Primarily market-linked growth exposure
The Scheme is an open ended thematic fund. The objective of the Scheme is to generate long term capital appreciation by predominantly investing in equity & equity related securities of companies and units of global mutual funds/ETFs that can benefit from innovation strategies and themes. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Investors with a long horizon who can tolerate meaningful falls in value.
Share-price volatility, valuation risk, concentration and tracking risk where applicable.
How the money may be invested
•Equity & Equity related securities of companies adopting innovation strategies and themes & Overseas Securities adopting innovation strategies and themes = 80% - 100% •Other Equity & Equity related instruments = 0%- 20% •Money market instruments, other liquid instruments^, Units of Overnight funds, Liquid funds and Money Market funds =0% - 20% •InvITs=0%- 10% ^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.
- SEBI category
- Equity Scheme - Thematic Fund
- Fund type
- Open Ended
- Primary benchmark
- Nifty 500 TRI
Use the latest monthly portfolio
Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.
Manager and scheme tenure
- Fund manager(s)
- Mr. Vaibhav Dusad
- Manager tenure on this scheme
- Mr. Vaibhav Dusad — since 28 April 2023
- Role / co-management
- Mr. Vaibhav Dusad — Comanage
The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.
Latest NAV records
NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.
| Plan / option reported by AMFI | NAV | Date |
|---|---|---|
| ICICI Prudential Innovation Fund - Direct Plan - Growth | ₹20.2900 | 04 Sep 2026 |
| ICICI Prudential Innovation Fund - Direct Plan - IDCW | ₹17.1800 | 04 Sep 2026 |
| ICICI Prudential Innovation Fund - Regular Plan - Growth | ₹19.5300 | 04 Sep 2026 |
| ICICI Prudential Innovation Fund - Regular Plan - IDCW | ₹16.4600 | 04 Sep 2026 |
What you pay and how money moves
- Stated expense ratio
- Actual expenses for the month ended August 28, 2026: Regular = 2.14% Direct = 1.18%
- Exit load
- • 1% of applicable Net Asset Value - If the amount sought to be redeemed or switched out within one month from allotment. • Nil - If the amount sought to be redeemed or switched out more than one month from allotment.
- Minimum application
- Rs. 5,000 · multiples of 1
- SIP frequency
- Refer to the current official scheme document.
- Minimum SIP amount
- Refer to the current official scheme document.
- Minimum instalments
- Refer to the current official scheme document.
How a mutual-fund investment is paid
- Complete KYCIdentity, PAN, bank and contact verification are required.
- Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
- Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
- Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
- Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.
Download and verify at source
The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.
Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.