June 25, 2025
mayank
HDFC Innovation Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the HDFC Innovation Fund Open Date, Close Date?
NFO opens on June 27, 2025
NFO will close on July 11, 2025
Investment Strategy for this NFO?
The scheme seeks to generate long-term capital appreciation / income by investing in companies that are adopting innovative themes and strategies. There is no assurance that the investment objective of the scheme will be achieved.
Basic Details
| Fund House | HDFC Mutual Fund |
| Issue Open | 27 June 2025 |
| Issue Close | 11 July 2025 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 1 month |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI |
About Benchmark Index for this NFO?
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices.
Portfolio Characteristics
| Methodology | Free Float Market Capitalization |
| No. of Constituents | 503 |
| Launch Date | |
| Base Date | January 01, 1995 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of HDFC Innovation Fund
1) Amit Sinha
Education: Mr. Sinha has done B.Tech (IIT Roorkee) and PGDBM (XLRI, Jamshedpur)
Experience: Prior to joining HDFC Mutual Fund, he has worked Macquarie Capital Securities (India) Pvt. Ltd.
AMC
HDFC Asset Management Company Ltd
Address: “HDFC House”, 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai – 400020
Website: http://www.hdfcfund.com
Registrar & Transfer Agent
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Review for HDFC Innovation Fund @ sahifund.com by Paresh Gordhandas, C.A., & Research Analyst
[ A ] Benchmark Performance of NIFTY 500 TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 6.85 | 1.91 | 8.05 | 23.86 | 10.82 |
| Total Return | 7.02 | 2.27 | 9.02 | 25.12 | 12.51 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 17.15 | 15.00 | 22.22 |
| Beta (NIFTY 50) | 1.06 | 0.98 | 0.94 |
| Correlation (NIFTY 50) | 0.96 | 0.97 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 24.59 | 3.94 | 1.12 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 7.82 |
| ICICI Bank Ltd. | 5.39 |
| Reliance Industries Ltd. | 5.09 |
| Infosys Ltd. | 2.97 |
| Bharti Airtel Ltd. | 2.63 |
| Larsen & Toubro Ltd. | 2.28 |
| ITC Ltd. | 2.06 |
| Tata Consultancy Services Ltd. | 1.87 |
| Axis Bank Ltd. | 1.80 |
| State Bank of India | 1.65 |
Note on Benchmark Performance:
X
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Amit Sinha
| Fund | HDFC Non-Cyclical Consumer Fund | It’s Benchmark |
| 1 Year | 4.99 | 4.06 |
| 3 Year | — | — |
| 5 Year | — | — |
| 7 Year | — | — |
| 10 Year | — | — |
As on 25-6-2025
Note on Fund Managers’ performance
X
[ C ] Conclusion
HDFC Mutual Fund has launched NFO under its “thematic category”, named as HDFC Innovation Fund.
Innovation is undeniably a long-term structural trend in India, supported by government policies, a tech-driven startup environment, and digital acceleration.
However, once the NFO launches, the portfolio structuring becomes important to monitor. HDFC’s brand and fund management pedigree give it credibility, but innovation-themed funds remain high-risk/high-reward.
This fund can be compared with the ICICI Prudential Innovation Fund, Bandhan Innovation Fund, Nippon India Innovation Fund, UTI Innovation Fund, Motilal Oswal Innovation Fund etc.
The ICICI Prudential Innovation Fund launched in April 2023 has given –7.5% since launch.
The Bandhan Innovation Fund has given return of 14.6% 1-year; 24.2% annualized since inception.
Nippon India Innovation Fund has given return of 0.36% for 1-year; 21.8% annualized since inception.
All these funds are less than 2 years old and hence have not faced many economic cycles.
Hence, while many Funds have jumped on the innovation bandwagon, its true value will only be apparent after they have a strong track record.
Investors with a very high level risk appetite should invest in the HDFC Innovation Fund for 10 years or more. Only a small portion of your portfolio must be parked in this fund keeping the risk in mind.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in HDFC Innovation Fund NFO?
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