SBI Technology Opportunities Fund Direct Growth

SBI Technology Opportunities Fund Direct Growth

Equity

Direct

Sector - Technology

NAV as on 04-10-2024

₹ 243.62

Inception Returns

22.4%

/yr

About the Fund

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 ₹4387 Cr worth of assets under management (AUM) as on Aug 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

SBI Technology Opportunities Fund Direct Growth has given a CAGR return of 22.36% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 38.82%, 14.30% and 28.35% respectively.

Holdings

SBI Technology Opportunities Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Industrial, Consumer Cyclical, Financial Services, 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 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 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
▲
▼

zero opening, trading, fund transfer fee
6305 people have invested ₹ 3.3Cr in SBI Technology Opportunities Fund Direct Growth in the last three months

INDmoney Rank

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3Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y duration
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5Y returns in the bottom 25% of the category

Fund Overview

Expense ratio0.82%
Benchmark
S&P BSE IT
AUM₹4387 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
14.51%
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 (04-Oct-24)

Period
SBI Technology Opportunities Fund Direct Growth
Nifty 500
sector - technology
1M
0.4%
-1.3%
-1.2%
3M
11.4%
0.8%
10.6%
6M
22.7%
11.9%
19.4%
1Y
38.8%
34%
37.3%
3Y
14.3%
14.9%
8.7%
5Y
28.4%
20.7%
29.4%

Fund Distribution

as on (31-Aug-24)

  • Equity 96.9%

  • Debt & Cash 3.1%

Large cap
50.9%
Small cap
15%
Mid cap
14.9%
Sector Allocation

Aug'24

Jul'24

Jun'24

Tech
62.9%
Communication
23.3%
Industrial
4.6%
Consumer Cyclical
4.4%
Financial Services
2.9%
Consumer Defensive
1.3%
Health
0.7%
All changes are between Jun'24 and Aug'24
Aug'24
Jul'24
Jun'24
Fund Returns
4.28%
10.21%
10.06%
Nifty 500
0.97%
3.53%
3.50%
  • This fund’s returns stands at 4.28% whereas the fund’s underlying benchmark Nifty 500 returns stands at 0.97% as on Aug'24
  • This fund outperformed Nifty 500 by 3.31% in Aug'24
Parameters
Aug'24
Jul'24
Jun'24
AUM
₹ 4.4K Cr
₹ 4.2K Cr
₹ 3.8K Cr
  • AUM of the fund stands at 4.4K Cr as of Aug'24
  • AUM increased by 181.3 Cr between Aug'24 and Jul'24
Top Stocks bought last month
NIIT Learning Systems Ltd's allocation increased from 0.16% to 1.23%
NIIT Learning Systems Ltd's allocation increased from 0.16% to 1.23%
PB Fintech Ltd's allocation increased from 2.42% to 2.83%
PB Fintech Ltd's allocation increased from 2.42% to 2.83%
Firstsource Solutions Ltd's allocation increased from 4.97% to 5.28%
Firstsource Solutions Ltd's allocation increased from 4.97% to 5.28%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 27.64 % to 26.58 %
Infosys Ltd's allocation decreased from 27.64 % to 26.58 %
Tata Consultancy Services Ltd's allocation decreased from 8.59 % to 7.27 %
Tata Consultancy Services Ltd's allocation decreased from 8.59 % to 7.27 %
Coforge Ltd's allocation decreased from 4.56 % to 4.4 %
Coforge Ltd's allocation decreased from 4.56 % to 4.4 %
Mid Cap allocation has gone down from 15.3% to 14.9%
Mid Cap allocation has gone down from 15.3% to 14.9%
Large Cap allocation has gone down from 52.4% to 50.9%
Large Cap allocation has gone down from 52.4% to 50.9%
Small Cap allocation has gone up from 14.3% to 15%
Small Cap allocation has gone up from 14.3% to 15%
Cash allocation has gone down from 4.5% to 3.1%
Cash allocation has gone down from 4.5% to 3.1%

Top 3 Sectors in August were Tech, Communication & Industrial

Aug'24
Tech
63%
Communication
23%
Industrial
5%
Jul'24
Tech
67%
Communication
24%
Industrial
5%

