ICICI Prudential Innovation Fund

Q: What are the returns of this mutual fund scheme?

The ICICI Prudential Innovation Fund is a 2 yrs 6 m old fund and has delivered average annual returns of 29.78% since inception. ICICI Prudential Innovation Fund Returns 1-Year Since Inception 9.72% 29.78%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹19.12+0.21% 1 day change	29.78% p.a.	App exclusive #NA View Ranked Funds	₹7,133 Cr

Historical NAV & returns

NAV: ₹19.12 as on Oct 20, 2025

This fund Category average

ICICI Prudential Innovation Fund overview

AUM (Fund size)	₹7,133 Cr
Exit load	1.0% Exit load of 1%, if redeemed within 12 months.!
Lock-in Period	Nil
Age	2 yrs 6 m since Apr 10, 2023
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.8% as on Sep 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%

ICICI Prudential 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 Oct 17, 2025

Period	This fund	Category average
1 Month	2.62%	1.43%
3 Months	5.27%	4.29%
6 Months	11.9%	13.8%
1 Year	9.72%	6.42%
2 Years	28.9%	21.92%

View returns in detail

Asset allocationas on Sep 30, 2025

Large Cap 60.74%

Mid Cap 18.45%

Small Cap 18.8%

Other Cap 0%

Top holdings

ICICI Bank Ltd.4.98%

Bharti Airtel Ltd. - (Partly Paid up Equity Shares (Rights Issue))4.65%

Infosys Ltd.4.23%

Reliance Industries Ltd.3.38%

Top sectors

Healthcare 13.55%

Automobile 13.519999999999996%

Financial 12.21%

Technology 11.93%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Reserve Bank of India 0.7%

Allocation by Instruments

Repo 3.44493741%

Foreign - Equity 2.7614212399999998%

Cash Margin 0.7316503%

Treasury Bills 0.69800195%

Other Holdings

Others 3.44%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
ICICI Prudential Innovation Fund	2.62%	11.9%	9.72%	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	0.59%	14.44%	7.1%	26.37%	29.79%	13.64%
ICICI Prudential Exports and Services Fund	2.69%	8.01%	6.63%	20.43%	24.09%	13.34%
Sundaram Services Fund	3.41%	10.44%	11.27%	18.83%	24.91%	13.72%
ICICI Prudential Commodities Fund	-0.09%	12.73%	12.0%	20.23%	31.64%	15.83%
UTI Transportation and Logistics Fund	0.6%	24.26%	15.81%	24.93%	27.35%	12.73%

Fund name	Std. deviation	Beta	Sharpe	Sortino
ICICI Prudential Innovation Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	15.94	1.07	1.17	1.62
ICICI Prudential Exports and Services Fund	11.21	0.82	1.13	2.32
Sundaram Services Fund	12.43	0.87	0.89	1.47
ICICI Prudential Commodities Fund	14.96	0.98	0.9	1.42
UTI Transportation and Logistics Fund	15.96	0.88	1.06	1.42

Fund name	ETM Rank	AUM	Fund age	Expense ratio
ICICI Prudential Innovation Fund	N.A.	7,133 Cr	2 yrs 6 m	1.8%
ICICI Prudential Manufacturing Fund	N.A.	6,608 Cr	7 yrs 1 m	1.82%
ICICI Prudential Exports and Services Fund	N.A.	1,374 Cr	20 yrs	2.27%
Sundaram Services Fund	N.A.	4,426 Cr	7 yrs 1 m	1.86%
ICICI Prudential Commodities Fund	N.A.	3,059 Cr	6 yrs 1 m	1.98%
UTI Transportation and Logistics Fund	N.A.	3,968 Cr	20 yrs 2 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 ICICI Prudential Innovation Fund in detail with

About this fund

About ICICI Prudential Innovation Fund

ICICI Prudential Innovation Fund is a Thematic mutual fund scheme from Icici Prudential Mutual Fund. This fund has been in existence for 2 yrs 6 m, having been launched on 10/04/2023. ICICI Prudential Innovation Fund has ₹7,133 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of ICICI Prudential Innovation Fund as of 20/10/2025 is ₹19.12. The fund has an expense ratio of 1.8%, which is higher than what most other Thematic funds charge.

