QUICK FUND SUMMARY
HDFC Innovation Fund Growth is an equity mutual fund managing assets worth ₹2,760.39 Cr. The current NAV is ₹11.22 as of Jul 20. It has delivered a maximum CAGR of 12.06%. Investors can start with a minimum SIP amount of ₹100. The fund primarily holds Eternal Ltd., Bajaj Finance Ltd., Reliance Industries Ltd., PB Fintech Ltd. and Divi's Laboratories Ltd..
HDFC Innovation Fund Details
Fund Size | ₹2,760.39 Cr |
Type | Equity: Sectoral/Thematic |
Minimum Investment | ₹100 |
NAV (Jul 20) | ₹11.22 |
Plan Type | Regular |
Launch Date | 17 Jul 2025 |
Lock in Period | 0 days |
Plan Option | Growth |
Expense Ratio | 2.09% |
Withdrawal Charge | Exit load of 1%, if redeemed within 1 month. |
HDFC Innovation Fund Holdings
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HDFC Innovation Fund Risk Indicator
The risk of the scheme is very high
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FAQs on HDFC Innovation Fund
HDFC Innovation Fund is a Growth Equity mutual fund managed by HDFC Mutual Fund.
The current NAV of HDFC Innovation Fund is ₹11.22 as of Jul 20.
You can invest in HDFC Innovation Fund directly on share.market by searching for the fund, selecting your preferred mode (SIP or Lumpsum), and completing your KYC-verified investment in a few steps.
The minimum SIP amount for HDFC Innovation Fund is ₹100.
The expense ratio of HDFC Innovation Fund is 2.09%.
HDFC Innovation Fund has an exit load as follows: exit load of 1%, if redeemed within 1 month.
Short-term capital gains (STCG) on HDFC Innovation Fund are taxed at a flat rate of 20% (plus applicable surcharge and 4% health & education cess) if you redeem your units within 12 months of purchase. If you hold your units for more than 12 months, the gains are classified as Long-Term Capital Gains (LTCG) and taxed at 12.5% without indexation benefits, but only on the component of total equity capital gains that exceeds ₹1.25 Lakh in a single financial year. Gains up to ₹1.25 Lakh are tax-exempt. The information set out above is included for general information purposes only and does not constitute legal, financial or tax advice. Tax laws are complex and subject to frequent amendments by the Government of India. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the mutual fund scheme.
HDFC Innovation Fund is managed by Mr. Amit Sinha.
Disclaimer: Past performance is not an indicator of future returns.
Mutual Fund investments are subject to market risks, read all scheme related documents and carefully for more information.