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HDFC INNOVATION FUND - IDCW - DIRECT PLAN
★★★★★ TopFund est.
TopFund Score (fallback rating)
- Calculated by: TopFund — used only when no third-party rating exists for this fund
- Formula: 3-year trailing return percentile within category, adjusted ±1 star for expense ratio
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: A simplified 2-factor estimate, not equivalent to a rating agency's full analysis
TopFund Score: 75/100 · Good
How this score is calculated
- Star rating (35%)4/5
- 3Y CAGR (30%)—
- Expense ratio (20%)0.98%
- AUM (15%)₹2,970 Cr
Not investment advice — an analytical read of public fund data. Methodology →
HDFC Mutual Fund · Equity · Thematic
₹12.15
AUM: ₹2,970 Cr
NAV updated 28 days ago
Plan
Direct
Option
Idcw
Risk
Very High
Expense Ratio
0.98%
Exit Load
Exit load of 1%, if redeemed within 1 month.
Fund Manager
Amit Sinha
Inception
Jul 2025
Benchmark
NIFTY 500 Total Return Index
Sharpe Ratio
0.88
Std Dev (1Y)
14.97%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+6.57%
3m
+13.64%
6m
+22.5%
1y
+22.33%
3y
—
5y
—
10y
—
since inception
+15.45%
TopFund's Take on HDFC INNOVATION FUND - IDCW - DIRECT PLAN
HDFC INNOVATION FUND - IDCW - DIRECT PLAN holds up reasonably well within the Thematic category, backed by a 4-star rating. Recent 1-year performance has been notably strong, though momentum like this doesn't always hold over longer periods. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 75/100.
Cost: At 0.98%, the expense ratio is roughly in line with the Thematic category average of 0.99% — cost isn't a standout factor either way for this fund.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a moderate Sharpe ratio of 0.88 — decent risk-adjusted performance, without being exceptional. Separately, annualised volatility of 14.97% is fairly typical for Thematic funds.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Equity fund. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about HDFC INNOVATION FUND - IDCW - DIRECT PLAN
The current NAV (Net Asset Value) of HDFC INNOVATION FUND - IDCW - DIRECT PLAN is ₹12.15. NAV is updated every business day after market close by AMFI.
1Y: 22.33%
The expense ratio of HDFC INNOVATION FUND - IDCW - DIRECT PLAN is 0.98% per annum. This is the annual fee charged by the fund to manage your investment.
HDFC INNOVATION FUND - IDCW - DIRECT PLAN is managed by Amit Sinha at HDFC Mutual Fund.
HDFC INNOVATION FUND - IDCW - DIRECT PLAN is classified as a Very High risk fund. It is suitable for aggressive investors with a long-term horizon of 5+ years.
HDFC INNOVATION FUND - IDCW - DIRECT PLAN is a Thematic fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in HDFC INNOVATION FUND - IDCW - DIRECT PLAN with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of HDFC INNOVATION FUND - IDCW - DIRECT PLAN is ₹2,970 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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