The scheme seeks to generate long-term capital appreciation / income by investing in companies that are adopting innovative themes and strategies. There is no assurance that the investment objective of the scheme will be achieved.
Exit Load--
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsIf you redeem within one year, your returns will be taxed at 20%. For redemptions after one year, returns exceeding ₹1.25 lakh in a financial year will be taxed at 12.5%.
Dhruv Muchhal
Mr. Dhruv has done B.Com, CA and CFA
Prior to joining HDFC MF,he has worked with Motilal Oswal Financial Services Ltd., Goldman Sachs, CRISIL Global Research & Analytics and Deloitte Haskins & Sells
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of HDFC Innovation Fund is ₹11.98 as of 2026-08-28.
HDFC Innovation Fund is classified as a Thematic-Innovation fund.
The Assets Under Management (AUM) of HDFC Innovation Fund is ₹2,970.44 Cr.
The expense ratio of HDFC Innovation Fund is 2.1%.
HDFC Innovation Fund is managed by Dhruv Muchhal.
The minimum SIP investment for HDFC Innovation Fund is ₹100.
As per the SEBI Riskometer, HDFC Innovation Fund carries a Very High risk level.
HDFC Innovation Fund has delivered 20.87% (1Y), 0% (3Y) and 0% (5Y) annualised returns as of 2026-08-28.
HDFC Innovation Fund was launched on 1999-12-10.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
