Mutual fund · Sectoral / Thematic
HDFC Innovation Fund
₹3,152 cr across 74 positions, as filed for 2026-09-30. Returns are the fund's AMFI growth-plan NAV; holdings and behavior come from its filed monthly portfolios.
Returns, against the category
Q2 FY27: +15% over 1 year against the median Sectoral / Thematic fund's +2%.
| Over | Quarter | 1 year | 3 years (ann.) | 5 years (ann.) |
|---|---|---|---|---|
| HDFC Innovation Fund | +7% | +15% | — | — |
| Median Sectoral / Thematic fund | −2% | +2% | +12% | +11% |
—Q3 FY24—Q4 FY24—Q1 FY25—Q2 FY25—Q3 FY25—Q4 FY25—Q1 FY26—Q2 FY26—Q3 FY26—Q4 FY26—Q1 FY27+15%Q2 FY27
What moved the fund, last 12 filed months
Contribution = the fund's filed weight each month × that stock's price move in its own filings, in percentage points of NAV. Corporate-action months are left out.
| Stock | 12 months | Latest month |
|---|---|---|
| Rubicon Research Limited | +1.8 pp | −0.4 pp |
| Divis Laboratories Ltd. | +1.7 pp | −0.1 pp |
| Laurus Labs Ltd. | +1.7 pp | +0.0 pp |
| LENSKART SOLUTIONS LIMITED | +1.4 pp | +0.1 pp |
| Navin Fluorine International Ltd. | +1.4 pp | −0.1 pp |
| Stock | 12 months | Latest month |
|---|---|---|
| PB Fintech Limited | −1.3 pp | −1.4 pp |
| GE Vernova T&D India Limited | −0.5 pp | −0.1 pp |
| INFO EDGE (INDIA) LIMITED | −0.5 pp | −0.2 pp |
| Godrej Consumer Products Ltd. | −0.4 pp | −0.1 pp |
| Le Travenues Technology Limited | −0.4 pp | −0.0 pp |
Holdings, as filed for 2026-09-30
| Holding | Sector | % of fund | Value | Held for | Vs avg cost |
|---|---|---|---|---|---|
| Eternal Ltd | Consumer Services | 9.19% | ₹290 cr | 15 mo | +5% |
| Bajaj Finance Limited | Financial Services | 4.02% | ₹127 cr | 15 mo | +9% |
| Divi's Laboratories Limited | Healthcare | 3.32% | ₹105 cr | 15 mo | +43% |
| Rubicon Research Limited | Healthcare | 3.21% | ₹101 cr | 12 mo | +85% |
| Bharat Electronics Limited | Capital Goods | 3.12% | ₹98 cr | 15 mo | +2% |
| M & M | Automobile and Auto Components | 3.10% | ₹98 cr | 15 mo | -10% |
| Hindustan Aeronautics Limited | Capital Goods | 2.72% | ₹86 cr | 15 mo | +4% |
| Sun Pharmaceutical Industries Limited | Healthcare | 2.54% | ₹80 cr | 15 mo | +5% |
| Lenskart Solutions Limited | Consumer Services | 2.52% | ₹79 cr | 12 mo | +57% |
| PB Fintech Limited | Financial Services | 2.41% | ₹76 cr | 15 mo | -36% |
| Info Edge (India) Limited | Consumer Services | 2.34% | ₹74 cr | 15 mo | -12% |
| Navin Fluorine International Limited | Chemicals | 2.30% | ₹73 cr | 15 mo | +63% |
| Torrent Pharmaceuticals Limited | Healthcare | 2.25% | ₹71 cr | 15 mo | +28% |
| Tata Power Company Limited | Power | 1.65% | ₹52 cr | 15 mo | -10% |
| Reliance Industries Limited | Oil, Gas & Consumable Fuels | 1.62% | ₹51 cr | 15 mo | -15% |
How this fund actually behaves
Computed from every filed monthly portfolio (15 months of filings) by the research pipeline.
| Holding patience | Median months a position is held (25th–75th band) | 4 mo (3–7) |
| Win rate on exits | Closed positions sold above entry, and the payoff ratio (5 exits) | — · payoff — |
| Loser handling | Cuts losers vs averages down, from 12 months of filings | Sample too small |
| Entry valuation discipline | Median P/E paid on entries over 36 months; share above 50× | 51× · 52% over 50× |
| Portfolio valuation today | Weighted P/E and P/B of the current book at filed prices (P/E covers 93% of equity) | 87.4× P/E · 11.1× P/B · 3% loss-makers |
| Churn | Stocks entered and exited in 12 months, of 74 positions | 34 in · 18 out |
| Concentration | Top 10 holdings' share; effective number of positions | 36% · ~35 effective |