| Launch date | 10 Apr 2023 |
| Allotment date | 27 Apr 2023 |
| End date | 24 Apr 2023 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.76%
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 | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹100 |
Fund management
Vaibhav DusadApr 2023 - PresentView details
Sharmila D'SilvaApr 2023 - PresentView details
Fund house & investment objective
| Rank (total assets) | #3 in India |
|---|---|
| Total AUM | ₹11,24,266.03Cr |
| Date of Incorporation | 12 Oct 1993 |
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ICICI Prudential Innovation Fund Direct Growth is a Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 12 Oct 1993. Vaibhav Dusad is the Current Fund Manager of ICICI Prudential Innovation Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹11,24,266 Cr and the Latest NAV as of 02 Apr 2026 is ₹17.31. The ICICI Prudential Innovation Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹5,000. Exit load of 1%, if redeemed within 1 month. ;
Investment Objective
The scheme seeks 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 theme. ;
| Fund benchmark | NIFTY 500 Total Return Index |
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