UTI Innovation Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

UTI Innovation Fund is a Thematic fund run by UTI Mutual Fund. On 30-09-2026, it managed ₹768 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 3.9% a year and its Regular plan returned 2.5% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.

NAV (Direct plan): ₹11.19; ▼ 1.26%30-10-2026
NAV (Regular plan): ₹10.72; ▼ 1.26%30-10-2026
Expense ratio: 1.26%Direct2.43%Regular; 1.26%; A year
Riskometer: Very High; Set by the fund house
3 year return: 3.9%Direct2.5%Regular; 3.9%; A year

UTI Innovation Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹11.19 (down 1.26% that day); Regular Plan Growth ₹10.72 (down 1.26% that day).

This fund (Direct plan)

₹11.1882

UTI 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)	−1.91%	−4.29%	+3.52%	−9.51%	+3.91%	--	--
This fund (Regular)	−2.01%	−4.59%	+2.87%	−10.70%	+2.47%	--	--
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%	+13.76%	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	+54.78%	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	−4.46%	--	--
Rank in Thematic	108/235	90/232	70/232	191/215	130/133	--	--

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

UTI Innovation Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty 500 TRI
2026to date	−5.63%	−6.65%	−7.51%
2025	−6.47%	−7.77%	+7.76%
2024	+20.12%	+18.36%	+16.24%

UTI 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 500 periods, one for each trading day from 18-10-2024 to 30-10-2026.

−20%−10%0%10%20%30%40%

Dec 2023
to
Dec 2024Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Dec 2024
to
Dec 2025May 2025
to
May 2026Aug 2025
to
Aug 2026

UTI 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	500	−1.3%	−13.8%	28.5%	59%	4.9%	9%
2 years	252	−0.5%	−7.9%	11.5%	55%	4.8%	0%

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	25	0.0%	−29.6%	41.0%	48%	4.0%	32%

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.

UTI Innovation Fund Risk

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

Risk and return

Measure	UTI Innovation Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	−9.51%	−7.34%
Standard deviation	19.38%	14.48%
Sharpe ratio	-0.76	-0.87
Sortino ratio	-1.02	-1.16
Maximum drawdown	−25.7% (23-03-2026)	−14.7% (30-03-2026)
Beta	1.13	1.00
Alpha	−0.48%	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	UTI Innovation Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+3.91%	+10.22%
Standard deviation	18.10%	14.30%
Sharpe ratio	-0.12	0.29
Sortino ratio	-0.16	0.40
Maximum drawdown	−31.5% (23-03-2026)	−18.6% (28-02-2025)
Beta	1.05	1.00
Alpha	−6.51%	0.00%

From daily NAVs, 30-10-2023 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	UTI Innovation Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+3.71%	+9.03%
Standard deviation	18.01%	14.31%
Sharpe ratio	-0.13	0.21
Sortino ratio	-0.18	0.28
Maximum drawdown	−31.5% (23-03-2026)	−18.6% (28-02-2025)
Beta	1.04	1.00
Alpha	−5.44%	0.00%

From daily NAVs, 18-10-2023 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.

−40%−30%−20%−10%0%

202420252026

UTI Innovation Fund (Direct)Nifty 500 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
UTI Innovation Fund (Direct)	−31.5%	23-09-2024	23-03-2026	Not yet	--	−16.6%
Nifty 500 TRI	−18.6%	26-09-2024	28-02-2025	Not yet	--	−8.8%

From the Direct plan's daily NAV since 18-10-2023, 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.

UTI 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
UTI Innovation Fund	130/133	768	1.26%	−9.51%	+3.91%	−6.51%	1.05	-0.12	-0.16

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.

UTI Innovation Fund Expense Ratio and Costs

What each plan charges a year, in force from 23-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	0.96%	0.04%	0.00%	0.26%	1.26%	1.18%	138/235
Regular	2.04%	0.04%	0.00%	0.35%	2.43%	2.41%	123/235

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	−10.70%	−9.51%	1.19%	₹89,300	₹90,490
3 years	2.47%	3.91%	1.44% a year	₹1,07,595	₹1,12,195

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.

UTI 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 18-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planUTI Innovation Fund (Direct)	₹3,70,000	₹3,67,249	−₹2,751	−0.5%
Regular planUTI Innovation Fund (Regular)	₹3,70,000	₹3,59,399	−₹10,601	−1.8%
Nifty 500 TRI	₹3,70,000	₹3,77,943	₹7,943	1.4%
Category averageCategory average, 235 Thematic funds	₹3,70,000	₹4,03,452	₹33,452	5.6%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L₹5.0 L

202420252026

Direct planUTI Innovation Fund (Direct)Regular planUTI 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.

UTI Innovation Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

96.2%Equity

Asset	Fund	Category
Equity	96.2%	94.5%
Cash and others	3.8%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	13.7%	45.7%
Mid Cap	32.7%	19.6%
Small Cap	47.6%	24.1%
Not on AMFI's list	2.2%	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.

