SBI Innovative Opportunities Fund Direct Growth

SBI Innovative Opportunities Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 01-10-2024

₹ 10.14

0.5%

1D

Inception Returns

2.8%

/yr

About the Fund

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.

Key Parameters

  1. SBI Innovative Opportunities Fund Direct Growth has ₹7837 Cr worth of assets under management (AUM) as on Aug 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

SBI Innovative Opportunities Fund Direct Growth has given a CAGR return of 2.82% since inception.

Holdings

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

Taxation

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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of SBI Innovative Opportunities Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
3914 people have invested ₹ 10Cr in SBI Innovative Opportunities Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.52%
Benchmark
IISL Nifty 500 TR INR
AUM₹7837 Cr
Inception Date20 August, 2024
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (01-Oct-24)

Period
SBI Innovative Opportunities Fund Direct Growth
Nifty 500
equity - other
1M
1.5%
-0.1%
-

Fund Distribution

as on (31-Aug-24)

  • Equity 61.3%

  • Debt & Cash 38.7%

Mid cap
27.9%

Large cap
26%

Small cap
6.3%

Sector Allocation

Aug'24

Jul'24

Health
31.4%
Consumer Cyclical
29.8%
Industrial
13.6%
Communication
9.9%
Financial Services
8.3%
Consumer Defensive
4.3%
Tech
2.6%
  • Gainers

  • Losers

Fund
Aug'24
No of Holdings
30
Top 5 Company Concentration
24.6%
Company having highest exposure
Sun Pharmaceuticals Industries Ltd (6.1%)
No of Sectors
7
Top 5 Sectors Concentration
93.1%
Sector having highest exposure
Health (31.4%)
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Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.47L Cr
as on 31-Aug-2024
Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai
Phone
91-22-66142900
Website
partnerforlife@sbimf.com

SBI Innovative Opportunities Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered returns of 2.82% since inception (20th August 2024)
Fund Allocations

Fund Allocations

This fund has an allocation of 61.3% in Equity, 0% in Debt and 38.7% in Cash related instruments
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is more than its category average of ₹ 2360 Cr
Expense Ratio 0.52%

Expense Ratio 0.52%

This fund has an expense ratio of 0.52% which is less than its category average expense ratio of 1.23%

Frequently Asked Questions

The current NAV of SBI Innovative Opportunities Fund Direct Growth is ₹10.14 as on 01-Oct-2024.
Existing (Absolute + CAGR) as on 01-Oct-2024.
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%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.52% as on September 2024
₹7837 Cr as on September 2024
Sun Pharmaceuticals Industries Ltd(6.1%), Info Edge (India) Ltd(5%), Hero MotoCorp Ltd(4.94%), Mahindra & Mahindra Ltd(4.53%), Tata Motors Ltd(4.07%) as on September 2024
Health(19.22%), Consumer Cyclical(18.29%), Industrial(8.36%) as on September 2024
The alpha ratio for the SBI Innovative Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
SBI Innovative Opportunities Fund Direct Growth
-
-
-
As on September 2024
The alpha for SBI Innovative Opportunities Fund Direct Growth is calculated against IISL Nifty 500 TR INR. 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 Innovative Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
SBI Innovative Opportunities Fund Direct Growth
-
-
-
As on September 2024
The Beta for SBI Innovative Opportunities Fund Direct Growth is calculated with IISL Nifty 500 TR INR. 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 Innovative 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 Innovative Opportunities Fund Direct Growth
-
-
-
As on September 2024
The sharpe ratio for SBI Innovative Opportunities Fund Direct Growth is calculated with IISL Nifty 500 TR INR. 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 Innovative 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 Innovative Opportunities Fund Direct Growth
-
-
-
As on September 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.
The Exit load of SBI Innovative Opportunities Fund Direct Growth is 1%