HDFC INNOVATION FUND
HDFC Mutual Fund · Sectoral/Thematic · Direct plan, growth option
| Period | Scheme | Category median | Innovation median |
|---|---|---|---|
| 1 month | -3.9% | -5.4% | -4.9% |
| 3 months | 5.4% | -2.8% | 0.0% |
| 6 months | 23.3% | 8.9% | 19.5% |
| Year to date | 12.9% | -2.0% | 7.2% |
| 1 year | 14.5% | 1.4% | 8.8% |
| 3 years (CAGR) | n/a | 13.0% | 17.6% |
| 5 years (CAGR) | n/a | 12.0% | 13.4% |
| 7 years (CAGR) | n/a | 17.0% | n/a |
| 10 years (CAGR) | n/a | 14.6% | n/a |
| Since first NAV (CAGR) | 13.0% | – | – |
“Innovation” is MFIC's grouping of Sectoral/Thematic schemes by the theme or index in their names, not an AMFI category.
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 18.2% | 11.8% |
| 3Y rolling median | n/a | 17.5% |
| 3Y rolling worst | n/a | 3.0% |
| 3Y periods positive | n/a | 100% |
| 3Y periods ahead of benchmark | n/a | 84% |
| 5Y rolling median | n/a | 15.6% |
| 5Y rolling worst | n/a | 1.8% |
| 5Y periods ahead of benchmark | n/a | 91% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | n/a | 16.7% |
| Sharpe ratio | n/a | 0.42 |
| Sortino ratio | n/a | 0.63 |
| Beta | n/a | 0.96 |
| Alpha (ann.) | n/a | 3.7% |
| Upside capture | n/a | 106.94 |
| Downside capture | n/a | 95.17 |
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −12.3% | −23.1% |
| Maximum drawdown, last 10Y | n/a | −38.3% |
| Maximum drawdown, last 5Y | n/a | −22.3% |
| Current drawdown | −4.9% | −8.3% |
| Recovery time of worst fall | 36 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
- P/E 21.6: higher than 8% of days since 2021 (median 24.0)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
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.
- 28 Sep 2026: TER increased from 1.01% to 1.02% (AMFI TER disclosure)
- 18 Sep 2026: TER increased from 0.96% to 1.01% (AMFI TER disclosure)
- 17 Sep 2026: TER reduced from 0.97% to 0.96% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 0.96% to 0.97% (AMFI TER disclosure)
- 8 Sep 2026: TER reduced from 0.97% to 0.96% (AMFI TER disclosure)
- 7 Sep 2026: TER increased from 0.96% to 0.97% (AMFI TER disclosure)
- 3 Sep 2026: TER reduced from 0.97% to 0.96% (AMFI TER disclosure)
| 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 |
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 1.02% | 1.15% |
| AUM, whole scheme (₹ crore) | 3,152 | 1,272 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 16.0% | -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 Direct plans; how it is calculated.
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 12.9% | -7.8% | +20.7% |
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.
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,32,981 | 20.6% |
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.
- What is the latest NAV of HDFC INNOVATION FUND?
- The NAV of the Direct plan (growth option) was ₹11.5970 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 253 Sectoral/Thematic schemes (Direct plans).
- What was the largest fall in HDFC INNOVATION FUND's NAV?
- The largest peak-to-trough fall in its available history was 12.3%.
- What is the expense ratio (TER) of HDFC INNOVATION FUND?
- The total expense ratio of the Direct plan is 1.02% a year, as disclosed to AMFI (median of Sectoral/Thematic Direct plans: 1.15%). 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.
Every Monday: this scheme's NAV, 1-month and 1-year return beside its category median, 3-year CAGR and how far it is below its peak. Add more schemes from their pages or from your MFIC watchlist. Free; unsubscribe from any email.