HDFC Innovation Fund
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.
Growthvine rating: 3/5 — ranked #93 of 186 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹10.87 (as of 2026-10-23) |
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| AUM | ₹3,152 Cr |
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| Expense ratio | 1.67% |
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| Riskometer | Very High |
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| Fund manager | Amit Sinha |
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| Exit load | 1% for redemption within 1 month |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −12.75% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 81.4% of Nifty India Digital's upside and 28.8% of its downside.
Market cap allocation
| Large cap | 47.5% |
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| Mid cap | 22.5% |
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| Small cap | 30.0% |
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Concentration
| Top 5 holdings | 22.9% |
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| Top 10 holdings | 36.1% |
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| Total holdings | 79 |
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Top holdings
- Eternal Limited — 9.2%
- TREPS - Tri-party Repo — 5.0%
- Bajaj Finance Limited — 4.0%
- Divis Laboratories Ltd. — 3.3%
- RUBICON RESEARCH LIMITED — 3.2%
- Bharat Electronics Ltd. — 3.1%
- Mahindra & Mahindra Ltd. — 3.1%
- Hindustan Aeronautics Limited — 2.7%
- Sun Pharmaceutical Industries Ltd. — 2.5%
- Lenskart Solutions Limited — 2.5%
Top sectors
- Pharma & Biotech — 16.5%
- Retail — 14.9%
- Automobile — 9.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 6.4% | Q1 (Top) | #13 of 167 |