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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹9.5407 | — | — | — | — |
| Regular Growth | ₹9.3323 | +1.77% | -0.90% | — | — |
| Direct IDCW | ₹9.5407 | — | — | — | — |
| Direct IDCW | ₹9.5407 | — | — | — | — |
| Regular IDCW | ₹9.3323 | — | — | — | — |
| Regular IDCW | ₹9.3323 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
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.
Frequently Asked Questions
How many stocks does Tata India Innovation Fund hold?
Tata India Innovation Fund holds 62 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 18.87% of NAV.
What is the largest holding in Tata India Innovation Fund?
The largest position in Tata India Innovation Fund is ICICI BANK LTD, accounting for 4.43% of NAV in the Banks sector.
Is Tata India Innovation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.359, Tata India Innovation Fund is well-diversified. The HHI concentration index is 20,841 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 18.87% of the portfolio.
What is the market cap allocation of Tata India Innovation Fund?
Based on SEBI's AMFI classification, Tata India Innovation Fund's equity portfolio is split as: Large Cap: 46.70%, Mid Cap: 14.33%, Small Cap: 33.99%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Tata India Innovation Fund invest in most?
Tata India Innovation Fund has the highest allocation to Banks (16.07%), Healthcare Services (11.67%), Pharmaceuticals & Biotechnology (7.09%). The fund is invested across 25 sectors in total.
How actively managed is Tata India Innovation Fund compared to other Sectoral / Thematic funds?
Tata India Innovation Fund has an Active Share of 69.14%, classifying it as "Active Stock Picker" among 237 Sectoral / Thematic peers. This indicates a moderate level of differentiation from category peers.
What changed in Tata India Innovation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Tata India Innovation Fund added 1 new stock (including HAVELLS INDIA LTD). Total holding count increased from 63 to 64 stocks.