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ICICI Prudential Innovation Fund - Growth is an equity scheme managed by ICICI Prudential Mutual Fund. Over rolling three-year windows since inception, investors earned a median compounded return of 21.89%, with the bottom and top quartiles at 21.39% and 22.21% respectively. It has ranked in the top half of its category for 2 of the last 2 reported years. Risk-adjusted return (Sharpe ratio) is 0.00. The total expense ratio is 2.79% on assets of ₹7,291Cr. The fund is currently managed by Vaibhav Dusad, appointed within the last year.
Lower is better.
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
| Scheme | AMC | AUM | TER | 3Y |
|---|
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| P75 |
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| Max |
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| Positive % |
|---|
| 1Y | -2.07% | 6.30% | 11.30% | 47.43% | 62.54% | 98.9% |
| 3Y | 20.45% | 21.39% | 21.89% | 22.21% | 22.64% | 100.0% |
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 2 data points.
| 5Y |
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| Star |
|---|
| Kotak Pioneer Fund- Direct Plan- Growth Option | Kotak Mahindra Mutual Fund | ₹3,495 Cr | 0.52% | +21.53% | +16.98% | 5★ |
| Kotak Pioneer Fund- Regular Plan- Growth Option | Kotak Mahindra Mutual Fund | ₹3,495 Cr | 1.86% | +19.84% | +15.27% | 5★ |
| Axis Innovation Fund - Direct Plan - Growth Option | Axis Mutual Fund | ₹1,178 Cr | 1.18% | +15.70% | +12.57% | 4★ |
| Axis Innovation Fund - Regular Plan - Growth Option | Axis Mutual Fund | ₹1,178 Cr | 2.18% | +14.49% | +11.20% | 4★ |
| Bandhan Innovation Fund - Regular Plan - Growth | Bandhan Mutual Fund | ₹2,102 Cr | 3.77% | — | — | 3★ |
| Bandhan Innovation Fund - Direct Plan - Growth | Bandhan Mutual Fund | ₹2,102 Cr | 2.31% | — | — | 4★ |
| Union Innovation & Opportunities Fund - Regular Plan - Growth Option | Union Mutual Fund | ₹1,105 Cr | 2.14% | — | — | 2★ |
| SBI Innovative Opportunities Fund - Regular Plan - Growth | SBI Mutual Fund | ₹4,988 Cr | 1.94% | — | — | 1★ |
| Union Innovation & Opportunities Fund - Direct Plan - IDCW Option | Union Mutual Fund | ₹1,105 Cr | 0.80% | — | — | 3★ |
| SBI Innovative Opportunities Fund - Direct Plan - Growth | SBI Mutual Fund | ₹4,988 Cr | 0.94% | — | — | 1★ |