Tata India Innovation Fund
Thematic-InnovationVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹10.35+0.69%1 day
- Return since launch
- 0.8%
- 52-week range
- ₹8.33 — ₹10.33
- AUM
- ₹1,245 Cr
Tata India Innovation Fund is a Thematic-Innovation equity fund from Tata Mutual Fund with ₹1,245 Cr under management, launched in 2024. The expense ratio is 2.36% 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 +4.7% against +6.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 13.9% | +5.8 pts | 8.2% | 14.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 7.6% | +4.2 pts | 3.5% | 3.7% |
| 3M | 0.7% | +1.1 pts | -0.4% | -1.2% |
| 6M | 9.0% | −0.7 pts | 9.7% | 8.2% |
| 1Y | 4.9% | −3.3 pts | 8.2% | 6.9% |
Since launch (11 Nov 2024): 0.8%
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
2.39%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.84%
- Brokerage
- 0.07%
- Transaction charges
- 0.01%
- Statutory levies
- 0.47%
- 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 30 Sep 2026
Asset allocation
- Equity91.6%
- Other8.4%
Market cap split
- Large46.5%
- Mid16.0%
- Small37.5%
- P/E
- 29.14
- P/B
- 3.79
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 8.36% | ₹105 Cr | +2.36% | +2.20% | +0.28% |
| ICICI Bank Ltd. | Financial | 5.07% | ₹63.18 Cr | +4.74% | +4.62% | +3.31% |
| HDFC Bank Ltd. | Financial | 4.13% | ₹51.45 Cr | +2.45% | +2.50% | +2.38% |
| Adani Ports and Special Economic Zone Ltd. | Services | 3.74% | ₹46.56 Cr | +2.07% | +3.51% | +2.34% |
| Reliance Industries Ltd. | Energy | 3.50% | ₹43.56 Cr | +3.42% | +3.95% | +2.94% |
| Axis Bank Ltd. | Financial | 3.41% | ₹42.42 Cr | +3.36% | +5.08% | +3.63% |
| Bharti Airtel Ltd. | Communication | 3.17% | ₹39.45 Cr | +3.13% | +3.35% | +3.20% |
| Eternal Ltd. | Services | 2.96% | ₹36.80 Cr | +2.86% | +2.75% | +3.04% |
| Dr. Lal Pathlabs Ltd. | Healthcare | 2.73% | ₹34.02 Cr | +2.03% | +3.44% | +2.21% |
| Tech Mahindra Ltd. | Technology | 2.72% | ₹33.83 Cr | +2.25% | +2.46% | +3.48% |
| Mahindra & Mahindra Ltd. | Automobile | 2.49% | ₹30.98 Cr | +2.32% | +2.49% | — |
| Vishal Mega Mart Ltd. | Services | 2.24% | ₹27.90 Cr | +2.35% | +2.33% | +1.54% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.18% | ₹27.19 Cr | +1.78% | +0.50% | — |
| Maruti Suzuki India Ltd. | Automobile | 2.07% | ₹25.73 Cr | +2.19% | +1.63% | +1.56% |
| Ather Energy Ltd. | Automobile | 1.90% | ₹23.60 Cr | — | — | — |
| TBO Tek Ltd. | Services | 1.89% | ₹23.50 Cr | +1.44% | +1.18% | +1.16% |
| Emmvee Photovoltaic Power Ltd. | Energy | 1.75% | ₹21.84 Cr | +1.71% | +1.20% | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.74% | ₹21.64 Cr | +1.71% | +1.70% | +1.18% |
| Karur Vysya Bank Ltd. | Financial | 1.70% | ₹21.18 Cr | +1.39% | +1.51% | +1.24% |
| Metropolis Healthcare Ltd. | Healthcare | 1.67% | ₹20.82 Cr | +2.28% | +2.03% | +1.75% |
| PCBL Chemical Ltd. | Chemicals | 1.55% | ₹19.32 Cr | +1.35% | +1.13% | +1.28% |
| PB Fintech Ltd. | Services | 1.54% | ₹19.11 Cr | +2.11% | +2.05% | +3.55% |
| Swiggy Ltd. | Services | 1.54% | ₹19.12 Cr | +1.32% | +1.59% | +1.00% |
| Firstsource Solutions Ltd. | Services | 1.51% | ₹18.76 Cr | +1.21% | +1.50% | +1.78% |
| Kotak Mahindra Bank Ltd. | Financial | 1.51% | ₹18.77 Cr | +1.27% | — | — |
| Acutaas Chemicals Ltd. | Healthcare | 1.45% | ₹18.04 Cr | +2.92% | +2.46% | +1.51% |
| Infosys Ltd. | Technology | 1.40% | ₹17.47 Cr | +1.27% | +1.76% | +2.54% |
| Sai Life Sciences Ltd. | Healthcare | 1.40% | ₹17.40 Cr | +1.02% | — | — |
