SBI Innovative Opportunities Fund Review – SBI Innovative Opportunities Fund Direct NFO Open on 29 July 2024 and Close on 12 August 2024. SBI Innovative Opportunities Fund Direct NFO Allotment Date is 20 August 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹5000. The Minimum SIP Investment Amount is ₹500.
Type of the Scheme
An open-ended equity scheme following the innovation theme.
Scheme Benchmark : Nifty 500 TRI – The composition of the aforesaid First Tier benchmark is such that it is most suited for comparing performance of the scheme. The Trustee reserve the right to change the benchmark if due to a change in market conditions, a different index /indices appears to provide a more appropriate basis for comparison of fund performance.
SBI Innovative Opportunities Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| HDFC Bank Ltd. | 6.95 |
| Reliance Industries Ltd. | 5.80 |
| ICICI Bank Ltd. | 4.62 |
| Infosys Ltd. | 3.10 |
| Larsen & Toubro Ltd. | 2.27 |
| Tata Consultancy Services Ltd. | 2.17 |
| ITC Ltd. | 2.15 |
| Bharti Airtel Ltd. | 2.12 |
| Axis Bank Ltd. | 1.97 |
| State Bank of India | 1.78 |
SBI Innovative Opportunities Fund Nfo Important Date
| Scheme Offer | SBI Innovative Opportunities Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 29 July 2024 |
| Allotment Date | 20 August 2024 |
| Close Date | 12 August 2024 |
| Category | Equity – Thematic Fund |
| Min Inv ₹ | 5,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty 500 TRI |
SBI Innovative Opportunities Fund Nfo Other Details
| Exit Load | 1% |
|---|---|
| Exit Load Details | Exit load of 1%, if Redeemed within 1 Year. |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 5,000 |
| Min. SIP | Rs. 500 |
SBI Innovative Opportunities Fund Review Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity and equity related instruments of companies thatseek to benefit from adoption of innovative strategies & theme. (including equity derivatives) | 80% | 100% |
| Other equity & equity related instruments (including equity derivatives) | 0% | 20% |
| Debt securities (including securitized debt^ & debt derivatives) and money market instruments including triparty repos | 0% | 20% |
| Units issued by REITs and InvITs | 0% | 10% |
SBI Innovative Opportunities Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 28.79 |
| Oil, Gas & Consumable Fuels | 9.02 |
| Information Technology | 8.50 |
| Automobile and Auto Components | 7.49 |
| Fast Moving Consumer Goods | 6.87 |
| Capital Goods | 6.06 |
| Healthcare | 5.45 |
| Power | 3.98 |
| Metals & Mining | 3.88 |
| Construction | 3.22 |
| Consumer Durables | 3.06 |
| Consumer Services | 3.05 |
| Telecommunication | 2.75 |
| Chemicals | 2.05 |
| Construction Materials | 2.02 |
| Services | 1.70 |
| Realty | 1.33 |
| Textiles | 0.31 |
| Media, Entertainment & Publication | 0.22 |
| Diversified | 0.16 |
| Forest Materials | 0.08 |
Investment Objective of the Scheme ?
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.
SBI Innovative Opportunities Fund Review Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 11.38 | 16.11 | 37.31 | 18.49 | 11.14 |
| Total Return | 11.79 | 16.73 | 38.67 | 19.78 | 12.86 |
SBI Innovative Opportunities Fund Review Manager Details
- Fund Manger : Mr. Prasad Padala
- Qualification : B. Tech, MBA
- Experience : Mr. Prasad Padala joined SBIFML in September 2017 as an Equity Research Analyst. He has an overall 15 years of experience. He worked for the past 11 years in the area of financial services and 4 years before that in the software industry. Prior to the current role as a fund manager, Prasad has worked as an equity analyst at SBIFML from September 2017 to August 2023 and an external consultant from August 2023 to February 2024 handling equity research.
- Fund Manger : Mr. Pradeep Kesavan
- Qualification : B.com, MBA (Finance), CFA (USA)
- Experience : Mr. Pradeep Kesavan joined SBIFML in July 2021. He has over 18 years of experience in financial services sector. Prior to joining SBIFML, he was associated with following entities-:
- Elara Securities Private Limited (from September 2017 to April 2021) –Primarily involved in top down equity strategy
- Accenture Solutions Private Limited (from October 2013 to August 2017) – Responsible for Strategy Consulting.
- Morgan Stanley India Private Limited (from March 2005 to September 2013) –Primarily responsible for corporate finance strategy He is also managing SBI International Access – US Equity FoF.
How Will The Scheme Allocate Its Assets?
- ADRs / GDRs / IDRs issued by Indian or foreign companies.
- Equity of overseas companies listed on recognized stock exchanges overseas
- Initial and follow on public offerings for listing at recognized stock exchanges overseas
- Foreign debt securities in the countries with fully convertible currencies, short term as well as long term debt instruments with rating not below investment grade by accredited/registered credit rating agencies
- Money market instruments rated not below investment grade
- Repos in the form of investment, where the counterparty is rated not below investment grade; repos should not however, involve any borrowing of funds by mutual funds
- Government securities where the countries are rated not below investment grade
- Derivatives traded on recognized stock exchanges overseas only for hedging and portfolio balancing with underlying as securities
- Short term deposits with banks overseas where the issuer is rated not below investment grade
- Units/securities issued by overseas mutual funds or unit trusts registered with overseas regulators and investing in (a) aforesaid securities, (b) Real Estate Investment Trusts (REITs) listed in recognized stock exchanges overseas or (c) unlisted overseas securities (not exceeding 10% of their net assets).
Also Read: Invesco India Manufacturing Fund Review
Manager Manage the Scheme?
- Mr. Prasad Padala
- Mr. Pradeep Kesavan
SBI Innovative Opportunities Fund Registrar
Computer Age Management Services Ltd.
7th Floor, Tower II, Rayala Towers, 158,
Anna Salai, Chennai – 600002
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