Tata India Innovation Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Tata India Innovation Fund is a Thematic fund run by Tata Mutual Fund. On 30-09-2026, it managed ₹1,245 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned −1.9% and its Regular plan returned −3.3%. Its benchmark, Nifty 500 TRI, returned −7.3% over the same year.

NAV (Direct plan): ₹10.02; ▼ 0.32%30-10-2026
NAV (Regular plan): ₹9.73; ▼ 0.32%30-10-2026
Expense ratio: 0.97%Direct2.37%Regular; 0.97%; A year
Riskometer: Very High; Set by the fund house
1 year return: −1.9%Direct−3.3%Regular; −1.9%; Total

Tata India Innovation Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹10.02 (down 0.32% that day); Regular Plan Growth ₹9.73 (down 0.32% that day).

This fund (Direct plan)

₹10.0152

Tata India Innovation Fund Returns vs Nifty 500 TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−0.27%	−3.35%	+6.88%	−1.91%	--	--	--
This fund (Regular)	−0.39%	−3.69%	+6.12%	−3.33%	--	--	--
Nifty 500 TRI	−0.75%	−6.05%	−2.83%	−7.34%	+10.22%	+8.81%	+12.51%
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	--	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	--	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	--	--	--
Rank in Thematic	43/235	72/232	51/232	87/215	--	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

Tata India Innovation Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty 500 TRI
2026to date	−0.43%	−1.62%	−7.51%
2025	−0.34%	−1.87%	+7.76%

Tata India Innovation Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 221 periods, one for each trading day from 05-12-2025 to 30-10-2026.

−10%−5%0%5%10%15%20%

Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026

Tata India Innovation Fund (Direct)Nifty 500 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	221	2.6%	−5.5%	9.7%	23%	2.7%	56%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 500 TRI over the same days. Past returns do not promise future returns.

Tata India Innovation Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Tata India Innovation Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	−1.91%	−7.34%
Standard deviation	14.35%	14.48%
Sharpe ratio	-0.50	-0.87
Sortino ratio	-0.68	-1.16
Maximum drawdown	−16.8% (23-03-2026)	−14.7% (30-03-2026)
Beta	0.95	1.00
Alpha	+4.76%	0.00%

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Tata India Innovation Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	−0.65%	−2.23%
Standard deviation	14.70%	14.14%
Sharpe ratio	-0.42	-0.55
Sortino ratio	-0.57	-0.75
Maximum drawdown	−18.1% (07-04-2025)	−14.7% (28-02-2025)
Beta	0.98	1.00
Alpha	+1.43%	0.00%

From daily NAVs, 05-12-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−20%−15%−10%−5%0%

20252026

Tata India Innovation Fund (Direct)Nifty 500 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Tata India Innovation Fund (Direct)	−18.1%	02-01-2025	07-04-2025	19-09-2025	5 months	−5.5%
Nifty 500 TRI	−14.7%	13-12-2024	28-02-2025	09-06-2025	3 months	−8.4%

From the Direct plan's daily NAV since 05-12-2024, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Tata India Innovation Fund vs Other Thematic Funds

The five Thematic funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
Tata India Innovation Fund	87/215	1,245	0.97%	−1.91%	--	--	--	--	--

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Tata India Innovation Fund Expense Ratio and Costs

What each plan charges a year, in force from 21-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	0.66%	0.06%	0.00%	0.25%	0.97%	1.18%	51/235
Regular	1.86%	0.06%	0.00%	0.45%	2.37%	2.41%	109/235

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	−3.33%	−1.91%	1.42%	₹96,670	₹98,090

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Tata India Innovation Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 05-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planTata India Innovation Fund (Direct)	₹2,30,000	₹2,37,913	₹7,913	3.4%
Regular planTata India Innovation Fund (Regular)	₹2,30,000	₹2,34,442	₹4,442	1.9%
Nifty 500 TRI	₹2,30,000	₹2,25,235	−₹4,765	−2.1%
Category averageCategory average, 235 Thematic funds	₹2,30,000	₹2,36,889	₹6,889	3.0%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L

