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InvestVerdict

HDFC INNOVATION FUND

Direct Plan · IDCW Option · Sectoral / Thematic · Scheme code 153643

NAV₹11.5210as on 30 Oct 2026
Fund houseHDFC Mutual Fund
CategorySectoral / Thematic
Plan & optionDirect · IDCW Option
History1.1 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme 5.4714.7822.50 22.33—— ——18.94
Nifty 500
benchmark		 0.874.312.15 5.2012.4911.41 ——15.49
Sectoral / Thematic
category median		 ——— -5.6313.0410.23 —13.74—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

 VolatilitySharpeSortinoBetaAlphaMax fallR²
This scheme 15.8% 0.79 1.49 0.85 15.86% -12.3% 81.10
Nifty 500
benchmark		 15.2%0.39 0.58—— -37.3%—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the 13 months this scheme and its benchmark share.

Growth of ₹100 since launch

901011121242026InvestVerdict

Drawdown from peak (%)

0%-5%-9%-14%2026

Every one-year period it has lived through

WindowsWorstMedianBestPeriods that lost money
31 10.4% 18.9% 22.3% 0%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

How it behaves against its benchmark

Up captureDown captureCorrelation Tracking errorInformation ratioTreynor
142% 61% 0.90 7.3% 2.23 15.51

Up capture is how much of the benchmark's gain this scheme kept in the months the benchmark rose; down capture, how much of its fall it took. Below 100 on the down side and above it on the up side is the combination every fund is trying for and few reach. Measured over the 13 months this scheme and Nifty 500 share.

InvestVerdict

HDFC INNOVATION FUND

Direct Plan · IDCW Option

Allocation

By asset

Equity93.17%
Cash & Equivalents5.46%
Foreign Securities1.37%

By market cap

Large Cap44.25%
Mid Cap20.97%
Small Cap22.63%
Unclassified6.69%

Concentration

Number of stocks79
Top 5 stocks22.86%
Top 10 stocks36.15%
Top 20 stocks54.32%
Lines in the filing81
Largest holding9.19%
Largest sectorPharmaceuticals & Biotechnology 16.51%
Effective stocks42.5
Sectors held27
Cash5.46%

Effective stocks is what the concentration works out to: a fund holding 79 names but most of its money in a few behaves like a fund of 43. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Pharmaceuticals & Biotechnology — 16.5%Retailing — 14.9%Electrical Equipment — 8.4%Aerospace & Defense — 7.2%Cash & Equivalents — 5.5%Finance — 5.4%Auto Components — 5.4%Automobiles — 4.4%Chemicals & Petrochemicals — 4.1%Other — 28.3%Pharmaceuticals & Biotech…16.5%Retailing14.9%Electrical Equipment8.4%Aerospace & Defense7.2%Cash & Equivalents5.5%Finance5.4%Auto Components5.4%Automobiles4.4%Chemicals & Petrochemicals4.1%Other28.3%
Pharmaceuticals & Biotechnology16.51%
Retailing14.85%
Electrical Equipment8.35%
Aerospace & Defense7.16%
Cash & Equivalents5.46%
Finance5.42%
Auto Components5.42%
Automobiles4.43%
Chemicals & Petrochemicals4.09%
Power3.35%
IT - Software3.27%
Industrial Manufacturing3.07%
IT - Services2.59%
Financial Technology (Fintech)2.55%
Capital Markets2.53%
Petroleum Products1.62%
Metals & Minerals Trading1.44%
Healthcare Services1.14%
Industrial Products1.02%
Leisure Services1.01%
InvestVerdict

