Tata India Innovation Fund
The fund maintains a growth-oriented stance through selective exposure to innovation-driven sectors like healthcare, IT, and discretionary consumption, though banking's 16% weight suggests pragmatic balance. The manager's modest cash raise and trimming of Axis Bank signal tactical consolidation rather than conviction shifts, while the addition of Havells indicates a rotational tilt toward consumer-focused industrials. The concentrated top-10 structure at one-third of portfolio assets reflects conviction in quality names, though this leaves limited room for fresh opportunities in an innovation-focused mandate.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹9.4698 | — | — | — | — | — | — |
| Regular Growth | ₹9.2633 | +3.52% | -2.08% | -6.64% | -0.21% | — | — |
| Direct IDCW | ₹9.4698 | — | — | — | — | — | — |
| Direct IDCW | ₹9.4698 | — | — | — | — | — | — |
| Regular IDCW | ₹9.2633 | — | — | — | — | — | — |
| Regular IDCW | ₹9.2633 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| HAVELLS INDIA LTD | 0.46% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI BANK LTD INE090A01021 | 4.43% |
| 2 | ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD INE742F01042 | 4.06% |
| 3 | RELIANCE INDUSTRIES LTD INE002A01018 | 3.85% |
| 4 | DR. LAL PATH LABS LTD INE600L01024 | 3.28% |
| 5 | BHARTI AIRTEL LTD INE397D01024 | 3.25% |
| 6 | AXIS BANK LTD INE238A01034 | 3.22% |
| 7 | LARSEN & TOUBRO LTD INE018A01030 | 2.99% |
| 8 | APOLLO HOSPITALS ENTERPRISE LTD INE437A01024 | 2.86% |
| 9 | A) REPO | 2.74% |
| 10 | ETERNAL LTD INE758T01015 | 2.72% |
| 11 | VISHAL MEGA MART LTD INE01EA01019 | 2.48% |
| 12 | HERO MOTOCORP LTD INE158A01026 | 2.43% |
| 13 | HDFC BANK LTD INE040A01034 | 2.41% |
| 14 | TECH MAHINDRA LTD INE669C01036 | 2.40% |
| 15 | MAHINDRA & MAHINDRA LTD INE101A01026 | 2.39% |
| 16 | TATA COMMUNICATIONS LTD INE151A01013 | 2.31% |
| 17 | ACUTAAS CHEMICALS LTD INE00FF01025 | 2.28% |
| 18 | CASH / NET CURRENT ASSET | 2.23% |
| 19 | PB FINTECH LTD INE417T01026 | 2.20% |
| 20 | THERMAX LTD INE152A01029 | 2.17% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.