  • Equity

Holdings
Weight%
1M Change
Infosys Ltd
Infosys Ltd
26.58%
-3.6%
Bharti Airtel Ltd
Bharti Airtel Ltd
10.5%
0%
Tata Consultancy Services Ltd
Tata Consultancy Services Ltd
7.27%
-15%
Firstsource Solutions Ltd
Firstsource Solutions Ltd
5.28%
0%
Coforge Ltd
Coforge Ltd
4.4%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
SBI Technology Opportunities Fund Direct Growth
SBI Technology Opportunities Fund Direct Growth
38.82%
14.3%
28.35%
22.36%
Franklin India Technology Fund Direct Growth
Franklin India Technology Fund Direct Growth
49.63%
17.56%
29.32%
21.3%
Tata Digital India Fund Direct Growth
Tata Digital India Fund Direct Growth
46.3%
13.44%
30.39%
22.65%
ICICI Prudential Technology Fund Direct Plan Growth
ICICI Prudential Technology Fund Direct Plan Growth
40.25%
11.21%
30.35%
23.53%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Coforge Ltd
Coforge Ltd
8.8%
Zomato Ltd
Zomato Ltd
8%
Bharti Airtel Ltd
Bharti Airtel Ltd
6.1%
Fund
Aug'24
Jul'24
Jun'24
No of Holdings
28
26
24
Top 5 Company Concentration
54%
56.3%
56.8%
Company having highest exposure
Infosys Ltd (26.6%)
Infosys Ltd (27.6%)
Infosys Ltd (25.6%)
No of Sectors
7
7
6
Top 5 Sectors Concentration
98.1%
99.1%
99.3%
Sector having highest exposure
Tech (62.9%)
Tech (66.8%)
Tech (63.4%)
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Saurabh Pant
Saurabh Pant
Fund Manager of SBI Technology Opportunities Fund Direct Growth, since 1 January 2022
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
SBI Large & Midcap Fund Direct Growth
20.48%
19.77%
SBI Technology Opportunities Fund Direct Growth
14.3%
8.66%
SBI Conservative Hybrid Fund Direct Plan Growth
10.88%
8.63%
Mohit Jain
Mohit Jain
Fund Manager of SBI Technology Opportunities Fund Direct Growth, since 1 January 2022
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
SBI Bluechip Fund Direct Growth
14.91%
14.97%
SBI Equity Hybrid Fund Direct Growth
11.79%
14.96%
SBI Contra Fund Direct Growth
27.39%
22.45%
Fund House
SBI Funds Management Ltd
Total Schemes
65
See all SBI 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

Mutual Fund Insights

Insights icon
In the last 1 year, Franklin India Technology Fund Direct Growth has given 49.63% return, outperforming this fund by 10.81%.
Insights icon
This fund has one of the lowest expense ratio in the category (sector - technology). Its expense ratio is 0.82% which is lower than the category average expense ratio of 1.21%.
Insights icon
In the last 3 years, Franklin India Technology Fund Direct Growth has given 17.56% return, outperforming this fund by 3.26% per annum.
Insights icon
Over the last 1 year, this fund has decreased expense ratio by 6.8% moving from 0.88 to 0.82.
Insights icon
In the last 5 years, Tata Digital India Fund Direct Growth has given 30.39% return, outperforming this fund by 2.03% per annum.
Insights icon
Over the last 3 months, this fund has experienced a 25.5% growth in AUM moving from 3.49K Cr to 4.38K Cr.

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 22.36% since inception which is less than its category average return of 29.41%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.94% in Equity, 0% in Debt and 3.06% 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 ₹ 3333 Cr
Expense Ratio 0.82%

Expense Ratio 0.82%

This fund has an expense ratio of 0.82% which is less than its category average expense ratio of 1.1%

Frequently Asked Questions

The current NAV of SBI Technology Opportunities Fund Direct Growth is ₹243.62 as on 04-Oct-2024.
Existing (Absolute + CAGR) as on 04-Oct-2024.
SBI Technology Opportunities Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.42%
0.42%
6 Month Returns
22.72%
22.72%
1 Year Returns
38.82%
38.82%
3 Years Returns
49.33%
14.3%
5 Years Returns
248.38%
28.35%
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0.82% as on September 2024
₹4387 Cr as on September 2024
Infosys Ltd(26.58%), Bharti Airtel Ltd(10.5%), Tata Consultancy Services Ltd(7.27%), Firstsource Solutions Ltd(5.28%), Coforge Ltd(4.4%) as on September 2024
Tech(60.96%), Communication(22.6%), Industrial(4.42%) as on September 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
2.26
4.02
5.44
As on September 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
0.92
0.9
0.92
As on September 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
1.63
0.55
1.12
As on September 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
17.02
17.13
19.15
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.
Sortino ratio is 0.86 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.81 as on September 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%