20252026

Direct planTata India Innovation Fund (Direct)Regular planTata India Innovation Fund (Regular)Nifty 500 TRICategory averageCategory average, 235 Thematic fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Tata India Innovation Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

91.6%Equity

Asset	Fund	Category
Equity	91.6%	94.5%
Cash and others	8.4%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	42.6%	45.7%
Mid Cap	13.4%	19.6%
Small Cap	33.3%	24.1%
Not on AMFI's list	2.3%	2.3%

Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Tata India Innovation Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Banks17.9%
Healthcare Services10.5%
Pharmaceuticals & Biotechnology7.8%
Retailing7.0%
Auto Components6.6%
Automobiles6.5%
IT - Software4.6%
Consumer Durables3.8%
Transport Infrastructure3.7%
Petroleum Products3.5%

The ten largest of 22 sectors. The other 12 add up to 19.8%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	18.9%	19.5%	17.9%	−1.0%
Healthcare Services	12.0%	9.7%	10.5%	−1.5%
Pharmaceuticals & Biotechnology	6.7%	6.4%	7.8%	+1.1%
Retailing	6.5%	6.8%	7.0%	+0.4%
Auto Components	6.4%	7.8%	6.6%	+0.2%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

Tata India Innovation Fund Portfolio Holdings

As on 30-09-2026 · 60 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
ICICI BANK LTD	Banks	5.07%	0.0%
HDFC BANK LTD	Banks	4.13%	0.0%
ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD	Transport Infrastructure	3.74%	0.0%
RELIANCE INDUSTRIES LTD	Petroleum Products	3.50%	0.0%
AXIS BANK LTD	Banks	3.41%	0.0%
BHARTI AIRTEL LTD	Telecom - Services	3.17%	0.0%
ETERNAL LTD	Retailing	2.96%	0.0%
DR. LAL PATH LABS LTD	Healthcare Services	2.73%	0.0%
TECH MAHINDRA LTD	IT - Software	2.72%	0.0%
MAHINDRA & MAHINDRA LTD	Automobiles	2.49%	0.0%
VISHAL MEGA MART LTD	Retailing	2.24%	0.0%
DIXON TECHNOLOGIES (INDIA) LTD	Consumer Durables	2.18%	0.0%
MARUTI SUZUKI INDIA LTD	Automobiles	2.07%	0.0%
ATHER ENERGY LTD	Automobiles	1.90%	0.0%
TBO TEK LTD	Leisure Services	1.89%	0.0%
EMMVEE PHOTOVOLTAIC POWER LTD	Electrical Equipment	1.75%	0.0%
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD	Auto Components	1.74%	0.0%
KARUR VYSYA BANK LTD	Banks	1.70%	0.0%
METROPOLIS HEALTHCARE LTD	Healthcare Services	1.67%	0.0%
