ICICI Pru Innovation Fund
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.
Growthvine rating: 4/5 — ranked #18 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹19.84 (as of 2026-08-21) |
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| AUM | ₹7,844 Cr |
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| Expense ratio | 1.53% |
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| Riskometer | Very High |
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| Fund manager | Vaibhav Dusad |
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| Exit load | 1% for redemption within 1 month |
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Performance & risk
| Sharpe ratio | 0.85 |
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| Standard deviation | 14.95% |
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| Max drawdown | -16.91% |
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| Alpha | 6.34 |
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| Beta | 0.94 |
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Over 5 years, captured 80.1% of Nifty India Digital's upside and 37.0% of its downside.
Market cap allocation
| Large cap | 39.0% |
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| Mid cap | 28.7% |
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| Small cap | 32.3% |
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Concentration
| Top 5 holdings | 19.6% |
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| Top 10 holdings | 32.1% |
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| Total holdings | 73 |
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Top holdings
- Maruti Suzuki India Ltd. — 5.4%
- ICICI Bank Ltd. — 5.0%
- Eternal Limited — 3.6%
- AXIS Bank Ltd. — 2.8%
- Bharti Hexacom Limited — 2.8%
- Computer Age Management Services Limited — 2.6%
- Sagility Limited — 2.6%
- 360 ONE WAM LIMITED — 2.6%
- TREPS — 2.6%
- TVS Motor Company Ltd. — 2.5%
Top sectors
- Banking & Financial — 15.1%
- Automobile — 13.5%
- Software & Services — 12.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 3.0% | Q3 | #90 of 167 |
| 2025 | 10.8% | Q1 (Top) | #19 of 132 |
| 2024 | 28.5% | Q1 (Top) | #9 of 86 |