SBI Technology Opportunities Fund Direct Growth

SBI Technology Opportunities Fund Direct Growth

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Equity
Direct
Sector - Technology
NAV: ₹ 192.53 as on 16-04-2024
Fund Performance
zero opening, trading, fund transfer fee
6446 people have invested ₹ 2.7Cr in SBI Technology Opportunities Fund Direct Growth in the last three months

Mutual Fund Insights

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In the last 1 year, Franklin India Technology Fund Direct Growth has given 57.46% return, outperforming this fund by 32.14%.
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In the last 5 years, Aditya Birla Sun Life Digital India Fund Direct Plan Growth has given 24.52% return, outperforming this fund by 2.03% per annum.
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This fund has one of the lowest expense ratio in the category (sector - technology). Its expense ratio is 0.85% which is lower than the category average expense ratio of 1.22%.
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Over the last 1 month, this fund has experienced a 4.2% drop in AUM moving from 3.82K Cr to 3.66K Cr.
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Over the last 15 months, this fund has decreased expense ratio by 5.6% moving from 0.90 to 0.85.
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In the last 3 years, Franklin India Technology Fund Direct Growth has given 18.07% return, outperforming this fund by 1.17% per annum.

INDmoney Rank of SBI Technology Opportunities Fund Direct Growth

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Pros

Beats FD returns for both 3Y & 5Y duration

Cons

5Y returns in the bottom 25% of the category

About the 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

  1. SBI Technology Opportunities Fund Direct Growth has ₹3668 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
  2. The fund has an expense ratio 0.9.

SBI Technology Opportunities Fund Direct Growth Overview

Expense ratio
Expense ratio
0.85%
Benchmark
Benchmark
S&P BSE IT
AUM
AUM
₹3668 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0.5%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
51.02%

SBI Technology Opportunities Fund Direct Growth Distribution as on (31-Mar-24)

  • Equity 98.4%

  • Debt & Cash 1.6%

Size breakup

Large cap
69.4%
Mid cap
15.8%
Small cap
13.2%
Sector Allocation

Mar'24

Feb'24

Jan'24

Tech
70.8%
Communication
22.8%
Industrial
3.6%
Consumer Cyclical
2.8%

Top Holdings of SBI Technology Opportunities Fund Direct Growth as on (31-Mar-24)

  • Equity

Equity Holdings21

SBI Technology Opportunities Fund Direct Growth: Monthly Changes Updates

All changes are between Jan'24 and Mar'24
Fund Performance
Mar'24
Feb'24
Jan'24
Fund Returns
-4.48%
1.65%
4.79%
Nifty 500
-0.47%
1.58%
1.71%
  • This fund’s returns stands at -4.48% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
  • This fund underperformed Nifty 500 by 4.02% in Mar'24
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 3.7K Cr
₹ 3.8K Cr
₹ 3.8K Cr
  • AUM of the fund stands at 3.7K Cr as of Mar'24
  • AUM decreased by 159.8 Cr between Mar'24 and Feb'24
Fund Portfolio Changes

Gainers & Losers in SBI Technology Opportunities Fund Direct Growth portfolio Returns for the month of Mar

SBI Technology Opportunities Fund Direct Growth Fund Manager

Saurabh Pant
Saurabh Pant
Fund Manager of SBI Technology Opportunities Fund Direct Growth, since 1 January 2022
Mohit Jain
Mohit Jain
Fund Manager of SBI Technology Opportunities Fund Direct Growth, since 1 January 2022

SBI Technology 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 an average annual returns of 20.85% since inception which is less than its category average return of 27.59%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.37% in Equity, 0% in Debt and 1.63% in Cash related instruments
AUM size ₹3668 Cr

AUM size ₹3668 Cr

This fund has AUM of ₹3668 Cr which is more than its category average of ₹ 3044 Cr
Expense Ratio 0.85%

Expense Ratio 0.85%

This fund has an expense ratio of 0.85% which is less than its category average expense ratio of 1.24%

Frequently Asked Questions

The current NAV of SBI Technology Opportunities Fund Direct Growth is ₹192.53 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
SBI Technology Opportunities Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-6.04%
-6.04%
6 Month Returns
9.13%
9.13%
1 Year Returns
25.32%
25.32%
3 Years Returns
59.77%
16.9%
5 Years Returns
175.76%
22.49%
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0.85% as on March 2024
₹3668 Cr as on March 2024
Infosys Ltd(23.17%), Tata Consultancy Services Ltd(11.35%), Bharti Airtel Ltd(9.71%), Tech Mahindra Ltd(6.74%), HCL Technologies Ltd(5.85%) as on March 2024
Tech(69.66%), Communication(22.4%), Industrial(3.52%) as on March 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
3.07
6.48
5.44
As on March 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
0.88
0.9
0.91
As on March 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
1.5
0.8
0.96
As on March 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
12.58
17.11
18.47
As on March 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 1.29 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.05 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Saurabh Pant, Mohit Jain are the fund managers of SBI Technology Opportunities Fund Direct Growth
The Exit load of SBI Technology Opportunities Fund Direct Growth is 0.5%