UTI Innovation Fund
- NAV as on 9 Nov 2026
- ₹11.14+0.85%1 day
- Return since launch
- 3.3%
- 52-week range
- ₹8.88 — ₹12.00
- AUM
- ₹768 Cr
UTI Innovation Fund is a Thematic-Innovation equity fund from UTI Mutual Fund with ₹768 Cr under management, launched in 2023. Over three years it has returned 0.2% a year, against 14.3% for its category. The expense ratio is 2.42% and the SEBI riskometer reading is Very High.
Performance
UTI Innovation Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -5.0% against +7.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.0% | −3.0 pts | 8.0% | 13.9% |
| 2Y | 0.3% | −10.4 pts | 10.7% | 10.1% |
| 3Y | 0.2% | −14.1 pts | 14.3% | 10.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.9% | −1.3 pts | 3.2% | 3.6% |
| 3M | -3.8% | −3.3 pts | -0.5% | -1.2% |
| 6M | 4.0% | −5.4 pts | 9.5% | 8.1% |
| 1Y | -5.1% | −13.1 pts | 8.0% | 6.8% |
| 2Y | -3.8% | −9.5 pts | 5.7% | 5.9% |
| 3Y | 3.2% | −11.1 pts | 14.3% | 15.8% |
Since launch (25 Sep 2023): 3.3%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -7.8% | −10.2 pts | 2.4% |
| 2024 | 18.2% | −10.6 pts | 28.8% |
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
2.40%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.02%
- Brokerage
- 0.04%
- Transaction charges
- 0.00%
- Statutory levies
- 0.34%
- Exit load
- Exit load of 1%, if redeemed within 12 months.
- 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.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -6.44 | 5.75 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.08 | 0.94 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | -0.04 | 0.66 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | -0.07 | 0.90 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 21.15 | 16.20 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
UTI Innovation Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity96.1%
- Debt0.0%
- Other3.8%
Market cap split
- Large14.3%
- Mid34.0%
- Small51.7%
- P/E
- 49.23
- P/B
- 4.94
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Eternal Ltd. | Services | 9.39% | ₹72.12 Cr | +9.27% | +9.59% | +9.65% |
| Info Edge (India) Ltd. | Services | 9.07% | ₹69.66 Cr | +7.76% | +9.11% | +8.48% |
| FSN E-Commerce Ventures Ltd. | Services | 6.15% | ₹47.19 Cr | +5.18% | +4.06% | +5.79% |
| Affle 3I Ltd. | Technology | 5.74% | ₹44.04 Cr | +5.30% | +6.41% | +6.40% |
| Acutaas Chemicals Ltd. | Healthcare | 4.92% | ₹37.78 Cr | +5.38% | +4.59% | +2.20% |
| One 97 Communications Ltd. | Services | 4.83% | ₹37.12 Cr | +5.01% | +5.50% | +3.64% |
| RateGain Travel Technologies Ltd. | Technology | 4.44% | ₹34.12 Cr | +4.85% | +3.11% | +3.63% |
| Others | Others | 3.86% | ₹29.61 Cr | +3.78% | +4.89% | +7.86% |
| Nazara Technologies Ltd. | Technology | 3.20% | ₹24.58 Cr | +2.92% | +2.82% | +3.41% |
| Gravita India Ltd. | Metals & Mining | 3.06% | ₹23.46 Cr | +3.44% | +3.42% | +3.08% |
| PB Fintech Ltd. | Services | 3.05% | ₹23.40 Cr | +4.00% | +4.70% | +7.13% |
| Clean Science And Technology Ltd. | Chemicals | 2.92% | ₹22.45 Cr | +2.80% | +2.67% | +3.37% |
| Suzlon Energy Ltd. | Capital Goods | 2.86% | ₹21.95 Cr | +3.43% | +2.65% | +2.78% |
| Newgen Software Technologies Ltd. | Technology | 2.72% | ₹20.88 Cr | +2.55% | +2.12% | +2.58% |
| Praj Industries Ltd. | Capital Goods | 2.56% | ₹19.65 Cr | +2.94% | +3.19% | +2.30% |
| Yatra Online Ltd. | Services | 2.45% | ₹18.79 Cr | +2.76% | +2.54% | +2.97% |
| Meesho Ltd. | Services | 2.36% | ₹18.15 Cr | +1.85% | +0.42% | — |
| Billionbrains Garage Ventures Ltd. | Financial | 2.30% | ₹17.67 Cr | +1.14% | — | — |
| Shiprocket Ltd. | Technology | 2.20% | ₹16.87 Cr | — | — | — |
| Delhivery Ltd. | Services | 2.12% | ₹16.26 Cr | +4.27% | +4.63% | +3.79% |
