ICICI Prudential Innovation Fund Direct Growth

Equity
Direct
Equity - Other
ICICI Prudential Innovation Fund Direct Growth

About the Fund

ICICI Prudential Innovation Fund Direct Growth is an equity fund. This fund was started on 2 May, 2023. The fund is managed by Anish Tawakley, Vaibhav Dusad. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ICICI Prudential Innovation Fund Direct Growth has ₹5191 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

ICICI Prudential Innovation Fund Direct Growth has given a CAGR return of 62.47% since inception. Over the last 1 year the fund has given a CAGR return of 60.72%.

Holdings

ICICI Prudential Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Health, Tech, Financial Services, Basic Materials, Communication, Consumer Defensive, Utilities, Energy. Its top holdings are Maruti Suzuki India Ltd, Sun Pharmaceuticals Industries Ltd, ICICI Bank Ltd, Siemens Ltd, Pidilite Industries Ltd

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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of ICICI Prudential Innovation Fund Direct Growth

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 Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
1550 people have invested ₹ 1.4Cr in ICICI Prudential Innovation Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.69%
Benchmark
IISL Nifty 500 TR INR
AUM₹5191 Cr
Inception Date2 May, 2023
Min Lumpsum/SIP₹5000/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 95.4%

  • Debt & Cash 4.6%

Large cap
57.6%

Mid cap
21.7%

Small cap
15.2%

Sector Allocation

May'24

Apr'24

Mar'24

Consumer Cyclical
21.4%
Industrial
18.5%
Health
16.6%
Tech
13.2%
Financial Services
9.5%
Communication
6.7%
Basic Materials
5.4%
Consumer Defensive
5.2%
Energy
2.4%
Utilities
1.1%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Anish Tawakley
Anish Tawakley
Fund Manager of ICICI Prudential Innovation Fund Direct Growth, since 2 May 2023
Vaibhav Dusad
Vaibhav Dusad
Fund Manager of ICICI Prudential Innovation Fund Direct Growth, since 2 May 2023

ICICI Prudential Innovation Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 62.47% since inception which is more than its category average return of 25.78%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.36% in Equity, 0% in Debt and 4.64% in Cash related instruments
AUM size ₹5191 Cr

AUM size ₹5191 Cr

This fund has AUM of ₹5191 Cr which is more than its category average of ₹ 2066 Cr
Expense Ratio 0.69%

Expense Ratio 0.69%

This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.21%

Frequently Asked Questions

The current NAV of ICICI Prudential Innovation Fund Direct Growth is ₹17.92 as on 11-Jul-2024.
Existing (Absolute + CAGR) as on 11-Jul-2024.
ICICI Prudential Innovation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.22%
6.22%
6 Month Returns
28.74%
28.74%
1 Year Returns
60.72%
60.72%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.69% as on June 2024
₹5191 Cr as on June 2024
Maruti Suzuki India Ltd(3.54%), Sun Pharmaceuticals Industries Ltd(3.36%), ICICI Bank Ltd(3.22%), Siemens Ltd(3.09%), Pidilite Industries Ltd(3.02%) as on June 2024
Industrial(17.74%), Consumer Cyclical(17.54%), Health(13.44%) as on June 2024
The alpha ratio for the ICICI Prudential Innovation Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential Innovation Fund Direct Growth
17.47
-
-
As on June 2024
The alpha for ICICI Prudential Innovation Fund Direct Growth is calculated against IISL Nifty 500 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential Innovation Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential Innovation Fund Direct Growth
0.89
-
-
As on June 2024
The Beta for ICICI Prudential Innovation Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential Innovation Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
ICICI Prudential Innovation Fund Direct Growth
3.59
-
-
As on June 2024
The sharpe ratio for ICICI Prudential Innovation Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential Innovation Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
ICICI Prudential Innovation Fund Direct Growth
11.53
-
-
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Anish Tawakley, Vaibhav Dusad are the fund managers of ICICI Prudential Innovation Fund Direct Growth
The Exit load of ICICI Prudential Innovation Fund Direct Growth is 1%