June 6, 2025
RA Jainee
ICICI Prudential Innovation Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 18.4700
NAV IDCW: Rs 16.9600
Suitable For Which Investors?
Such thematic funds are avoidable for most investors because:
• They have a narrow investment focus
• Instead, diversified equity funds which invest across sectors/themes are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
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) Anish Tawakley
Education: Mr. Tawakley has done PGDM (MBA) from IIM Bangalore and B. Tech (Mechanical Engineering) from IIT Delhi
Experience: Prior joining to ICICI AMC he has worked with Barclays India – Equity Research, Credit Suisse India – Equity research – Indian financial services sector,
2) 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 | 33.81% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 6,581 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.69% |
| (As on 31-May-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 99.00% |
Trailing Returns (%) of ICICI Prudential Innovation Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Innovation Dir | 4.06 | 0.65 | 3.07 | 13.45 | 1.48 | 13.17 | — | — | — | — |
| BSE 500 TRI | 2.67 | 0.54 | 3.25 | 13.04 | -1.33 | 9.23 | — | — | — | — |
Peer Comparison of ICICI Prudential Innovation Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ICICI Pru Innovation Dir | Unrated | 13.17 | — | — | 0.69 | 6,581 | 33.81 | 1.00 (365) | 2Y 1M | 99.00 |
| ICICI Pru India Opportunities Dir | Unrated | 15.39 | 27.45 | 33.23 | 0.63 | 27,197 | 23.38 | 1.00 (365) | 6Y 4M | 69.00 |
| ICICI Pru Business Cycle Dir | Unrated | 13.00 | 25.17 | — | 0.72 | 12,375 | 23.50 | 1.00 (30) | 4Y 4M | 25.00 |
| HDFC Manufacturing Dir | Unrated | 4.16 | — | — | 0.50 | 11,717 | 5.38 | 1.00 (30) | 1Y | — |
| SBI Innovative Opportunities Dir | Unrated | — | — | — | 0.61 | 6,982 | -4.37 | 1.00 (365) | 9M | 46.00 |
Portfolio Analysis of ICICI Prudential Innovation Fund
| No. of Stocks | 58 |
| Top 10 Stocks | 35.66% |
| Top 5 Stocks | 21.84% |
| Top 3 Sectors | 39.11% |
| Portfolio P/B Ratio | 4.20 |
| Portfolio P/E Ratio | 29.64 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,19,103 | 1,25,532 |
| Giant (%) | 58.27 | 41.76 |
| Large (%) | 27.13 | 22.93 |
| Mid (%) | 14.08 | 28.52 |
| Small (%) | 0.52 | 11.31 |
| Tiny (%) | — | 0.72 |
Chanakya’s Mutual Fund Guidance For ICICI Prudential Housing Opportunities Fund
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