Tata India Innovation Fund
Thematic-InnovationVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹9.97+0.08%1 day
- Return since launch
- -0.9%
- 52-week range
- ₹8.33 — ₹10.33
- AUM
- ₹1,346 Cr
Tata India Innovation Fund is a Thematic-Innovation equity fund from Tata Mutual Fund with ₹1,346 Cr under management, launched in 2024. The expense ratio is 2.34% and the SEBI riskometer reading is Very High.
Performance
Tata India Innovation Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +2.8% against +8.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.2% | −2.8 pts | 9.9% | 14.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.3% | −0.7 pts | -2.5% | -2.9% |
| 3M | 1.9% | −3.7 pts | 5.6% | 4.2% |
| 6M | 16.9% | −5.6 pts | 22.5% | 20.5% |
| 1Y | 2.8% | −7.2 pts | 9.9% | 8.6% |
Since launch (11 Nov 2024): -0.9%
Calendar-year returns
Category average-1.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -1.9% | −4.3 pts | 2.4% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.36%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.84%
- Brokerage
- 0.07%
- Transaction charges
- 0.00%
- Statutory levies
- 0.45%
- Exit load
- Exit load of 0.50%, if redeemed within 30 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
Tata India Innovation Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity93.0%
- Other7.0%
Market cap split
- Large48.2%
- Mid16.1%
- Small35.6%
- P/E
- 29.29
- P/B
- 3.74
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 6.99% | ₹93.33 Cr | +1.54% | +1.36% | +2.72% |
| ICICI Bank Ltd. | Financial | 5.16% | ₹69.50 Cr | +4.33% | +4.58% | +3.39% |
| HDFC Bank Ltd. | Financial | 3.82% | ₹51.47 Cr | +2.29% | +2.63% | +2.35% |
| Reliance Industries Ltd. | Energy | 3.48% | ₹46.87 Cr | +3.50% | +3.55% | +2.89% |
| Axis Bank Ltd. | Financial | 3.34% | ₹44.98 Cr | +3.21% | +5.25% | +3.31% |
| Adani Ports and Special Economic Zone Ltd. | Services | 3.06% | ₹41.24 Cr | +2.07% | +3.53% | +1.78% |
| Bharti Airtel Ltd. | Communication | 3.02% | ₹40.69 Cr | +3.10% | +3.06% | +3.17% |
| Eternal Ltd. | Services | 2.80% | ₹37.73 Cr | +2.71% | +2.57% | +4.17% |
| Tech Mahindra Ltd. | Technology | 2.69% | ₹36.14 Cr | +2.38% | +2.09% | +3.62% |
| Mahindra & Mahindra Ltd. | Automobile | 2.56% | ₹34.46 Cr | +2.31% | +2.12% | — |
| PB Fintech Ltd. | Services | 2.50% | ₹33.68 Cr | +2.21% | +3.65% | +3.64% |
| Dr. Lal Pathlabs Ltd. | Healthcare | 2.46% | ₹33.12 Cr | +3.80% | +3.19% | +2.31% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.29% | ₹30.82 Cr | +1.73% | — | — |
| Vishal Mega Mart Ltd. | Services | 2.27% | ₹30.56 Cr | +2.43% | +2.26% | +1.53% |
| Maruti Suzuki India Ltd. | Automobile | 2.16% | ₹29.13 Cr | +1.56% | +1.70% | +1.41% |
| Ather Energy Ltd. | Automobile | 2.11% | ₹28.44 Cr | — | — | — |
| RBL Bank Ltd. | Financial | 1.87% | ₹25.10 Cr | +1.64% | +1.47% | +1.00% |
| TBO Tek Ltd. | Services | 1.81% | ₹24.33 Cr | +1.24% | +1.19% | +0.98% |
