UTI Innovation Fund
The scheme seeks to provide medium to long-term capital appreciation through investment primarily in growth and innovation-oriented equity and equity-related instruments.
Growthvine rating: 2/5 — ranked #108 of 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹10.76 (as of 2026-10-01) |
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| AUM | ₹837 Cr |
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| Expense ratio | 1.99% |
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| Riskometer | Very High |
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| Fund manager | Nitin Jain |
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| Exit load | 1% for redemption within 12 months |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −32.94% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 81.6% of Nifty India Digital's upside and 98.8% of its downside.
Market cap allocation
| Large cap | 13.5% |
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| Mid cap | 35.4% |
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| Small cap | 51.1% |
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Concentration
| Top 5 holdings | 35.7% |
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| Top 10 holdings | 55.6% |
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| Total holdings | 32 |
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Top holdings
- Eternal Limited — 9.5%
- Info Edge(India) Ltd. — 9.0%
- One 97 Communications Limited — 6.2%
- FSN E-Commerce Ventures Limited — 5.7%
- AFFLE 3I LIMITED — 5.5%
- RateGain Travel Technologies Limited — 4.5%
- ACUTAAS CHEMICALS LIMITED — 4.3%
- PB Fintech Limited — 4.2%
- GRAVITA INDIA LIMITED — 3.5%
- Nazara Technologies Limited — 3.3%
Top sectors
- Retail — 29.1%
- Software & Services — 23.4%
- Technology — 10.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −6.3% | Q3 | #111 of 167 |
| 2025 | −7.8% | Q4 (Bottom) | #126 of 132 |
| 2024 | 18.4% | Q3 | #56 of 86 |