Key metrics
Latest NAV
₹20.25
Day change
-0.20%
Volatility
12.0%
Sharpe
-0.02
Max drawdown
-16.5%
Expense ratio
0.67%
AUM
₹7,385 Cr
Category rank
12 / 12
Trailing returns
| Period | 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
|---|---|---|---|---|---|---|---|---|---|
| Return | -1.79% | -1.32% | 6.13% | 9.88% | 6.24% | 19.12% | – | – | – |
Returns up to 1Y are absolute; 1Y and longer are annualised (CAGR). Source: public AMFI NAV data.
NAV history
Chart shows the fund's available daily NAV history. Daily NAV data begins around 2006, so older funds may predate this range.
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 ₹20.25, with assets under management of about ₹7,385 Cr (April - June 2026).
Performance analysis
Over the trailing one year, ICICI Prudential Innovation Fund has recorded a return of about 6.2%, with a three-year return of 19.1%. Its annualised volatility is 12.0% — moderate fluctuations — and its Sharpe ratio is -0.02, a measure of return per unit of risk taken. The direct-plan base expense ratio is 0.67%, deducted daily from the NAV.
Rolling returns
| Window | Avg | Median | Min | Max | % Pos | % >12 |
|---|---|---|---|---|---|---|
| 1Y | 21.94 | 11.51 | -1.15 | 64.55 | 99% | 48% |
| 3Y | 21.74 | 21.61 | 19.12 | 24.09 | 100% | 100% |
Each row takes every possible start date in the fund's history and computes the annualised return (CAGR) over that window. Avg/Median = the typical outcome; Min/Max = worst and best; % Pos = how often the window ended positive; % >12 = how often it beat 12% a year. Higher consistency means timing mattered less.
Frequently asked questions
What does ICICI Prudential Innovation Fund invest in?
It invests primarily in companies tied to a single sector or theme.
How is this fund classified?
It is a Sectoral/Thematic - Innovation fund in the Equity group.
How often is the NAV updated?
Mutual fund NAVs are declared by the AMC on every business day. This page sources NAV from public AMFI data and refreshes twice daily.
What is its expense ratio?
0.67% (direct plan, base expense ratio), deducted daily from the NAV. Some platforms quote a higher all-in Total TER — verify with the AMC.
How is the rolling return calculated?
Rolling return averages the fund's annualised return over every possible window of a given length across its history, rather than a single start-to-end period — reducing the effect of one lucky or unlucky entry date.
Is past performance a guarantee of future returns?
No. Past performance does not indicate future results; mutual fund values fluctuate with markets. Read all scheme-related documents carefully before investing.
Compare with peers
Similar Sectoral/Thematic - Innovation
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| Union Innovation & Opportunities Fund Sectoral/Thematic - Innovation | 2.11 | 14.28 | 26.26 | 14.12 | – | – | – | 0.67 |
| Nippon India Innovation Fund Sectoral/Thematic - Innovation | -1.24 | 8.05 | 12.87 | 4.27 | 14.96 | – | – | 0.59 |
| UTI Innovation Fund Sectoral/Thematic - Innovation | 1.71 | 10.69 | 26.03 | 0.54 | – | – | – | 0.80 |
| Baroda BNP Paribas Innovation Fund Sectoral/Thematic - Innovation | 0.26 | 8.58 | 14.44 | 11.93 | – | – | – | 0.89 |
| BANDHAN INNOVATION FUND Sectoral/Thematic - Innovation | 1.51 | 13.86 | 25.60 | 21.32 | – | – | – | 0.44 |
| SBI Innovative Opportunities Fund Sectoral/Thematic - Innovation | 2.10 | 17.76 | 25.73 | 10.34 | – | – | – | 0.77 |
| Tata India Innovation Fund Sectoral/Thematic - Innovation | -0.90 | 6.91 | 14.74 | 4.64 | – | – | – | 0.60 |
| Motilal Oswal Innovation Opportunities Fund Sectoral/Thematic - Innovation | 2.88 | 13.33 | 30.37 | 16.26 | – | – | – | 0.79 |
More funds from ICICI Prudential
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Liquid Fund Debt Scheme - Liquid Fund | 0.56 | 1.74 | 3.47 | 6.50 | 6.97 | 6.33 | 6.13 | 0.17 |
| ICICI Prudential Money Market Fund Debt Scheme - Money Market Fund | 0.67 | 2.23 | 3.58 | 6.67 | 7.42 | 6.69 | 6.72 | 0.18 |
| ICICI Prudential Multi Sector Passive FOF Other Scheme - FoF Domestic | -1.77 | 2.89 | 3.01 | 5.42 | 12.64 | 11.81 | 12.71 | 0.18 |
| ICICI Prudential Banking & Financial Services Fund Sectoral/Thematic - Banking/Financial | 0.31 | 5.28 | 0.87 | 1.08 | 10.40 | 9.94 | 11.90 | 0.88 |
| ICICI Prudential Aggressive Hybrid Fund Hybrid Scheme - Aggressive Hybrid Fund | -1.83 | 3.07 | 1.58 | 2.64 | 13.71 | 15.46 | 15.19 | – |
| ICICI Prudential Banking and PSU Debt Fund Income/Debt Oriented Schemes - Banking and PSU Debt Fund | 0.15 | 2.13 | 3.02 | 6.02 | 7.39 | 6.73 | 7.31 | 0.33 |
| ICICI Prudential Income plus Arbitrage Omni FOF Other Scheme - FoF Domestic | 0.28 | 2.18 | 3.38 | 6.54 | 9.29 | 9.75 | 9.35 | 0.06 |
| ICICI Prudential Value Fund Equity Scheme - Value Fund | -2.93 | 1.05 | -3.48 | -2.27 | 12.29 | 15.12 | 14.28 | 0.79 |
Returns ≥ 1Y are annualised (CAGR). TER = direct-plan base expense ratio. Click a fund to open its page.