What are the top performing Thematic-Innovation funds?

Based on 1-year returns, the top performing Thematic-Innovation funds are Bandhan Innovation Fund - Direct Plan with 12.86% return, Kotak Pioneer Fund - Direct Plan with 11.88% return, and Motilal Oswal Innovation Opportunities Fund - Direct Plan with 10.18% return. The category average 1-year return is 4.13%.

Which Thematic-Innovation funds have given the best returns over 3 years?

Over a 3-year period, the best performing Thematic-Innovation funds are Bandhan Innovation Fund - Direct Plan with a 23.18% CAGR, Kotak Pioneer Fund - Direct Plan with 21.95% CAGR, and Motilal Oswal Innovation Opportunities Fund - Direct Plan with 16.25% CAGR. The category average 3-year return stands at 0.00% CAGR.

Which Thematic-Innovation funds have given the best returns over 5 years?

Over a 5-year period, the top Thematic-Innovation funds are Bandhan Innovation Fund - Direct Plan with a 17.32% CAGR, Kotak Pioneer Fund - Direct Plan with 12.94% CAGR, and Motilal Oswal Innovation Opportunities Fund - Direct Plan with 0.00% CAGR. The category average 5-year return is 0.00% CAGR.

Which are the best Thematic-Innovation funds for SIP investment?

Based on average 5-year rolling returns, the best Thematic-Innovation funds for SIP are -- with 5-year average rolling return of 0.00%, -- with 0.00%, and -- with 0.00%. You can start a SIP in Thematic-Innovation funds with as little as ₹100 per month.

What is the minimum amount to invest in Thematic-Innovation funds?

You can start investing in Thematic-Innovation funds with a minimum SIP of ₹100 per month or a minimum lumpsum of ₹100. The minimum investment varies across fund houses — some funds allow even lower entry points.

How are Thematic-Innovation fund returns taxed?

Gains from Thematic-Innovation funds held for less than 12 months are taxed at 20% (Short-Term Capital Gains). Gains on units held for 12 months or more are taxed at 12.5% (Long-Term Capital Gains), with ₹1.25 lakh per year being exempt per financial year. Dividends (IDCW) are taxed at your applicable income tax slab rate.

Which Thematic-Innovation funds have the lowest expense ratio?

Among Thematic-Innovation funds, Kotak Pioneer Fund - Direct Plan has the lowest expense ratio at 0.53% (Direct Plan), followed by Bandhan Innovation Fund - Direct Plan at 0.54%. Lower expense ratios directly improve your net returns over the long term.

How many Thematic-Innovation mutual funds are available in India?

There are currently 13 Thematic-Innovation mutual funds available in India across different fund houses. You can compare all 13 funds on Sharpely based on returns, risk, AUM, and expense ratio to find the one that suits your investment goals.

mutual funds category

Thematic Innovation

Thematic-Innovation Funds

Q: What are the largest Thematic-Innovation mutual funds by assets?

The largest Thematic-Innovation funds by Assets Under Management (AUM) are ICICI Prudential Innovation Fund - Direct Plan with ₹ 7,290.92 crore, SBI Innovative Opportunities Fund - Direct Plan with ₹ 4,987.51 crore, and Kotak Pioneer Fund - Direct Plan with ₹ 3,495.30 crore. Together, there are 13 Thematic-Innovation funds available in India.

Total Schemes

No. of schemes

Total AUM

₹ 0.29Lakh Cr

As on latest

Category Return (5Y)

CAGR

Benchmark

12.29%

NIFTY 500 TRI

Category Returns (%)

Period	1M	6M	1Y	3Y CAGR	5Y CAGR	10Y CAGR	YTD
Thematic-Innovation	1.62 %	-3.61 %	4.13 %	-	-	-	-1.63 %
Benchmark	-0.98 %	-5.95 %	-0.83 %	13.55 %	12.29 %	13.90 %	-5.75 %

Top Thematic-Innovation Funds (by AUM)

