HDFC INNOVATION FUND
HDFC Mutual Fund · Sectoral/Thematic · Regular plan, growth option
NAV (₹), 1 Oct 2026
11.4290
1-day change
-0.50%
1Y return
13.2%
3Y CAGR
n/a
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 17 Jul 2025 to 1 Oct 2026
Returns vs Sectoral/Thematic median (259 schemes) and “Innovation” median (13)
| Period | Scheme | Category median | Innovation median |
|---|---|---|---|
| 1 month | -4.0% | -5.4% | -5.0% |
| 3 months | 5.1% | -3.1% | -0.3% |
| 6 months | 22.6% | 8.5% | 18.7% |
| Year to date | 11.9% | -2.6% | 6.1% |
| 1 year | 13.2% | 0.0% | 7.3% |
| 3 years (CAGR) | n/a | 11.7% | 16.1% |
| 5 years (CAGR) | n/a | 10.6% | 11.9% |
| 7 years (CAGR) | n/a | 15.7% | n/a |
| 10 years (CAGR) | n/a | 13.3% | n/a |
| Since first NAV (CAGR) | 11.6% | – | – |
“Innovation” is MFIC's grouping of Sectoral/Thematic schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 16.8% | 9.8% |
| 3Y rolling median | n/a | 15.6% |
| 3Y rolling worst | n/a | 0.6% |
| 3Y periods positive | n/a | 100% |
| 3Y periods ahead of benchmark | n/a | 71% |
| 5Y rolling median | n/a | 14.2% |
| 5Y rolling worst | n/a | 0.3% |
| 5Y periods ahead of benchmark | n/a | 70% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | n/a | 16.7% |
| Sharpe ratio | n/a | 0.34 |
| Sortino ratio | n/a | 0.51 |
| Beta | n/a | 0.96 |
| Alpha (ann.) | n/a | 2.3% |
| Upside capture | n/a | 103.56 |
| Downside capture | n/a | 96.87 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −12.7% | −23.7% |
| Maximum drawdown, last 10Y | n/a | −39.3% |
| Maximum drawdown, last 5Y | n/a | −22.8% |
| Current drawdown | −4.9% | −8.8% |
| Recovery time of worst fall | 57 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.09% a year and the Direct plan's 1.02%, a gap of 1.07%. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹24,33,757.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 28 Sep 2026: TER increased from 2.08% to 2.09% (AMFI TER disclosure)
- 17 Sep 2026: TER reduced from 2.09% to 2.08% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 2.08% to 2.09% (AMFI TER disclosure)
- 8 Sep 2026: TER reduced from 2.09% to 2.08% (AMFI TER disclosure)
- 7 Sep 2026: TER increased from 2.08% to 2.09% (AMFI TER disclosure)
- 3 Sep 2026: TER reduced from 2.09% to 2.08% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Amit Sinha | Fund Manager of the scheme | 17 Jul 2025 |
| Gopal Agrawal | Fund Manager for Overseas Investments | 1 Sep 2026 |
| Bhagyesh Kagalkar | Fund Manager for investments in Gold/Silver instruments | 26 Aug 2026 |
Objective: To generate long-term capital appreciation / income by investing in companies that are adopting innovative themes and strategies. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Equity and Equity related instruments of companies/entities following the innovation theme: 80% - 100 Equity and Equity related instruments of companies/entities other than those mentioned above: 0% - 20% Units of issued by InvITs: 0% - 10% Money market instruments, Other liquid instruments and Units of Mutual Fund^^ 0% - 20% Gold and Silver instruments: 0% - 20% ^^Units of Domestic Mutual Funds shall only include Overnight Funds, Liquid Funds and Money Market Mutual Funds. Further other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by SEBI from…
Benchmark (tier 1): Nifty 500 (TRI)
Exit load: • In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 1 month from the date of allotment. • No Exit Load is payable if Units are redeemed / switched-out after 1 month from the date of allotment.
Minimum application: Rs.100
Allotment date: 17 Jul 2025
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 2.09% | 2.38% |
| AUM, whole scheme (₹ crore) | 3,152 | 1,245 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 14.6% | -2.0% TRI |
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Sectoral/Thematic Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 11.9% | -7.8% | +19.7% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,32,134 | 19.3% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: HDFC Mutual Fund
Category: Sectoral/Thematic
Plan / option: Regular · Growth
AMFI scheme code: 153619
ISIN: INF179KC1JL3
First NAV in MFIC data: 17 Jul 2025
History: 1.2 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Questions about HDFC INNOVATION FUND
- What is the latest NAV of HDFC INNOVATION FUND?
- The NAV of the Regular plan (growth option) was ₹11.4290 on 1 Oct 2026, as published by AMFI.
- Which category is HDFC INNOVATION FUND in?
- It is classified as Sectoral/Thematic in AMFI's daily NAV file; a Sectoral/Thematic scheme invests at least 80% in one sector or theme. MFIC compares it with 259 Sectoral/Thematic schemes (Regular plans).
- What was the largest fall in HDFC INNOVATION FUND's NAV?
- The largest peak-to-trough fall in its available history was 12.7%.
- What is the expense ratio (TER) of HDFC INNOVATION FUND?
- The total expense ratio of the Regular plan is 2.09% a year, as disclosed to AMFI (median of Sectoral/Thematic Regular plans: 2.38%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HDFC INNOVATION FUND?
- Assets under management of the whole scheme were ₹3,152 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HDFC INNOVATION FUND?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- Who manages HDFC INNOVATION FUND?
- According to its Scheme Summary Document, HDFC INNOVATION FUND is managed by Amit Sinha (since 17 Jul 2025), Gopal Agrawal (since 1 Sep 2026), Bhagyesh Kagalkar (since 26 Aug 2026).
- What is the exit load of HDFC INNOVATION FUND?
- As stated in its scheme documents: • In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 1 month from the date of allotment. • No Exit Load is payable if Units are redeemed / switched-out after 1 month from the date of allotment. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in HDFC INNOVATION FUND?
- The minimum application amount is Rs.100. SIP details: For SIP DSIP, WSIP, MSIP - Rs. 100; QSIP - Rs. 1500; HSIP - Rs. 2500; YSIP - Rs. 5000. For SWAP Fixed SWAP - Rs. 100; Variable SWAP - Rs. 300. For STP Fixed STP (FSTP) Daily FSTP - Rs. 500; Weekly FSTP - Rs. 500; Monthly FSTP - Rs. 1000; Quarterly FSTP -Rs. 3000. Capital Appreciation STP (CASTP) Monthly CASTP - Rs. 300; Quarterly CASTP - Rs 1000..
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 14.5% and the Regular plan's by 13.2%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.