HDFC Innovation Fund Direct-Growth

NAV as of Sep 03, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹10.111+0.92% 1 day change	1.0%	App exclusive #NA View Ranked Funds	₹2,439 Cr

Historical NAV & returns

NAV: ₹10.111 as on Sep 03, 2025

No data found for this duration

HDFC Innovation Fund overview

Expense ratio	0.68% as on Aug 31, 2025
Exit load	0%
AUM (Fund size)	₹2,439 Cr
Lock-in Period	Nil
Age	2 m since Jun 27, 2025
Benchmark	NIFTY 500 TRI
Min. investment	This scheme is currently not buyable
Risk	NA
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

HDFC Innovation Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Sep 01, 2025

Period	This fund	Category average
1 Month	1.77%	2.3%

Asset allocationas on Jul 31, 2025

Large Cap 51.24%

Mid Cap 23.86%

Small Cap 9.68%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Bifurcation by Instrument is not available for this fund

Other Holdings

Bifurcation by Holding is not available for this fund

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Innovation Fund	N.A.	2,439 Cr	2 m	0.68%
ICICI Prudential Manufacturing Fund	N.A.	6,231 Cr	6 yrs 11 m	0.73%
Sundaram Services Fund	N.A.	4,161 Cr	7 yrs	0.74%
ICICI Prudential Exports and Services Fund	N.A.	1,362 Cr	12 yrs 8 m	1.69%
ICICI Prudential Commodities Fund	N.A.	2,620 Cr	5 yrs 11 m	0.99%
UTI Transportation and Logistics Fund	N.A.	3,447 Cr	12 yrs 8 m	0.83%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Innovation Fund	1.77%	N.A.	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	1.79%	23.83%	-0.34%	26.3%	29.26%	14.28%
Sundaram Services Fund	0.47%	17.67%	5.63%	18.95%	25.78%	14.12%
ICICI Prudential Exports and Services Fund	0.36%	13.66%	-0.19%	20.86%	24.33%	14.03%
ICICI Prudential Commodities Fund	1.49%	19.93%	4.99%	21.22%	32.89%	16.6%
UTI Transportation and Logistics Fund	7.16%	30.08%	2.84%	23.34%	27.39%	14.13%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Innovation Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	16.26	1.13	1.09	1.58
Sundaram Services Fund	12.58	0.87	0.89	1.57
ICICI Prudential Exports and Services Fund	11.25	0.8	1.16	2.48
ICICI Prudential Commodities Fund	15.05	0.98	0.86	1.4
UTI Transportation and Logistics Fund	16.11	1.03	0.95	1.32

View all Thematic funds

Key risk & return ratios Compared to other funds in the category

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare HDFC Innovation Fund in detail with

About this fund

Sorry! Our analysts are busy working on creating a verdict for this scheme. Please bear with us in the meantime.

More funds from HDFC Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
HDFC Infrastructure Fund	N.A.	2,540 Cr	-3.55%	33.69%
HDFC Small Cap Fund	N.A.	34,032 Cr	0.72%	31.71%
HDFC Mid Cap Fund	N.A.	79,718 Cr	2.16%	29.78%
HDFC Focused Fund	N.A.	19,578 Cr	7.03%	29.48%
HDFC Flexi Cap Fund	N.A.	75,784 Cr	5.65%	28.8%
HDFC Large and Mid Cap Fund	N.A.	25,412 Cr	-2.52%	26.3%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Innovation Fund?

The current Net Asset Value (NAV) of the HDFC Innovation Fund - Direct Growth plan is approximately ₹10.111 as of Sep 03, 2025.

How much does this mutual fund charge as expense ratio?

The HDFC Innovation Fund - Direct Growth has an expense ratio of 0.68%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The HDFC Innovation Fund currently has assets under management (AUM) or fund size valued at approximately 2,439 Cr as on Jul 31, 2025.

What is risk level of HDFC Innovation Fund?

This is a Thematic fund comes with NA risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in HDFC Innovation Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for HDFC Innovation Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in HDFC Innovation Fund is complete.

How can I redeem my investments in HDFC Innovation Fund?

Redeeming your investments in HDFC Innovation Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in HDFC Innovation Fund from anywhere else, you can go to the fund house website and put a request through it.