ICICI Prudential Innovation Fund returns of last 1-year are 4.85%. Since launch, it has delivered 29.84% average annual returns.
The fund has the majority of its money invested in Healthcare, Automobile, Financial, Technology, Services sectors. It has taken less exposure in Healthcare, Automobile sectors compared to other funds in the category.
The fund's top 5 holdings are in ICICI Bank Ltd., Bharti Airtel Ltd. - (Partly Paid up Equity Shares (Rights Issue)), Infosys Ltd., Reliance Industries Ltd., Axis Bank Ltd..

...

Fund AUM	7,133 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Vaibhav Dusad

Mr. Dusad has done B.Tech, M.Tech and MBA Prior to joining ICICI Prudential AMC Ltd, he has worked with Morgan Stanley, HSBC Global Banking and Markets, CRISIL, Zinnov Mangement Consulting and Citibank Singapore.

Investment objective

The scheme seeks to generate long term capital appreciation by predominantly investing in equity & equity related securities of companies and units of global mutual funds/ETFs that can benefit from innovation strategies and theme.

ICICI Prudential Mutual Fund details

No. of schemes	103 view all schemes
Total AUM	10,60,747 Cr as on Sep 30, 2025
Address	One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai, 400051

More funds from ICICI Prudential Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
ICICI Prudential Infrastructure Fund	N.A.	7,863 Cr	7.36%	37.42%
ICICI Prudential BHARAT 22 FOF Scheme	N.A.	2,354 Cr	3.93%	35.65%
ICICI Prudential India Opportunities Fund	N.A.	30,802 Cr	8.97%	32.63%
ICICI Prudential Commodities Fund	N.A.	3,059 Cr	12.0%	31.64%
ICICI Prudential Dividend Yield Equity Fund	N.A.	5,936 Cr	7.93%	29.89%
ICICI Prudential Manufacturing Fund	N.A.	6,608 Cr	7.1%	29.79%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of ICICI Prudential Innovation Fund?

The current Net Asset Value (NAV) of the ICICI Prudential Innovation Fund plan is approximately ₹19.12 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The ICICI Prudential Innovation Fund is a 2 yrs 6 m old fund and has delivered average annual returns of 29.78% since inception.

ICICI Prudential Innovation Fund Returns

1-Year	Since Inception
9.72%	29.78%

How much does this mutual fund charge as expense ratio?

The ICICI Prudential Innovation Fund has an expense ratio of 1.8%, 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 ICICI Prudential Innovation Fund currently has assets under management (AUM) or fund size valued at approximately 7,133 Cr as on Sep 30, 2025.

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

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

Company	Percentage of Portfolio
ICICI Bank Ltd.	4.98%
Bharti Airtel Ltd. - (Partly Paid up Equity Shares (Rights Issue))	4.65%
Infosys Ltd.	4.23%
Reliance Industries Ltd.	3.38%
Axis Bank Ltd.	3.24%
Info Edge (India) Ltd.	3.08%
Maruti Suzuki India Ltd.	3.0%
Sun Pharmaceutical Industries Ltd.	2.97%
Pidilite Industries Ltd.	2.81%
Mahindra & Mahindra Ltd.	2.72%

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

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

Sector	Percentage of Portfolio
Healthcare	13.55%
Automobile	13.519999999999996%
Financial	12.21%
Technology	11.93%
Services	9.100000000000001%
Capital Goods	7.02%
Energy	5.57%
Communication	4.65%
Insurance	3.93%
Construction	3.6100000000000003%

What is risk level of ICICI Prudential 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 ICICI Prudential Innovation Fund?

Redeeming your investments in the ICICI Prudential 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 2 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1%, if redeemed within 12 months.