Tata India Innovation Fund- Regular Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Strong capital defense: downside capture of 73% limits losses during market corrections.
- Generated +3.8% annualized alpha (excess return) over its benchmark.
- 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 | +8.12% | +6.32% | +1.80% |
| 3 Months | +1.06% | -0.20% | +1.26% |
| 6 Months | +9.65% | +5.98% | +3.67% |
| 1 Year | +5.30% | +3.90% | +1.40% |
| Since Inception | +1.41% | - | - |
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +5.27% | +4.03% | +1.24% |
| 2025 | -1.87% | +1.43% | -3.30% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -7.81% | +1.04% | +1.21% | +8.07% | 63.9% | 50.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2025-01-02 | 2026-03-23 | -18.7% | 15 months | 4 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and equity related instruments of companies following innovation theme (80% - 100%),Other Equity & Equity related Instruments and including units of mutual fund (0% - 20%), Money market instruments including units of mutual fund, other liquid instruments**, gold and/or silver instruments/ETF as permitted by SEBI (0% - 20%), Units issued by InvITS. ^ # (0% - 10%) The scheme may invest in another scheme under the same asset management company or any other mutual fund without charging any fees, provided that aggregate inter-scheme investment made by all schemes under the same management or in schemes under the management of any other asset management company shall not exceed 5% of the net asset value of the mutual fund. Such investments shall be made in the schemes which are permitted by SEBI from time to time. ** Other liquid instruments include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by the SEBI. # A mutual fund may invest in the units of InvITs subject to the following: (a) No mutual fund under all its schemes shall own more than 10% of units issued by a single issuer of InvIT; and (b) The scheme shall not invest – i. more than 10% of its NAV in the units of InvIT; and ii. more than 5% of its NAV in the units of InvIT issued by a single issuer Units of Equity Mutual funds will be considered under allocation for Equity and Equity related instruments | Per Scheme Mandate |
Investment Objective & Strategy
The investment objective of the scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 1,302 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable 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 |
|---|---|---|---|---|---|---|
| Bank of India Business Cycle Fund | 4.1 | - | 2.68% | 112.9% | Rs 442 cr | Compare → |
| Union Business Cycle Fund | 4.3 | - | 3.03% | 94.4% | Rs 510 cr | Compare → |
| Kotak Active Momentum Fund | 5.1 | - | 2.73% | 90.4% | Rs 1,647 cr | Compare → |
| Edelweiss Technology Fund | 5.5 | - | 2.42% | 11.6% | Rs 819 cr | Compare → |
| Mahindra Manulife Banking & Financial Services Fund | 5.2 | - | - | 112.5% | Rs 466 cr | Compare → |
Frequently Asked Questions about Tata India Innovation Fund
What is the expense ratio of Tata India Innovation Fund?
Tata India Innovation Fund has a total expense ratio (TER) of 2.39% with a base expense ratio of 1.84%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages Tata India Innovation Fund?
Tata India Innovation Fund is managed by Meeta Shetty (tenure: 2.0 years since 2024-11-28).
What are the historical returns of Tata India Innovation Fund?
Tata India Innovation Fund has a 1-year return of +5.30%.
How large is Tata India Innovation Fund?
Tata India Innovation Fund manages assets of Rs 1,302 cr, placing it in the 'comfortable' size band relative to Sectoral / Thematic peers.
How is Tata India Innovation Fund scored on MFIQ?
Tata India Innovation Fund holds an MFIQ Score of 5.8/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Tata India Innovation Fund?
Tata India Innovation Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 14.58% with a maximum historical drawdown of -18.73%.