PCBL CHEMICAL LTD	Chemicals & Petrochemicals	1.55%	0.0%
SWIGGY LTD	Retailing	1.54%	0.0%
PB FINTECH LTD	Financial Technology (Fintech)	1.54%	0.0%
KOTAK MAHINDRA BANK LTD	Banks	1.51%	0.0%
FIRSTSOURCE SOLUTIONS LTD	Commercial Services & Supplies	1.51%	0.0%
ACUTAAS CHEMICALS LTD	Pharmaceuticals & Biotechnology	1.45%	−8.3%
SAI LIFE SCIENCES LTD	Pharmaceuticals & Biotechnology	1.40%	0.0%
INFOSYS LTD	IT - Software	1.40%	0.0%
RBL BANK LTD	Banks	1.33%	−37.9%
ADANI ENERGY SOLUTIONS LTD	Power	1.32%	0.0%
HEALTHCARE GLOBAL ENTERPRISES LTD	Healthcare Services	1.27%	0.0%
AFFLE 3I LTD	IT - Services	1.26%	0.0%
MANIPAL HEALTH ENTERPRISES LTD	Healthcare Services	1.24%	0.0%
SAMVARDHANA MOTHERSON INTERNATIONAL LTD	Auto Components	1.20%	−35.4%
CARBORUNDUM UNIVERSAL LTD	Industrial Products	1.16%	0.0%
ORCHID PHARMA LTD	Pharmaceuticals & Biotechnology	1.15%	0.0%
VIJAYA DIAGNOSTIC CENTRE LTD	Healthcare Services	1.12%	0.0%
ADITYA BIRLA SUN LIFE AMC LTD	Capital Markets	1.11%	0.0%
ASTER DM QUALITY CARE LTD	Healthcare Services	1.10%	0.0%
TORRENT PHARMACEUTICALS LTD	Pharmaceuticals & Biotechnology	1.08%	0.0%
AUROBINDO PHARMA LTD	Pharmaceuticals & Biotechnology	1.07%	0.0%
PRASOL CHEMICALS LTD	Chemicals & Petrochemicals	1.07%	New
DR REDDYS LABORATORIES LTD	Pharmaceuticals & Biotechnology	0.99%	New
CRAFTSMAN AUTOMATION LTD	Auto Components	0.97%	−17.8%
PRICOL LTD	Auto Components	0.96%	−23.9%
CUMMINS INDIA LTD	Industrial Products	0.96%	0.0%
SONA BLW PRECISION FORGINGS LTD	Auto Components	0.90%	−28.9%
VOLTAS LTD	Consumer Durables	0.86%	0.0%
ADANI ENTERPRISES LTD	Metals & Minerals Trading	0.81%	0.0%
SYNGENE INTERNATIONAL LTD	Healthcare Services	0.81%	0.0%
SPR AUTO TECHNOLOGIES LTD	Auto Components	0.79%	0.0%
STATE BANK OF INDIA	Banks	0.77%	0.0%
PIRAMAL PHARMA LTD	Pharmaceuticals & Biotechnology	0.66%	0.0%
RAINBOW CHILDRENS MEDICARE LTD	Healthcare Services	0.53%	+12787.7%
ZENSAR TECHNOLOGIES LTD	IT - Software	0.52%	+58.3%
HAVELLS INDIA LTD	Consumer Durables	0.41%	0.0%
LG ELECTRONICS INDIA LTD	Consumer Durables	0.35%	0.0%
CG POWER AND INDUSTRIAL SOLUTIONS LTD	Electrical Equipment	0.34%	0.0%
ECLERX SERVICES LTD	Commercial Services & Supplies	0.28%	−72.5%
MEESHO LTD	Retailing	0.21%	0.0%
LAXMI DENTAL LTD	Healthcare Equipment & Supplies	0.08%	0.0%

