How many mutual funds invest in Innovation in India?

MFIC finds 13 actively managed sectoral or thematic schemes and 0 index funds or ETFs whose names point to Innovation (Direct plans; ETFs have a single plan), from AMFI's daily NAV file dated 27 Oct 2026.

Does every scheme on this page hold only Innovation stocks?

Not necessarily. MFIC groups schemes by the sector or theme in the scheme name. SEBI requires sectoral and thematic schemes to keep at least 80% in their stated sector or theme, but the exact holdings come from each fund house's monthly portfolio, which MFIC does not yet read. Check the latest factsheet before relying on a scheme's exposure.

Are sector funds riskier than diversified equity funds?

A sector fund depends on one part of the economy, so its returns usually swing more than a diversified fund's and can lag for long periods. The volatility and maximum drawdown columns on this page show how much each scheme has moved in the past; past movements do not predict future ones.

MFIC › Sectors & industries › Innovation

Innovation mutual funds

13 actively managed thematic schemes and 0 index funds or ETFs whose names point to Innovation, with the market index they follow. Returns from AMFI NAVs as of 27 Oct 2026.

Regular plans Direct plans

Active schemes

Index funds & ETFs

Active: median 3Y CAGR

18.1%

Index & ETF: median 3Y CAGR

n/a

Active ahead of own benchmark TRI (3Y)

4 of 5

AUM of these schemes

₹27,621 cr

Portfolio holdings: not connected. MFIC does not yet read each fund house's monthly portfolio, so it cannot show which stocks these schemes own, how much of each scheme is actually in this sector, or how much they overlap with your diversified funds. Schemes are grouped by the sector or theme in their name; check the latest factsheet for current holdings.

Actively managed schemes Sectoral/Thematic category · Direct plans · alphabetical

Scheme	1Y return	3Y CAGR	5Y CAGR	Volatility	Max drawdown	3Y vs own benchmark TRI	TER	AUM (₹ cr)
Axis Innovation Fund Axis Mutual Fund · Sectoral/Thematic · Direct	7.5%	18.1%	10.1%	14.9%	−23.6%	+7.2 pp	1.36%	1,264
BANDHAN INNOVATION FUND Bandhan Mutual Fund · Sectoral/Thematic · Direct	10.4%	n/a	n/a	n/a	−19.7%	n/a	0.90%	3,109
Baroda BNP Paribas Innovation Fund Baroda BNP Paribas Mutual Fund · Sectoral/Thematic · Direct	3.7%	n/a	n/a	n/a	−22.3%	n/a	1.29%	821
HDFC INNOVATION FUND HDFC Mutual Fund · Sectoral/Thematic · Direct	8.4%	n/a	n/a	n/a	−12.3%	n/a	1.02%	3,059
ICICI Prudential Innovation Fund ICICI Prudential Mutual Fund · Sectoral/Thematic · Direct	−3.4%	18.2%	n/a	15.5%	−16.5%	+7.7 pp	1.24%	7,360
Kotak Pioneer Fund Kotak Mahindra Mutual Fund · Sectoral/Thematic · Direct	3.6%	19.6%	13.3%	15.7%	−35.7%	n/a	0.63%	n/a
Mahindra Manulife Innovation Opportunities Fund Mahindra Manulife Mutual Fund · Sectoral/Thematic · Direct	n/a	n/a	n/a	n/a	−11.4%	n/a	0.98%	252
Motilal Oswal Innovation Opportunities Fund Motilal Oswal Mutual Fund · Sectoral/Thematic · Direct	3.1%	n/a	n/a	n/a	−19.4%	n/a	1.29%	837
Nippon India Innovation Fund Nippon India Mutual Fund · Sectoral/Thematic · Direct	−5.1%	12.8%	n/a	17.2%	−21.5%	+2.2 pp	0.90%	2,779
SBI Innovative Opportunities Fund SBI Mutual Fund · Sectoral/Thematic · Direct	3.5%	n/a	n/a	n/a	−20.8%	n/a	1.04%	4,946
Tata India Innovation Fund Tata Mutual Fund · Sectoral/Thematic · Direct	−3.2%	n/a	n/a	n/a	−18.1%	n/a	0.97%	1,200
Union Innovation & Opportunities Fund Union Mutual Fund · Sectoral/Thematic · Direct	4.3%	18.1%	n/a	18.0%	−23.9%	+7.6 pp	0.99%	1,254
UTI Innovation Fund UTI Mutual Fund · Sectoral/Thematic · Direct	−9.0%	4.0%	n/a	21.2%	−31.5%	−6.8 pp	1.25%	740

"3Y vs own benchmark TRI" is the scheme's 3-year CAGR minus that of the total return index it is benchmarked to, as published by AMFI. Alphabetical order, not a ranking. Rolling returns and risk for this group

Questions

How many mutual funds invest in Innovation in India?: MFIC finds 13 actively managed sectoral or thematic schemes and 0 index funds or ETFs whose names point to Innovation (Direct plans; ETFs have a single plan), from AMFI's daily NAV file dated 27 Oct 2026.
Does every scheme on this page hold only Innovation stocks?: Not necessarily. MFIC groups schemes by the sector or theme in the scheme name. SEBI requires sectoral and thematic schemes to keep at least 80% in their stated sector or theme, but the exact holdings come from each fund house's monthly portfolio, which MFIC does not yet read. Check the latest factsheet before relying on a scheme's exposure.
Are sector funds riskier than diversified equity funds?: A sector fund depends on one part of the economy, so its returns usually swing more than a diversified fund's and can lag for long periods. The volatility and maximum drawdown columns on this page show how much each scheme has moved in the past; past movements do not predict future ones.

Data & disclosure. Scheme list, categories and NAVs from AMFI; returns and risk calculated by MFIC from daily NAVs; benchmark TRI comparison and TER as published via AMFI; index levels and valuations from NSE. Sector and theme groups are MFIC's own grouping from scheme names, not an AMFI or SEBI classification, and holdings are not connected. Educational information, not investment advice or a recommendation to buy or sell. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance is not indicative of future performance. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155).