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ICICI Prudential Innovation Fund
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.
₹18.43
1D
NAV as on 06 Mar 2026
23.8%/per year
Since Inception
▲▼
2126 people have invested ₹ 1.4Cr 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 (06-Mar-26)
The fund has underperformed the benchmark (Nifty 500) over the last 1Y, 3Y, 5Y time periods.
Peer comparison
ICICI Prudential Innovation Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
ICICI Prudential Innovation Fund Asset Allocation
See fund asset allocation details as on (14-Feb-26)
Fund Distribution
as on (14-Feb-26)
ICICI Prudential Innovation Fund Sector Allocation
See fund sector allocation details as on (14-Feb-26)
Sector Allocation
Top 3 Sectors in January were Tech, Consumer Cyclical & Health
Health
20%
Consumer Cyclical
19%
Tech
17%
Tech
18%
Consumer Cyclical
18%
Health
16%
ICICI Prudential Innovation Fund Holdings Details
as on (28-Feb-26)
ICICI Prudential Innovation Fund Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.74% |
Benchmark | Nifty 500 TR INR |
| AUM | ₹7599 Cr |
| Inception Date | 2 May, 2023 |
| Min Lumpsum/SIP | ₹5,000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 95.56% |
| Risk |   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
- ICICI Prudential Innovation Fund has ₹7599 Cr worth of assets under management (AUM) as on Feb 2026 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
ICICI Prudential Innovation Fund has given a CAGR return of 23.80% since inception. Over the last 1 year the fund has given a CAGR return of 12.17%.
Holdings
ICICI Prudential Innovation Fund has allocated its funds majorly in Cash Equivalent, Health, Consumer Cyclical, Tech, Industrial, Financial Services, Communication, Utilities, Basic Materials, Consumer Defensive, Energy, Real Estate, Corporate. Its top holdings are ICICI Bank Ltd, Supreme Industries Ltd, Computer Age Management Services Ltd Ordinary Shares, Axis Bank Ltd, Maruti Suzuki India 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends 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
- AUM of the fund stands at 7.6K Cr as of Jan'26
- AUM increased by 62.6 Cr between Jan'26 and Dec'25
Frequently Asked Questions for ICICI Prudential Innovation Fund
How do I invest in ICICI Prudential Innovation Fund?
- 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.