Equity
Direct
Equity - Other
NAV as on 01-10-2024
₹ 10.14
▲0.5%
1D
Inception Returns
2.8%
/yr
SBI Innovative Opportunities Fund Direct Growth is an equity fund. This fund was started on 20 August, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
SBI Innovative Opportunities Fund Direct Growth has given a CAGR return of 2.82% since inception.
SBI Innovative Opportunities Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Health, Consumer Cyclical, Industrial, Communication, Financial Services, Consumer Defensive, Tech. Its top holdings are Sun Pharmaceuticals Industries Ltd, 91 DTB 15112024, Info Edge (India) Ltd, Hero MotoCorp Ltd, Mahindra & Mahindra Ltd
As it is a equity - other 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.
The investment objective of the scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme. However, there is no assurance that the investment objective of the scheme will be achieved.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Innovative Opportunities Fund Direct Growth has no lock in period.
Expense ratio | 0.52% |
Benchmark | IISL Nifty 500 TR INR |
AUM | ₹7837 Cr |
Inception Date | 20 August, 2024 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 0% |
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 |
as on (01-Oct-24)
as on (31-Aug-24)
SBI Innovative Opportunities Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.5% | 1.5% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Innovative Opportunities Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Innovative Opportunities Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Innovative Opportunities Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Innovative Opportunities Fund Direct Growth | - | - | - |