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ICICI Prudential Innovation Fund

ICICI Prudential Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

This innovation-focused fund maintains a broadly diversified yet moderately concentrated positioning, with pharma, retail, and autos collectively representing nearly 30% of the portfolio. The manager's recent moves—trimming defensive Pidilite and HDFC Life while adding cyclical plays like Suzlon and infrastructure names such as CCIL—suggest confidence in economic momentum and appetite for higher-beta exposure. The tight top-10 concentration of 31% alongside 64 holdings indicates selective stock-picking conviction rather than thematic sprawl.

Portfolio analysis · April 2026

NAV & Returns

PlanNAV1M1Y3Y CAGR5Y CAGR
Direct Growth₹18.9700————
Regular Growth₹18.3100+1.16%+2.01%+22.05%—
Direct IDCW₹16.0600————
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings
61
Top 5 Weight
18.29%
Top 10 Weight
31.25%
Max Position
4.74%
Conviction Bets
18
Gini
0.320
Large Cap
43.45%
Mid Cap
28.43%
Small Cap
21.79%
Top Sector
Pharmaceuticals & Biotechnology
Sector Count
27
HHI (bps)
20,695

vs Category Peers

Highly Differentiated
Active Share
74.48%
vs peer portfolio
Weight Overlap
22.30%
with avg peer
Cosine Similarity
0.506
portfolio angle
Peer Count
237
funds in category

Active Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.

Similar Funds in Category

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What Changed2026-03-31 → 2026-04-30

Holdings: 63 → 64+5 added−4 removed38 weight shifts ≥ 0.1%
StockWeight
Medplus Health Services Ltd0.98%
Container Corporation Of India Ltd.0.87%
Multi Commodity Exchange Of India Ltd.0.85%
ITC Hotels Ltd0.80%
Suzlon Energy Ltd.0.55%

Full Holdings

#Holding% to NAV
1
ICICI Bank Ltd.
INE090A01021
4.74%
2
Maruti Suzuki India Ltd.
INE585B01010
4.51%
3
Axis Bank Ltd.
INE238A01034
3.09%
4
Mankind Pharma Ltd.
INE634S01028
3.05%
5
Computer Age Management Services Ltd.
INE596I01020
2.90%
6
NTPC Ltd.
INE733E01010
2.75%
7
Tata Motors Passenger Vehicles Ltd.
INE155A01022
2.60%
8
Eternal Ltd.
INE758T01015
2.56%
9
360 One Wam Ltd.
INE466L01038
2.53%
10
Supreme Industries Ltd.
INE195A01028
2.51%
11
TVS Motor Company Ltd.
INE494B01023
2.47%
12
Apollo Hospitals Enterprise Ltd.
INE437A01024
2.37%
13
ZF Commercial Vehicle Control Systems India Ltd
INE342J01019
2.36%
14
Sagility India Ltd
INE0W2G01015
2.19%
15
Bharti Airtel Ltd.
INE397D01024
2.13%
16
Swiggy Ltd
INE00H001014
2.13%
17
Vijaya Diagnostic Centre Ltd.
INE043W01024
2.10%
18
COFORGE Ltd.
INE591G01025
2.02%
19
Blue Star Ltd.
INE472A01039
1.94%
20
Bharti Hexacom Ltd.
INE343G01021
1.90%

Sector Allocation

Pharmaceuticals & Biotechnology10.6%
Retailing9.7%
Automobiles9.6%
Banks7.8%
It - Software7.5%
Healthcare Services7.1%
Capital Markets6.3%
Industrial Products4.6%
Telecom - Services4.0%
Consumer Durables3.4%

Top 10 sectors by % to NAV. Excludes derivatives.

Frequently Asked Questions

How many stocks does ICICI Prudential Innovation Fund hold?

ICICI Prudential Innovation Fund holds 61 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 18.29% of NAV.

What is the largest holding in ICICI Prudential Innovation Fund?

The largest position in ICICI Prudential Innovation Fund is ICICI Bank Ltd., accounting for 4.74% of NAV in the Banks sector.

Is ICICI Prudential Innovation Fund a concentrated or diversified fund?

With a Gini coefficient of 0.320, ICICI Prudential Innovation Fund is well-diversified. The HHI concentration index is 20,695 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 18.29% of the portfolio.

What is the market cap allocation of ICICI Prudential Innovation Fund?

Based on SEBI's AMFI classification, ICICI Prudential Innovation Fund's equity portfolio is split as: Large Cap: 43.45%, Mid Cap: 28.43%, Small Cap: 21.79%. This reflects the fund's positioning within the market cap spectrum.

Which sectors does ICICI Prudential Innovation Fund invest in most?

ICICI Prudential Innovation Fund has the highest allocation to Pharmaceuticals & Biotechnology (10.56%), Retailing (9.72%), Automobiles (9.58%). The fund is invested across 27 sectors in total.

How actively managed is ICICI Prudential Innovation Fund compared to other Sectoral / Thematic funds?

ICICI Prudential Innovation Fund has an Active Share of 74.48%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.

What changed in ICICI Prudential Innovation Fund's portfolio in the latest month?

Between 2026-03-31 and 2026-04-30, ICICI Prudential Innovation Fund added 5 new stocks (including Medplus Health Services Ltd) and exited 4 stocks (including Brigade Enterprises Ltd.). Total holding count increased from 63 to 64 stocks.