| Samvardhana Motherson International Ltd. | Automobile | 1.79% | ₹24.11 Cr | +1.49% | +1.31% | +1.03% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.74% | ₹23.43 Cr | +1.63% | +1.62% | +1.26% |
| Karur Vysya Bank Ltd. | Financial | 1.68% | ₹22.67 Cr | +1.36% | +2.16% | +1.24% |
| Metropolis Healthcare Ltd. | Healthcare | 1.66% | ₹22.39 Cr | +2.34% | +1.93% | +1.83% |
| Emmvee Photovoltaic Power Ltd. | Energy | 1.65% | ₹22.24 Cr | +1.62% | +0.94% | — |
| Swiggy Ltd. | Services | 1.60% | ₹21.56 Cr | +1.42% | +1.60% | — |
| Bajaj Finserv Ltd. | Financial | 1.50% | ₹20.21 Cr | +1.29% | +1.38% | +1.11% |
| Infosys Ltd. | Technology | 1.48% | ₹19.92 Cr | +1.47% | +1.59% | +2.55% |
| Firstsource Solutions Ltd. | Services | 1.44% | ₹19.42 Cr | +1.74% | +1.36% | +2.68% |
| Bank Of Baroda | Financial | 1.42% | ₹19.09 Cr | +1.55% | +1.79% | — |
| Acutaas Chemicals Ltd. | Healthcare | 1.41% | ₹18.96 Cr | +2.60% | +1.80% | +1.59% |
| Kotak Mahindra Bank Ltd. | Financial | 1.40% | ₹18.87 Cr | +1.25% | — | — |
| PCBL Chemical Ltd. | Chemicals | 1.37% | ₹18.50 Cr | +1.22% | +1.25% | +1.26% |
| Adani Energy Solutions Ltd. | Energy | 1.31% | ₹17.68 Cr | +1.09% | — | — |
| Healthcare Global Enterprises Ltd. | Healthcare | 1.29% | ₹17.35 Cr | +1.09% | +0.89% | +0.83% |
| Pricol Ltd. | Automobile | 1.25% | ₹16.82 Cr | +1.09% | +1.13% | +0.72% |
| Sai Life Sciences Ltd. | Healthcare | 1.24% | ₹16.66 Cr | — | — | — |
| Affle 3I Ltd. | Technology | 1.23% | ₹16.53 Cr | +1.09% | +1.95% | +2.25% |
| Manipal Health Enterprises Ltd. | Healthcare | 1.23% | ₹16.59 Cr | — | — | — |
| Craftsman Automation Ltd. | Automobile | 1.17% | ₹15.74 Cr | +0.92% | +1.10% | +1.26% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.15% | ₹15.45 Cr | +1.31% | +1.11% | — |
| Aster DM Quality Care Ltd. | Healthcare | 1.10% | ₹14.79 Cr | +0.71% | +0.61% | — |
| Aditya Birla Sun Life AMC Ltd. | Financial | 1.09% | ₹14.66 Cr | +1.07% | — | — |
| Vijaya Diagnostic Centre Ltd. | Healthcare | 1.09% | ₹14.72 Cr | +0.92% | +0.66% | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.05% | ₹14.19 Cr | — | — | — |
| Orchid Pharma Ltd. | Healthcare | 1.04% | ₹13.99 Cr | +0.82% | +0.62% | +0.61% |
| Aurobindo Pharma Ltd. | Healthcare | 1.02% | ₹13.74 Cr | +0.82% | +1.36% | +0.95% |
| eClerx Services Ltd. | Services | 1.01% | ₹13.63 Cr | +0.83% | +1.51% | +1.89% |
| Carborundum Universal Ltd. | Metals & Mining | 0.95% | ₹12.77 Cr | +0.86% | +0.66% | +0.61% |
| Cummins India Ltd. | Capital Goods | 0.95% | ₹12.76 Cr | +1.06% | — | — |
| Voltas Ltd. | Consumer Discretionary | 0.89% | ₹11.94 Cr | — | — | — |
| Syngene International Ltd. | Healthcare | 0.83% | ₹11.11 Cr | +0.88% | +0.81% | +0.82% |
| State Bank of India | Financial | 0.79% | ₹10.60 Cr | +0.70% | +0.83% | — |
| Adani Enterprises Ltd. | Services | 0.74% | ₹9.92 Cr | — | — | — |
