Equity
Direct
Equity - Other
NAV as on 04-12-2024
₹ 18.1
▲0.2%
1D
Inception Returns
44.8%
/yr
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.
ICICI Prudential Innovation Fund Direct Growth has given a CAGR return of 44.75% since inception. Over the last 1 year the fund has given a CAGR return of 40.31%.
ICICI Prudential Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Health, Consumer Cyclical, Tech, Financial Services, Consumer Defensive, Basic Materials, Communication, Utilities, Energy. Its top holdings are Maruti Suzuki India Ltd, ICICI Bank Ltd, Pidilite Industries Ltd, Sun Pharmaceuticals Industries Ltd, HDFC Life Insurance Co Ltd
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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 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.
Expense ratio | 0.68% |
Benchmark | IISL Nifty 500 TR INR |
AUM | ₹6323 Cr |
Inception Date | 2 May, 2023 |
Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 0% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (04-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Industrial, Tech & Consumer Cyclical
ICICI Prudential Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.91% | 1.91% |
6 Month Returns | 14.34% | 14.34% |
1 Year Returns | 40.31% | 40.31% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Innovation Fund Direct Growth | 12.34 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Innovation Fund Direct Growth | 0.89 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Innovation Fund Direct Growth | 2.34 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Innovation Fund Direct Growth | 12.24 | - | - |