• 1 Year Returns: 17.54%

• Pharmaceuticals | 16.87%
• Others | 12.19%
• Retail - Online | 9.88%
• IT Services & Consulting | 8.20%
• Electrical Components & Equipments | 7.12%

• Eternal Limited | 9.53%
• Bajaj Finance Ltd | 5.07%
• Mahindra and Mahindra Ltd | 3.79%
• Divi's Laboratories Ltd | 3.73%
• TREPS - Tri-party Repo | 3.36%

• Equity | 96.76%
• Cash & Equivalents | 3.24%

The alpha ratio for the HDFC Innovation Fund-Reg(IDCW Reinvest) is 6.16

Alpha is the excess return of a fund compared to its expected return, based on its beta and the risk-free rate. Positive alpha indicates that the fund has outperformed its expected return, while negative alpha suggests underperformance.

The volatility or standard deviation for the HDFC Innovation Fund-Reg(IDCW Reinvest) is 14.32

Standard deviation measures the volatility or risk associated with the returns of a mutual fund. A higher standard deviation indicates higher volatility, suggesting that the returns of the mutual fund are more spread out from the average. On the other hand, a lower standard deviation implies lower volatility and a more stable performance.

The Sharpe ratio for the HDFC Innovation Fund-Reg(IDCW Reinvest) is 1.03

The Sharpe ratio is a measure of risk-adjusted return that evaluates the performance of a mutual fund, by adjusting for its risk. Higher Sharpe ratio indicates a better risk-adjusted performance. A positive Sharpe ratio indicates that the MF has provided a return in excess of the risk-free rate for the amount of risk taken. Conversely, a negative Sharpe ratio suggests that the MF did not adequately compensate for the risk.

The Sortino Ratio for the HDFC Innovation Fund-Reg(IDCW Reinvest) is 0.11

The Sortino ratio of a mutual fund is a measure of its risk-adjusted return, considering only downside volatility. It helps investors evaluate how well a fund is performing relative to its downside risk. A higher Sortino ratio (value >1) means the fund generates better returns for the downside risk taken.