| KPIT Technologies Ltd. | Technology | 2.09% | ₹16.05 Cr | +2.82% | +2.96% | +3.88% |
| Divi's Laboratories Ltd. | Healthcare | 2.02% | ₹15.49 Cr | — | — | — |
| MTAR Technologies Ltd. | Capital Goods | 1.88% | ₹14.40 Cr | +3.80% | +6.12% | +2.35% |
| CE Info Systems Ltd. | Technology | 1.68% | ₹12.92 Cr | +1.59% | +1.93% | +3.18% |
| Awfis Space Solutions Ltd. | Services | 1.68% | ₹12.90 Cr | +2.08% | +1.80% | +3.29% |
| Swiggy Ltd. | Services | 1.61% | ₹12.35 Cr | +1.54% | +2.06% | — |
| Oracle Financial Services Software Ltd. | Technology | 1.54% | ₹11.83 Cr | +1.52% | — | — |
| Latent View Analytics Ltd. | Technology | 1.52% | ₹11.67 Cr | +1.75% | +1.99% | +2.45% |
| Urban Company Ltd. | Consumer Staples | 1.47% | ₹11.27 Cr | +0.97% | +0.61% | +0.65% |
| TBO Tek Ltd. | Services | 1.28% | ₹9.85 Cr | +0.78% | — | — |
| L&T Technology Services Ltd. | Technology | 1.21% | ₹9.27 Cr | +1.18% | +1.44% | +1.43% |
| Happiest Minds Technologies Ltd. | Technology | 0.92% | ₹7.10 Cr | +1.02% | +1.32% | +1.47% |
| Fractal Analytics Ltd. | Technology | 0.91% | ₹6.97 Cr | +1.09% | +1.15% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| One 97 Communications Ltd. | 6.18% | 4.83% | -1.35% |
| PB Fintech Ltd. | 4.21% | 3.05% | -1.17% |
| Others | 2.90% | 3.83% | +0.93% |
| Acutaas Chemicals Ltd. | 4.35% | 4.92% | +0.57% |
| Billionbrains Garage Ventures Ltd. | 1.74% | 2.30% | +0.56% |
| MTAR Technologies Ltd. | 1.37% | 1.88% | +0.51% |
| FSN E-Commerce Ventures Ltd. | 5.65% | 6.15% | +0.50% |
| Gravita India Ltd. | 3.48% | 3.06% | -0.43% |
| Meesho Ltd. | 1.95% | 2.36% | +0.41% |
| Affle 3I Ltd. | 5.47% | 5.74% | +0.27% |
| Happiest Minds Technologies Ltd. | 1.11% | 0.92% | -0.19% |
| KPIT Technologies Ltd. | 2.25% | 2.09% | -0.16% |
| Clean Science And Technology Ltd. | 2.78% | 2.92% | +0.15% |
| CE Info Systems Ltd. | 1.82% | 1.68% | -0.14% |
| Divi's Laboratories Ltd. | 1.88% | 2.02% | +0.13% |
| Shiprocket Ltd. | 2.33% | 2.20% | -0.13% |
| Info Edge (India) Ltd. | 8.96% | 9.07% | +0.12% |
| Oracle Financial Services Software Ltd. | 1.65% | 1.54% | -0.11% |
| Newgen Software Technologies Ltd. | 2.82% | 2.72% | -0.10% |
| Eternal Ltd. | 9.48% | 9.39% | -0.09% |
| Nazara Technologies Ltd. | 3.29% | 3.20% | -0.09% |
| Praj Industries Ltd. | 2.64% | 2.56% | -0.08% |
| Latent View Analytics Ltd. | 1.59% | 1.52% | -0.07% |
| TBO Tek Ltd. | 1.22% | 1.28% | +0.06% |
| Yatra Online Ltd. | 2.39% | 2.45% | +0.06% |
| Swiggy Ltd. | 1.66% | 1.61% | -0.05% |
| Fractal Analytics Ltd. | 0.96% | 0.91% | -0.05% |
| Awfis Space Solutions Ltd. | 1.63% | 1.68% | +0.05% |
| Delhivery Ltd. | 2.16% | 2.12% | -0.04% |
| RateGain Travel Technologies Ltd. | 4.49% | 4.44% | -0.04% |
| Urban Company Ltd. | 1.43% | 1.47% | +0.04% |
| Suzlon Energy Ltd. | 2.89% | 2.86% | -0.03% |
| L&T Technology Services Ltd. | 1.24% | 1.21% | -0.03% |
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 | ₹3,484 Cr | 2.15% | 13.5% | 10.5% | 14.9% |
 ICICI Prudential Innovation Fund | ₹7,549 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 | ₹1,345 Cr | 2.27% | 21.5% | 13.2% | 14.3% |
 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 medium to long-term capital appreciation through investment primarily in growth and innovation-oriented equity and equity-related instruments.
Fund managers
- Nitin JainMr. Jain holds a Bachelor of Engineering Degree and is also MMS.Has been associated with SBIMF since 2004. Earlier,he was with IDBI Capital Market Services Ltd.
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 months4.05% absolute | ₹60,000 | ₹62,430 | 4.05% | |
| 1 year−5.06% annualised | ₹1,20,000 | ₹1,16,761 | −2.70% | |
| 3 years3.19% annualised | ₹3,60,000 | ₹3,78,266 | 5.07% |
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.