HDFC Innovation Fund

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

The HDFC Innovation Fund has an expense ratio of 1.96% , 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 Dec 04, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹10.339-0.09% 1 day change	3.28%	App exclusive #NA View Ranked Funds	₹2,730 Cr

Historical NAV & returns

NAV: ₹10.339 as on Dec 04, 2025

This fund Category average

HDFC Innovation Fund overview

AUM (Fund size)	₹2,730 Cr
Exit load	0%
Lock-in Period	Nil
Age	5 m since Jun 27, 2025
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.96% as on Nov 30, 2025
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 Dec 01, 2025

Period	This fund	Category average
1 Month	-0.58%	0.17%
3 Months	3.31%	0.27%

Asset allocationas on Oct 31, 2025

Large Cap 54.73%

Mid Cap 26.96%

Small Cap 13.76%

Other Cap 0%

Top holdings

Eternal Ltd.9.18%

Bajaj Finance Ltd.5.42%

PB Fintech Ltd.4.81%

Divi's Laboratories Ltd.4.28%

Top sectors

Healthcare 19.969999999999995%

Services 19.85%

Capital Goods 15.98%

Automobile 8.08%

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 3.96%

Net Current Assets 0.59%

Other Holdings

Others 0.59%

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Innovation Fund	-0.58%	N.A.	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	-1.07%	5.97%	4.19%	23.98%	25.99%	13.64%
ICICI Prudential Exports and Services Fund	0.8%	4.98%	7.22%	18.69%	21.64%	13.74%
Sundaram Services Fund	-0.43%	6.02%	8.71%	17.29%	21.7%	13.7%
ICICI Prudential Commodities Fund	-3.44%	7.31%	6.2%	15.34%	25.9%	15.75%
UTI Transportation and Logistics Fund	1.5%	17.8%	15.98%	24.81%	23.43%	13.06%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Innovation Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	15.9	1.05	1.05	1.49
ICICI Prudential Exports and Services Fund	11.11	0.81	1.08	2.19
Sundaram Services Fund	12.45	0.88	0.86	1.42
ICICI Prudential Commodities Fund	14.68	0.96	0.69	1.11
UTI Transportation and Logistics Fund	15.88	0.89	1.05	1.34

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Innovation Fund	N.A.	2,730 Cr	5 m	1.96%
ICICI Prudential Manufacturing Fund	N.A.	6,715 Cr	7 yrs 2 m	1.82%
ICICI Prudential Exports and Services Fund	N.A.	1,421 Cr	20 yrs 2 m	2.26%
Sundaram Services Fund	N.A.	4,674 Cr	7 yrs 3 m	1.86%
ICICI Prudential Commodities Fund	N.A.	3,189 Cr	6 yrs 2 m	1.98%
UTI Transportation and Logistics Fund	N.A.	4,008 Cr	20 yrs 4 m	1.9%

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 5 m, having been launched on 27/06/2025. HDFC Innovation Fund has ₹2,730 Crores worth of assets under management (AUM) as on 31/10/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Innovation Fund as of 04/12/2025 is ₹10.34. The fund has an expense ratio of 1.96%, which is higher than what most other Thematic funds charge.

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

...

Fund AUM	2,730 Cr as on Oct 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	8,93,028 Cr as on Sep 30, 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.	2,586 Cr	-0.25%	29.77%
HDFC Mid Cap Fund	N.A.	89,383 Cr	7.6%	26.43%
HDFC Small Cap Fund	N.A.	38,412 Cr	-1.11%	26.37%
HDFC Focused Fund	N.A.	25,140 Cr	8.48%	25.91%
HDFC Flexi Cap Fund	N.A.	91,041 Cr	9.08%	25.16%
HDFC ELSS Tax Saver Fund	N.A.	17,194 Cr	7.58%	23.17%

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 ₹10.339 as of Dec 04, 2025.

How much does this mutual fund charge as expense ratio?

The HDFC Innovation Fund has an expense ratio of 1.96%, 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 2,730 Cr as on Oct 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.	9.18%
Bajaj Finance Ltd.	5.42%
PB Fintech Ltd.	4.81%
Divi's Laboratories Ltd.	4.28%
Bharat Electronics Ltd.	3.95%
Info Edge (India) Ltd.	3.56%
Reliance Industries Ltd.	3.43%
Mahindra & Mahindra Ltd.	3.36%
Hindustan Aeronautics Ltd.	2.74%
Sun Pharmaceutical Industries Ltd.	2.64%

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
Healthcare	19.969999999999995%
Services	19.85%
Capital Goods	15.98%
Automobile	8.08%
Energy	7.430000000000001%
Chemicals	6.13%
Financial	5.42%
Technology	5.4%
Consumer Staples	4.1000000000000005%
Consumer Discretionary	2.6100000000000003%

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.

ET Money rank

App exclusive

in Thematic

#NA

Return Outperformance: This fund has generated highest return amongst Thematic funds in the last 3 Months .
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.