What stocks does HDFC INNOVATION FUND hold?

HDFC INNOVATION FUND holds a portfolio of Indian equity stocks disclosed monthly by HDFC Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages HDFC INNOVATION FUND?

HDFC INNOVATION FUND is managed by HDFC Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is HDFC INNOVATION FUND?

HDFC INNOVATION FUND is classified as a Equity mutual fund under SEBI's mutual fund categorisation framework.

How often is HDFC INNOVATION FUND portfolio data updated?

Portfolio holdings for HDFC INNOVATION FUND are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← HDFC Mutual Fund

HDFC INNOVATION FUND - DIRECT PLAN - GROWTH OPTION

Equity Data as of Sep 2026 Comparing Aug 2026 → Sep 2026

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⌕

Stocks Held

Sep 2026

Equity Holdings

₹2,937.20 Cr

Equity only, excl. debt & cash

AAUM

₹3,039.81 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

22.9%

Diversified

Top 10 Weight

36.2%

Diversified

Changes

3 new · 1 exits

Top Sector

Pharmaceuticals & Biotechnology

17.0% of portfolio

Launch Date

27 Jun 2025

1 years old

AAUM (Average Assets Under Management) of ₹3,039.81 Cr for Jul-Sep 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month HDFC INNOVATION FUND made 3 new additions and exited 1 stock this month. The biggest new buy was Karamtara Engineering Limited (Electrical Equipment) at 1.48% weight. Anthem Biosciences Limited was the biggest exit (Pharmaceuticals & Biotechnology), which was held at 0.94%. Among existing holdings, Ather Energy Limited saw the biggest increase — now at 1.00% of the portfolio. PB Fintech Limited was trimmed the most, now at 2.41%. Eternal Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 17.0%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · HDFC INNOVATION FUND - DIRECT PLAN - GROWTH OPTION

-7.40%

-3.17%

+6.80%

+5.76%

Latest NAV

₹11.03

23 Oct 2026

52W High

₹12.19

-10% from High

52W Low

₹9.25

+19% from Low

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

17.0%

+ve in 100% windows

23.8% / 7.2%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

Pre-inception

Rec: N/A

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

NAV Chart ₹11.03 23 Oct 2026

Simple Moving Avg: Click to draw · click again to remove

HDFC INNOVATION FUND - DIRECT PLAN - GROWTH OPTION

Chart shows indexed performance (base = 100). Actual NAV: ₹11.03

Sector Shift Industry allocation month-over-month

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	19.4%	19.6%	▲ +0.3%
Retailing	15.8%	15.7%	▼ -0.1%
Aerospace & Defense	7.6%	7.3%	▼ -0.3%
Electrical Equipment	7.4%	7.2%	▼ -0.3%
Auto Components	4.6%	4.9%	▲ +0.3%
Finance	5.1%	4.4%	▼ -0.7%
Automobiles	4.6%	4.4%	▼ -0.3%
IT - Software	4.3%	4.2%	▼ -0.1%
Chemicals & Petrochemicals	3.8%	3.8%	● +0.0%
Financial Technology (Fintech)	3.1%	3.8%	▲ +0.7%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	19.6%	17.0%	▼ -2.7%
Retailing	15.7%	14.9%	▼ -0.8%
Electrical Equipment	7.2%	8.4%	▲ +1.2%
Aerospace & Defense	7.3%	7.2%	▼ -0.2%
Auto Components	4.9%	4.9%	● 0.0%
Finance	4.4%	4.7%	▲ +0.3%
Automobiles	4.4%	4.4%	● +0.1%
Chemicals & Petrochemicals	3.8%	3.6%	▼ -0.2%
Power	3.3%	3.4%	● +0.0%
IT - Software	4.2%	3.3%	▼ -1.0%

🟢

Biggest New Buy

Karamtara Engineering Limited

1.48% weight · Electrical Equipment

🔴

Biggest Exit

Anthem Biosciences Limited

0.94% was held · Pharmaceuticals & Biotechnology

↑

Biggest Add

Ather Energy Limited

+0.40% · now 1.00%

↓

Biggest Trim

PB Fintech Limited

-0.91% · now 2.41%

🤝 Other funds also bought this month

Rentomojo Ltd. 40 funds

Moneyview Limited 20 funds

Karamtara Engineering Limited 5 funds

👋 Other funds also exited

Anthem Biosciences Limited 12 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 3 New Entries 🔴 1 Exit ↑ 17 Increased ↓ 55 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	Karamtara Engineering Limited ₹46.70 Cr	Electrical Equipment	1.48%
2	Moneyview Limited ₹20.00 Cr	Finance	0.63%
3	Rentomojo Ltd. ₹10.11 Cr	Commercial Services & Supplies	0.32%

