Compare Mutual Funds

Insights from Fund Comparison

• Both ICICI Pru Innovation Fund - Direct (G) and HDFC Innovation Fund - Direct (G) are Sectoral / Thematic, Equity schemes. ICICI Pru Innovation Fund - Direct (G) is 2 yrs 11 m old and manages ₹7,486.66 Crs, whereas HDFC Innovation Fund - Direct (G) is 0 yrs 9 m old with ₹2,566.13 Crs.
• ICICI Pru Innovation Fund - Direct (G) is therefore older and larger, which may indicate more experience and investor confidence.
• ICICI Pru Innovation Fund - Direct (G) has its top 3 sectors in Automobile (10.41%), IT - Software (10.32%), and Pharmaceuticals (10.00%), while HDFC Innovation Fund - Direct (G) focuses on Pharmaceuticals (19.31%), E-Commerce/App based Aggregator (13.69%), and IT - Software (9.39%).
• The funds share exposure to IT - Software and Pharmaceuticals, but differ in the rest, which means they will partially move together but may diverge depending on how the unique sectors perform.
• ICICI Pru Innovation Fund - Direct (G) holds ICICI Bank Ltd. (5.04%), Maruti Suzuki India Ltd. (4.19%), Computer Age Management Services Ltd. (3.23%), Axis Bank Ltd. (3.01%), and Supreme Industries Ltd. (2.88%), whereas HDFC Innovation Fund - Direct (G) holds Eternal Limited (8.98%), Bajaj Finance Ltd. (5.12%), TREPS - Tri-party Repo (4.41%), Bharat Electronics Ltd. (4.38%), and Divis Laboratories Ltd. (4.33%).
• The funds have completely different top holdings, which means their performance could diverge significantly depending on which stocks or sectors lead the market.
• In terms of risk profile, ICICI Pru Innovation Fund - Direct (G) has 95.84% equity and 0.99% debt, while HDFC Innovation Fund - Direct (G) has 95.35% equity and 0.00% debt.
• Risk profile is similar for both funds.
• ICICI Pru Innovation Fund - Direct (G) showed short-term strength over 6 Months (returns: -8.99%), outperforming HDFC Innovation Fund - Direct (G) by 1.47%. However, other periods (3 Months, 1 Year, returns: -13.75%, 1.64% ) lagged behind, suggesting this could be a temporary upswing. Monitor for sustained momentum before making long-term decisions.