Q: What are the returns of ICICI Prudential Innovation Fund?

The ICICI Prudential Innovation Fund is a 2 yrs 3 m old fund and has delivered average annual returns of 32.73% since inception. ICICI Prudential Innovation Fund Returns 1-Year Since Inception 6.61% 32.73%

Question 1

What is the current NAV of ICICI Prudential Innovation Fund?

Accepted Answer

The current Net Asset Value (NAV) of the ICICI Prudential Innovation Fund - Direct Growth plan is approximately ₹18.88 as of Jul 21, 2025.

Question 2

What are the returns of ICICI Prudential Innovation Fund?

Accepted Answer

The ICICI Prudential Innovation Fund is a 2 yrs 3 m old fund and has delivered average annual returns of 32.73% since inception.

ICICI Prudential Innovation Fund Returns

1-Year	Since Inception
6.61%	32.73%

Question 3

How much does ICICI Prudential Innovation Fund charge as the expense ratio?

Accepted Answer

The ICICI Prudential Innovation Fund - Direct Growth has an expense ratio of 0.69%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

Question 4

What is the AUM or size of ICICI Prudential Innovation Fund?

Accepted Answer

The ICICI Prudential Innovation Fund currently has assets under management (AUM) or fund size valued at approximately ₹6,581 Crs crore as of Jun 30, 2025.

Question 5

What are the top stock holdings of ICICI Prudential Innovation Fund?

Accepted Answer

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

Company	Percentage of Portfolio
Reliance Industries Ltd.	4.7%
Pidilite Industries Ltd.	3.95%
Axis Bank Ltd.	3.64%
Maruti Suzuki India Ltd.	3.2%
Bharti Airtel Ltd.	3.19%
Lupin Ltd.	3.0%
Mahindra & Mahindra Ltd.	2.87%
Bharti Airtel Ltd. - (Partly Paid up Equity Shares (Rights Issue))	2.83%
Infosys Ltd.	2.65%
Larsen & Toubro Ltd.	2.57%

Question 6

What are the top sectors ICICI Prudential Innovation Fund has invested in?

Accepted Answer

The ICICI Prudential Innovation Fund has primarily invested in the following sectors

Company	Percentage of Portfolio
Reliance Industries Ltd.	4.7%
Pidilite Industries Ltd.	3.95%
Axis Bank Ltd.	3.64%
Maruti Suzuki India Ltd.	3.2%
Bharti Airtel Ltd.	3.19%
Lupin Ltd.	3.0%
Mahindra & Mahindra Ltd.	2.87%
Bharti Airtel Ltd. - (Partly Paid up Equity Shares (Rights Issue))	2.83%
Infosys Ltd.	2.65%
Larsen & Toubro Ltd.	2.57%

Question 7

What is the risk level of ICICI Prudential Innovation Fund?

Accepted Answer

This is a Thematic fund comes with Very High risk.

Question 8

Is there any lock-in period in ICICI Prudential Innovation Fund?

Accepted Answer

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

Question 9

How do I invest in ICICI Prudential Innovation Fund?

Accepted Answer

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 ICICI Prudential 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 ICICI Prudential Innovation Fund is complete.

Question 10

How can I redeem my investments in ICICI Prudential Innovation Fund?

Accepted Answer

Redeeming your investments in ICICI Prudential 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 ICICI Prudential Innovation Fund from anywhere else, you can go to the fund house website and put a request through it.

Expense ratio	0.69% as on May 31, 2025
Exit load	1.0% Exit load of 1%, if redeemed within 12 months.!
AUM (Fund size)	₹6,581 Cr
Lock-in Period	Nil
Age	2 yrs 3 m since Apr 10, 2023
Benchmark	NIFTY 500 TRI
Min. investment	This scheme is currently not buyable
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%

Period	This fund	Category average
1 Month	-0.32%	1.32%
3 Months	6.97%	9.63%
6 Months	9.7%	9.53%
1 Year	6.61%	2.5%
2 Years	28.92%	23.24%

Fund name	ETM Rank	AUM	Fund age	Expense ratio
ICICI Prudential Innovation Fund	N.A.	6,581 Cr	2 yrs 3 m	0.69%
ICICI Prudential Manufacturing Fund	N.A.	6,231 Cr	6 yrs 10 m	0.73%
Sundaram Services Fund	N.A.	4,161 Cr	6 yrs 10 m	0.75%
ICICI Prudential Exports and Services Fund	N.A.	1,362 Cr	12 yrs 6 m	1.69%
ICICI Prudential Commodities Fund	N.A.	2,620 Cr	5 yrs 9 m	0.99%
UTI Transportation and Logistics Fund	N.A.	3,447 Cr	12 yrs 6 m	0.84%

Fund name	1M	6M	1Y	3Y	5Y	10Y
ICICI Prudential Innovation Fund	-0.32%	9.7%	6.61%	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	1.86%	12.94%	1.43%	28.84%	30.82%	14.31%
Sundaram Services Fund	-1.14%	13.43%	14.86%	22.48%	27.43%	14.37%
ICICI Prudential Exports and Services Fund	-0.55%	10.02%	7.74%	23.14%	25.62%	14.24%
ICICI Prudential Commodities Fund	2.46%	14.16%	3.95%	24.22%	36.21%	16.55%
UTI Transportation and Logistics Fund	1.22%	12.96%	-0.84%	22.84%	28.35%	12.95%

Fund name	Std. deviation	Beta	Sharpe	Sortino
ICICI Prudential Innovation Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	16.47	1.08	1.37	1.91
Sundaram Services Fund	13.01	0.86	1.36	2.36
ICICI Prudential Exports and Services Fund	11.17	0.75	1.52	2.66
ICICI Prudential Commodities Fund	15.81	1.0	1.18	1.9
UTI Transportation and Logistics Fund	16.49	1.04	1.1	1.57

ICICI Prudential Innovation Fund Direct - Growth

Historical NAV & returns

ICICI Prudential Innovation Fund overview

ICICI Prudential Innovation Fund Returns calculator

Trailing returns as on Jun 01, 2025

Asset allocationas on Apr 30, 2025

Peer comparison

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

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About this fund

About ICICI Prudential Innovation Fund

Fund managers

Investment objective

ICICI Prudential Mutual Fund details

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Frequently asked questions

ICICI Prudential Innovation Fund Returns

ET Money rank

Fund AUM	6,581 Cr as on Apr 30, 2025
Scheme document	View Scheme Document

No. of schemes	97 view all schemes
Total AUM	9,83,726 Cr as on Jun 30, 2025
Address	One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai, 400051

Fund name	ETM Rank	AUM	1Y	5Y
ICICI Prudential Infrastructure Fund	N.A.	7,416 Cr	4.66%	37.93%
ICICI Prudential Commodities Fund	N.A.	2,620 Cr	3.95%	36.21%
ICICI Prudential Smallcap Fund	N.A.	7,605 Cr	2.69%	33.56%
ICICI Prudential India Opportunities Fund	N.A.	27,197 Cr	8.69%	32.76%
ICICI Prudential BHARAT 22 FOF Scheme	N.A.	2,271 Cr	-5.96%	32.46%
ICICI Prudential Dividend Yield Equity Fund	N.A.	5,231 Cr	4.94%	30.93%

Sector	Percentage of Portfolio
Financial	14.86%
Automobile	11.940000000000001%
Energy	11.31%
Healthcare	10.7%
Services	9.809999999999999%
Technology	8.010000000000002%
Capital Goods	7.08%
Communication	6.02%
Consumer Staples	5.5600000000000005%
Chemicals	5.050000000000001%