Investment Objective and Approach

The scheme seeks 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. 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.

The fund follows a thematic investment approach focusing on companies that stand to benefit from innovation-driven growth strategies. The fund primarily invests in equity and equity-related securities, including global mutual funds and ETFs that align with the innovation theme. This approach allows investors to participate in the growth potential of companies at the forefront of technological advancement, disruptive business models, and transformative innovations across various sectors.

The fund maintains a diversified portfolio across sectors while maintaining its thematic focus on innovation. The fund has a majority of its money invested in the top 5 sectors such as Financial Services, Consumer Cyclical, Healthcare, Industrials, Technology Sectors.

Fund Managers

The fund is managed by a team of experienced professionals:

Anish Tawakley - With an overall work experience of more than two decades, Mr. Tawakley has gathered an expertise in capital markets and strategic consulting. Earlier, he was associated with major organizations such as Barclays, McKinsey, Bernstein, Credit Suisse in various leadership positions. He holds a Post Graduate Diploma in Management from the Indian Institute of Management, Bangalore. He is also a B.Tech. from the Indian Institute of Technology, Delhi.

Vaibhav Dusad - Mr Vaibhav has more than 14 years of experience in investing in Indian equity markets and tracking multiple sectors like IT Services, Internet, Telecom, Healthcare, Pharma, Textile, and Business Services. Prior to joining ICICI Prudential AMC Ltd. He has also worked with Morgan Stanley, HSBC Global Banking and Markets, CRISIL, Zinnov Management Consulting, and Citibank Singapore. Mr Vaibab Dusad has done B.Tech., M.Tech., and MBA.

Anish Tawakley, Vaibhav Dusad, Sharmila D'mello, with an extensive experience of 15 years while managing equity & related investments. He is focused on picking quality companies and holds them for a long duration to generate good compounding returns in their funds.

About the Fund House (AMC)

ICICI Prudential Asset Management Company Limited is one of India's leading mutual fund companies. ICICI Prudential Asset Management Company Ltd. is the leading AMC in the leading AMC in the country. The AMC is joint venture between ICICI Bank and Prudential Plc, one of the UK's largest players in the financial services sectors.

The fund house brings together the expertise of ICICI Bank's understanding of the Indian market and Prudential Plc's global investment management experience. This combination provides investors with access to world-class fund management capabilities backed by robust research and risk management frameworks.

ICICI Prudential AMC has built a strong reputation for delivering consistent performance across various fund categories and has been managing investor wealth for several decades. The AMC follows disciplined investment processes and maintains high standards of corporate governance.

Should I Invest in ICICI Prudential Innovation Fund?

Key Fund Metrics (as of August 2025):

- AUM: ₹9,87,232 Cr and the Latest NAV as of 22 Aug 2025 is ₹19.19

- Expense Ratio: 0.68 as of 1st August 2025

- Minimum SIP: ₹100 for the SIP (Systematic Investment Plan) option

- Minimum Lumpsum: ₹5,000 for the lump sum option

- Since Inception Return: 32.88% since inception

- Exit Load: 1%, if redeemed within 12 months

Investment Considerations:

Suitable For:

- Investors seeking exposure to innovation-driven growth companies

- Long-term wealth creation goals (5+ years)

- Investors comfortable with thematic investment approach

- Those looking to diversify beyond traditional equity categories

Risk Factors:

- The ICICI Prudential Innovation Fund Direct Growth is rated Very High risk.

- Thematic funds can be more volatile than diversified equity funds

- Performance depends heavily on the success of innovation theme

- Sector concentration risk in technology and related sectors

Tax Implications:

- If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.

The fund has shown strong performance since inception but being a thematic fund, it may experience higher volatility. Investors should consider this as part of their satellite allocation rather than core equity holding.

FAQs

What is today's NAV of ICICI Prudential Innovation Fund?

The Latest NAV as of 22 Aug 2025 is ₹19.19. NAV prices are updated daily and can be checked on the Allvest platform or AMC website for the most current value.

What is the AUM of ICICI Prudential Innovation Fund?

The AUM (i.e. assets under management) of ICICI Pru Innovation Fund is ₹7059.54 Cr as of 1st August 2025. The AUM indicates strong investor confidence and fund size.

What is the expense ratio of ICICI Prudential Innovation Fund?

The expense ratio of ICICI Pru Innovation Fund Plan is 0.68 as of 1st August 2025. This is competitive for a thematic equity fund in the direct plan category.

What are the returns of ICICI Prudential Innovation Fund since inception?

ICICI Prudential Innovation Fund Direct Growth has given a CAGR return of 32.88% since inception. The ICICI Pru Innovation Fund was launched on 28th April 2023.

What is the minimum SIP amount to invest in ICICI Prudential Innovation Fund?

The minimum investment required to start investing in ICICI Prudential Innovation Fund is ₹5,000 for the lump sum option and ₹100 for the SIP (Systematic Investment Plan) option.

How do I invest in ICICI Prudential Innovation Fund?

You can invest through Allvest platform by completing your KYC, selecting the fund, choosing investment amount, and selecting between SIP or lumpsum investment mode.

How to start a SIP in ICICI Prudential Innovation Fund?

Register with Allvest, complete your KYC verification, search for ICICI Prudential Innovation Fund, select SIP option, choose monthly amount (minimum ₹100), set SIP date, and complete the payment setup.

How do I automate an SIP in ICICI Prudential Innovation Fund?

To automate an SIP in ICICI Prudential Innovation Fund, use the Auto-Invest feature on Kotak Securities. This allows you to set up automatic investments, SIPs in mutual funds at regular intervals. Once configured, your chosen amount will be invested in the ICICI Prudential Innovation Fund automatically, ensuring consistent contributions without manual intervention.

How can I withdraw/redeem my investment in ICICI Prudential Innovation Fund?

Log into your Allvest account, navigate to your portfolio, select the fund, choose redeem option, specify amount or units, and submit the redemption request. Exit load of 1%, if redeemed within 12 months.