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HDFC INNOVATION FUND - DIRECT PLAN - GROWTH OPTION is an equity scheme managed by HDFC Mutual Fund. The total expense ratio is 0.75% on assets of ₹2,621Cr. The fund is currently managed by Mr. Amit Sinha, appointed within the last year.
Lower is better.
This scheme classifies as Large-Growth on the 3x3 equity style box, with 88% of its portfolio classified as of 2026-04-30.
| Holding | Sector |
|---|
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.
What an investor SIPping into this fund actually got during named market shocks.
| 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.
| Weight |
|---|
| Eternal Limited | Consumer Cyclical | 8.82% |
| Reliance Industries Ltd. | Energy | 4.80% |
| Bajaj Finance Ltd. | Financial Services | 4.72% |
| PB Fintech Limited | Financial Services | 4.67% |
| Divis Laboratories Ltd. | Healthcare | 4.30% |
| Bharat Electronics Ltd. | Industrials | 4.16% |
| Mahindra & Mahindra Ltd. | Consumer Cyclical | 3.91% |
| Hindustan Aeronautics Limited | Industrials | 3.05% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.52% |
| LENSKART SOLUTIONS LIMITED | Healthcare | 2.45% |
| The Tata Power Company Ltd. | Utilities | 2.45% |
| GE T&D INDIA LIMITED | Industrials | 2.29% |
| Navin Fluorine International Ltd. | Basic Materials | 2.29% |
| INFO EDGE (INDIA) LIMITED | Communication Services | 2.24% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.19% |
| Laurus Labs Ltd. | Healthcare | 2.09% |
| Rubicon Research Limited | Healthcare | 1.82% |
| Cummins India Ltd. | Industrials | 1.74% |
| Sai Life Sciences Limited | Healthcare | 1.69% |
| SRF Ltd. | Industrials | 1.67% |
| JSW Energy Ltd. | Utilities | 1.67% |
| Sona Blw Precision Forgings | Consumer Cyclical | 1.51% |
| Emmvee Photovoltaic Power Limited | Technology | 1.47% |
| Coforge Limited | Technology | 1.43% |
| Anthem Biosciences Limited | Healthcare | 1.38% |
| Sector | Holdings | Weight |
|---|---|---|
| Pharmaceuticals & Biotechnology | 11 | 19.31% |
| Retailing | 5 | 14.60% |
| Aerospace & Defense | 3 | 7.74% |
| Electrical Equipment | 6 | 7.17% |
| Finance | 2 | 5.26% |
| Auto Components | 5 | 5.07% |
| IT - Software | 6 | 4.93% |
| Power | 3 | 4.91% |
| Petroleum Products | 1 | 4.80% |
| Financial Technology (Fintech) | 1 | 4.67% |
| Chemicals & Petrochemicals | 3 | 4.28% |
| Automobiles | 2 | 4.26% |
| Industrial Products | 1 | 1.74% |
| Personal Products | 1 | 1.36% |
| Leisure Services | 2 | 1.11% |
| Healthcare Services | 1 | 1.08% |
| IT - Services | 1 | 0.97% |
| Diversified FMCG | 1 | 0.93% |
| Diversified | 1 | 0.85% |
| Transport Services | 1 | 0.65% |
| Industrial Manufacturing | 1 | 0.56% |
| Commercial Services & Supplies | 1 | 0.31% |
| Food Products | 1 | 0.01% |
Active bets vs the average Equity fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
How crowded into the same stocks is this fund vs the largest fund in its category?
Category leader = highest-AUM scheme in the same SEBI category. A high overlap-of-weight number means the fund is concentrated into the same names as the leader (crowded); a low one means it's genuinely differentiated.
Top-10 weight 43.4% means the portfolio is broad — even the top names don't dominate. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Equity.
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.
| 5Y |
|---|
| Star |
|---|
| Kotak Pioneer Fund- Direct Plan- Growth Option | Kotak Mahindra Mutual Fund | ₹3,495 Cr | 0.52% | +21.53% | +16.98% | 5★ |
| Axis Innovation Fund - Direct Plan - Growth Option | Axis Mutual Fund | ₹1,178 Cr | 1.18% | +15.70% | +12.57% | 4★ |
| Union Innovation & Opportunities Fund - Direct Plan - IDCW Option | Union Mutual Fund | ₹1,105 Cr | 0.80% | — | — | 3★ |
| Union Innovation & Opportunities Fund - Direct Plan - Growth Option | Union Mutual Fund | ₹1,105 Cr | 0.80% | — | — | 3★ |
| UTI Innovation Fund - Direct Plan - Growth Option | UTI Mutual Fund | ₹740 Cr | 0.99% | — | — | 2★ |
| Baroda BNP Paribas Innovation Fund Direct plan - Growth Option | Baroda BNP Paribas Mutual Fund | ₹870 Cr | 1.05% | — | — | 3★ |
| Baroda BNP Paribas Innovation Fund Direct plan - IDCW Option | Baroda BNP Paribas Mutual Fund | ₹870 Cr | 1.05% | — | — | 3★ |
| Bandhan Innovation Fund - Direct Plan - Growth | Bandhan Mutual Fund | ₹2,102 Cr | 2.31% | — | — | 4★ |
| SBI Innovative Opportunities Fund - Direct Plan - Growth | SBI Mutual Fund | ₹4,988 Cr | 0.94% | — | — | 1★ |