FAQ : ICICI Prudential Innovation Fund - Regular Plan - Growth

ICICI Prudential Innovation Fund - Regular Plan - Growth has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) N/A N/A N/A N/A
Average Rolling Returns(%) N/A N/A N/A N/A

The Current NAV of ICICI Prudential Innovation Fund - Regular Plan - Growth is ₹15.18.

It is better to invest in a fund with a longer track record as ICICI Prudential Innovation Fund - Regular Plan - Growth cannot be assessed for consistency of out-performance. Funds returns are more likely to be different than its benchmark NIFTY 500 - TRI returns, as Funds portfolio is significantly different.

ICICI Prudential Innovation Fund - Regular Plan - Growth fund’s expense ratio is 1.87%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of ICICI Prudential Innovation Fund - Regular Plan - Growth is currently ₹4,453 Crores.

The Top three stocks are Maruti Suzuki, Sun Pharma Inds. and Siemens and account for 11% of its portfolio. Top 5 and 10 stocks of fund account for 17% and 30% of fund’s portfolio respectively.

Top three sectors of ICICI Prudential Innovation Fund - Regular Plan - Growth fund are Auto, Healthcare and Capital Goods accounting for 43% of the total portfolio.

Funds Portfolio Quality is Somewhat Good. It has a large proportion of Green and Orange Stocks.Since this is a Equity - Thematic Fund - Other it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of ICICI Prudential Innovation Fund - Regular Plan - Growth Fund is Equity - Thematic Fund - Other.

Anish Tawakley and Vaibhav Dusad manage the ICICI Prudential Innovation Fund - Regular Plan - Growth Fund.

ICICI Prudential Innovation Fund - Regular Plan - Growth current PE ratio is 63.35 and PB ratio is 9.65

The asset allocation of ICICI Prudential Innovation Fund - Regular Plan - Growth is Stocks : 96.71%, Debt : 3.30% and Gold : 0%

The minimum SIP amount for ICICI Prudential Innovation Fund - Regular Plan - Growth is ₹100.00 and minimum lumpsum is ₹5000.00

The exit load for ICICI Prudential Innovation Fund - Regular Plan - Growth is 1% on or before 12 months, Nil after 12 months

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