Tata India Innovation Fund
The scheme seeks to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme.
Growthvine rating: 3/5 — ranked #79 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹10.28 (as of 2026-08-21) |
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| AUM | ₹1,387 Cr |
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| Expense ratio | 1.83% |
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| Riskometer | Very High |
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| Fund manager | Hasmukh Vishariya |
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| Exit load | 0.5% for redemption within 30 days |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | -18.73% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 80.2% of Nifty India Digital's upside and 63.2% of its downside.
Market cap allocation
| Large cap | 49.7% |
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| Mid cap | 16.4% |
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| Small cap | 33.9% |
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Concentration
| Top 5 holdings | 18.3% |
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| Top 10 holdings | 32.5% |
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| Total holdings | 61 |
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Top holdings
- ICICI Bank Ltd. — 5.0%
- Reliance Industries Ltd — 3.5%
- Apollo Hospitals Enterprises Ltd. — 3.3%
- Bharti Airtel Ltd. — 3.2%
- Adani Ports and Special Economic Zone Ltd — 3.2%
- HDFC Bank Ltd. — 3.2%
- AXIS Bank Ltd. — 3.1%
- CASH / NET CURRENT ASSET — 2.8%
- Tech Mahindra Limited — 2.7%
- Eternal Limited — 2.7%
Top sectors
- Banking & Financial — 19.9%
- Automobile — 14.3%
- Healthcare — 12.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 3.9% | Q2 | #82 of 167 |
| 2025 | -1.9% | Q4 (Bottom) | #105 of 132 |