ICICI Prudential Innovation Fund - IDCW
NAV as of Jul 01, 2024
17.270.58%
(Earn upto 1.17% Extra Returns with Direct Plan)
Fund Category:
Equity: Thematic
Expense Ratio:
1.85%(1.53% Category
average)Fund Size:
Rs. 5,190.52 Cr(3.93% of Investment in Category)
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ICICI Prudential Innovation Fund - IDCW
NAV as of Jul 01, 2024
17.270.58%
Expense Ratio:
1.85%
Fund Size:
Rs. 5,190.52 Cr
Fund Category:
Equity: Thematic
1. Current NAV: The Current Net Asset Value of the ICICI Prudential Innovation Fund as of Jul 01, 2024 is Rs 17.27 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 57.52% (1yr) and 58.57% (since launch). Whereas, Category returns for the same time duration are: 46.59% (1yr), 21.53% (3yr) and 21.1% (5yr).
3. Fund Size: The ICICI Prudential Innovation Fund currently holds Assets under Management worth of Rs 5190.52 crore as on May 31, 2024.
4. Expense ratio: The expense ratio of the fund is 1.86% for Regular plan as on May 31, 2024.
5. Exit Load: ICICI Prudential Innovation Fund shall attract an Exit Load, "Exit load of 1%, if redeemed within 12 months."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
ICICI Prudential Innovation Fund - IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 7.40 13.92 27.36 58.04 - - Category Avg 8.16 14.31 22.53 47.23 21.71 21.29 Rank within Category 60 41 21 16 - - No. of funds within Category 91 84 77 62 28 19 - Loading...
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Return Comparison
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ICICI Prudential Innovation Fund - IDCW Fund Details
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.
Fund House | ICICI Prudential Mutual Fund |
Launch Date | Apr 27, 2023 |
Benchmark | NIFTY 500 Total Return Index |
Return Since Launch | 58.84% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
ICICI Prudential Innovation Fund - IDCW Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load Exit load of 1%, if redeemed within 12 months. |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | JAN 2024 | DEC 2023 | |
---|---|---|---|---|---|---|
Number of Holdings | 75 | 71 | 73 | 71 | 74 | 75 |
Top 5 Company Holdings | 16.07% | 17.01% | 16.97% | 16.33% | 16.32% | 15.87% |
Top 10 Company Holdings | 27.89% | 29.55% | 30.49% | 29.19% | 29.16% | 28.83% |
Company with Highest Exposure | Maruti Suzuki India (3.8%) | Maruti Suzuki India (3.81%) | Maruti Suzuki India (3.69%) | Sun Pharmaceutical Industries (3.54%) | ICICI Bank (3.47%) | ICICI Bank (3.65%) |
Number of Sectors | 16 | 16 | 17 | 17 | 16 | 16 |
Top 3 Sector Holdings | 42.79% | 46.83% | 44.23% | 43.86% | 44.2% | 45.61% |
Top 5 Sector Holdings | 61.22% | 66.23% | 65.0% | 62.05% | 61.77% | 64.46% |
Sector with Highest Exposure | Capital Goods (15.85%) | Capital Goods (17.68%) | Healthcare (17.51%) | Healthcare (17.74%) | Healthcare (18.23%) | Healthcare (18.09%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Maruti Suzuki India Automobile 3.8 28.15 427.75 33.06 Sun Pharmaceutical Industries Healthcare 3.57 38.18 39.91 53.14 Siemens Capital Goods 3.09 118.55 65.56 87.92 HDFC Life Insurance Insurance 2.85 - - - ICICI Bank Financial 2.76 18.45 64.53 19.58 Microsoft Corportion (US) Technology 2.71 - - - Bharti Airtel Communication 2.36 114.92 12.35 71.00 Hitachi Energy India Capital Goods 2.28 - - - Reliance Industries Energy 2.24 30.42 102.90 18.45 Cummins India Capital Goods 2.23 63.47 62.02 102.30
