Analyst’s Choice
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
---|---|---|---|---|---|---|
ICICI Prudential Innovation Fund - Direct Plan
|
Very High
|
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0.66 |
|||
Very High
|
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0.57 |
||||
Very High
|
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0.39 |
||||
Very High
|
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0.73 |
||||
Very High
|
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0.67 |
₹6,069 Cr
1.00 (365)
5,000
--
100
6
Investment Strategy
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.
Suitability
This is a fund that invests mainly in companies that adhere to the narrow investment mandate mentioned in its investment objective.
We believe that investors should avoid funds that have a narrowly defined investment focus such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other thematic fund, if you need to redeem your investment in less than five years.
Capital Gains Taxation
Dividend Taxation
ICICI Prudential Innovation Fund - Direct Plan is a fund that invests mainly in companies that adhere to the narrow mandate mentioned in its investment objective.
Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Innovation Fund - Direct Plan fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of ICICI Prudential Innovation Fund - Direct Plan is ₹17.8600 as of 14-Aug-2024.
The AUM of ICICI Prudential Innovation Fund - Direct Plan Fund is ₹6,069 Cr as of 31-Jul-2024
The riskometer level of ICICI Prudential Innovation Fund - Direct Plan is Very High. See More
Company | Percentage of Portfolio |
---|---|
3.98
|
|
3.59
|
|
3.20
|
|
3.08
|
|
2.99
|
As of 31-Jul-2024, ICICI Prudential Innovation Fund - Direct Plan had invested 95.14% in Equity, 4.69% in Cash & Cash Eq. and 0.16% in Debt See More
ICICI Prudential Innovation Fund - Direct Plan is 1 years 3 months old. It has delivered 56.45% returns since inception. See More
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
---|---|---|---|---|---|
53.74%
|
--
|
--
|
--
|
--
|
56.45%
|
No, There is no lock in period in ICICI Prudential Innovation Fund - Direct Plan.
The expense ratio of ICICI Prudential Innovation Fund - Direct Plan is 0.66.