Key metrics
Further reading: Why large-cap funds show deeper drawdowns than small caps
Trailing returns
| Period | 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
|---|---|---|---|---|---|---|---|---|---|
| Return | -4.06% | -7.80% | -4.69% | -1.16% | -5.47% | 16.91% | – | – | – |
NAV history
About this fund
ICICI Prudential Innovation Fund is a sectoral/thematic equity fund offered by ICICI Prudential Mutual Fund, classified under Equity as Sectoral/Thematic - Innovation. Because it concentrates on one sector or theme, it typically shows larger price swings than diversified equity funds. Its latest NAV is ₹18.68, with assets under management of about ₹7,385 Cr (April - June 2026).
Further reading: How much does the category decide, and how much the fund?
Performance analysis
Over the trailing one year, ICICI Prudential Innovation Fund has recorded a return of about -5.5%, with a three-year return of 16.9%. Its annualised volatility is 12.2% — moderate fluctuations — and its Sharpe ratio is -0.99, a measure of return per unit of risk taken. The direct-plan base expense ratio is 0.67%, deducted daily from the NAV.
Further reading: Reading a fund page: what each number does and doesn't say
Rolling returns
| Window | Avg | Median | Min | Max | % Pos | % >12 |
|---|---|---|---|---|---|---|
| 1Y | 20.90 | 10.90 | -5.47 | 64.55 | 98% | 46% |
| 3Y | 20.78 | 21.01 | 16.91 | 24.09 | 100% | 100% |
Further reading: Why a single trailing return misleads, measured across 830 funds
Frequently asked questions
Compare with peers
Further reading: Every fund measured against the best performer in its own category
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| Union Innovation & Opportunities Fund Sectoral/Thematic - Innovation | -10.58 | -3.11 | 6.33 | 0.46 | 16.70 | – | – | 0.67 |
| Nippon India Innovation Fund Sectoral/Thematic - Innovation | -11.13 | -6.45 | -3.55 | -7.68 | 11.37 | – | – | 0.59 |
| UTI Innovation Fund Sectoral/Thematic - Innovation | -11.62 | -5.79 | 0.20 | -11.80 | 2.71 | – | – | 0.80 |
| Baroda BNP Paribas Innovation Fund Sectoral/Thematic - Innovation | -9.20 | -4.53 | -0.02 | 1.27 | – | – | – | 0.89 |
| BANDHAN INNOVATION FUND Sectoral/Thematic - Innovation | -8.72 | -1.04 | 8.74 | 7.69 | – | – | – | 0.44 |
| SBI Innovative Opportunities Fund Sectoral/Thematic - Innovation | -8.70 | -0.07 | 8.82 | -0.40 | – | – | – | 0.77 |
| Tata India Innovation Fund Sectoral/Thematic - Innovation | -8.07 | -5.26 | 1.78 | -5.40 | – | – | – | 0.60 |
| Motilal Oswal Innovation Opportunities Fund Sectoral/Thematic - Innovation | -12.23 | -5.43 | 6.12 | 1.67 | – | – | – | 0.79 |
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Liquid Fund Debt Scheme - Liquid Fund | 0.39 | 1.48 | 3.12 | 6.40 | 6.89 | 6.38 | 6.10 | 0.17 |
| ICICI Prudential Money Market Fund Debt Scheme - Money Market Fund | 0.27 | 1.50 | 3.12 | 6.30 | 7.29 | 6.70 | 6.68 | 0.18 |
| ICICI Prudential Multi Sector Passive FOF Other Scheme - FoF Domestic | -5.10 | -5.21 | -4.13 | -5.37 | 11.11 | 9.48 | 11.99 | 0.18 |
| ICICI Prudential Banking & Financial Services Fund Sectoral/Thematic - Banking/Financial | -4.77 | -4.70 | -4.72 | -9.76 | 8.78 | 7.42 | 11.18 | 0.88 |
| ICICI Prudential Aggressive Hybrid Fund Hybrid Scheme - Aggressive Hybrid Fund | -4.97 | -5.16 | -4.71 | -6.08 | 11.70 | 12.22 | 14.38 | – |
| ICICI Prudential Banking and PSU Debt Fund Debt Scheme - Banking and PSU Fund | -0.82 | -0.12 | 1.77 | 3.99 | 6.86 | 6.44 | 7.05 | 0.33 |
| ICICI Prudential Income plus Arbitrage Omni FOF Other Scheme - FoF Domestic | -0.51 | 0.34 | 2.22 | 5.06 | 9.11 | 9.36 | 9.15 | 0.06 |
| ICICI Prudential Value Fund Equity Scheme - Value Fund | -3.21 | -4.97 | -6.46 | -10.36 | 10.97 | 12.22 | 13.83 | 0.79 |