#	Stock	Sector	Last Weight (Aug 2026)
1	Anthem Biosciences Limited ₹30.12 Cr	Pharmaceuticals & Biotechnology	0.94%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Ather Energy Limited ₹31.63 Cr	Automobiles	0.60%	1.00%	+0.40%
2	Indo-MIM Limited ₹30.08 Cr	Industrial Manufacturing	0.82%	0.95%	+0.13%
3	Aequs Limited ₹19.75 Cr	Aerospace & Defense	0.54%	0.63%	+0.09%
4	Tata Power Company Limited ₹51.88 Cr	Power	1.57%	1.65%	+0.08%
5	Molbio Diagnostics Ltd. ₹14.19 Cr	Healthcare Equipment & Supplies	0.37%	0.45%	+0.08%
6	OnEMI Technology Solutions Limited ₹24.27 Cr	N.A.	0.70%	0.77%	+0.07%
7	SEDEMAC MECHATRONICS LTD ₹29.21 Cr	Auto Components	0.87%	0.93%	+0.06%
8	Sona BLW Precision Forgings Limited ₹45.94 Cr	Auto Components	1.41%	1.46%	+0.05%
9	ICICI Prudential Asset Management Company Limited ₹40.84 Cr	Capital Markets	1.25%	1.30%	+0.05%
10	Adani Enterprises Limited ₹45.32 Cr	Metals & Minerals Trading	1.40%	1.44%	+0.04%
11	Laurus Labs Limited ₹30.96 Cr	Pharmaceuticals & Biotechnology	0.94%	0.98%	+0.04%
12	Lumino Industries Limited ₹6.74 Cr	Miscellaneous	0.17%	0.21%	+0.04%
13	Diamond Power Infrastructure Limited ₹24.64 Cr	Electrical Equipment	0.76%	0.78%	+0.02%
14	Torrent Power Limited ₹14.95 Cr	Power	0.46%	0.47%	+0.01%
15	Zydus Lifesciences Limited ₹18.59 Cr	Pharmaceuticals & Biotechnology	0.58%	0.59%	+0.01%
16	Sudeep Pharma Limited ₹14.41 Cr	Pharmaceuticals & Biotechnology	0.45%	0.46%	+0.01%
17	Dhoot Transmission Ltd ₹16.41 Cr	Automobile and Auto Components	0.51%	0.52%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	PB Fintech Limited ₹76.11 Cr	Financial Technology (Fintech)	3.32%	2.41%	-0.91%
2	Divi's Laboratories Limited ₹104.55 Cr	Pharmaceuticals & Biotechnology	4.08%	3.32%	-0.76%
3	Coforge Limited ₹24.31 Cr	IT - Software	1.49%	0.77%	-0.72%
4	Reliance Industries Limited ₹51.04 Cr	Petroleum Products	2.16%	1.62%	-0.54%
5	Eternal Limited ₹289.79 Cr	Retailing	9.63%	9.19%	-0.44%
6	Bajaj Finance Limited ₹126.64 Cr	Finance	4.38%	4.02%	-0.36%
7	Rubicon Research Limited ₹101.20 Cr	Pharmaceuticals & Biotechnology	3.57%	3.21%	-0.36%
8	Mahindra & Mahindra Limited ₹97.73 Cr	Automobiles	3.41%	3.10%	-0.31%
9	One 97 Communications Limited ₹4.51 Cr	Financial Technology (Fintech)	0.44%	0.14%	-0.30%
10	Sun Pharmaceutical Industries Limited ₹80.14 Cr	Pharmaceuticals & Biotechnology	2.75%	2.54%	-0.21%
11	Lenskart Solutions Limited ₹79.35 Cr	Retailing	2.72%	2.52%	-0.20%
12	Netweb Technologies India Limited ₹47.47 Cr	IT - Services	1.70%	1.51%	-0.19%
13	Bharat Electronics Limited ₹98.20 Cr	Aerospace & Defense	3.29%	3.12%	-0.17%
14	Sai Life Sciences Limited ₹35.55 Cr	Pharmaceuticals & Biotechnology	1.30%	1.13%	-0.17%
15	Info Edge (India) Limited ₹73.67 Cr	Retailing	2.49%	2.34%	-0.15%
16	Thyrocare Technologies Limited ₹35.93 Cr	Healthcare Services	1.28%	1.14%	-0.14%
17	GE Vernova T&D India Limited ₹66.97 Cr	Electrical Equipment	2.22%	2.12%	-0.10%
