Fundalysisby DARKHORSESTOCKS

Scheme

Tata India Innovation Fund

Holds 60 companies worth ₹1,140 Cr in Sept 2026.

  • Fund house

    TataThe fund house that runs this scheme.

  • AUM

    ₹1,245 CrTata India Innovation Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 7.5% on Aug 2026, ₹1,346 Cr.

  • Largest holding

    ICICI BankICICI Bank is 5.1% of this scheme's NAV.

  • Fund manager

    Meeta ShettyRuns it since 28 Nov 2024, as the fund house dates it. With Hasmukh Vishariya (fund manager).

Overview(9 Oct 2026)

Fund managers2

  1. Meeta ShettyFund manager · Nov 2024 · 19y · CFA
  2. Hasmukh VishariyaFund manager · Mar 2025 · 8y · CA

    Key facts

    Benchmark
    NIFTY 500 TRI
    Risk
    Very High
    Expense
    Regular 2.37% · Direct 0.97%
    Exit load
    0.5% within 30 days
    Started
    within 5 (five) working / business days from the date of closure of the NFO Period
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 9 Oct 2026 at AMFI.

    What changed(8 changes)

    Sept 2026

    1 change
    1. Expense ratio
      11 SeptDirect 0.9% → 0.94%

    Aug 2026

    1 change
    1. Expense ratio
      13 AugRegular 2.16% → 2.34%Direct 0.71% → 0.9%

    Apr 2026

    1 change
    1. Expense ratio
      29 AprRegular 2.1% → 2.16%Direct 0.66% → 0.71%

    Source.Its filings at NSE, since Mar 2025.

    Fund managers over time(Nov 2024 – now)

    1. Meeta Shetty
    2. Hasmukh Vishariya
    MainCoSlice20252026
    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(Mar 2025 – Oct 2026)

    Every change to the expense ratio, newest first.
    8 changesRegularDirectΔ pt
    11 Sept 20262.34%0.94%0.04
    13 Aug 20262.34%0.90%0.19
    29 Apr 20262.16%0.71%0.05
    27 Feb 20262.10%0.66%0.11
    30 Dec 20252.05%0.55%0.01
    31 Aug 20252.04%0.54%0.02
    30 Jun 20252.02%0.52%0.01
    31 Mar 20252.03%0.53%–
    Direct plan, 11 Sept 2026
    0.94%
    Regular plan 2.34% · Exit load 0.5% within 30 days
    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(9 Oct 2026)

    Objective

    The investment objective of the scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open-ended equity scheme following innovation theme
    Benchmark
    NIFTY 500 TRI

    Asset allocation it may hold% of NAV

    1. Equity and equity related instruments of companies following innovation theme
      Allowed80–100%Holds91.6%
    2. Other Equity & Equity related Instruments and including units of mutual fund
      Allowed0–20%
    3. Money market instruments including units of mutual fund, other liquid instruments**, gold and/or silver instruments/ETF as permitted by SEBI
      Allowed0–20%
    4. Units issued by InvITS
      Allowed0–10%Holds0.0%

    Holds in Sept 2026.91.6% equity · 8.4% debt and cash

    How to invest(9 Oct 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    Most
    Not Applicable.
    Systematic
    SIP-- Monthly/Monthly/Quarterly/Quarterly/Weekly/Daily (Business Days) ;STP --Monthly/Quarterly/Weekly/Daily (Business Days) ;SWP --Monthly/Quarterly/Half-yearly/Yearly
    Dates
    SIP-- Any day/Any day/Any day/Any day/Monday-Friday/All Business Days ;STP --Any day/Any day/Monday-Friday/All Business Days ;SWP --Any day/Any day/Any day/Any day
    Minimum
    SIP-- 100.00/1,000.00/1,000.00/1,500.00/100.00/100.00 ;STP --500.00/500.00/500.00/500.00 ;SWP --500.00/500.00/500.00/500.00, then sIP-- 1.00/1.00/1.00/1.00/1.00/1.00 ;STP --1.00/1.00/1.00/1.00 ;SWP --1.00/1.00/1.00/1.00
    Instalments
    SIP-- 12 Instalments/6 instalments/6 instalments/4 instalments/12 instalments/12 instalments ;STP --500.00 to 999.00 - 12 instalments; 1,000.00 to 1,999.00 - 6 instalments; 2,000.00 and more - 3 instalments ;SWP --1.00/1.00/1.00/1.00
    Most
    SIP-- Not Applicable/Not Applicable/Not Applicable/Not Applicable/Not Applicable/Not Applicable ;STP --Not Applicable/Not Applicable/Not Applicable/Not Applicable ;SWP --Not Applicable/Not Applicable/Not Applicable/Not Applicable

    Selling and switching

    To redeem
    ₹500 or 50 units
    Minimum balance
    No mimimum balance required or No mimimum unit balance required units
    Switch minimum
    For all units there is no minimum switch amount. or For all units there is no minimum switch units. units
    Switch multiples
    Not Applicable. or Not Applicable. units
    Switch most
    Not Applicable. or Not Applicable. units

    Scheme details(9 Oct 2026)

    What it is

    Category
    Equity-Thematic
    Offer
    11 Nov 2024 to 25 Nov 2024
    Started
    within 5 (five) working / business days from the date of closure of the NFO Period
    Reopened
    5 Dec 2024
    Plans
    Tata India Innovation Fund Regular Plan IDCW · Tata India Innovation Fund Direct Plan IDCW · Tata India Innovation Fund Regular Plan Growth · Tata India Innovation Fund Direct Plan Growth · Tata India Innovation Fund Regular Plan IDCW Payout · Tata India Innovation Fund Direct Plan IDCW Payout
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    Standard Chartered Bank
    Auditor
    S.R. Batliboi & CO. LLP
    Registrar
    Computer Age Management Services Limited
    SEBI code
    TATA/O/E/THE/24/10/0072