| RBL Bank Ltd. | Financial | 1.33% | ₹16.54 Cr | +1.76% | +1.53% | +1.08% |
| Adani Energy Solutions Ltd. | Energy | 1.32% | ₹16.40 Cr | +1.34% | — | — |
| Healthcare Global Enterprises Ltd. | Healthcare | 1.27% | ₹15.76 Cr | +1.07% | +1.00% | +0.81% |
| Affle 3I Ltd. | Technology | 1.26% | ₹15.64 Cr | +1.06% | +1.20% | +2.34% |
| Manipal Health Enterprises Ltd. | Healthcare | 1.24% | ₹15.41 Cr | — | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 1.20% | ₹14.90 Cr | +1.51% | +1.19% | +1.19% |
| Carborundum Universal Ltd. | Metals & Mining | 1.16% | ₹14.46 Cr | +0.98% | +0.72% | +0.63% |
| Orchid Pharma Ltd. | Healthcare | 1.15% | ₹14.37 Cr | +1.01% | +0.56% | +0.60% |
| Vijaya Diagnostic Centre Ltd. | Healthcare | 1.12% | ₹13.94 Cr | +0.95% | +0.67% | +0.03% |
| Aditya Birla Sun Life AMC Ltd. | Financial | 1.11% | ₹13.87 Cr | +1.16% | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 1.10% | ₹13.64 Cr | +0.77% | +0.78% | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.08% | ₹13.44 Cr | — | — | — |
| Aurobindo Pharma Ltd. | Healthcare | 1.07% | ₹13.38 Cr | +0.91% | +0.84% | +1.02% |
| Prasol Chemicals Ltd. | Chemicals | 1.07% | ₹13.28 Cr | — | — | — |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 0.99% | ₹12.33 Cr | — | — | — |
| Craftsman Automation Ltd. | Automobile | 0.97% | ₹12.04 Cr | +0.96% | +1.17% | +1.26% |
| Cummins India Ltd. | Capital Goods | 0.96% | ₹11.90 Cr | +1.02% | — | — |
| Pricol Ltd. | Automobile | 0.96% | ₹11.92 Cr | +1.17% | +1.11% | +0.85% |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.90% | ₹11.21 Cr | +0.89% | +1.16% | — |
| Voltas Ltd. | Consumer Discretionary | 0.86% | ₹10.70 Cr | +0.92% | — | — |
| Adani Enterprises Ltd. | Services | 0.81% | ₹10.07 Cr | — | — | — |
| Syngene International Ltd. | Healthcare | 0.81% | ₹10.13 Cr | +0.88% | +0.87% | +0.83% |
| SPR Auto Technologies Ltd. | Automobile | 0.79% | ₹9.77 Cr | — | — | — |
| State Bank of India | Financial | 0.77% | ₹9.60 Cr | +0.74% | +0.78% | — |
| Piramal Pharma Ltd. | Healthcare | 0.66% | ₹8.26 Cr | +0.48% | +0.44% | +0.45% |
| Rainbow Children's Medicare Ltd. | Healthcare | 0.53% | ₹6.62 Cr | — | — | — |
| Zensar Technologies Ltd. | Technology | 0.52% | ₹6.49 Cr | — | — | — |
| Havells India Ltd. | Capital Goods | 0.41% | ₹5.08 Cr | +0.42% | — | — |
| LG Electronics India Ltd. | Consumer Discretionary | 0.35% | ₹4.31 Cr | +0.28% | +0.29% | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.34% | ₹4.27 Cr | +0.34% | — | — |
| eClerx Services Ltd. | Services | 0.28% | ₹3.45 Cr | +0.72% | +0.87% | +1.66% |
| Meesho Ltd. | Services | 0.21% | ₹2.56 Cr | +0.16% | +0.13% | — |
| Laxmi Dental Ltd. | Healthcare | 0.08% | ₹0.96 Cr | +0.08% | +0.06% | +0.10% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bajaj Finserv Ltd. | 1.50% | 0.00% | -1.50% |
| Bank Of Baroda | 1.42% | 0.00% | -1.42% |
| Prasol Chemicals Ltd. | 0.00% | 1.07% | +1.07% |
| Others | 1.36% | 2.38% | +1.02% |
| Dr. Reddy's Laboratories Ltd. | 0.00% | 0.99% | +0.99% |
| PB Fintech Ltd. | 2.50% | 1.54% | -0.96% |
| eClerx Services Ltd. | 1.01% | 0.28% | -0.73% |
| Adani Ports and Special Economic Zone Ltd. | 3.06% | 3.74% | +0.68% |
| Samvardhana Motherson International Ltd. | 1.79% | 1.20% | -0.59% |
| RBL Bank Ltd. | 1.87% | 1.33% | -0.54% |
| Rainbow Children's Medicare Ltd. | 0.00% | 0.53% | +0.53% |
| HDFC Bank Ltd. | 3.82% | 4.13% | +0.31% |
| Pricol Ltd. | 1.25% | 0.96% | -0.29% |
| Dr. Lal Pathlabs Ltd. | 2.46% | 2.73% | +0.27% |
