January 19, 2026
RA Jainee
ICICI Prudential Innovation Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 19.70 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 16.68 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 7,536 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.72% |
| 1 Year Return (%) | 13.02 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 28.27% |
⚖️ Sahifund Review – ICICI Prudential Innovation Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Innovation funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks with a focus on innovation theme for high returns
2. Aiming for long term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme seeks 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.
Fund Manager:
1) Vaibhav Dusad
Education: Mr. Dusad has done B.Tech, M.Tech and MBA
Experience: Prior to joining ICICI Prudential AMC Ltd, he has worked with Morgan Stanley, HSBC Global Banking and Markets, CRISIL, Zinnov Mangement Consulting and Citibank Singapore.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details of ICICI Prudential Innovation Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 28-Apr-23 |
| Return Since Launch | 28.27% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs) | 7,536 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.72% |
| (As on 31-Dec-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 115.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Innovation Dir | -0.91 | 0.00 | 0.05 | 0.61 | 4.01 | 13.02 | — | — | — | — |
| BSE 500 TRI | -1.63 | 0.08 | -0.40 | -0.24 | 0.50 | 9.14 | — | — | — | — |
| Equity: Thematic-Innovation | -2.43 | -0.39 | -1.87 | -3.90 | -0.81 | 3.86 | — | — | — | — |
| Rank within category | 1 | 1 | 1 | 1 | 1 | 1 | — | — | — | — |
| Number of funds in category | 11 | 11 | 11 | 11 | 10 | 9 | 1 | 1 | 0 | 0 |
Peer Comparison of ICICI Prudential Innovation Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs) (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ICICI Pru Innovation Dir | Unrated | 13.02 | — | — | 0.72 | 7,536 | 28.27 | 1.00 (365) | 2Y 8M | 115.00 |
| SBI Innovative Opportunities Dir | Unrated | -0.61 | — | — | 0.91 | 5,978 | -2.65 | 1.00 (30) | 1Y 4M | 43.00 |
| Kotak Pioneer Dir | Unrated | 10.49 | 23.65 | 18.74 | 0.48 | 3,342 | 22.07 | 0.50 (90) | 6Y 2M | 12.18 |
| Nippon India Innovation Dir | Unrated | 6.49 | — | — | 0.62 | 2,856 | 16.27 | 1.00 (365) | 2Y 4M | 45.00 |
| HDFC Innovation Dir | Unrated | — | — | — | 0.72 | 2,707 | 1.34 | 1.00 (30) | 6M | — |
Portfolio Analysis of ICICI Prudential Innovation Fund
| No. of Stocks | 52 |
| Top 10 Stocks | 31.13% |
| Top 5 Stocks | 17.69% |
| Top 3 Sectors | 54.60% |
| Portfolio P/B Ratio | 4.60 |
| Portfolio P/E Ratio | 25.33 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,03,595 | 76,061 |
| Giant (%) | — | — |
| Large (%) | 47.77 | 33.82 |
| Mid (%) | 26.01 | 28.94 |
| Small (%) | 26.23 | 37.24 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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