UTI Innovation Fund Sector Allocation

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

Largest sectors

Retailing30.1%
IT - Software15.8%
Financial Technology (Fintech)7.9%
IT - Services7.0%
Pharmaceuticals & Biotechnology6.9%
Electrical Equipment4.7%
Transport Services4.3%
Leisure Services3.7%
Entertainment3.2%
Minerals & Mining3.1%

The ten largest of 14 sectors. The other 4 add up to 9.5%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Retailing	31.6%	29.1%	30.1%	−1.5%
IT - Software	17.9%	16.7%	15.8%	−2.1%
Financial Technology (Fintech)	9.5%	10.4%	7.9%	−1.6%
IT - Services	7.0%	6.7%	7.0%	0.0%
Pharmaceuticals & Biotechnology	4.5%	6.2%	6.9%	+2.4%

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.

UTI Innovation Fund Portfolio Holdings

As on 30-09-2026 · 32 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
EQ - ETERNAL LIMITED	Retailing	9.39%	−6.9%
EQ - INFO-EDGE (INDIA) LTD.	Retailing	9.07%	0.0%
EQ - FSN E-COMMERCE VENTURES(NYKAA)	Retailing	6.15%	+9.0%
EQ - AFFLE 3I LIMITED	IT - Services	5.74%	+1.7%
EQ - ACUTAAS CHEMICALS LIMITED	Pharmaceuticals & Biotechnology	4.92%	0.0%
EQ - ONE 97 COMMUNICATIONS LTD	Financial Technology (Fintech)	4.83%	−26.6%
EQ - RATEGAIN TRAVEL TECHNOLOGIES LTD	IT - Software	4.44%	0.0%
EQ - NAZARA TECHNOLOGIES LTD	Entertainment	3.20%	−15.3%
EQ - GRAVITA INDIA LTD.	Minerals & Mining	3.06%	0.0%
EQ - PB FINTECH LTD	Financial Technology (Fintech)	3.05%	+16.9%
EQ - CLEAN SCIENCE & TECHNOLOGY LTD	Chemicals & Petrochemicals	2.92%	0.0%
EQ - SUZLON ENERGY LTD.	Electrical Equipment	2.86%	+9.1%
EQ - NEWGEN SOFTWARE TECHNOLOGIES LTD	IT - Software	2.72%	0.0%
EQ - PRAJ INDUSRIES LTD.	Industrial Manufacturing	2.56%	0.0%
EQ - YATRA ONLINE LTD.	Leisure Services	2.45%	0.0%
EQ - MEESHO LTD	Retailing	2.36%	0.0%
EQ - BILLIONBRAINS GARAGE VENTURES LTD	Capital Markets	2.30%	+26.5%
EQ - SHIPROCKET LIMITED	Transport Services	2.20%	0.0%
EQ - DELHIVERY LTD.	Transport Services	2.12%	0.0%
EQ - KPIT TECHNOLOGIES LTD	IT - Software	2.09%	0.0%
EQ - DIVIS LABORATORIES LTD.	Pharmaceuticals & Biotechnology	2.02%	0.0%
EQ - MTAR TECHNOLOGIES LTD	Electrical Equipment	1.88%	+13.6%
EQ - AWFIS SPACE SOLUTIONS LTD	Commercial Services & Supplies	1.68%	0.0%
EQ - C.E. INFO SYSTEMS LTD	IT - Software	1.68%	0.0%
EQ - SWIGGY LTD	Retailing	1.61%	0.0%
EQ - ORACLE FINANCIAL SERVICES SOFT	IT - Software	1.54%	+1.0%
EQ - LATENT VIEW ANALYTICS LTD	IT - Software	1.52%	0.0%
EQ - URBAN COMPANY LIMITED	Retailing	1.47%	0.0%
EQ - TBO TEK LTD	Leisure Services	1.28%	0.0%
EQ - L&T TECHNOLOGY SERVICES LTD	IT - Services	1.21%	0.0%
EQ - HAPPIEST MINDS TECHNOLOGIES LT	IT - Software	0.92%	0.0%
EQ - FRACTAL ANALYTICS LTD	IT - Software	0.91%	0.0%

UTI Innovation Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

EQ - ETERNAL LIMITED	Reduced	−6.9%	9.39%
EQ - ONE 97 COMMUNICATIONS LTD	Reduced	−26.6%	4.83%
EQ - FSN E-COMMERCE VENTURES(NYKAA)	Added	+9.0%	6.15%
EQ - AFFLE 3I LIMITED	Added	+1.7%	5.74%
EQ - PB FINTECH LTD	Added	+16.9%	3.05%
EQ - NAZARA TECHNOLOGIES LTD	Reduced	−15.3%	3.20%
EQ - SUZLON ENERGY LTD.	Added	+9.1%	2.86%
EQ - BILLIONBRAINS GARAGE VENTURES LTD	Added	+26.5%	2.30%
EQ - MTAR TECHNOLOGIES LTD	Added	+13.6%	1.88%
EQ - ORACLE FINANCIAL SERVICES SOFT	Added	+1.0%	1.54%