| company:5764 | Automobile | 0.72% | ₹9.68 Cr | — | — | — |
| Piramal Pharma Ltd. | Healthcare | 0.64% | ₹8.58 Cr | +0.50% | +0.43% | +0.43% |
| Havells India Ltd. | Capital Goods | 0.46% | ₹6.22 Cr | +0.42% | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.34% | ₹4.58 Cr | +0.33% | — | — |
| company:1157 | Technology | 0.33% | ₹4.47 Cr | — | — | — |
| LG Electronics India Ltd. | Consumer Discretionary | 0.32% | ₹4.24 Cr | +0.27% | +0.28% | — |
| Meesho Ltd. | Services | 0.17% | ₹2.31 Cr | +0.15% | +0.13% | — |
| Laxmi Dental Ltd. | Healthcare | 0.07% | ₹0.98 Cr | +0.08% | +0.07% | +0.10% |
| company:17584 | Healthcare | 0.00% | ₹0.06 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Apollo Hospitals Enterprise Ltd. | 3.34% | 0.00% | -3.34% |
| Hero Motocorp Ltd. | 1.57% | 0.00% | -1.57% |
| Dabur India Ltd. | 1.46% | 0.00% | -1.46% |
| Others | 2.82% | 1.36% | -1.46% |
| company:5764 | 0.00% | 0.72% | +0.72% |
| Ujjivan Small Finance Bank Ltd. | 0.69% | 0.00% | -0.69% |
| HDFC Bank Ltd. | 3.15% | 3.82% | +0.67% |
| Acutaas Chemicals Ltd. | 2.04% | 1.41% | -0.63% |
| Ather Energy Ltd. | 1.53% | 2.11% | +0.58% |
| PB Fintech Ltd. | 2.10% | 2.50% | +0.40% |
| company:1157 | 0.00% | 0.33% | +0.33% |
| Aster DM Quality Care Ltd. | 0.81% | 1.10% | +0.29% |
| Manipal Health Enterprises Ltd. | 0.94% | 1.23% | +0.29% |
| TBO Tek Ltd. | 1.56% | 1.81% | +0.25% |
| Axis Bank Ltd. | 3.11% | 3.34% | +0.23% |
| Samvardhana Motherson International Ltd. | 1.56% | 1.79% | +0.23% |
| Bharti Airtel Ltd. | 3.24% | 3.02% | -0.22% |
| Adani Energy Solutions Ltd. | 1.50% | 1.31% | -0.19% |
| Firstsource Solutions Ltd. | 1.62% | 1.44% | -0.18% |
| Dixon Technologies (India) Ltd. | 2.13% | 2.29% | +0.16% |
| Craftsman Automation Ltd. | 1.01% | 1.17% | +0.16% |
| ICICI Bank Ltd. | 5.01% | 5.16% | +0.15% |
| Adani Ports and Special Economic Zone Ltd. | 3.21% | 3.06% | -0.15% |
| Eternal Ltd. | 2.65% | 2.80% | +0.15% |
| Vijaya Diagnostic Centre Ltd. | 0.95% | 1.09% | +0.14% |
| Sai Life Sciences Ltd. | 1.10% | 1.24% | +0.14% |
| Healthcare Global Enterprises Ltd. | 1.16% | 1.29% | +0.13% |
| Pricol Ltd. | 1.12% | 1.25% | +0.13% |
| Kotak Mahindra Bank Ltd. | 1.28% | 1.40% | +0.12% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.63% | 1.74% | +0.11% |
| Vishal Mega Mart Ltd. | 2.16% | 2.27% | +0.11% |
| Aurobindo Pharma Ltd. | 0.92% | 1.02% | +0.10% |
| Dr. Lal Pathlabs Ltd. | 2.38% | 2.46% | +0.08% |
| Maruti Suzuki India Ltd. | 2.24% | 2.16% | -0.08% |
| Voltas Ltd. | 0.97% | 0.89% | -0.08% |
| eClerx Services Ltd. | 0.93% | 1.01% | +0.08% |
| Sona BLW Precision Forgings Ltd. | 1.07% | 1.15% | +0.08% |
| Piramal Pharma Ltd. | 0.57% | 0.64% | +0.07% |
| Aditya Birla Sun Life AMC Ltd. | 1.03% | 1.09% | +0.06% |
| Cummins India Ltd. | 1.01% | 0.95% | -0.06% |
| RBL Bank Ltd. | 1.81% | 1.87% | +0.06% |
| Karur Vysya Bank Ltd. | 1.63% | 1.68% | +0.05% |
| LG Electronics India Ltd. | 0.27% | 0.32% | +0.05% |
