HDFC Innovation Fund - Regular Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Sectoral/Thematic

Fund House : HDFC Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 10.37 -1.12%
(as on 21st November, 2025)

Crisil Rating

Not Rated

Rank not available for the fund

Fund Size

: ₹ 2729.6 Cr

(0.52% of Investment in Category)

Expense Ratio

: 1.96%

(2.13% Category average)

Risk-O-Meter

Very High Risk

Sectoral/Thematic :Sectoral/Thematic : The fund has 95.45% investment in domestic equities of which 22.31% is in Large Cap stocks, 18.31% is in Mid Cap stocks, 6.14% in Small Cap stocks.

Suitable For : Investors who have advanced knowledge of macro trends and prefer to take selective bets for higher returns compared to other Equity funds. At the same time, these investors should also be ready for possibility of moderate to high losses in their investments even though overall market is performing better.

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This Scheme

VS

Benchmark
Nifty 500 TRI

0.24%

2.99%

5.44%

10.13%

17.43%

18.82%

12.59%
NA
-0.24%

1.98%

5.6%

7.2%

17.58%

20.35%

12.29%

NA
Gold

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VIP (Value Avg)

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Returns (NAV as on 20th November, 2025)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	13-Nov-25	10108.90	1.09%	-	0.41%	118/238
1 Month	20-Oct-25	10072.00	0.72%	-	0.54%	125/238
3 Month	20-Aug-25	10347.30	3.47%	-	2.77%	110/237
Since Inception	17-Jul-25	10475.50	4.75%	14.40%	12.65%	184/218

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 20th November, 2025)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
No Data Found

SIP Calculator Detailed Returns Analysis

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not included. If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 20%. Any cess/surcharge is not included in the 20%.

Portfolio (Updated on 31st Oct,2025)

Equity Holding : 95.45% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 95.45%

No of Stocks : 60 (Category Avg - 44.44) | Large Cap Investments : 22.31%| Mid Cap Investments : 18.31% | Small Cap Investments : 6.14% | Other : 48.69%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Eternal Ltd.	E-retail/ e-commerce	2506	9.18%	-0.71%	9.89% (Sep 2025)	0% (Nov 2024)	78.87 L	0.00
Bajaj Finance Ltd.	Non banking financial company (nbfc)	1480.8	5.42%	-0.05%	5.47% (Sep 2025)	0% (Nov 2024)	14.20 L	0.00
PB Fintech Ltd.	Financial technology (fintech)	1313	4.81%	0.37%	5.03% (Jul 2025)	0% (Nov 2024)	7.35 L	57.98 k
Divis Laboratories Ltd.	Pharmaceuticals	1169.2	4.28%	0.80%	4.28% (Oct 2025)	0% (Nov 2024)	1.74 L	15.00 k
Bharat Electronics Ltd.	Aerospace & defense	1077.6	3.95%	0.06%	3.95% (Oct 2025)	0% (Nov 2024)	25.29 L	29.00 k
Info Edge (India) Ltd.	Internet & catalogue retail	970.5	3.56%	0.01%	3.8% (Aug 2025)	0% (Nov 2024)	7.04 L	0.00
Reliance Industries Ltd.	Refineries & marketing	936.4	3.43%	0.12%	3.43% (Oct 2025)	0% (Nov 2024)	6.30 L	0.00
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	918.1	3.36%	-0.51%	4.51% (Jul 2025)	0% (Nov 2024)	2.63 L	-0.30 L
Hindustan Aeronautics Ltd.	Aerospace & defense	748.8	2.74%	-0.19%	2.97% (Jul 2025)	0% (Nov 2024)	1.60 L	0.00
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	719.5	2.64%	0.03%	2.7% (Aug 2025)	0% (Nov 2024)	4.26 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
TREPS	TREPS	3.96%
Net Receivables	Net Receivables	0.59%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 01st January, 1970)

No data available. Ratios are only available for the funds which are 3 years old.

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Nippon India Taiwan Equity Fund - Regular Plan - Growth	NA	421.51	-2.37	13.08	40.29	39.21	33.89
Quant BFSI Fund - Regular Plan - Growth	NA	680.73	2.83	7.85	18.69	27.03	0.00
Aditya Birla Sun Life International Equity Fund - Regular Plan - Growth	NA	273.51	-2.06	1.78	11.75	25.91	14.27
HDFC Transportation and Logistics Fund - Regular Plan - Growth	NA	1733.63	-1.44	4.49	18.51	22.98	0.00
Franklin Asian Equity Fund - Growth	NA	297.12	-0.22	8.60	16.61	22.92	12.87
DSP Banking & Financial Services Fund - Regular Plan - Growth	NA	1518.73	0.51	5.55	6.74	21.50	0.00
SBI Banking & Financial Services Fund - Regular Plan - Growth	NA	9273.44	1.34	5.13	10.41	21.35	19.77
ITI Banking and Financial Services Fund - Regular Plan - Growth	NA	333.18	1.92	6.90	8.57	20.83	13.63
Mirae Asset Banking and Financial Services Fund - Growth	NA	2130.33	1.93	5.94	8.72	19.90	17.47
UTI Transportation and Logistics Fund - Growth	NA	4008.33	-0.91	5.19	15.83	18.68	25.20

Detailed Comparison

More Funds from HDFC Mutual Fund

Out of 123 mutual fund schemes offered by this AMC, 4 is/are ranked 5 * , 9 is/are ranked 4 * , 16 is/are ranked 3 * , 5 is/are ranked 2 * , 1 is/are ranked 1 * , and 88 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
HDFC Balanced Advantage Fund - Growth	4	106493.55	0.85	3.26	4.16	9.08	18.51
HDFC Flexi Cap Fund - Growth	5	91041.00	0.09	3.13	6.52	13.09	21.82
HDFC Mid Cap Fund - Growth	4	89383.23	1.41	4.01	8.38	11.57	26.05
HDFC Liquid Fund - Growth	3	61646.54	0.49	1.43	2.95	6.60	6.95
HDFC Large Cap Fund - Growth	3	39779.26	0.56	3.62	5.57	11.49	14.40
HDFC Large Cap Fund - Growth	3	39779.26	0.42	2.53	4.24	8.45	16.03
HDFC Small Cap Fund - Growth	4	38412.10	-1.31	-1.51	5.80	5.65	21.92
HDFC Money Market Fund - Growth	3	36903.78	0.52	1.46	3.18	7.49	7.47
HDFC Corporate Bond Fund - Growth	2	36133.95	0.33	1.70	2.06	7.79	7.83
HDFC Large and Mid Cap Fund - Regular - Growth	4	28486.64	-0.05	2.42	5.78	9.26	20.51