SBI Technology Opportunities Fund Direct Growth
Equity
Direct
Sector - Technology
NAV: ₹ 195.6 as on 26-04-2024
Fund Performance
6496 people have invested ₹ 2.7Cr in SBI Technology Opportunities Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 1 year, Franklin India Technology Fund Direct Growth has given 65.43% return, outperforming this fund by 33.6%.
Over the last 15 months, this fund has decreased expense ratio by 5.6% moving from 0.90 to 0.85.
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%.
Over the last 1 month, this fund has experienced a 4.2% drop in AUM moving from 3.82K Cr to 3.66K Cr.
In the last 5 years, Aditya Birla Sun Life Digital India Fund Direct Plan Growth has given 24.38% return, outperforming this fund by 1.88% per annum.
In the last 3 years, Franklin India Technology Fund Direct Growth has given 19.26% return, outperforming this fund by 1.06% per annum.
INDmoney Rank
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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
- 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.
- The fund has an expense ratio 0.9.
Overview
 | 0.85% |
 Benchmark | S&P BSE IT |
 | ₹3668 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 Exit Load | 0.5% |
 | No Lock-in |
 TurnOver | 51.02% |
SBI Technology Opportunities Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
69.4%
Mid cap
15.8%
Small cap
13.2%
Sector Allocation
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 Holdings21
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- 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
- 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 Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bharti Airtel Ltd | 8.9% |
 FSN E-Commerce Ventures Ltd | 7.6% |
 eMudhra Ltd | 0.1% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -4.4% |
 Coforge Ltd | -4.3% |
 Tata Consultancy Services Ltd | -2.4% |
Peer Analysis
Fund Manager
Saurabh Pant
Fund Manager of SBI Technology Opportunities Fund Direct Growth, since 1 January 2022
Top funds managed
Mohit Jain
Fund Manager of SBI Technology Opportunities Fund Direct Growth, since 1 January 2022
Top funds managed
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 20.96% since inception which is less than its category average return of 27.53%
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
This fund has AUM of ₹3668 Cr which is more than its category average of ₹ 3044 Cr
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 ₹195.6 as on 26-Apr-2024.
Existing (Absolute + CAGR) as on 26-Apr-2024.
SBI Technology Opportunities Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.01% | -1% |
6 Month Returns | 15.6% | 15.6% |
1 Year Returns | 31.83% | 31.83% |
3 Years Returns | 65.14% | 18.2% |
5 Years Returns | 175.8% | 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%