HDFC Innovation Fund

Q: How much does this mutual fund charge as expense ratio?

The HDFC Innovation Fund has an expense ratio of 1.98% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹9.758-1.2% 1 day change	-2.53%	App exclusive #NA View Ranked Funds	₹2,707 Cr

Historical NAV & returns

NAV: ₹9.758 as on Feb 02, 2026

This fund Category average

HDFC Innovation Fund overview

AUM (Fund size)	₹2,707 Cr
Exit load	0%
Lock-in Period	Nil
Age	7 m since Jun 27, 2025
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.98% as on Feb 02, 2026
Plan type	Regular
Risk	Very High
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 Feb 03, 2026

Period	This fund	Category average
1 Month	-4.86%	-5.86%
3 Months	-6.96%	-6.38%
6 Months	-1.72%	-2.94%

Asset allocationas on Dec 31, 2025

Large Cap 52.35%

Mid Cap 30.06%

Small Cap 16.62%

Other Cap 0%

Top holdings

Eternal Ltd.9.61%

Bajaj Finance Ltd.5.18%

PB Fintech Ltd.4.96%

Mahindra & Mahindra Ltd.4.64%

Top sectors

Services 20.28%

Healthcare 19.93%

Capital Goods 15.23%

Automobile 9.4%

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

Repo 1.23%

Other Holdings

Others 1.23%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Innovation Fund	-4.86%	-1.72%	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	-4.37%	0.03%	11.15%	23.82%	21.94%	13.24%
ICICI Prudential Exports and Services Fund	-4.78%	0.68%	8.48%	18.54%	17.34%	13.8%
Sundaram Services Fund	-6.02%	-0.13%	7.97%	17.84%	17.61%	13.15%
UTI Transportation and Logistics Fund	-6.74%	6.07%	14.01%	23.2%	18.55%	13.75%
ICICI Prudential Commodities Fund	-1.61%	6.7%	22.01%	18.78%	24.75%	16.29%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Innovation Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	15.86	1.05	1.06	1.52
ICICI Prudential Exports and Services Fund	11.19	0.83	1.07	2.09
Sundaram Services Fund	12.26	0.88	0.94	1.53
UTI Transportation and Logistics Fund	15.97	0.9	1.0	1.3
ICICI Prudential Commodities Fund	14.61	0.95	0.86	1.33

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Innovation Fund	N.A.	2,707 Cr	7 m	1.98%
ICICI Prudential Manufacturing Fund	N.A.	6,549 Cr	7 yrs 4 m	1.84%
ICICI Prudential Exports and Services Fund	N.A.	1,434 Cr	20 yrs 3 m	2.27%
Sundaram Services Fund	N.A.	4,809 Cr	7 yrs 5 m	1.87%
UTI Transportation and Logistics Fund	N.A.	4,084 Cr	20 yrs 6 m	1.92%
ICICI Prudential Commodities Fund	N.A.	3,409 Cr	6 yrs 4 m	1.96%

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

About HDFC Innovation Fund

HDFC Innovation Fund is a Thematic mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 7 m, having been launched on 27/06/2025. HDFC Innovation Fund has ₹2,707 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Innovation Fund as of 02/02/2026 is ₹9.76. The fund has an expense ratio of 1.98%, which is higher than what most other Thematic funds charge.

The fund has the majority of its money invested in Services, Healthcare, Capital Goods, Automobile, Energy sectors. It has taken less exposure in Services, Healthcare sectors compared to other funds in the category.
The fund's top 5 holdings are in Eternal Ltd., Bajaj Finance Ltd., PB Fintech Ltd., Mahindra & Mahindra Ltd., Divi's Laboratories Ltd..

...

Fund AUM	2,707 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Investment objective

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.

HDFC Mutual Fund details

No. of schemes	78 view all schemes
Total AUM	9,43,197 Cr as on Dec 31, 2025
Address	"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai, 400020
Email	shareholders.relations@hdfcfund.com
Phone	022 ? 66316333

More funds from HDFC Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
HDFC Infrastructure Fund	N.A.	2,452 Cr	8.15%	24.12%
HDFC Mid Cap Fund	N.A.	92,642 Cr	12.7%	23.35%
HDFC Small Cap Fund	N.A.	37,753 Cr	5.31%	22.19%
HDFC Focused Fund	N.A.	26,537 Cr	10.34%	21.58%
HDFC Flexi Cap Fund	N.A.	96,295 Cr	11.78%	20.75%
HDFC ELSS Tax Saver Fund	N.A.	17,163 Cr	9.5%	19.23%

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 plan is approximately ₹9.758 as of Feb 02, 2026.

How much does this mutual fund charge as expense ratio?

The HDFC Innovation Fund has an expense ratio of 1.98%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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 2,707 Cr as on Dec 31, 2025.

What are the top stock holdings of HDFC Innovation Fund?

The HDFC Innovation Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Eternal Ltd.	9.61%
Bajaj Finance Ltd.	5.18%
PB Fintech Ltd.	4.96%
Mahindra & Mahindra Ltd.	4.64%
Divi's Laboratories Ltd.	4.1%
Bharat Electronics Ltd.	3.73%
Reliance Industries Ltd.	3.65%
Info Edge (India) Ltd.	3.47%
Navin Fluorine International Ltd.	2.74%
Sun Pharmaceutical Industries Ltd.	2.7%

What are the top sectors HDFC Innovation Fund has invested in?

The HDFC Innovation Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Services	20.28%
Healthcare	19.93%
Capital Goods	15.23%
Automobile	9.4%
Energy	8.870000000000001%
Technology	6.660000000000001%
Chemicals	6.200000000000001%
Financial	5.279999999999999%
Consumer Staples	4.17%
Consumer Discretionary	2.66%

What is risk level of HDFC Innovation Fund?

This is a Thematic fund comes with Very High risk.

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

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

How can I redeem my investments in HDFC Innovation Fund?

Redeeming your investments in the HDFC Innovation Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

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