ICICI Prudential Innovation Fund
Equity
●
Thematic
Fund Details
- Expense Ratio: A charge to the mutual fund for handling your investments. It's a percentage of the fund's assets used for various expenses like administration and management.
- Exit Load : A fee paid to a mutual fund for leaving the investment early before a set period
- Lock In : Withdrawals are not allowed for this period
Current NAV
₹18.09
Expense Ratio
1.82%
Min SIP
₹100
Fund Size
₹6799Cr
Min Investment
₹5.00K
Lock In
NA
Scheme Information Document
Exit load: 1% on or before 12M, Nil after 12M
Fund Performance
- Alpha: Excess returns relative to market benchmark,
- Beta : Volatility of the scheme relative to its market benchmark
- Sharpe Ratio : Risk-adjusted returns
- Risk : Volatility of the fund
Alpha
0.57%
Beta
0.95
Sharpe Ratio
0.317351
Risk
21.68%
Above numbers are based upon past 3 years
Returns Calculator
Would have become
₹1,49,748.59
(3.97)%
| Name | Holding(%) |
| Name | Sector(%) |
| Name | Assets(%) |
- Franklin India Opportunities Fund
- Quantum ESG Best In Class Strategy Fund
- Kotak Manufacture in India Fund
- ICICI Prudential Housing Opportunities Fund
- Kotak Rural Opportunities Fund
- Bandhan Transportation and Logistics Fund
- SBI ESG Exclusionary Strategy Fund
- Mahindra Manulife Manufacturing Fund
- SBI PSU Fund
- Nippon India Quant Fund
- Mahindra Manulife Innovation Opportunities Fund
- HDFC Consumption Fund
- HDFC Manufacturing Fund
- Quantum Ethical Fund
- Bandhan Innovation Fund
- Bandhan Business Cycle Fund
- ICICI Prudential Manufacturing Fund
- ICICI Prudential ESG Exclusionary Strategy Fund
- ICICI Prudential Quant Fund
- ICICI Prudential Business Cycle Fund
- Invesco India ESG Integration Strategy Fund
- Aditya Birla Sun Life Manufacturing Equity Fund
- SBI Innovative Opportunities Fund
- SBI Quality Fund
- Tata Ethical Fund
- Tata Business Cycle Fund
- Invesco India Business Cycle Fund
- 360 ONE Quant Fund
- Aditya Birla Sun Life Business Cycle Fund
- Motilal Oswal Manufacturing Fund
- Motilal Oswal Innovation Opportunities Fund
- Motilal Oswal Active Momentum Fund
- Motilal Oswal Special Opportunities Fund
- Aditya Birla Sun Life Special Opportunities Fund
- Baroda BNP Paribas Innovation Fund
- Baroda BNP Paribas Manufacturing Fund
- Baroda BNP Paribas Business Conglomerates Fund
- Tata India Innovation Fund
- The Wealth Company Ethical Fund
- HSBC India Export Opportunities Fund
- Union Innovation & Opportunities Fund
- Union Active Momentum Fund
- Shriram Multi Sector Rotation Fund
- Canara Robeco Manufacturing Fund
- LIC MF Manufacturing Fund
- UTI Innovation Fund
- Axis Momentum Fund
- Axis Quant Fund
- Sundaram Business Cycle Fund
- Sundaram Multi-Factor Fund
- Axis Innovation Fund
- HSBC Business Cycles Fund
- Edelweiss Recently Listed IPO Fund
- Baroda BNP Paribas Business Cycle Fund
- Quant ESG Integration Strategy Fund
- Bank of India Business Cycle Fund
- Quant Business Cycle Fund
- Quant Manufacturing Fund
- Quant Commodities Fund
- HDFC Business Cycle Fund
- Quant Quantamental Fund
- Invesco India PSU Equity Fund
- Kotak Pioneer Fund
- Aditya Birla Sun Life PSU Equity Fund
- ICICI Prudential Transportation and Logistics Fund
- Axis Business Cycles Fund
- HDFC Housing Opportunities Fund
- SBI Equity Minimum Variance Fund
- WhiteOak Capital ESG Best-In-Class Strategy Fund
- Motilal Oswal Quant Fund
- ICICI Prudential Commodities Fund
- DSP Business Cycle Fund
- HDFC Innovation Fund
- Taurus Ethical Fund
- UTI-Transportation and Logistics Fund
- Invesco India Manufacturing Fund
- WhiteOak Capital Quality Equity Fund
- Union Business Cycle Fund
- Aditya Birla Sun Life Conglomerate Fund
- Kotak ESG Exclusionary Strategy Fund
- Nippon India Innovation Fund
- HDFC Defence Fund
- Motilal Oswal Business Cycle Fund
- Kotak Active Momentum Fund
- HDFC Transportation and Logistics Fund
- Aditya Birla Sun Life Transportation and Logistics Fund
- Nippon India Active Momentum Fund
- ICICI Prudential Active Momentum Fund
- Aditya Birla Sun Life Quant Fund
- ICICI Prudential Conglomerate Fund
- ITI Business Cycle Fund
- WhiteOak Capital Special Opportunities Fund
- Kotak Special Opportunities Fund
- ICICI Prudential PSU Equity Fund
- Baroda BNP Paribas ESG Best-in-class strategy Fund
- Bandhan Multi-Factor Fund
- Franklin India Multi-Factor Fund
- ICICI Prudential Quality Fund
- ICICI Prudential Equity Minimum Variance Fund
- ICICI Prudential Rural Opportunities Fund
Vaibhav Dusad
ICICI Prudential Mutual FundTotal assets under management
₹908.28L Crores
Date of incorporation
22 Jun 1993
ICICI Prudential Innovation Fund
Ans.
- Open the Rupeezy app.
- If you're on the Stocks or F&O screen, switch to the Mutual Funds section.
- Tap on Explore to browse available mutual fund schemes.
- Select the ICICI Prudential Innovation Fund (or any fund you want to invest in).
- Choose your investment mode: Lumpsum or SIP.
- Enter the investment amount.
- Complete the payment using UPI, Net Banking, or other available options.
Ans. The ICICI Prudential Innovation Fund has an AUM of ₹6799.20 Cr as on 4/24/2026. The scheme has delivered CAGR returns for the past 3 years against a category average of 17.89%. The risk is Very High against the category average of 63.86.
Ans. Mutual fund taxation depends on the scheme type and investment holding period.
Taxation on equity funds: For equity funds (funds that invest at least 65% of the corpus in Indian stocks), if the holding period is more than 12 months, LTCG (Long Term Capital Gains) tax is applicable. For units sold within 12 months of purchase, STCG (Short Term Capital Gains) Tax is applicable.
LTCG tax on equity-oriented schemes is 12.5% on capital gains over ₹1.25 lakh (as per the latest update in Budget 2024).
STCG tax applicable on the sale of units of equity-oriented mutual fund schemes is 20%.
Ans. There is no lock-in period applicable on ICICI Prudential Innovation Fund.
Ans. The expense ratio of ICICI Prudential Innovation Fund is 1.82%.