MonitorDirect · GrowthWatch before adding
UTI Innovation Fund
UTI Mutual FundEquity Schemes - Thematic Fund3 years
The scheme seeks to provide medium to long-term capital appreciation through investment primarily in growth and innovation-oriented equity and equity-related instruments.
- NAV
- 11.3308
- 29 Oct 2026
- 1Y
- -8.1%
- Trailing CAGR
- Upside capture
- +90%
- Vs NIFTY 500 TRI
- Downside capture
- +112%
- 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 · Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
Fits if · Three-year return sits below the 25th percentile of comparable share classes.
Prefer peers if · Prefer 360 ONE QUANT FUND if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Watch
3.0 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 -31.5%. Ask whether you can hold through a similar fall.
Vs category
Fail
0% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Nitin Jain · 2.1 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 ≈ 54.6% 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 32%. 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-8.1%
- 3Y+4.5%
- 5Yn/a
- 10Yn/a
- SI+4.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.3%
- 3Y+0.4%
- 5Yn/a
- 10Yn/a
- Since inception
- +4.1%
- Calendar-day CAGR
- Excess 1Y
- -3.6%
- Category median, same plan and option
- 3Y win rate
- 0%
- Windows beating the median
- 3Y percentile
- 3
- Vs comparable share classes
- SIP 3Y XIRR
- +0.4%
- Simulated monthly SIP
- Worst rolling 3Y
- +2.7%
- 8 daily-ending windows
- Median rolling 3Y
- +3.8%
- 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
- -0.6%
- Fund minus TRI
- 3Y excess
- -5.9%
- Fund minus TRI
- Upside capture
- +90%
- Benchmark-up months
- Downside capture
- +112%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -31.5%
- Worst peak-to-trough
- Current
- -15.6%
- Below last peak
- Current spell
- 766 days
- Days below latest peak
- Time below peak
- +93%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 6 days
- 21 recovered episodes
- Longest recovery
- 26 days
- Trough to prior peak
23 Sept 2024 – open
Trough 23 Mar 2026 · not recovered
-31.5%
31 Jan 2024 – 8 Apr 2024
Trough 13 Mar 2024 · recovered in 26 days
-9.3%
8 Apr 2024 – 13 Jun 2024
Trough 4 Jun 2024 · recovered in 9 days
-8.4%
2 Aug 2024 – 12 Aug 2024
Trough 6 Aug 2024 · recovered in 6 days
-4.7%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
3
Vs category
27
Consistency
2
Risk-adjusted
25
Drawdown
21
Mean
16
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
- Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
- Three-year return sits below the 25th percentile of comparable share classes.
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
No supporting reads in the current evidence set.
Portfolio
30 Sept 2026 · 34 holdings · top 10 are 54.6%.
- Top 5
- 35.3%
- Top 10
- 54.6%
- Largest holding
- 9.4%
- Effective holdings
- 22.7
Zomato Ltd
Technology
9.4%
Info Edge (India) Ltd
Technology
9.1%
FSN E-Commerce Ventures Ltd
Consumer Discretionary
6.2%
Affle (India) Ltd
Industrials
5.7%
Ami Organics Ltd
Healthcare
4.9%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
360 ONE QUANT FUND
360 ONE Mutual Fund
- 1Y
- -8.9%
- 3Y
- +13.5%
- Vol
- 16.6%
- Max DD
- -22.4%
- Sharpe
- 0.56
- 3Y win
- +91%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
HSBC India Export Opportunities Fund
HSBC Mutual Fund
- 1Y
- +13.7%
- 3Y
- n/a
- Vol
- 16.1%
- Max DD
- -20.5%
- Sharpe
- 0.17
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Invesco India Business Cycle Fund
Invesco Mutual Fund
- 1Y
- +7.6%
- 3Y
- n/a
- Vol
- 17.5%
- Max DD
- -16.0%
- Sharpe
- 1.08
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Mahindra Manulife Business Cycle Fund
Mahindra Manulife Mutual Fund
- 1Y
- -3.8%
- 3Y
- +16.3%
- Vol
- 15.7%
- Max DD
- -21.4%
- Sharpe
- 0.58
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Nippon India Consumption Fund
Nippon India Mutual Fund
- 1Y
- -11.6%
- 3Y
- +8.5%
- Vol
- 15.7%
- Max DD
- -31.0%
- Sharpe
- 0.48
- 3Y win
- +46%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns