MonitorDirect · Growth
ICICI Prudential Innovation Fund
ICICI Prudential Mutual FundEquity Scheme - Sectoral/ Thematic3.4 years
The scheme seeks to generate long term capital appreciation by predominantly investing in equity & equity related securities of companies and units of global mutual funds/ETFs that can benefit from innovation strategies and theme.
- NAV
- 19.78
- 15 Sept 2026
- 1Y
- +4.2%
- Trailing CAGR
- Upside capture
- +118%
- Vs NIFTY 500 TRI
- Downside capture
- +72%
- Lower is better
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+4.2%
- 3Y+18.4%
- 5Yn/a
- 10Yn/a
- SI+23.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+7.6%
- 3Y+11.5%
- 5Yn/a
- 10Yn/a
- Since inception
- +23.0%
- Calendar-day CAGR
- Excess 1Y
- -1.9%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 74
- Vs comparable share classes
- Worst rolling 3Y
- +18.4%
- 93 daily-ending windows
- Median rolling 3Y
- +21.4%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
- SIP 3Y XIRR
- +11.5%
- Simulated monthly SIP
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 15 Sept 2026.
- 1Y excess
- +4.3%
- Fund minus TRI
- 3Y excess
- +8.3%
- Fund minus TRI
- Upside capture
- +118%
- Benchmark-up months
- Downside capture
- +72%
- Lower is better
Drawdown
Peak to trough from a running NAV high. Move across the path to read a date.
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 9 days
- 64 recovered episodes
- Longest recovery
- 173 days
- Trough to prior peak
- Current spell
- 16 days
- Days below latest peak
- Time below peak
- +76%
- NAV observations
27 Sept 2024 – 20 Aug 2025
Trough 28 Feb 2025 · recovered in 173 days
-16.5%
7 Jan 2026 – 29 Jul 2026
Trough 30 Mar 2026 · recovered in 121 days
-15.5%
11 Sept 2023 – 15 Nov 2023
Trough 26 Oct 2023 · recovered in 20 days
-5.1%
24 May 2024 – 7 Jun 2024
Trough 4 Jun 2024 · recovered in 3 days
-4.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
74
Vs category
38
Consistency
98
Risk-adjusted
94
Drawdown
59
Mean
72
Portfolio
31 Aug 2026 · 81 holdings · top 10 are 32.6%.
- Top 5
- 19.6%
- Top 10
- 32.6%
- Largest holding
- 5.0%
- Effective holdings
- 54.2
ICICI Bank Ltd
Financial
5.0%
Zomato Ltd
Technology
3.8%
Maruti Suzuki India Ltd
Consumer Discretionary
3.6%
Axis Bank Ltd
Financial
2.9%
Sagility India Ltd.
Industrials
2.8%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
11 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
10 Sept 2026
Decision
Quantitative read of the live evidence. An explanation can only restate what is already here.
As of 11 Sept 2026
Monitor
Engine status
Monitor
Recent evidence
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Supporting reads
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Worth investigating
Same-category peers with enough history to inspect beside this fund.
Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan
Aditya Birla Sun Life Mutual Fund
- 1Y
- -2.5%
- 3Y
- +20.3%
- Vol
- 16.8%
- Max DD
- -42.2%
- Sharpe
- 0.20
- 3Y win
- n/a
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Baroda BNP Paribas Energy Opportunities Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +0.7%
- 3Y
- n/a
- Vol
- 13.8%
- Max DD
- -9.7%
- Sharpe
- 0.33
- 3Y win
- n/a
- Shallower drawdown
Caveat: Higher volatility · Lower trailing returns
Motilal Oswal Active Momentum Fund
Motilal Oswal Mutual Fund
- 1Y
- +25.5%
- 3Y
- n/a
- Vol
- 17.1%
- Max DD
- -16.6%
- Sharpe
- 1.25
- 3Y win
- n/a
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Sundaram Multi-Factor Fund
Sundaram Mutual Fund
- 1Y
- -5.2%
- 3Y
- n/a
- Vol
- 13.5%
- Max DD
- -14.9%
- Sharpe
- -0.59
- 3Y win
- n/a
- Shallower drawdown
Caveat: Higher volatility · Lower trailing returns