MonitorDirect · GrowthWatch before adding
ICICI Prudential Innovation Fund
ICICI Prudential Mutual FundEquity Scheme - Sectoral/ Thematic3.5 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
- 19.09
- 30 Oct 2026
- 1Y
- -2.6%
- Trailing CAGR
- Upside capture
- +118%
- Vs NIFTY 500 TRI
- Downside capture
- +77%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Prefer peers if · Prefer Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Watch
3.5 years - usable, still building a track record.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.24% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -16.5%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Sharmila D'Silva · 3.6 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 28.2% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 17%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
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-2.6%
- 3Y+18.5%
- 5Yn/a
- 10Yn/a
- SI+20.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+0.3%
- 3Y+7.2%
- 5Yn/a
- 10Yn/a
- Since inception
- +20.6%
- Calendar-day CAGR
- Excess 1Y
- -0.1%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 75
- Vs comparable share classes
- SIP 3Y XIRR
- +7.2%
- Simulated monthly SIP
- Worst rolling 3Y
- +16.9%
- 124 daily-ending windows
- Median rolling 3Y
- +20.9%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- +5.0%
- Fund minus TRI
- 3Y excess
- +8.1%
- Fund minus TRI
- Upside capture
- +118%
- Benchmark-up months
- Downside capture
- +77%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -16.5%
- Worst peak-to-trough
- Current
- -6.4%
- Below last peak
- Current spell
- 64 days
- Days below latest peak
- Time below peak
- +77%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 9 days
- 64 recovered episodes
- Longest recovery
- 173 days
- Trough to prior peak
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%
26 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-9.5%
11 Sept 2023 – 15 Nov 2023
Trough 26 Oct 2023 · recovered in 20 days
-5.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
75
Vs category
50
Consistency
95
Risk-adjusted
82
Drawdown
59
Mean
72
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
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.
Portfolio
30 Sept 2026 · 85 holdings · top 10 are 28.2%.
- Top 5
- 16.9%
- Top 10
- 28.2%
- Largest holding
- 4.7%
- Effective holdings
- 57.6
ICICI Bank Ltd
Financial
4.7%
Zomato Ltd
Technology
4.0%
Axis Bank Ltd
Financial
2.9%
Bharti Hexacom Ltd.
Technology
2.7%
Repo
Unspecified
2.6%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
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
- 0.16
- 3Y win
- n/a
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Baroda BNP Paribas Energy Opportunities Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- -7.4%
- 3Y
- n/a
- Vol
- 13.9%
- Max DD
- -16.1%
- Sharpe
- 0.01
- 3Y win
- n/a
- Shallower drawdown
Caveat: Higher volatility · Higher TER · Lower trailing returns
Sundaram Multi-Factor Fund
Sundaram Mutual Fund
- 1Y
- -9.3%
- 3Y
- n/a
- Vol
- 13.6%
- Max DD
- -14.9%
- Sharpe
- -0.74
- 3Y win
- n/a
- Shallower drawdown
Caveat: Higher volatility · Higher TER · Lower trailing returns
Aditya Birla Sun Life Transportation and Logistics Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +7.8%
- 3Y
- n/a
- Vol
- 18.1%
- Max DD
- -28.2%
- Sharpe
- 0.76
- 3Y win
- n/a
- Lower TER
Caveat: Higher volatility · Deeper drawdown · Lower trailing returns
Franklin India Technology Fund
Franklin Templeton Mutual Fund
- 1Y
- -8.7%
- 3Y
- +11.1%
- Vol
- 16.7%
- Max DD
- -30.7%
- Sharpe
- 0.69
- 3Y win
- +59%
- Lower TER
Caveat: Higher volatility · Deeper drawdown · Lower trailing returns