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ICICI Prudential Innovation Fund - Growth
★★★★★ 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: 74/100 · Good
How this score is calculated
- Star rating (35%)3/5
- 3Y CAGR (30%)18.9%
- Expense ratio (20%)1.24%
- AUM (15%)₹7,844 Cr
Not investment advice — an analytical read of public fund data. Methodology →
ICICI Prudential Mutual Fund · Equity · Thematic
₹20.25
AUM: ₹7,843 Cr
NAV updated 19 days ago
Plan
Direct
Option
Growth
Risk
Very High
Expense Ratio
1.24%
Exit Load
Exit load of 1%, if redeemed within 1 month.
Fund Manager
Vaibhav Dusad
Inception
Apr 2023
Benchmark
NIFTY 500 Total Return Index
Sharpe Ratio
0.03
Std Dev (1Y)
13.06%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-1.32%
3m
+7.48%
6m
+9.88%
1y
+6.02%
3y
+18.9%
5y
—
10y
—
since inception
+21.87%
TopFund's Take on ICICI Prudential Innovation Fund - Growth
ICICI Prudential Innovation Fund - Growth holds up reasonably well within the Thematic category, currently carrying a 3-star rating. It has delivered steady, if unspectacular, returns over a full market cycle. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 74/100.
Cost: At 1.24%, the expense ratio runs 25% above the Thematic category average of 0.99%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a modest Sharpe ratio of 0.03 — returns have only marginally compensated for the risk taken. Separately, annualised volatility of 13.06% 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 ICICI Prudential Innovation Fund - Growth
The current NAV (Net Asset Value) of ICICI Prudential Innovation Fund - Growth is ₹20.25. NAV is updated every business day after market close by AMFI.
1Y: 6.02% · 3Y CAGR: 18.9%
The expense ratio of ICICI Prudential Innovation Fund - Growth is 1.24% per annum. This is the annual fee charged by the fund to manage your investment.
ICICI Prudential Innovation Fund - Growth is managed by Vaibhav Dusad at ICICI Prudential Mutual Fund.
ICICI Prudential Innovation Fund - Growth is classified as a Very High risk fund. It is suitable for aggressive investors with a long-term horizon of 5+ years.
ICICI Prudential Innovation Fund - Growth is a Thematic fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in ICICI Prudential Innovation Fund - Growth 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 ICICI Prudential Innovation Fund - Growth is ₹7,844 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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