top of page

ICICI Prudential Innovation Fund NFO

ICICI Prudential Mutual Fund has launched a new fund offer, ICICI Prudential Innovation Fund which will be open for subscription from 10th April 2023 to 24th April 2023. It is an open-ended flexi cap fund, which will following an innovation theme.

Investment Objective

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 themes

Investment Strategies?

The Scheme is an open-ended fund, predominantly investing in companies that are adopting innovation strategies and themes. The Scheme shall have a diversified portfolio across market cap and certain portion can also be invested in ADR/GDR, foreign equity securities (including companies following adoptive innovation and disruption strategies), units/shares of global mutual fund/ ETFs, which can benefit from innovation strategies and theme.


Nifty 500 TRI

The Trustees reserves the right to change the benchmark in future if a benchmark better suited to the investment objective of the scheme is available.

How will the Scheme Allocate its Assets?

Under normal circumstances, the asset allocation of the Scheme would be as follows:




Risk Profile

Equity & Equity related securities of companies adopting innovation strategies and themes & Overseas Securities adopting innovation strategies and themes



Very High

Other Equity & Equity related instruments



Very High