18	ABB India Limited ₹26.90 Cr	Electrical Equipment	0.95%	0.85%	-0.10%
19	Biocon Limited ₹32.11 Cr	Pharmaceuticals & Biotechnology	1.12%	1.02%	-0.10%
20	Torrent Pharmaceuticals Limited ₹70.84 Cr	Pharmaceuticals & Biotechnology	2.34%	2.25%	-0.09%
21	Navin Fluorine International Limited ₹72.54 Cr	Chemicals & Petrochemicals	2.39%	2.30%	-0.09%
22	Bharat Forge Limited ₹26.79 Cr	Auto Components	0.92%	0.85%	-0.07%
23	Infosys Limited ₹14.47 Cr	IT - Software	0.52%	0.46%	-0.06%
24	Lupin Limited ₹28.60 Cr	Pharmaceuticals & Biotechnology	0.97%	0.91%	-0.06%
25	SRF Limited ₹42.04 Cr	Chemicals & Petrochemicals	1.39%	1.33%	-0.06%
26	Hindustan Aeronautics Limited ₹85.88 Cr	Aerospace & Defense	2.77%	2.72%	-0.05%
27	Cummins India Limited ₹25.54 Cr	Industrial Products	0.86%	0.81%	-0.05%
28	Mphasis Limited ₹16.25 Cr	IT - Software	0.57%	0.52%	-0.05%
29	Siemens Limited ₹21.50 Cr	Electrical Equipment	0.73%	0.68%	-0.05%
30	JSW Energy Limited ₹38.66 Cr	Power	1.28%	1.23%	-0.05%
31	Hexaware Technologies Limited ₹15.37 Cr	IT - Software	0.54%	0.49%	-0.05%
32	Urban Company Ltd. ₹16.23 Cr	Retailing	0.56%	0.51%	-0.05%
33	Ideaforge Technology Limited ₹21.84 Cr	Aerospace & Defense	0.74%	0.69%	-0.05%
34	Godrej Consumer Products Limited ₹28.31 Cr	Personal Products	0.94%	0.90%	-0.04%
35	Neuland Laboratories Limited ₹17.73 Cr	Pharmaceuticals & Biotechnology	0.60%	0.56%	-0.04%
36	Sonata Software Limited ₹12.55 Cr	IT - Software	0.44%	0.40%	-0.04%
37	Atlanta Electricals Ltd ₹9.23 Cr	Electrical Equipment	0.33%	0.29%	-0.04%
38	Hindustan Unilever Limited ₹20.29 Cr	Diversified FMCG	0.67%	0.64%	-0.03%
39	Persistent Systems Limited ₹19.79 Cr	IT - Software	0.66%	0.63%	-0.03%
40	Samvardhana Motherson International Limited ₹33.98 Cr	Auto Components	1.11%	1.08%	-0.03%
41	Billionbrains Garage Ventures Ltd ₹33.32 Cr	Capital Markets	1.09%	1.06%	-0.03%
42	Shiprocket Limited ₹7.45 Cr	Transport Services	0.27%	0.24%	-0.03%
43	InterGlobe Aviation Limited ₹19.77 Cr	Transport Services	0.65%	0.63%	-0.02%
44	Hyundai Motor India Ltd ₹10.37 Cr	Automobiles	0.35%	0.33%	-0.02%
45	Kaynes Technology India Limited ₹12.60 Cr	Industrial Manufacturing	0.42%	0.40%	-0.02%
46	3M India Limited ₹21.55 Cr	Diversified	0.70%	0.68%	-0.02%
47	Tenneco Clean Air India Limited ₹18.44 Cr	Auto Components	0.60%	0.58%	-0.02%
48	AMAGI MEDIA LABS LTD ₹34.09 Cr	IT - Services	1.10%	1.08%	-0.02%
49	Tempsens Instruments (India) Limited ₹10.95 Cr	Industrial Manufacturing	0.37%	0.35%	-0.02%
50	SBI Life Insurance Company Limited ₹16.96 Cr	Insurance	0.55%	0.54%	-0.01%
51	TBO Tek Limited ₹13.98 Cr	Leisure Services	0.45%	0.44%	-0.01%
52	Kwality Walls (India) Limited ₹42.36 L	Food Products	0.02%	0.01%	-0.01%
53	Wework India Management Limited ₹9.80 Cr	Commercial Services & Supplies	0.32%	0.31%	-0.01%
54	Emmvee Photovoltaic Power Ltd ₹45.49 Cr	Electrical Equipment	1.45%	1.44%	-0.01%
55	SBI Funds Management Limited ₹5.22 Cr	Capital Markets	0.18%	0.17%	-0.01%

