The fund, launched on July 17, 2025, has delivered an annualised return of 11.19% since inception, according to HDFC Asset Management Company (AMC).
The returns are based on the Regular Plan-Growth option as of June 30, 2026.
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The fund’s latest performance data also shows that over the last six months, it generated an 11.34% return, outperforming both its benchmark indices during the period. While the scheme delivered a positive double-digit return, its benchmark declined 6.46%, and the additional benchmark fell 16.34%.
For an investor, this translated into the value of a ₹10,000 investment rising to ₹10,562 over the six-month period, compared with ₹9,680 in the benchmark and ₹9,190 in the additional benchmark.
Unlike sector-specific mutual funds that invest in a single industry, the HDFC Innovation Fund follows a thematic approach. It invests in companies that are driving innovation through new products, manufacturing processes or business models across sectors. This allows the fund to invest across industries and market capitalisations rather than being restricted to one segment of the market.
According to the fund house, the investment universe includes businesses benefiting from structural themes such as artificial intelligence, digitalisation, advanced manufacturing, healthcare, financial services and clean energy.
The scheme is managed by Amit Sinha, while Dhruv Muchhal oversees overseas investments within the portfolio.
The fund house said its investment strategy focuses on identifying companies that can benefit from long-term technological and economic shifts through a research-driven approach.
As with all thematic funds, however, performance can be more volatile than diversified equity funds because returns depend on how the underlying investment theme plays out.
Investors should evaluate whether such schemes align with their investment horizon and risk appetite before investing.
HDFC AMC also noted that past performance may or may not be sustained in the future and is not a guarantee of future returns. The disclosed returns are for the Regular Plan-Growth option and do not account for applicable exit loads.
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