ICICI Prudential Asset Management Co Ltd

ICICI Prudential Innovation Fund - Direct Plan - Growth

As on 23 Oct 2026

ICICI Prudential Innovation Fund - Direct Plan - Growth

Q: What kind of returns does ICICI Prudential Innovation Fund - Direct Plan - Growth provide?

ICICI Prudential Innovation Fund - Direct Plan - Growth aims to generate capital appreciation by investing mainly in public sector undertakings (PSUs). Historically, its returns have often shown moderate to high growth rate depending on market conditions. ICICI Prudential Innovation Fund - Direct Plan - Growth had a return of -5.47% over the past 1 year.

Q: How much expense ratio is charged by ICICI Prudential Innovation Fund - Direct Plan - Growth?

The expense ratio for ICICI Prudential Innovation Fund - Direct Plan - Growth, or any other mutual fund, is the yearly fee you pay for managing your investments. As of 23 Oct 2026, the expense ratio charged by ICICI Prudential Innovation Fund - Direct Plan - Growth is typically around 1.98 %. This fee covers fund management, administrative, and other operational costs. It is relatively low compared to actively managed funds, reflecting its direct growth option.

Q: What is the AUM of ICICI Prudential Innovation Fund - Direct Plan - Growth?

As of 23 Oct 2026, the Assets Under Management (AUM) of ICICI Prudential Innovation Fund - Direct Plan - Growth is approximately ₹7549.1188 crore. The AUM can fluctuate based on market conditions and investor activity. It indicates the total value of assets managed by the fund.

Q: What is the NAV of ICICI Prudential Innovation Fund - Direct Plan - Growth?

The Net Asset Value (NAV) of ICICI Prudential Innovation Fund - Direct Plan - Growth is updated daily and reflects the per-unit value of the fund's assets. As of 23 Oct 2026 , the NAV is around undefined per unit, but this value might change based on market performance and fund holdings.

Q: What is the PE and PB ratio of ICICI Prudential Innovation Fund - Direct Plan - Growth?

The PE ratio for ICICI Prudential Innovation Fund - Direct Plan - Growth is 46.72 and the PB ratio is 7.53. The PE ratio is calculated by dividing the market price by the earnings per share, whereas the PB ratio is calculated by dividing the stock price by the book value per share.

Q: What is the exit load of ICICI Prudential Innovation Fund - Direct Plan - Growth?

The exit load for ICICI Prudential Innovation Fund - Direct Plan - Growth is 0% if units are redeemed within 30 days from the date of investment. After this period, no exit load is applicable. This fee is charged to discourage short-term trading and ensure long-term investment.

Equity

NAV

₹ 18.68

CAGR (3 Years)

16.89%

AUM (Cr)

₹ 7,549.12

Risk

Moderate Risk

About ICICI Prudential Innovation Fund - Direct Plan - Growth

The Scheme is an open ended thematic fund. The objective of the Scheme is 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. However, the

Breakdown of this Fund

Aerospace & Defence

4.78%

Auto Ancillaries

4.39%

Automobile

17.83%

Banks

16.08%

Cables

0.51%

Capital Goods - Electrical Equipment

6.46%

Capital Goods-Non Electrical Equipment

5.17%

Castings, Forgings & Fasteners

1.28%

Castings, Forgings & Fastners

0.93%

Chemicals

1.11%

Co-Working

0.21%

Consumer Durables

4.91%

Crude Oil & Natural Gas

3.78%

Debt Others

5.63%

Derivatives - Index

2.76%

E-Commerce/App based Aggregator

16.32%

Education

2.73%

Electronics

0.29%

Finance

2.84%

Financial Services

6.29%

FMCG

3.50%

Healthcare

16.98%

Infrastructure Developers & Operators

2.46%

IT - Hardware

2.49%

IT - Software

22.51%

Logistics

3.19%

Packaging

0.52%

Pharmaceuticals

15.52%

Plastic products

1.42%

Power Generation & Distribution

2.32%

Preference n Warrants

0.03%

Quick Service Restaurant

3.14%

Retail

5.12%

Stock/ Commodity Brokers

6.44%

T Bills

1.28%

Telecom-Service

8.52%

Trading

0.29%

Market Capitalization

Expense Ratio, Exit Load and Tax

Expense Ratio

1.98

Exit Load

1% of the applicable NAV - If the amount sought to be redeemed or switched out i...

Stamp Duty

0.005% (from July 1st, 2020)

Tax Implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.