| Sona BLW Precision Forgings Ltd. | 1.15% | 0.90% | -0.25% |
| Ather Energy Ltd. | 2.11% | 1.90% | -0.21% |
| Carborundum Universal Ltd. | 0.95% | 1.16% | +0.21% |
| Craftsman Automation Ltd. | 1.17% | 0.97% | -0.20% |
| Zensar Technologies Ltd. | 0.33% | 0.52% | +0.19% |
| PCBL Chemical Ltd. | 1.37% | 1.55% | +0.18% |
| Eternal Ltd. | 2.80% | 2.96% | +0.16% |
| Sai Life Sciences Ltd. | 1.24% | 1.40% | +0.16% |
| Bharti Airtel Ltd. | 3.02% | 3.17% | +0.15% |
| Kotak Mahindra Bank Ltd. | 1.40% | 1.51% | +0.11% |
| Dixon Technologies (India) Ltd. | 2.29% | 2.18% | -0.11% |
| Orchid Pharma Ltd. | 1.04% | 1.15% | +0.11% |
| Emmvee Photovoltaic Power Ltd. | 1.65% | 1.75% | +0.10% |
| Maruti Suzuki India Ltd. | 2.16% | 2.07% | -0.09% |
| ICICI Bank Ltd. | 5.16% | 5.07% | -0.09% |
| Infosys Ltd. | 1.48% | 1.40% | -0.08% |
| TBO Tek Ltd. | 1.81% | 1.89% | +0.08% |
| Axis Bank Ltd. | 3.34% | 3.41% | +0.07% |
| Adani Enterprises Ltd. | 0.74% | 0.81% | +0.07% |
| Firstsource Solutions Ltd. | 1.44% | 1.51% | +0.07% |
| SPR Auto Technologies Ltd. | 0.72% | 0.79% | +0.07% |
| Mahindra & Mahindra Ltd. | 2.56% | 2.49% | -0.07% |
| Swiggy Ltd. | 1.60% | 1.54% | -0.06% |
| Aurobindo Pharma Ltd. | 1.02% | 1.07% | +0.05% |
| Havells India Ltd. | 0.46% | 0.41% | -0.05% |
| Acutaas Chemicals Ltd. | 1.41% | 1.45% | +0.04% |
| Meesho Ltd. | 0.17% | 0.21% | +0.04% |
| Tech Mahindra Ltd. | 2.69% | 2.72% | +0.03% |
| Affle 3I Ltd. | 1.23% | 1.26% | +0.03% |
| Torrent Pharmaceuticals Ltd. | 1.05% | 1.08% | +0.03% |
| Vijaya Diagnostic Centre Ltd. | 1.09% | 1.12% | +0.03% |
| Voltas Ltd. | 0.89% | 0.86% | -0.03% |
| LG Electronics India Ltd. | 0.32% | 0.35% | +0.03% |
| Vishal Mega Mart Ltd. | 2.27% | 2.24% | -0.03% |
| Aditya Birla Sun Life AMC Ltd. | 1.09% | 1.11% | +0.02% |
| Healthcare Global Enterprises Ltd. | 1.29% | 1.27% | -0.02% |
| Karur Vysya Bank Ltd. | 1.68% | 1.70% | +0.02% |
| Piramal Pharma Ltd. | 0.64% | 0.66% | +0.02% |
| Reliance Industries Ltd. | 3.48% | 3.50% | +0.02% |
| State Bank of India | 0.79% | 0.77% | -0.02% |
| Syngene International Ltd. | 0.83% | 0.81% | -0.02% |
| Adani Energy Solutions Ltd. | 1.31% | 1.32% | +0.01% |
| Cummins India Ltd. | 0.95% | 0.96% | +0.01% |
| Manipal Health Enterprises Ltd. | 1.23% | 1.24% | +0.01% |
| Metropolis Healthcare Ltd. | 1.66% | 1.67% | +0.01% |
| Laxmi Dental Ltd. | 0.07% | 0.08% | +0.01% |
| Aster DM Quality Care Ltd. | 1.10% | 1.10% | 0.00% |
| CG Power and Industrial Solutions Ltd. | 0.34% | 0.34% | 0.00% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.74% | 1.74% | 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 | ₹3,455 Cr | 2.15% | 14.2% | 10.7% | 15.2% |
 ICICI Prudential Innovation Fund | ₹7,434 Cr | 2.16% | 5.1% | 7.8% | — |
 Kotak Pioneer Fund | ₹4,295 Cr | 1.90% | 11.4% | 11.5% | 15.6% |
 Nippon India Innovation Fund | ₹2,923 Cr | 2.10% | 5.8% | 5.8% | — |
 Axis Innovation Fund | ₹1,315 Cr | 2.27% | 24.9% | 14.3% | 14.9% |
 Union Innovation & Opportunities Fund | ₹1,307 Cr | 2.31% | 23.9% | 14.2% | — |
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 months9.04% absolute | ₹60,000 | ₹65,424 | 9.04% | |
| 1 year4.88% annualised | ₹1,20,000 | ₹1,23,220 | 2.68% |
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 ₹10.35 as on 9 Nov 2026.
What is the expense ratio of Tata India Innovation Fund?
The expense ratio of Tata India Innovation Fund is 2.36% 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 62 schemes with ₹2,39,201 Cr under management.