What Stocks Does This Fund Hold?

78 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	Eternal Limited ₹289.79 Cr	Retailing	9.19%
2	Bajaj Finance Limited ₹126.64 Cr	Finance	4.02%
3	Divi's Laboratories Limited ₹104.55 Cr	Pharmaceuticals & Biotechnology	3.32%
4	Rubicon Research Limited ₹101.20 Cr	Pharmaceuticals & Biotechnology	3.21%
5	Bharat Electronics Limited ₹98.20 Cr	Aerospace & Defense	3.12%
6	Mahindra & Mahindra Limited ₹97.73 Cr	Automobiles	3.10%
7	Hindustan Aeronautics Limited ₹85.88 Cr	Aerospace & Defense	2.72%
8	Sun Pharmaceutical Industries Limited ₹80.14 Cr	Pharmaceuticals & Biotechnology	2.54%
9	Lenskart Solutions Limited ₹79.35 Cr	Retailing	2.52%
10	PB Fintech Limited ₹76.11 Cr	Financial Technology (Fintech)	2.41%
11	Info Edge (India) Limited ₹73.67 Cr	Retailing	2.34%
12	Navin Fluorine International Limited ₹72.54 Cr	Chemicals & Petrochemicals	2.30%
13	Torrent Pharmaceuticals Limited ₹70.84 Cr	Pharmaceuticals & Biotechnology	2.25%
14	GE Vernova T&D India Limited ₹66.97 Cr	Electrical Equipment	2.12%
15	Tata Power Company Limited ₹51.88 Cr	Power	1.65%
16	Reliance Industries Limited ₹51.04 Cr	Petroleum Products	1.62%
17	Netweb Technologies India Limited ₹47.47 Cr	IT - Services	1.51%
18	Karamtara Engineering Limited ₹46.70 Cr	Electrical Equipment	1.48%
19	Sona BLW Precision Forgings Limited ₹45.94 Cr	Auto Components	1.46%
20	Adani Enterprises Limited ₹45.32 Cr	Metals & Minerals Trading	1.44%
21	Emmvee Photovoltaic Power Ltd ₹45.49 Cr	Electrical Equipment	1.44%
22	SRF Limited ₹42.04 Cr	Chemicals & Petrochemicals	1.33%
23	ICICI Prudential Asset Management Company Limited ₹40.84 Cr	Capital Markets	1.30%
24	JSW Energy Limited ₹38.66 Cr	Power	1.23%
25	Thyrocare Technologies Limited ₹35.93 Cr	Healthcare Services	1.14%
26	Sai Life Sciences Limited ₹35.55 Cr	Pharmaceuticals & Biotechnology	1.13%
27	AMAGI MEDIA LABS LTD ₹34.09 Cr	IT - Services	1.08%
28	Samvardhana Motherson International Limited ₹33.98 Cr	Auto Components	1.08%
29	Billionbrains Garage Ventures Ltd ₹33.32 Cr	Capital Markets	1.06%
30	Biocon Limited ₹32.11 Cr	Pharmaceuticals & Biotechnology	1.02%
31	Ather Energy Limited ₹31.63 Cr	Automobiles	1.00%
32	Laurus Labs Limited ₹30.96 Cr	Pharmaceuticals & Biotechnology	0.98%
33	Indo-MIM Limited ₹30.08 Cr	Industrial Manufacturing	0.95%
34	SEDEMAC MECHATRONICS LTD ₹29.21 Cr	Auto Components	0.93%
35	Lupin Limited ₹28.60 Cr	Pharmaceuticals & Biotechnology	0.91%
36	Godrej Consumer Products Limited ₹28.31 Cr	Personal Products	0.90%
37	ABB India Limited ₹26.90 Cr	Electrical Equipment	0.85%
