SBI Technology Opportunities Fund Direct Growth
Equity
Direct
Sector - Technology
NAV as on 19-11-2024
₹ 240.12
▲0.6%
1D
Inception Returns
22%
/yr
About SBI Technology Opportunities Fund Direct Growth
SBI Technology Opportunities Fund focuses on companies that have strong growth potential in areas like information technology, software, and e-commerce or any company that functions primarily in the technology sector.The fund offers investors an opportunity to diversify their portfolio and gain exposure to the high-growth potential of the technology sector by investing in a host of companies like Infosys, Wipro, TCS, Tech Mahindra to name a few.This fund is suitable for investors who only want a special exposure towards technology shares.
Key Parameters
- SBI Technology Opportunities Fund Direct Growth has ₹4304 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
SBI Technology Opportunities Fund Direct Growth has given a CAGR return of 21.95% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 33.27%, 11.56% and 27.64% respectively.
Holdings
SBI Technology Opportunities Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Consumer Cyclical, Financial Services, Industrial, Consumer Defensive, Health. Its top holdings are Infosys Ltd, Bharti Airtel Ltd, Tata Consultancy Services Ltd, Firstsource Solutions Ltd, Coforge Ltd
Taxation
As it is a sector - technology mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of SBI Technology Opportunities Fund Direct Growth
To provide the investor with the opportunity of long-term capital appreciation by investing in a diversified portfolio of equity and equity related securities in technology and technology related companies.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Technology Opportunities Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
6273 people have invested ₹ 3.3Cr in SBI Technology Opportunities Fund Direct Growth in the last three months
INDmoney Rank for SBI Technology Opportunities Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category
SBI Technology Opportunities Fund Direct Growth Overview
| Expense ratio | 0.84% |
Benchmark | S&P BSE IT |
| AUM | ₹4304 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 14.51% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
47.6%
Small cap
20.3%
Mid cap
15.8%
Sector Allocation
Tech
60.7%
Communication
26.4%
Consumer Cyclical
5.8%
Financial Services
2.8%
Industrial
2.5%
Consumer Defensive
1.1%
Health
0.7%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -3.49% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 3.03% in Oct'24
- AUM of the fund stands at 4.3K Cr as of Oct'24
- AUM decreased by 130.7 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Firstsource Solutions Ltd's allocation increased from 5.36% to 6.04%
Coforge Ltd's allocation increased from 4.82% to 5.39%
Netflix Inc's allocation increased from 2.68% to 2.95%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 25.37 % to 24.49 %
Bharti Airtel Ltd's allocation decreased from 11.18 % to 10.86 %
Tata Consultancy Services Ltd's allocation decreased from 6.74 % to 6.45 %
Mid Cap allocation has gone up from 15.5% to 15.8%
Large Cap allocation has gone down from 49.9% to 47.6%
Small Cap allocation has gone down from 20.4% to 20.3%
Cash allocation has gone up from 0.9% to 2.7%
Top 3 Sectors in October were Tech, Communication & Industrial
Oct'24
Tech
61%
Communication
26%
Consumer Cyclical
6%
Sep'24
Tech
60%
Communication
26%
Industrial
4%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 18.9% |
 Firstsource Solutions Ltd | 3.7% |
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Mohit Jain
Fund Manager of SBI Technology Opportunities Fund Direct Growth, since 1 January 2022
Top funds managed
Saurabh Pant
Fund Manager of SBI Technology Opportunities Fund Direct Growth, since 1 January 2022
Top funds managed
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.84L Cr
as on 31-Oct-2024
Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai
Phone
91-22-66142900
Website
partnerforlife@sbimf.com
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (sector - technology). Its expense ratio is 0.84% which is lower than the category average expense ratio of 1.24%.
In the last 5 years, Tata Digital India Fund Direct Growth has given 30.26% return, outperforming this fund by 2.62% per annum.
In the last 1 year, Tata Digital India Fund Direct Growth has given 38.91% return, outperforming this fund by 5.64%.
In the last 3 years, Franklin India Technology Fund Direct Growth has given 14.22% return, outperforming this fund by 2.65% per annum.
Over the last 1 year, this fund has decreased expense ratio by 3.4% moving from 0.87 to 0.84.
Over the last 6 months, this fund has experienced a 20.3% growth in AUM moving from 3.57K Cr to 4.30K Cr.
SBI Technology Opportunities Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 21.95% since inception which is less than its category average return of 23.28%
Fund Allocations
This fund has an allocation of 97.27% in Equity, 0% in Debt and 2.73% in Cash related instruments
AUM size ₹4304 Cr
This fund has AUM of ₹4304 Cr which is more than its category average of ₹ 2941 Cr
Expense Ratio 0.84%
This fund has an expense ratio of 0.84% which is less than its category average expense ratio of 1.14%
Frequently Asked Questions for SBI Technology Opportunities Fund Direct Growth
The current NAV of SBI Technology Opportunities Fund Direct Growth is ₹240.12 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
SBI Technology Opportunities Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.1% | -2.1% |
6 Month Returns | 21.94% | 21.94% |
1 Year Returns | 33.27% | 33.27% |
3 Years Returns | 38.86% | 11.56% |
5 Years Returns | 238.83% | 27.64% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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0.84% as on October 2024
₹4304 Cr as on October 2024
Infosys Ltd(24.49%), Bharti Airtel Ltd(10.86%), Tata Consultancy Services Ltd(6.45%), Firstsource Solutions Ltd(6.04%), Coforge Ltd(5.39%) as on October 2024
Tech(59.03%), Communication(25.66%), Consumer Cyclical(5.62%) as on October 2024
The alpha ratio for the SBI Technology Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Technology Opportunities Fund Direct Growth | 3.79 | 3.08 | 5.69 |
As on October 2024
The alpha for SBI Technology Opportunities Fund Direct Growth is calculated against S&P BSE IT. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the SBI Technology Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Technology Opportunities Fund Direct Growth | 0.9 | 0.9 | 0.91 |
As on October 2024
The Beta for SBI Technology Opportunities Fund Direct Growth is calculated with S&P BSE IT. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the SBI Technology Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Technology Opportunities Fund Direct Growth | 1.55 | 0.43 | 1.1 |
As on October 2024
The sharpe ratio for SBI Technology Opportunities Fund Direct Growth is calculated with S&P BSE IT. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the SBI Technology Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Technology Opportunities Fund Direct Growth | 17.33 | 17.35 | 19.23 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.68 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.68 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Mohit Jain, Saurabh Pant are the fund managers of SBI Technology Opportunities Fund Direct Growth
The Exit load of SBI Technology Opportunities Fund Direct Growth is 0.5%