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 UTI Innovation Fund bought and sold

UTI Innovation Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Mirae Asset Nifty India Internet ETFETF · Mirae Asset	42.7%	11	Compare
Groww Nifty India internet ETFETF · Groww	42.7%	11	Compare
Edelweiss BSE Internet Economy Index FundIndex · Edelweiss	34.3%	8	Compare
SBI Innovative Opportunities FundThematic · SBI	32.7%	14	Compare
Tata NIFTY India Digital Exchange Traded FundIndex · Tata	32.4%	16	Compare
HDFC Nifty India Digital Index FundIndex · HDFC	30.1%	14	Compare
Union Innovation & Opportunities FundThematic · Union	29.9%	15	Compare
Motilal Oswal Digital India FundThematic · Motilal Oswal	29.8%	10	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.

UTI Innovation Fund Overview

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

Expense ratio (Direct): 1.26%
Expense ratio (Regular): 2.43%
Category: Thematic
Risk: Very High
Benchmark: Nifty 500 TRI
Launch date: 13-10-2023
AUM: ₹767.83 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 152087
ISIN (Direct): INF789F1AZA4
Scheme code (Regular): 152086
ISIN (Regular): INF789F1AYY7
NAV history: From 18-10-2023, 3.0 years

Minimum investment: REGULAR PLAN-GROWTH:5000 , DIRECT PLAN-GROWTH:5000, REGULAR PLAN-PAYOUT OF IDCW:5000, DIRECT PLAN-PAYOUT OF IDCW:5000
Minimum additional investment: REGULAR PLAN-GROWTH:1000 , DIRECT PLAN-GROWTH:1000, REGULAR PLAN-PAYOUT OF IDCW:1000, DIRECT PLAN-PAYOUT OF IDCW:1000
Exit load: 1% if redeemed/switched out within 12 months from the date of allotment, Nil thereafter.

Tax on UTI Innovation Fund returns

UTI 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	₹11.1882	30-10-2026
direct	IDCW	₹11.1882	30-10-2026
regular	Growth	₹10.7219	30-10-2026
regular	IDCW	₹10.7219	30-10-2026

About UTI Innovation Fund

UTI Innovation Fund is a mutual fund from UTI Mutual Fund. Its category is Thematic. It was launched on 13-10-2023. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 32 securities.

Fund Manager

Nitin Jain FM 1
Fund manager of UTI Innovation Fund, since 01-10-2024

See all funds of UTI Mutual Fund

AUM change

September 2026: ₹767.83 Cr; −8.30% from August 2026
August 2026: ₹837.37 Cr; +6.01% from July 2026
July 2026: ₹789.89 Cr; +2.98% from June 2026

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

Compare UTI Innovation Fund with Other Funds

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

UTI Innovation vs Nippon India Taiwan EquityThematic
UTI Innovation vs HDFC DefenceThematic
UTI Innovation vs HDFC Pharma and HealthcareThematic
UTI Innovation vs SBI Healthcare OpportunitiesThematic
UTI Innovation vs Aditya Birla Sun Life International EquityThematic
UTI Innovation vs Mirae Asset Nifty India Internet ETF42.7% overlap
UTI Innovation vs Groww Nifty India internet ETF42.7% overlap
UTI Innovation vs Edelweiss BSE Internet Economy Index34.3% overlap

Compare with any other fund

Frequently Asked Questions for UTI Innovation Fund

What is the current NAV of UTI Innovation Fund?

The Direct plan NAV is ₹11.1882. The Regular plan NAV is ₹10.7219, as on 30-10-2026.

What are the returns of UTI Innovation Fund?

The Direct plan returned −9.51% in 1 year, +3.91% a year over 3 years. The Regular plan returned −10.70% in 1 year, +2.47% a year over 3 years. These figures are as on 30-10-2026.

What is the expense ratio of UTI Innovation Fund?

The Direct plan charges 1.26% a year. The Regular plan charges 2.43% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.

What is the AUM of UTI Innovation Fund?

UTI Innovation Fund managed ₹767.83 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of UTI Innovation Fund?

At the end of September 2026 the largest holdings were ETERNAL (9.39%), NAUKRI (9.07%), NYKAA (6.15%), AFFLE (5.74%), ACUTAAS (4.92%). The fund held 32 securities in all.

What did UTI Innovation Fund buy and sell in September 2026?

It added shares in 7. It reduced 3.

How do I invest in UTI Innovation Fund?

Through UTI 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 REGULAR PLAN-GROWTH:5000 , DIRECT PLAN-GROWTH:5000, REGULAR PLAN-PAYOUT OF IDCW:5000, DIRECT PLAN-PAYOUT OF IDCW:5000. You can invest once or through a monthly SIP.

Who is the fund manager of UTI Innovation Fund?

Nitin Jain FM 1 (since 01-10-2024).

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.