38	Bharat Forge Limited ₹26.79 Cr	Auto Components	0.85%
39	Cummins India Limited ₹25.54 Cr	Industrial Products	0.81%
40	Diamond Power Infrastructure Limited ₹24.64 Cr	Electrical Equipment	0.78%
41	Coforge Limited ₹24.31 Cr	IT - Software	0.77%
42	OnEMI Technology Solutions Limited ₹24.27 Cr	N.A.	0.77%
43	Saatvik Green Energy Limited ₹22.53 Cr	Electrical Equipment	0.71%
44	Ideaforge Technology Limited ₹21.84 Cr	Aerospace & Defense	0.69%
45	3M India Limited ₹21.55 Cr	Diversified	0.68%
46	Siemens Limited ₹21.50 Cr	Electrical Equipment	0.68%
47	Hindustan Unilever Limited ₹20.29 Cr	Diversified FMCG	0.64%
48	Moneyview Limited ₹20.00 Cr	Finance	0.63%
49	InterGlobe Aviation Limited ₹19.77 Cr	Transport Services	0.63%
50	Persistent Systems Limited ₹19.79 Cr	IT - Software	0.63%
51	Aequs Limited ₹19.75 Cr	Aerospace & Defense	0.63%
52	Zydus Lifesciences Limited ₹18.59 Cr	Pharmaceuticals & Biotechnology	0.59%
53	Tenneco Clean Air India Limited ₹18.44 Cr	Auto Components	0.58%
54	Le Travenues Technology Ltd ₹18.05 Cr	Leisure Services	0.57%
55	Neuland Laboratories Limited ₹17.73 Cr	Pharmaceuticals & Biotechnology	0.56%
56	SBI Life Insurance Company Limited ₹16.96 Cr	Insurance	0.54%
57	Mphasis Limited ₹16.25 Cr	IT - Software	0.52%
58	Dhoot Transmission Ltd ₹16.41 Cr	Automobile and Auto Components	0.52%
59	Urban Company Ltd. ₹16.23 Cr	Retailing	0.51%
60	Hexaware Technologies Limited ₹15.37 Cr	IT - Software	0.49%
61	Torrent Power Limited ₹14.95 Cr	Power	0.47%
62	Sudeep Pharma Limited ₹14.41 Cr	Pharmaceuticals & Biotechnology	0.46%
63	Infosys Limited ₹14.47 Cr	IT - Software	0.46%
64	Molbio Diagnostics Ltd. ₹14.19 Cr	Healthcare Equipment & Supplies	0.45%
65	TBO Tek Limited ₹13.98 Cr	Leisure Services	0.44%
66	Kaynes Technology India Limited ₹12.60 Cr	Industrial Manufacturing	0.40%
67	Sonata Software Limited ₹12.55 Cr	IT - Software	0.40%
68	Tempsens Instruments (India) Limited ₹10.95 Cr	Industrial Manufacturing	0.35%
69	Hyundai Motor India Ltd ₹10.37 Cr	Automobiles	0.33%
70	Rentomojo Ltd. ₹10.11 Cr	Commercial Services & Supplies	0.32%
71	Wework India Management Limited ₹9.80 Cr	Commercial Services & Supplies	0.31%
72	Brainbees Solutions Ltd ₹9.00 Cr	Retailing	0.29%
73	Atlanta Electricals Ltd ₹9.23 Cr	Electrical Equipment	0.29%
74	Shiprocket Limited ₹7.45 Cr	Transport Services	0.24%
75	Lumino Industries Limited ₹6.74 Cr	Miscellaneous	0.21%
76	SBI Funds Management Limited ₹5.22 Cr	Capital Markets	0.17%
77	One 97 Communications Limited ₹4.51 Cr	Financial Technology (Fintech)	0.14%
78	Kwality Walls (India) Limited ₹42.36 L	Food Products	0.01%