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y ICICI Prudential Innovation Fund - IDCW 17.27 Unrated 5,190.52 7.40 58.04 - - Quant Business Cycle Fund Regular-IDCW 17.35 Unrated 1,276.85 6.77 65.41 - - Canara Robeco Manufacturing Fund Regular - IDCW 12.57 Unrated 1,374.49 10.24 - - - Edelweiss Recently Listed IPO Fund Regular-IDCW 26.18 Unrated 890.55 10.82 40.35 15.38 23.49 Baroda BNP Paribas Business Cycle Fund Regular - IDCW 15.92 Unrated 527.46 7.79 46.41 - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
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Fund Manager
- A.T.Anish TawakleySince Apr 20234 schemes
- V.D.Vaibhav DusadSince Apr 20233 schemes
Mr. Tawakley has done PGDM (MBA) from IIM Bangalore and B. Tech (Mechanical Engineering) from IIT Delhi Prior joining to ICICI AMC he has worked with Barclays India - Equity Research, Credit Suisse India - Equity research - Indian financial services sector,
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y ICICI Prudential Bluechip Fund-IDCW Large Cap 33.21 55,459.29 38.85 ICICI Prudential Smallcap Fund-IDCW Small Cap 39.56 7,795.29 43.23 ICICI Prudential Business Cycle Fund-IDCW Thematic 19.10 Unrated 9,663.24 47.49 ICICI Prudential Manufacturing Fund-IDCW Thematic 25.02 Unrated 4,841.52 70.31 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y ICICI Prudential Bluechip Fund-IDCW Large Cap 33.21 55,459.29 38.85 ICICI Prudential Focused Equity Fund-IDCW Flexi Cap 29.02 8,139.49 46.18 ICICI Prudential Technology Fund-IDCW Sectoral-Technology 70.02 Unrated 11,751.34 33.26
More ICICI Prudential Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
ICICI Prudential Balanced Advantage-Growth | 55,229.33 | 1.96 | 5.57 | 10.40 | 21.77 | 12.60 | |
ICICI Prudential Liquid Fund-Growth | 52,980.27 | 0.59 | 1.83 | 3.55 | 7.19 | 5.27 | |
ICICI Prudential Bluechip Fund-Growth | 51,554.28 | 3.12 | 11.09 | 19.32 | 41.24 | 19.66 | |
ICICI Prudential Value Discovery Fund-Growth | 40,653.33 | 2.55 | 11.81 | 19.85 | 42.94 | 25.91 | |
ICICI Prudential Multi Asset Fund-Growth | 34,644.31 | 2.54 | 8.12 | 14.10 | 31.78 | 22.68 | |
ICICI Prudential Equity & Debt Fund -Growth | 32,429.17 | 3.00 | 10.98 | 18.43 | 38.67 | 24.11 | |
ICICI Prudential Corporate Bond Fund-Growth | 26,050.61 | 0.80 | 2.07 | 3.66 | 8.03 | 5.97 | |
ICICI Prudential Asset Allocator Fund (FOF) - Growth | 21,437.42 | 1.50 | 5.56 | 10.44 | 21.55 | 13.83 | |
ICICI Prudential Short Term Fund-Growth | 18,987.37 | 0.83 | 2.11 | 3.81 | 7.91 | 5.92 | |
ICICI Prudential Savings Fund-Growth | 17,854.70 | 0.77 | 1.92 | 3.56 | 7.85 | 5.68 |
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1. ICICI Prudential Innovation Fund is Open-ended Thematic Equity scheme which belongs to ICICI Prudential Mutual Fund House.
2. The fund was launched on Apr 27, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 94.01% in equities, 0.0% in debts and 5.99% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 27.89% of the assets, the top 3 sectors constitute around 42.79% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on ICICI Prudential Innovation Fund - IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about ICICI Prudential Innovation Fund - IDCW
- Is it safe to invest in ICICI Prudential Innovation Fund?As per SEBI’s latest guidelines to calculate risk grades, investment in the ICICI Prudential Innovation Fund comes under Very High risk category.
- What is the category of ICICI Prudential Innovation Fund?ICICI Prudential Innovation Fund belongs to the Equity : Thematic category of funds.
- How Long should I Invest in ICICI Prudential Innovation Fund?The suggested investment horizon of investing into ICICI Prudential Innovation Fund is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the ICICI Prudential Innovation Fund?The ICICI Prudential Innovation Fund is managed by Anish Tawakley (Since Apr 10, 2023) and Vaibhav Dusad (Since Apr 10, 2023).
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