HDFC INNOVATION FUND - REGULAR PLAN - GROWTH OPTION
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Strong capital defense: downside capture of 68% limits losses during market corrections.
- Generated +13.9% annualized alpha (excess return) over its benchmark.
- Cost-efficient: expense ratio of 2.08% is lower than category median (2.52%).
- Limited historical track record under 3 years; long-term cycle performance is still evolving.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +6.04% | +6.32% | -0.28% |
| 3 Months | +2.14% | -0.20% | +2.34% |
| 6 Months | +16.55% | +5.98% | +10.57% |
| 1 Year | +16.18% | +3.90% | +12.28% |
| Since Inception | +15.29% | - | - |
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +18.29% | +4.03% | +14.26% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | +4.37% | +14.08% | +14.58% | +20.87% | 100.0% | 100.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2025-09-19 | 2026-03-31 | -12.7% | 6 months | 2 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity related instruments of companies/entities following the innovation theme: 80% - 100 Equity and Equity related instruments of companies/entities other than those mentioned above | 0% - 20% Units of issued by InvITs: 0% - 10% Money market instruments, Other liquid instruments and Units of Mutual Fund^^ 0% - 20% Gold and Silver instruments: 0% - 20% ^^Units of Domestic Mutual Funds shall only include Overnight Funds, Liquid Funds and Money Market Mutual Funds. Further 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 from time to time. For detailed asset allocation, refer Scheme Information Document (SID) available on the website. |
Investment Objective & Strategy
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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 3,384 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as stretched relative to Sectoral / Thematic schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Sectoral / Thematic Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Invesco India Business Cycle Fund | 7.7 | - | 2.26% | 99.5% | Rs 1,551 cr | Compare → |
| Motilal Oswal Active Momentum Fund | 8.5 | - | - | 54.9% | Rs 1,559 cr | Compare → |
| Bandhan Innovation Fund | 7.9 | - | 2.25% | 85.4% | Rs 3,469 cr | Compare → |
| Motilal Oswal Consumption Fund | 7.3 | - | - | 105.4% | Rs 1,204 cr | Compare → |
| Invesco India Manufacturing Fund | 7.2 | - | 2.53% | 89.5% | Rs 766 cr | Compare → |
Frequently Asked Questions about HDFC INNOVATION FUND
What is the expense ratio of HDFC INNOVATION FUND?
HDFC INNOVATION FUND has a total expense ratio (TER) of 2.08% with a base expense ratio of 1.66%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages HDFC INNOVATION FUND?
HDFC INNOVATION FUND is managed by Amit Sinha (tenure: 1.3 years since 2025-07-17).
What are the historical returns of HDFC INNOVATION FUND?
HDFC INNOVATION FUND has a 1-year return of +16.18%.
How large is HDFC INNOVATION FUND?
HDFC INNOVATION FUND manages assets of Rs 3,384 cr, placing it in the 'stretched' size band relative to Sectoral / Thematic peers.
How is HDFC INNOVATION FUND scored on MFIQ?
HDFC INNOVATION FUND holds an MFIQ Score of 8.5/10 (Strong), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is HDFC INNOVATION FUND?
HDFC INNOVATION FUND has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 15.20% with a maximum historical drawdown of -12.75%.