HDFC Innovation Fund - Direct Plan
Value Research Rating
Our Opinion
Riskometer
Very High
₹10.5960 0.34%
As on 07-May-2026
Returns
Risk
This fund has Very High risk.
As per SEBI's Riskometer.
Portfolio of HDFC Innovation Fund - Direct Plan
Asset Allocation
Split between different types of investments
Market Cap Weightage
Split between categories of Equity investments
We have shifted from our proprietary CapRank classification system to SEBI’s market cap classification system with effect from 14 Jan, 2026.
Peer Comparison
|
Fund name
|
Rating |
Our Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|---|---|---|---|---|---|---|
|
HDFC Innovation Fund - Direct Plan
|
|
Very High
|
loading... |
0.75 |
||
|
|
Very High
|
loading... |
1.77 |
|||
|
|
Very High
|
loading... |
0.94 |
|||
|
|
Very High
|
loading... |
0.76 |
|||
|
|
Very High
|
loading... |
1.24 |
Other details of HDFC Innovation Fund - Direct Plan
Assets
₹2,356 Cr
Exit Load (Days)
1.00 (30)
Min. Investment (₹)
100
Min. Withdrawal (₹)
100
Min. SIP Investment (₹)
100
Min. No of Cheques
6
About HDFC Innovation Fund - Direct Plan
HDFC Innovation Fund - Direct Plan is a equity mutual fund scheme of HDFC Mutual Fund. Launched on July 17, 2025, it is currently managed by Amit Sinha. The fund has an expense ratio of 0.75% with an overall AUM (Assets Under Management) of ₹2,356 Cr.
The scheme seeks to generate long-term capital appreciation / income by investing in companies that are adopting innovative themes and strategies. There is no assurance that the investment objective of the scheme will be achieved. The fund allows minimum lumpsum investment of ₹100 and minimum SIP of ₹100.
Investment Strategy
The scheme seeks to generate long-term capital appreciation / income by investing in companies that are adopting innovative themes and strategies. There is no assurance that the investment objective of the scheme will be achieved.
Suitability
Innovation funds are suitable for investors:
- Seeking exposure in a diversified set of stocks with a focus on innovation theme for high returns
- Aiming for long term wealth creation
- With a 5+ year investment horizon
- Who are at ease with the market's ups and downs
Note:
- Invest only through SIP
Capital Gains Taxation
- If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1.25 lakh in a financial year are exempt from tax. Gains over Rs 1.25 lakh are taxed at the rate of 12.5%.
- If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 20%.
- No tax is to be paid as long as you continue to hold the units.
Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.
Dividend Taxation
- Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 10,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.
FAQ for HDFC Innovation Fund - Direct Plan
How to Invest in HDFC Innovation Fund - Direct Plan?
Subscribers of Value Research Fund Advisor can conveniently invest in the low-cost direct plan of HDFC Innovation Fund - Direct Plan through the Value Research Fund Advisor website.
Alternatively, mutual funds can also be purchased directly from the respective fund house’s website. For example, HDFC Innovation Fund - Direct Plan can be bought from the HDFC Mutual Fund website. In such a case, if you are investing in multiple funds from different fund houses, you will need to transact separately on each fund house’s website.
The third option is to invest offline, by seeking assistance from a mutual fund distributor. Most banks also act as mutual fund distributors, and you can approach your bank for help in completing your investment.
What is the current NAV of HDFC Innovation Fund - Direct Plan Today?
The latest declared NAV of HDFC Innovation Fund - Direct Plan, is ₹10.5960 as of 08-May-2026.
What are the top holdings of HDFC Innovation Fund - Direct Plan?
| Company | Percentage of Portfolio |
|---|---|
|
9.09
|
|
|
4.49
|
|
|
4.46
|
|
|
4.38
|
|
|
4.30
|
What is the return of HDFC Innovation Fund - Direct Plan in the last 5 years?
Over the past five years, HDFC Innovation Fund - Direct Plan has delivered an annualised return of --% as of 08-May-2026.
What is the minimum investment required in HDFC Innovation Fund - Direct Plan?
The minimum investment required to start investing in HDFC Innovation Fund - Direct Plan is ₹100 for the lump sum option and ₹100 for the SIP (Systematic Investment Plan) option.
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.