Fund Name	AUM (₹ Cr)	1Y Return	3Y CAGR	5Y CAGR	Expense Ratio
ICICI Prudential Innovation Fund - Direct PlanNAV: ₹19.13	7,290.92 Cr	3.80%	23.18%	-	0.74%
SBI Innovative Opportunities Fund - Direct PlanNAV: ₹9.24	4,987.51 Cr	-1.93%	-	-	0.88%
Kotak Pioneer Fund - Direct PlanNAV: ₹36.70	3,495.30 Cr	11.88%	21.95%	17.32%	0.53%
Nippon India Innovation Fund - Direct PlanNAV: ₹14.37	2,778.33 Cr	2.45%	-	-	0.72%
HDFC Innovation Fund - Direct PlanNAV: ₹10.49	2,621.20 Cr	-	-	-	0.82%
Bandhan Innovation Fund - Direct PlanNAV: ₹14.02	2,101.64 Cr	12.86%	-	-	0.54%
Tata India Innovation Fund - Direct PlanNAV: ₹9.69	1,363.30 Cr	1.69%	-	-	0.70%
Axis Innovation Fund - Direct PlanNAV: ₹20.29	1,176.60 Cr	5.68%	16.25%	12.94%	1.30%
Union Innovation & Opportunities Fund - Direct PlanNAV: ₹14.55	1,105.15 Cr	5.71%	-	-	2.66%
Baroda BNP Paribas Innovation Fund - Direct PlanNAV: ₹13.03	869.73 Cr	7.74%	-	-	1.03%
UTI Innovation Fund - Direct PlanNAV: ₹10.92	739.73 Cr	-5.67%	-	-	1.13%
Motilal Oswal Innovation Opportunities Fund - Direct PlanNAV: ₹12.97	525.11 Cr	10.18%	-	-	1.03%
Mahindra Manulife Innovation Opportunities Fund - Direct PlanNAV: ₹10.42	181.38 Cr	-	-	-	0.65%

Thematic-Innovation vs Other Categories

5Y CAGR Return Comparison

No comparison data available.

Key Insights

₹ 2,621.20Cr

1Y Returns

Expense Ratio

0.82%

Bandhan Innovation Fund - Direct Plan

Fund Performance: The Bandhan Innovation Fund - Direct Plan comes under the Equity category of Bandhan Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Bandhan Innovation Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 1,000.00

AUM

₹ 2,101.64Cr

1Y Returns

12.86%

Expense Ratio

0.54%

Tata India Innovation Fund - Direct Plan

Fund Performance: The Tata India Innovation Fund - Direct Plan comes under the Equity category of Tata Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Tata India Innovation Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 1,363.30Cr

1Y Returns

1.69%

Expense Ratio

0.70%

Axis Innovation Fund - Direct Plan

Fund Performance: Axis Innovation Fund - Direct Plan has given 16.25% annualized returns in the past three years and 12.94% in the last 5 years. The Axis Innovation Fund - Direct Plan comes under the Equity category of Axis Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Axis Innovation Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 1,176.60Cr

1Y Returns

5.68%

Expense Ratio

1.30%

Union Innovation & Opportunities Fund - Direct Plan

Fund Performance: The Union Innovation & Opportunities Fund - Direct Plan comes under the Equity category of Union Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Union Innovation & Opportunities Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 1,000.00

AUM

₹ 1,105.15Cr

1Y Returns

5.71%

Expense Ratio

2.66%

Baroda BNP Paribas Innovation Fund - Direct Plan

Fund Performance: The Baroda BNP Paribas Innovation Fund - Direct Plan comes under the Equity category of Baroda BNP Paribas Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Baroda BNP Paribas Innovation Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 1,000.00

AUM

₹ 869.73Cr

1Y Returns

7.74%

Expense Ratio

1.03%

UTI Innovation Fund - Direct Plan

Fund Performance: The UTI Innovation Fund - Direct Plan comes under the Equity category of UTI Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in UTI Innovation Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 739.73Cr

1Y Returns

-5.67%

Expense Ratio

1.13%

Motilal Oswal Innovation Opportunities Fund - Direct Plan

Fund Performance: The Motilal Oswal Innovation Opportunities Fund - Direct Plan comes under the Equity category of Motilal Oswal Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Motilal Oswal Innovation Opportunities Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 500.00

AUM

₹ 525.11Cr

1Y Returns

10.18%

Expense Ratio

1.03%

Mahindra Manulife Innovation Opportunities Fund - Direct Plan

Fund Performance: The Mahindra Manulife Innovation Opportunities Fund - Direct Plan comes under the Equity category of Mahindra Manulife Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Mahindra Manulife Innovation Opportunities Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 1,000.00

AUM

₹ 181.38Cr

1Y Returns

Expense Ratio

0.65%