling 1Y · median11.14%
Rolling 1Y · worst window-0.79%
Rolling 1Y · best window64.68%
Rolling 1Y · windows positive99%

Every window of that length in the published history, so one lucky start date cannot flatter the fund.

Risk

Volatility (3Y)12.54%
Downside deviation (3Y)8.83%
Maximum drawdown-16.51%

Management

Fund managerMr. Vaibhav Dusad
Managing since28 Apr 2023

What it holds

SecurityWeight
Maruti Suzuki India Ltd5.2%
ICICI Bank Ltd4.9%
Axis Bank Ltd3.1%
Computer Age Management Services Ltd2.7%
TVS Motor Company Ltd2.7%
Zomato Ltd2.6%
Bharti Hexacom Ltd.2.5%
IIFL Wealth Management Ltd2.5%
Sagility India Ltd.2.5%
Dr. Reddy's Laboratories Ltd2.3%
SectorWeight
Technology23.1%
Consumer Discretionary18.7%
Industrials17.2%
Healthcare17.0%
Financial16.0%

Portfolio disclosed: 97.1% by weight.

Related

Source: the OmniAsset signed reference snapshot, as of 4 Sep 2026. Figures are deterministic; missing data is withheld, never estimated. See methodology and data sources. Not investment advice.

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