NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
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₹10.11
0.70%
NAV as on 17 Apr 26, 12:00 AM
risk
thematic innovation
equity
NAV as on 17 Apr 26, 12:00 AM
risk
thematic innovation
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
1.14%p.a.
Since Inception
About HDFC Innovation Fund -Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HDFC Innovation Fund -Growth scheme from HDFC Asset Management Company Limited. It is a Thematic - Innovation mutual fund scheme that predominantly invests in Thematic - Innovation stocks of companies. Launched on Jul 2025, HDFC Innovation Fund -Growth is Thematic - Innovation fund of its category with 2,355.83 Cr fund under management as on Apr 2026. The expense ratio of this fund is less than that of most other Fund category Thematic - Innovation funds.
- HDFC Innovation Fund -Growth delivered 0.0% annual returns during the last year. It has delivered 1.1% average annual returns since the fund was launched.
- HDFC Innovation Fund -Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To generate long-term capital appreciation / income by investing in companies that are adopting innovative themes and strategies.
Top 10 Holdings
3M India Ltd
0.86%
ABB India Ltd
1.51%
Alkyl Amines Chemicals Ltd
0.04%
Bajaj Finance Ltd
4.49%
Bharat Electronics Ltd
4.30%
Bharat Forge Ltd
1.00%
Bosch Ltd
1.09%
Cipla Ltd
0.98%
Cummins India Ltd
2.06%
Dhanuka Agritech Ltd
0.00%
Fund Managers
- Amit Sinha (Jun 2025 - Present)
- Dhruv Muchhal (Jun 2025 - Present)
Key Information
View Scheme Document
HDFC Innovation Fund -Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on HDFC Innovation Fund -Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in HDFC Innovation Fund -Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in HDFC Innovation Fund -Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Frequently Asked Questions
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