ICICI Prudential Innovation Fund Direct Growth
Equity
Direct
Equity - Other
NAV: ₹ 16.4 as on 17-05-2024
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 Vaibhav Dusad, Anish Tawakley. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential Innovation Fund Direct Growth has ₹4718 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Fund Performance
1288 people have invested ₹ 1.1Cr in ICICI Prudential Innovation Fund Direct Growth in the last three months
Overview
 | 0.63% |
 Benchmark | IISL Nifty 500 TR INR |
 | ₹4718 Cr |
 | 2 May, 2023 |
 | ₹5000/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 0% |
ICICI Prudential Innovation Fund Direct Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
57.9%
Mid cap
24.9%
Small cap
13.3%
Sector Allocation
Consumer Cyclical
23.3%
Industrial
19.1%
Health
18%
Tech
12.6%
Financial Services
7.6%
Communication
7.2%
Consumer Defensive
6.3%
Energy
2.6%
Basic Materials
2.1%
Utilities
1.2%
Top Holdings of ICICI Prudential Innovation Fund Direct Growth as on (30-Apr-24)
Equity Holdings70
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Hitachi Energy India Ltd | 33.7% |
 Schaeffler India Ltd | 32.4% |
 Hindustan Aeronautics Ltd | 23.2% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 2.63% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
- This fund outperformed Nifty 500 by 0.16% in Apr'24
AUM Change
- AUM of the fund stands at 4.5K Cr as of Apr'24
- AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Vaibhav Dusad
Fund Manager of ICICI Prudential Innovation Fund Direct Growth, since 2 May 2023
Top funds managed
Anish Tawakley
Fund Manager of ICICI Prudential Innovation Fund Direct Growth, since 2 May 2023
Top funds managed
ICICI Prudential Innovation Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 60.07% since inception which is more than its category average return of 23.8%
Fund Allocations
This fund has an allocation of 96.07% in Equity, 0% in Debt and 3.93% in Cash related instruments
AUM size ₹4718 Cr
This fund has AUM of ₹4718 Cr which is more than its category average of ₹ 1861 Cr
Expense Ratio 0.63%
This fund has an expense ratio of 0.63% which is less than its category average expense ratio of 1.3%
Frequently Asked Questions
The current NAV of ICICI Prudential Innovation Fund Direct Growth is ₹16.4 as on 17-May-2024.
Existing (Absolute + CAGR) as on 17-May-2024.
ICICI Prudential Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 7.47% | 7.47% |
6 Month Returns | 33.44% | 33.44% |
1 Year Returns | 63.02% | 63.02% |
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.
0.63% as on April 2024
₹4718 Cr as on April 2024
Maruti Suzuki India Ltd(3.81%), Sun Pharmaceuticals Industries Ltd(3.79%), Siemens Ltd(3.47%), ICICI Bank Ltd(3.11%), HDFC Life Insurance Company Limited(2.83%) as on April 2024
Consumer Cyclical(22.4%), Industrial(18.33%), Health(17.3%) as on April 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 | - | - | - |
As on April 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 | - | - | - |
As on April 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 | - | - | - |
As on April 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 | - | - | - |
As on April 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.
Vaibhav Dusad, Anish Tawakley are the fund managers of ICICI Prudential Innovation Fund Direct Growth
The Exit load of ICICI Prudential Innovation Fund Direct Growth is 1%