ICICI Prudential Innovation Fund

ICICI Prudential Innovation Fund

Equity

ICICI Mutual Fund

Equity - Other

Get the latest NAV of ICICI Prudential Innovation Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹19.08

▲0.3%1D

NAV as on 05 Jun 2026

23.06%/per year

Since Inception

Absolute Gain%

▲▼

1619 people have invested ₹ 1.3Cr in ICICI Prudential Innovation Fund in the last three months

ICICI Prudential Innovation Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (05-Jun-26)

The fund has outperformed the benchmark (Nifty 500) over 1Y, 3Y, but underperformed over 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
1.38%
2.86%
-3.83%
3.3%
22.5%
--
Nifty 500
-2.89%
-0.07%
-5.75%
-3.02%
12.26%
10.9%
Equity - Other Avg
--
--
--
--
--
--
Best in Equity - Other
1.05%
2.79%
5.29%
--
--
--
Worst in Equity - Other
0.4%
0.73%
1.43%
--
--
--

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
ICICI Prudential Innovation Fund
-
7,291Cr
0.63%
3.3%
22.5%
8.29
0.95
1.03
1.68
2.00
Aditya Birla Sun Life Special Opportunities Fund Dir
2/35
1,030Cr
0.99%
12.83%
21.22%
7.04
0.97
0.94
1.55
2.28
Sundaram Services Fund
4/35
4,624Cr
0.74%
-1.38%
15.39%
6.94
1.01
0.64
1.01
1.31
Franklin India Opportunities Fund
5/35
8,535Cr
0.49%
1.18%
24.45%
9.65
1.05
1.02
1.69
1.64
See all

ICICI Prudential Innovation Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

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Absolute Return
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ICICI Prudential Innovation Fund Asset Allocation

See fund asset allocation details as on (14-May-26)

Fund Distribution

as on (14-May-26)

Large cap
43.4%
Mid cap
29.3%
Small cap
21.8%
Small Cap allocation has gone down from 24% to 21.8%
Small Cap allocation has gone down from 24% to 21.8%
Mid Cap allocation has gone up from 26.8% to 29.3%
Mid Cap allocation has gone up from 26.8% to 29.3%
Large Cap allocation has gone down from 44.3% to 43.4%
Large Cap allocation has gone down from 44.3% to 43.4%
Cash allocation has gone up from 1.9% to 2.5%
Cash allocation has gone up from 1.9% to 2.5%

ICICI Prudential Innovation Fund Sector Allocation

See fund sector allocation details as on (14-May-26)

Sector Allocation

Health
17%
Financial Services
16.8%
Consumer Cyclical
16.1%
Tech
16%
Industrial
13.3%
Communication
8%
Energy
3%
Basic Materials
2.8%
Utilities
2.4%
Consumer Defensive
2.3%
Real Estate
2.3%

Top 3 Sectors in April were Consumer Cyclical, Health & Tech

Apr'26

Health

22%

Consumer Cyclical

21%

Tech

16%

Mar'26

Consumer Cyclical

19%

Health

18%

Tech

18%

ICICI Prudential Innovation Fund Holdings Details

as on (31-May-26)

Top Stocks bought last month
Mphasis Ltd's allocation increased from 0.62% to 2.67%
Mphasis Ltd's allocation increased from 0.62% to 2.67%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 0.33% to 2.2%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 0.33% to 2.2%
Computer Age Management Services Ltd Ordinary Shares's allocation increased from 2.5% to 3.14%
Computer Age Management Services Ltd Ordinary Shares's allocation increased from 2.5% to 3.14%

ICICI Prudential Innovation Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.63%
Benchmark
Nifty 500 TR INR
AUM₹7291 Cr
Inception Date2 May, 2023
Min Lumpsum/SIP₹5,000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
95.56%
Risk
Risk meter
pointer
Very High Risk

About ICICI Prudential Innovation Fund

ICICI Prudential Innovation Fund is an equity fund. This fund was started on 2 May, 2023. The fund is managed by Sharmila D’mello, Vaibhav Dusad. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ICICI Prudential Innovation Fund has ₹7291 Cr worth of assets under management (AUM) as on May 2026 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

ICICI Prudential Innovation Fund has given a CAGR return of 23.06% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 3.30% and 22.50% respectively.

Holdings

ICICI Prudential Innovation Fund has allocated its funds majorly in Cash Equivalent, Health, Consumer Cyclical, Tech, Industrial, Financial Services, Communication, Energy, Utilities, Consumer Defensive, Corporate, Basic Materials. Its top holdings are ICICI Bank Ltd, Maruti Suzuki India Ltd, Axis Bank Ltd, Mankind Pharma Ltd, Computer Age Management Services Ltd Ordinary Shares

Taxation

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of ICICI Prudential Innovation Fund

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 theme. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential Innovation Fund has no lock in period.

Fund Manager

Sharmila D’mello

Fund Manager of ICICI Prudential Innovation Fund, since 2 May 2023

Vaibhav Dusad

Fund Manager of ICICI Prudential Innovation Fund, since 2 May 2023

Learn more about ICICI Mutual Fund
Parameters
Apr'26
Mar'26
Feb'26
AUM
₹ 6.8K Cr
₹ 6.8K Cr
₹ 7.5K Cr
  • AUM of the fund stands at 6.8K Cr as of Apr'26
  • AUM has remained same between Apr'26 and Mar'26

Compare ICICI Prudential Innovation Fund

ICICI Prudential Innovation Fund

VS

Franklin India Opportunities Fund

Frequently Asked Questions for ICICI Prudential Innovation Fund

How do I invest in ICICI Prudential Innovation Fund?

INDmoney makes it simple to invest in the ICICI Prudential Innovation Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘ICICI Prudential Innovation Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of ICICI Prudential Innovation Fund?

The NAV of the fund today is ₹19.08. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

ICICI Prudential Innovation Fund fund has generated a return of 3.30% in 1 year, 22.50% in 3 years

Who is the fund manager of ICICI Prudential Innovation Fund?

The fund managers are Sharmila D’mello, Vaibhav Dusad.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-1 Months. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.63%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹7291 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of ICICI Prudential Innovation Fund?

The top 3 holdings of the fund are ICICI Bank Ltd(4.74%), Maruti Suzuki India Ltd(4.51%), Axis Bank Ltd(3.09%)