ICICI Prudential Innovation Fund Direct Plan Growth

ICICI Prudential Innovation Fund Direct Plan Growth

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Equity
Direct
Equity - Other

NAV: ₹ 11.9 as on 22-09-2023

Fund Performance
zero opening, trading, fund transfer fee
1026 people have invested ₹ 59L in ICICI Prudential Innovation Fund Direct Plan Growth in the last three months

Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (equity - other). Its expense ratio is 0.8% which is lower than the category average expense ratio of 1.19%.

About the Fund

ICICI Prudential Innovation Fund Direct Plan 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 Plan Growth has ₹2257 Cr worth of assets under management (AUM) as on Aug 2023 and is more than category average.
  2. The fund has an expense ratio 0.8.

ICICI Prudential Innovation Fund Direct Plan Growth Overview

Expense ratio
Expense ratio
0.8%
Benchmark
Benchmark
IISL Nifty 500 TR INR
AUM
AUM
₹2257 Cr
Inception Date
Inception Date
2 May, 2023
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0%

Fund Distribution as on (31-Aug-23)

  • Equity 96%

  • Debt & Cash 4%

Size breakup

Large cap
58.9%
Mid cap
22.4%
Small cap
14.8%

Sector Allocation

Aug'23

Jul'23

Jun'23

Consumer Cyclical

20.6%

Industrial

19.5%

Health

16.7%

Tech

13.4%

Financial Services

10.1%

Consumer Defensive

7.6%

Energy

5.7%

Communication

4.7%

Basic Materials

1.1%

Utilities

0.6%

Top Holdings of ICICI Prudential Innovation Fund Direct Plan Growth as on (31-Aug-23)

  • Equity

Equity Holdings66

Gainers & Losers in ICICI Prudential Innovation Fund Direct Plan Growth portfolio Returns for the month of Aug

ICICI Prudential Innovation Fund Direct Plan Growth Fund Manager

Anish Tawakley

Anish Tawakley

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

Vaibhav Dusad

Fund Manager of ICICI Prudential Innovation Fund Direct Plan Growth, since 2 May 2023

Fund 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 returns of 18.03% since inception (02nd May 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 96.02% in Equity, 0% in Debt and 3.98% in Cash related instruments
AUM size ₹2257 Cr

AUM size ₹2257 Cr

This fund has AUM of ₹2257 Cr which is more than its category average of ₹ 1341 Cr
Expense Ratio 0.8%

Expense Ratio 0.8%

This fund has an expense ratio of 0.8% which is less than its category average expense ratio of 1.39%

Frequently Asked Questions

The current NAV of ICICI Prudential Innovation Fund Direct Plan Growth is ₹11.85 as on 22-Sep-2023.
Existing (Absolute + CAGR) as on 22-Sep-2023.
ICICI Prudential Innovation Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.07%
2.07%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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  • Select your bank account and proceed with Payment.
0.8% as on August 2023
₹2257 Cr as on August 2023
ICICI Bank Ltd(7.02%), Larsen & Toubro Ltd(6.37%), Reliance Industries Ltd(6.1%), Sun Pharmaceuticals Industries Ltd(3.49%), Infosys Ltd(3.11%) as on August 2023
Consumer Cyclical(19.81%), Industrial(18.69%), Health(16.04%) as on August 2023
The alpha ratio for the ICICI Prudential Innovation Fund Direct Plan Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential Innovation Fund Direct Plan Growth
-
-
-
As on August 2023
The alpha for ICICI Prudential Innovation Fund Direct Plan 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 Plan Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential Innovation Fund Direct Plan Growth
-
-
-
As on August 2023
The Beta for ICICI Prudential Innovation Fund Direct Plan 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 Plan 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 Plan Growth
-
-
-
As on August 2023
The sharpe ratio for ICICI Prudential Innovation Fund Direct Plan 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 Plan 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 Plan Growth
-
-
-
As on August 2023
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 Plan Growth
The Exit load of ICICI Prudential Innovation Fund Direct Plan Growth is 1%