| Carborundum Universal Ltd. | 0.90% | 0.95% | +0.05% |
| Syngene International Ltd. | 0.78% | 0.83% | +0.05% |
| Emmvee Photovoltaic Power Ltd. | 1.60% | 1.65% | +0.05% |
| Mahindra & Mahindra Ltd. | 2.61% | 2.56% | -0.05% |
| State Bank of India | 0.75% | 0.79% | +0.04% |
| Affle 3I Ltd. | 1.20% | 1.23% | +0.03% |
| Infosys Ltd. | 1.45% | 1.48% | +0.03% |
| Reliance Industries Ltd. | 3.51% | 3.48% | -0.03% |
| Adani Enterprises Ltd. | 0.76% | 0.74% | -0.02% |
| Bajaj Finserv Ltd. | 1.48% | 1.50% | +0.02% |
| CG Power and Industrial Solutions Ltd. | 0.32% | 0.34% | +0.02% |
| Meesho Ltd. | 0.15% | 0.17% | +0.02% |
| Metropolis Healthcare Ltd. | 1.64% | 1.66% | +0.02% |
| PCBL Chemical Ltd. | 1.36% | 1.37% | +0.01% |
| Swiggy Ltd. | 1.59% | 1.60% | +0.01% |
| Laxmi Dental Ltd. | 0.08% | 0.07% | -0.01% |
| Tech Mahindra Ltd. | 2.68% | 2.69% | +0.01% |
| company:17584 | 0.00% | 0.00% | 0.00% |
| Bank Of Baroda | 1.42% | 1.42% | 0.00% |
| Havells India Ltd. | 0.46% | 0.46% | 0.00% |
| Orchid Pharma Ltd. | 1.04% | 1.04% | 0.00% |
| Torrent Pharmaceuticals Ltd. | 1.05% | 1.05% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,622 Cr | 2.16% | 17.0% | 12.4% | 16.5% |
 ICICI Prudential Innovation Fund | ₹8,012 Cr | 2.18% | 5.0% | 9.2% | — |
 Kotak Pioneer Fund | ₹4,281 Cr | 1.91% | 20.2% | 15.0% | 17.6% |
 Nippon India Innovation Fund | ₹3,108 Cr | 2.07% | 7.5% | 7.3% | — |
 Axis Innovation Fund | ₹1,363 Cr | 2.28% | 27.9% | 15.6% | 15.4% |
 Union Innovation & Opportunities Fund | ₹1,344 Cr | 2.36% | 24.3% | 14.8% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme.
Fund managers
- Meeta ShettyMs. Shetty is Bachelor in Economics and CFA CharterholderPrior to joining TATA Mutual Fund, she has worked with Kotak Securities, HDFC Securities, AMSEC(Asian Market Securities), Dalal & Broacha Stock Broking and karvey Stock Broking.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months16.85% absolute | ₹60,000 | ₹70,110 | 16.85% | |
| 1 year2.77% annualised | ₹1,20,000 | ₹1,21,816 | 1.51% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Tata India Innovation Fund?
The NAV of Tata India Innovation Fund is ₹9.97 as on 25 Sep 2026.
What is the expense ratio of Tata India Innovation Fund?
The expense ratio of Tata India Innovation Fund is 2.34% per year.
What is the minimum SIP amount for Tata India Innovation Fund?
You can start a SIP in Tata India Innovation Fund with ₹3,000 a month.
Is there a lock-in or exit load on Tata India Innovation Fund?
Lock-in: None. Exit load: Exit load of 0.50%, if redeemed within 30 days..
How risky is Tata India Innovation Fund?
Tata India Innovation Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Innovation category.
Which fund house manages Tata India Innovation Fund?
Tata India Innovation Fund is managed by Tata Mutual Fund, which runs 61 schemes with ₹2,31,388 Cr under management.