Scheme

ICICI Prudential Innovation Fund

Holds 81 companies worth ₹7,157 Cr in Sept 2026.

Fund house
ICICIThe fund house that runs this scheme.
AUM
₹7,549 CrICICI Prudential Innovation Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.8% on Aug 2026, ₹8,012 Cr.
Largest holding
ICICI BankICICI Bank is 4.7% of this scheme's NAV.
Fund manager
Vaibhav DusadRuns its co-manager part since 28 Apr 2023, as the fund house dates it.

Overview^{(1 Sept 2026)}

Fund managers1

Vaibhav DusadCo-manager · Apr 2023 · 13y · FRM MBA M.Tech B.Tech

Key facts

Benchmark: Nifty 500 TRI
Expense: Regular 2.14% · Direct 1.18%
Exit load: • 1% of applicable Net Asset Value - If the amount sought to be redeemed or switched out within one month from allotment. • Nil - If the amount sought to be redeemed or switched out more than one month from allotment.
Started: 28 Apr 2023
Minimum: ₹5,000

Source.Its Scheme Summary Document as of 1 Sept 2026 at AMFI.

What changed^{(3 changes)}

Aug 2026

1 change

Expense ratio
31 AugRegular 1.82% → 2.14%Direct 0.76% → 1.18%

Apr 2026

2 changes

Exit load
7 Apr1% within 12 months → • 1% of applicable Net Asset Value - If the amount sought to be redeemed or switched out within one month from allotment. • Nil - If the amount sought to be redeemed or switched out more than one month from allotment.
Expense ratio
7 AprRegular 1.8% → 1.82%Direct 0.68% → 0.76%

Source.Its filings at NSE, since Aug 2025.

Fund managers over time^{(Apr 2023 – now)}

Vaibhav Dusad

MainCoSlice202420252026

Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs^{(Aug 2025 – Sept 2026)}

Every change to the expense ratio, newest first.
3 changes	Regular	Direct	Δ pt
31 Aug 2026	2.14%	1.18%	0.42
7 Apr 2026	1.82%	0.76%	0.08
29 Aug 2025	1.80%	0.68%	–

Direct plan, 31 Aug 2026

1.18%

Regular plan 2.14% · Exit load • 1% of applicable Net Asset Value - If the amount sought to be redeemed or switched out within one month from allotment. • Nil - If the amount sought to be redeemed or switched out more than one month from allotment.

Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk^{(1 Sept 2026)}

Objective

The Scheme is an open ended thematic fund. The objective of the Scheme is 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 themes. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

At launch: Very High
Type: Open Ended
Benchmark: Nifty 500 TRI

Asset allocation it may hold% of NAV

Equity & Equity related securities of companies adopting innovation strategies and themes & Overseas Securities adopting innovation strategies and themes
Allowed80–100%
Other Equity & Equity related instruments
Allowed0–20%
Money market instruments, other liquid instruments^, Units of Overnight funds, Liquid funds and Money Market funds
Allowed0–20%
InvITs
Allowed0–10%Holds0.0%

Holds in Sept 2026.94.8% equity · 5.2% debt and cash

How to invest^{(1 Sept 2026)}

Buying

To start: ₹5,000, then in multiples of ₹1
To add: ₹1,000, then in multiples of ₹1
SIP how often: Daily,Weekly,Fortnightly,Monthly,Quarterly
SIP dates: Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Fortnightly = 1st and 16th day of each month as applicable Monthly = Any day* Quarterly = Any day* *In case the date chosen for SIP falls on a Non-Business Day or on a date which is not available in a particular month, the SIP will beprocessed on the immediate next Business Day.
SIP minimum: Daily,Weekly,Fortnightly,Monthly = Rs. 100 Quarterly = Rs. 5,000, then re. 1/-
SIP instalments: Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4

Selling and switching

To redeem: Any amount
Switch minimum: ₹5,000
Switch multiples: Any amount
STP how often: Daily,Weekly,Monthly,Fortnightly,Quarterly
STP dates: Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Monthly = Any day* Quarterly = Any day* Fortnightly = 1st and 16th day of each month as applicable *In case the date chosen for STP falls on a non-business day or on a day which is not available in a particular month, the STP will be processed on the immediate next business day.
STP minimum: Monthly, Weekly,Fortnightly, Quarterly = Rs. 1,000 Daily = Rs. 250, then re. 1/-
STP instalments: Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4
SWP how often: Monthly,Quarterly, Half Yearly,Annual
SWP dates: Monthly = Any day* Quarterly= Any day* Half Yearly = Any day* Annual = Any day* *In case none of the frequencies has been selected then Monthly frequency shall be considered as the Default frequency and where no withdrawal date is selected, 1st business day of the month shall be considered as the default SWP date.
SWP minimum: Any amount, then re. 1/-
SWP instalments: Monthly,Quarterly, Half Yearly,Annual = 2

Scheme details^{(1 Sept 2026)}

What it is

Category: Equity Scheme - Thematic Fund
Offer: 10 Apr 2023 to 24 Apr 2023
Started: 28 Apr 2023
Reopened: 4 May 2023
Plans: ICICI Prudential Innovation Fund - Direct Plan - Growth · ICICI Prudential Innovation Fund - Direct Plan - IDCW · ICICI Prudential Innovation Fund - Growth · ICICI Prudential Innovation Fund - IDCW
Face value: ₹10
Listed: No

How it is run

Swing pricing: No
Side-pocketing: Provisions for Segregated Portfolio have been added as as enabler
Custodian: HDFC, SBI-SG Global Securities Services Private Limited and HSBC are acting as Custodians for the Scheme.
Auditor: BSR & Co. LLP
Registrar: Computer Age Management Services Limited
SEBI code: ICIC/O/E/THE/23/02/0171