| Launch date | 27 Jun 2025 |
| Allotment date | 17 Jul 2025 |
| End date | 11 Jul 2025 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: NA
Inclusive of GST
Exit load
Exit load of 1%, if redeemed within 1 month.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹100 |
| Min. for 2nd investment onwards | ₹100 |
| Min. for SIP | ₹100 |
Fund management
Amit SinhaJun 2025 - PresentView details
Dhruv MuchhalJun 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #2 in India |
|---|---|
| Total AUM | ₹8,39,041.64Cr |
| Date of Incorporation | 10 Dec 1999 |
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HDFC Innovation Fund Direct Growth is a Equity Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 10 Dec 1999. Amit Sinha is the Current Fund Manager of HDFC Innovation Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹8,39,042 Cr and the Latest NAV as of 27 Jun 2025 is ₹10.00. The HDFC Innovation Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. Exit load of 1%, if redeemed within 1 month. ;
Investment Objective
The scheme seeks to generate long-term capital appreciation / income by investing in companies that are adopting innovative themes and strategies. There is no assurance that the investment objective of the scheme will be achieved. ;
| Fund benchmark | NIFTY 500 Total Return Index |
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