ICICI Prudential Innovation Fund Direct-Growth
Equity: Thematic-Innovation - Growth (Open ended)
SEBI Riskometer: Very HighCategory: Equity: Thematic-InnovationBenchmark: NIFTY 500 Total Return IndexCheck Portfolio Overlap →
NAV: ₹18.68-1.53%
23 Oct 2026
Similar Funds
Side-by-side comparison of ICICI Prudential Innovation Fund Direct-Growth with similar funds — trailing returns, risk metrics, AUM and expense ratio.
| Period | This Fund | Category Avg | Category Rank |
|---|---|---|---|
| 1Y Return | -5.47% | -1.12% | 8 / 10 |
| 3Y Return | +16.89% | 15.23% | 1 / 4 |
| 5Y Return | — | 10.43% | — |
Trailing annualised returns (%). Category rank: lower is better. Green = top third of category.
Funds in Equity: Thematic-Innovation
Top funds by AUM in the Equity: Thematic-Innovation category — see how ICICI Prudential Innovation Fund Direct-Growth compares on size and returns.
Funds Tracking NIFTY 500 Total Return Index
Top funds tracking the NIFTY 500 Total Return Index — sorted by AUM to show the largest options available.
Frequently Asked Questions
Which funds are similar to ICICI Prudential Innovation Fund Direct-Growth?
Funds similar to ICICI Prudential Innovation Fund Direct-Growth in the Equity: Thematic-Innovation category include SBI Innovative Opportunities Fund Direct-Growth, Kotak Pioneer Fund Direct-Growth, and HDFC Innovation Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.
What is the rank of ICICI Prudential Innovation Fund Direct-Growth in its category?
On a 3-year return basis ICICI Prudential Innovation Fund Direct-Growth is ranked 1 out of 4 funds in the Equity: Thematic-Innovation category as of 22 Oct 2026. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.
How does ICICI Prudential Innovation Fund Direct-Growth's expense ratio compare to similar funds?
ICICI Prudential Innovation Fund Direct-Growth has an expense ratio of 1.24%. The peers SBI Innovative Opportunities Fund Direct-Growth has an expense ratio of 1.04% and Kotak Pioneer Fund Direct-Growth has 0.63%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.
How does ICICI Prudential Innovation Fund Direct-Growth's AUM compare to similar funds?
ICICI Prudential Innovation Fund Direct-Growth has an AUM of ₹7,549.12 crore. The peers SBI Innovative Opportunities Fund Direct-Growth has an AUM of ₹5,124.95 crore and Kotak Pioneer Fund Direct-Growth has ₹4,294.62 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.
Which fund has the best 3-year returns in the Equity: Thematic-Innovation?
The top performing fund in the Equity: Thematic-Innovation category on a 3-year basis is Kotak Pioneer Fund Direct-Growth with a CAGR of 18.30% as of 22 Oct 2026. ICICI Prudential Innovation Fund Direct-Growth has delivered 16.89% CAGR over the same period, ranking 1 out of 4 funds. You can view and compare the full category ranking on sharpely.
How does ICICI Prudential Innovation Fund Direct-Growth rank in risk-adjusted returns vs peers?
On a risk-adjusted basis, ICICI Prudential Innovation Fund Direct-Growth has a Sharpe ratio of 0.77 compared to the Equity: Thematic-Innovation average of 0.74 as of 22 Oct 2026. It ranks 3 out of 5 funds in its category on Sharpe ratio.