Tata India Innovation Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

RBL BANK LTD	Reduced	−37.9%	1.33%
SAMVARDHANA MOTHERSON INTERNATIONAL LTD	Reduced	−35.4%	1.20%
BAJAJ FINSERV LTD	Sold out	−100%	was 1.50%
ACUTAAS CHEMICALS LTD	Reduced	−8.3%	1.45%
BANK OF BARODA	Sold out	−100%	was 1.42%
PRICOL LTD	Reduced	−23.9%	0.96%
CRAFTSMAN AUTOMATION LTD	Reduced	−17.8%	0.97%
SONA BLW PRECISION FORGINGS LTD	Reduced	−28.9%	0.90%
PRASOL CHEMICALS LTD	New	New	1.07%
ECLERX SERVICES LTD	Reduced	−72.5%	0.28%
DR REDDYS LABORATORIES LTD	New	New	0.99%
RAINBOW CHILDRENS MEDICARE LTD	Added	+12787.7%	0.53%
ZENSAR TECHNOLOGIES LTD	Added	+58.3%	0.52%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What Tata India Innovation Fund bought and sold

Tata India Innovation Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Tata Multicap FundMulti Cap · Tata	47.6%	34	Compare
UTI Children's Equity FundSolution · UTI	37.4%	21	Compare
Nippon India Flexi Cap FundFlexi Cap · Nippon India	37.2%	24	Compare
UTI ELSS Tax Saver FundELSS · UTI	36.9%	20	Compare
Canara Robeco Flexi Cap FundFlexi Cap · Canara Robeco	35.7%	21	Compare
Kotak Large Cap FundLarge Cap · Kotak Mahindra	35.6%	20	Compare
Axis Value FundValue and Contra · Axis	35.5%	26	Compare
Aditya Birla Sun Life Focused FundFocused · Aditya Birla Sun Life	35.2%	14	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Tata India Innovation Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.97%
Expense ratio (Regular): 2.37%
Category: Thematic
Risk: Very High
Benchmark: Nifty 500 TRI
Launch date: 28-11-2024
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹1,244.91 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 153055
ISIN (Direct): INF277KA1CU2
Scheme code (Regular): 153059
ISIN (Regular): INF277KA1CR8
NAV history: From 05-12-2024, 1.9 years

Exit load: Exit load of 0.50%, if redeemed within 30 days.

Tax on Tata India Innovation Fund returns

Tata India Innovation Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹10.0152	30-10-2026
direct	IDCW Payout	₹10.0152	30-10-2026
direct	IDCW Reinvestment	₹10.0152	30-10-2026
regular	Growth	₹9.7314	30-10-2026
regular	IDCW Payout	₹9.7314	30-10-2026
regular	IDCW Reinvestment	₹9.7314	30-10-2026

About Tata India Innovation Fund

Tata India Innovation Fund is a mutual fund from Tata Mutual Fund. Its category is Thematic. It was launched on 28-11-2024. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 60 securities.

Fund Manager

Meeta Shetty
Fund manager of Tata India Innovation Fund, since 28-11-2024
Hasmukh Vishariya
Fund manager of Tata India Innovation Fund, since 01-03-2025

See all funds of Tata Mutual Fund

AUM change

September 2026: ₹1,244.91 Cr; −7.49% from August 2026
August 2026: ₹1,345.73 Cr; −1.65% from July 2026
July 2026: ₹1,368.35 Cr; −1.35% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Tata India Innovation Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Tata India Innovation vs Nippon India Taiwan EquityThematic
Tata India Innovation vs HDFC DefenceThematic
Tata India Innovation vs HDFC Pharma and HealthcareThematic
Tata India Innovation vs SBI Healthcare OpportunitiesThematic
Tata India Innovation vs Aditya Birla Sun Life International EquityThematic
Tata India Innovation vs Tata Multicap47.6% overlap
Tata India Innovation vs UTI Children's Equity37.4% overlap
Tata India Innovation vs Nippon India Flexi Cap37.2% overlap

Compare with any other fund

Frequently Asked Questions for Tata India Innovation Fund

What is the current NAV of Tata India Innovation Fund?

The Direct plan NAV is ₹10.0152. The Regular plan NAV is ₹9.7314, as on 30-10-2026.

What are the returns of Tata India Innovation Fund?

The Direct plan returned −1.91% in 1 year. The Regular plan returned −3.33% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Tata India Innovation Fund?

The Direct plan charges 0.97% a year. The Regular plan charges 2.37% a year. This is the figure the fund house reported to AMFI, in force from 21-10-2026.

What is the AUM of Tata India Innovation Fund?

Tata India Innovation Fund managed ₹1,244.91 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Tata India Innovation Fund?

At the end of September 2026 the largest holdings were ICICIBANK (5.07%), HDFCBANK (4.13%), ADANIPORTS (3.74%), RELIANCE (3.50%), AXISBANK (3.41%). The fund held 60 securities in all.

What did Tata India Innovation Fund buy and sell in September 2026?

It bought 2 new stocks: DR REDDYS LABORATORIES LTD, PRASOL CHEMICALS LTD. It sold out of 2: BANK OF BARODA, BAJAJ FINSERV LTD. It added shares in 2. It reduced 7.

How do I invest in Tata India Innovation Fund?

Through Tata Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of Tata India Innovation Fund?

Meeta Shetty (since 28-11-2024), Hasmukh Vishariya (since 01-03-2025).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.