HDFC INNOVATION FUND

Direct Plan · IDCW Option · holdings

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 Eternal Limited Retailing 9,055,992 290 9.19%
2 TREPS - Tri-party Repo Unclassified — 156 4.96%
3 Bajaj Finance Ltd. Finance 1,320,000 127 4.02%
4 Divis Laboratories Ltd. Pharmaceuticals & Biotechnology 112,519 105 3.32%
5 Rubicon Research Limited Pharmaceuticals & Biotechnology 624,949 101 3.21%
6 Bharat Electronics Ltd. Aerospace & Defense 2,529,000 98 3.12%
7 Mahindra & Mahindra Ltd. Automobiles 331,285 98 3.10%
8 Hindustan Aeronautics Limited Aerospace & Defense 183,975 86 2.72%
9 Sun Pharmaceutical Industries Ltd. Pharmaceuticals & Biotechnology 441,150 80 2.54%
10 LENSKART SOLUTIONS LIMITED Retailing 1,158,250 79 2.52%
11 PB Fintech Limited Financial Technology (Fintech) 715,432 76 2.41%
12 INFO EDGE (INDIA) LIMITED Retailing 604,120 74 2.34%
13 Navin Fluorine International Ltd. Chemicals & Petrochemicals 87,980 73 2.30%
14 Torrent Pharmaceuticals Ltd. Pharmaceuticals & Biotechnology 147,578 71 2.25%
15 GE Vernova T&D India Limited Electrical Equipment 159,426 67 2.12%
16 The Tata Power Company Ltd. Power 1,445,177 52 1.65%
17 Reliance Industries Ltd. Petroleum Products 430,000 51 1.62%
18 Netweb Technologies India Limited IT - Services 104,385 47 1.51%
19 Karamtara Engineering Limited Electrical Equipment 1,181,121 47 1.48%
20 Sona Blw Precision Forgings Auto Components 553,516 46 1.46%
21 Emmvee Photovoltaic Power Limited Electrical Equipment 1,439,888 45 1.44%
22 ADANI ENTERPRISES LIMTIED Metals & Minerals Trading 156,087 45 1.44%
23 Spectrum Electrical Industries Limited. Industrial Manufacturing 124,875 43 1.37%
24 SRF Ltd. Chemicals & Petrochemicals 170,045 42 1.33%
25 ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED Capital Markets 130,205 41 1.30%
26 JSW Energy Ltd. Power 781,478 39 1.23%
27 Thyrocare Technologies Ltd. Healthcare Services 672,685 36 1.14%
28 Sai Life Sciences Limited Pharmaceuticals & Biotechnology 233,208 36 1.13%
29 Samvardhana Motherson International Ltd. Auto Components 2,081,146 34 1.08%
30 Amagi Media Labs Limited IT - Services 620,453 34 1.08%
InvestVerdict

HDFC INNOVATION FUND

Direct Plan · IDCW Option · where the money sits

What the manager did last month

Between the filings of 30 Jun 2026 and 31 Jul 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

BoughtSoldNew positionsSold out ofPrice move of holdings
₹32 cr ₹203 cr 7 0 +6.76%
StockShares tradedShares PriceValue
₹ cr
New position
ADANI ENTERPRISES LIMTIED 156,087 entered — 47.0
IDEAFORGE TECHNOLOGY LIMITED 298,742 entered — 26.1
INDO-MIM Limited 300,300 entered — 23.3
Diamond Power Infrastructure Limited 695,572 entered — 22.5
SBI Life Insurance Company Ltd. 100,000 entered — 18.8
Ather Energy Limited 111,993 entered — 14.1
SBI Funds Management Limited 101,218 entered — 6.0
Added to
Biocon Ltd. 365,098 +72.7% +1.8% 15.5
Zydus Lifesciences Limited 90,000 +128.6% +1.3% 10.1
Billionbrains Garage Ventures Limited (Groww) 332,271 +22.5% -3.8% 6.5
Trimmed
Reliance Industries Ltd. 340,000 -38.6% +1.1% 44.5
Bharat Forge Ltd. 100,000 -41.8% +2.6% 22.0
Cummins India Ltd. 33,154 -38.2% -2.5% 18.3
Laurus Labs Ltd. 100,000 -33.6% +19.7% 18.2
Divis Laboratories Ltd. 21,000 -13.3% +22.5% 16.9
PB Fintech Limited 100,000 -15.0% -1.7% 16.0
Persistent Systems Limited 27,000 -41.9% +28.3% 15.0
Samvardhana Motherson International Ltd. 900,000 -30.2% +1.8% 13.6
Not equityPrevious filingThis filingChange
Cash, repo and TREPS ₹0 cr ₹0 cr +₹0 cr

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 1 Nov 2026.