May 14, 2026
RA Jainee
UTI Innovation Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 10.74 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 10.74 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 624 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.99% |
| 1 Year Return (%) | 0.60 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 3.10% |
⚖️ Sahifund Review – UTI Innovation Fund ✔
PLUS:
✓ Backed by the long-standing institutional credibility and equity research expertise of UTI Mutual Fund.
✓ Innovation-oriented strategy provides exposure to emerging growth themes, disruptive businesses and evolving sectors.
✓ Expense ratio of 0.99% is reasonable compared to several competing thematic innovation funds.
✓ Strong recent monthly momentum with 17.27% 1-month return indicates improving investor interest in innovation themes.
✓ Moderate turnover ratio of 18% reflects relatively disciplined portfolio management compared to aggressive thematic peers.
✓ High allocation to mid-cap and small-cap companies can create strong long-term alpha potential during growth cycles.
✓ Suitable mainly for aggressive SIP investors seeking exposure to emerging business models and future-oriented sectors.
MINUS:
⚖️ 1-year return of only 0.60% significantly trails innovation category peers and broader diversified equity markets.
⚖️ Return since launch of just 3.10% reflects weak execution and inconsistent early performance.
⚖️ Portfolio P/E of 48.54 indicates very expensive valuations and elevated growth expectations.
⚖️ Small-cap allocation above 59% substantially increases volatility and downside risk during market corrections.
⚖️ Top 3 sectors account for over 84% exposure, creating high thematic concentration risk.
⚖️ Innovation-focused investing can underperform sharply during risk-off and value-oriented market phases.
⚖️ Investors may achieve superior long-term risk-adjusted returns through diversified flexi-cap funds instead of narrow thematic strategies.
Sahifund View (Decisive Line):
UTI Innovation Fund may suit only high-risk investors willing to tolerate sharp volatility for future-growth themes, while diversified equity funds remain safer and more dependable long-term wealth creators for most investors.
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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 provide medium to long-term capital appreciation through investment primarily in growth and innovation-oriented equity and equity-related instruments.
Fund Manager:
1) Nitin Jain
Education: Mr. Jain holds a Bachelor of Engineering Degree and is also MMS.
Experience: Has been associated with SBIMF since 2004. Earlier,he was with IDBI Capital Market Services Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 12 months |
Basic Details of UTI Innovation Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 13-Oct-23 |
| Return Since Launch | 3.10% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 624 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.99% |
| (As on 30-Apr-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 18.00% |
UTI Innovation Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Innovation Dir | -8.84 | 0.70 | 17.27 | -0.78 | -11.95 | 0.60 | — | — | — | — |
| BSE 500 TRI | -5.01 | -0.82 | 10.38 | -1.73 | -4.33 | 3.64 | — | — | — | — |
| Equity: Thematic-Innovation | -3.40 | -0.54 | 12.42 | 1.75 | -5.04 | 8.39 | — | — | — | — |
| Rank within category | 10 | 1 | 1 | 8 | 10 | 9 | — | — | — | — |
| Number of funds in category | 10 | 11 | 11 | 10 | 10 | 9 | 0 | 0 | 0 | 0 |
Peer Comparison of UTI 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 (%) | |
| UTI Innovation Dir | Unrated | 0.60 | — | — | 0.99 | 624 | 3.10 | 1.00 (360) | 2Y 6M | 18.00 |
| ICICI Pru Innovation Dir | Unrated | 5.11 | — | — | 1.11 | 6,799 | 23.20 | 1.00 (30) | 3Y | 127.00 |
| SBI Innovative Opportunities Dir | Unrated | 4.40 | — | — | 0.94 | 4,504 | -4.56 | 1.00 (30) | 1Y 8M | 37.00 |
| Kotak Pioneer Dir | Unrated | 14.36 | 23.04 | 17.17 | 0.76 | 3,083 | 21.47 | 0.50 (90) | 6Y 6M | 13.12 |
| Nippon India Innovation Dir | Unrated | 7.07 | — | — | 1.41 | 2,446 | 14.21 | 1.00 (365) | 2Y 8M | 47.00 |
UTI Innovation Fund Portfolio
| No. of Stocks | 28 |
| Top 10 Stocks | 58.70% |
| Top 5 Stocks | 36.73% |
| Top 3 Sectors | 84.32% |
| Portfolio P/B Ratio | 4.01 |
| Portfolio P/E Ratio | 48.54 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 23,419 | 69,475 |
| Giant (%) | — | — |
| Large (%) | 9.90 | 34.62 |
| Mid (%) | 30.88 | 28.53 |
| Small (%) | 59.22 | 36.85 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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