EquitySectoral/ ThematicRegularGrowthVery High

SBI Innovative Opportunities Fund

Q: What is the NAV of SBI Innovative Opportunities Fund?

As of 01 Oct 2026, the NAV of SBI Innovative Opportunities Fund is ₹10.21 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Innovative Opportunities Fund delivered?

SBI Innovative Opportunities Fund has returned +4.72% over 1 year and +0.71% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of SBI Innovative Opportunities Fund?

SBI Innovative Opportunities Fund charges an expense ratio of 2.03% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of SBI Innovative Opportunities Fund?

SBI Innovative Opportunities Fund's largest holdings are Eternal Ltd. (8.7%), TBO Tek Ltd. (6.4%), Divi's Laboratories Ltd. (5.2%), Ather Energy Ltd. (5.2%) and FSN E-Commerce Ventures Ltd. (5.1%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Innovative Opportunities Fund?

SBI Innovative Opportunities Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.1% and its worst peak-to-trough fall in our sample was -21.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of SBI Innovative Opportunities Fund?

SBI Innovative Opportunities Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages SBI Innovative Opportunities Fund?

SBI Innovative Opportunities Fund is managed by Vivek Gedda at SBI.

Q: How is SBI Innovative Opportunities Fund taxed?

SBI Innovative Opportunities Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

SBI Mutual Fund · Best Sectoral & Thematic Mutual Funds

NAV

₹10.21

-1.21% 1D

as of 01 Oct 2026

This is the Regular plan of SBI Innovative Opportunities Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+6.02%CAGR

52-week rangePrev NAV ₹10.33

Latest ₹10.21

Low ₹8.1375th percentile of its 52-week rangeHigh ₹10.91

Scorecard

★★★★☆4/5 vs 229 of 255 Sectoral/ Thematic peers1Y

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Sectoral/ Thematic (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 229 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Sectoral/ Thematic peers to rank yet

RiskModerate

Volatility 15.1% vs 15.6% category avg

CostLow

2.0% expense vs 2.5% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Sectoral/ Thematic average on 3M/6M/1Y — 1Y by 2.47pp
Low expense ratio (2.03%) vs the Sectoral/ Thematic average of 2.47%

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.03%

Category 2.47%▼0.44%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

45.31

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.34

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

—

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty 500 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

27 Aug 2024

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.39%

Absolute return over the last 3 months (not annualized)

+5.16%

Absolute return over the last 6 months (not annualized)

+22.63%

Absolute return since 1 Jan of this year (not annualized)

+3.07%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+4.72%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+0.71%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

15.10%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-21.42%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	-5.39%	-5.14%	-0.25%
3M abs	+5.16%	-2.38%	+7.54%
6M abs	+22.63%	+10.76%	+11.87%
1Y CAGR	+4.72%	+2.25%	+2.47%
3Y CAGR	—	+12.15%	—
5Y CAGR	—	+11.03%	—

Category average across peers in Sectoral/ Thematic (254 of 255 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 255 peers in Sectoral/ Thematic

1Y return

+4.72%

Beats 68.4% · rank #73

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.28L

Absolute

+7.08%

XIRR

+15.84%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into SBI Innovative Opportunities Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	+3.07%	-7.18%	+10.25%
2025	-2.17%	+7.94%	-10.11%
2024part	+0.65%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

527

Expense ratio

2.03%

AUM

₹4,936Cr

Portfolio turnover

29%

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

45.3

P/B ratio

9.2

Avg market cap

₹1,34,164Cr

P/E & P/B are portfolio-weighted harmonic means across 28 of 38 equity holdings (72% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Sectoral/ Thematic

Compare all


SBI Innovative Opportunities FundThis fund SBI · Regular · Growth	★★★★☆ 1Y	+4.72%	—	—	—	2.03%	₹4,936Cr
Nippon India Taiwan Equity Fund Nippon India · Regular · Growth	★★★★☆	+118.60%	+60.45%	—	—	2.34%	₹1,110Cr
HDFC Defence Fund HDFC · Regular · Growth	★★★★☆	+21.45%	+34.62%	—	—	1.79%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Regular · Growth	★★★★★	+25.19%	+28.72%	—	—	2.11%	₹2,282Cr
Franklin Asian Equity Fund Franklin Templeton · Regular · Growth	★★★☆☆	+32.21%	+22.88%	+8.49%	—	2.47%	₹720.84Cr
Aditya Birla Sun Life International Equity Fund Aditya Birla Sun Life · Regular · Growth	★★★★☆	+17.38%	+21.97%	+12.58%	—	2.54%	₹320.62Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap31.8%
Mid cap30.0%
Small cap38.2%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity96.22%
Cash & Equivalents3.69%
Debt0.09%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Axis Innovation Fund Axis · Sectoral/ Thematic	38.7%	★★★★☆	1.35%	+17.84%
HDFC Innovation Fund HDFC · Sectoral/ Thematic	36.1%	★★★★★	1.01%	—
UTI Innovation Fund UTI · Sectoral/ Thematic	33.8%	★☆☆☆☆	1.24%	+3.89%
Motilal Oswal Digital India Fund Motilal Oswal · Sectoral/ Thematic	32.1%	★★★☆☆	1.06%	—
SBI Technology Opportunities Fund SBI · Sectoral/ Thematic	31.9%	★★★☆☆	1.04%	+7.62%
Invesco India Technology Fund Invesco · Sectoral/ Thematic	30.8%	★★☆☆☆	1.01%	—
Nippon India Innovation Fund Nippon India · Sectoral/ Thematic	29.5%	★★★☆☆	0.87%	+12.93%
Motilal Oswal Multi Cap Fund Motilal Oswal · Multi Cap Fund	28.6%	★★★★☆	1.19%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 1.63% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I1.63%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-21.4%23 Sep 2024 → 31 Mar 2026
Fell over 1.5 years, back to the old high on 03 Aug 2026 — 4 months under water after the low.
-6.5%31 Aug 2026 → 01 Oct 2026
Still below that high — 31 days down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹4,936Cr

April - June 2026

-5%

since January - March 2026

−₹78.71Cr

est. net flow, last quarter

At or near its largest, ₹5,169Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Launched

28 Jun 1987

Total AUM

₹12,57,352Cr+0.7% QoQ

Avg AUM · April - June 2026

Website

sbimf.com

Fund Managers

VGVivek GeddaStart date not disclosed

Role

Fund Manager

Education

B.Tech, MSc, MBA

Experience

Mr. Vivek Gedda joined SBIFML in February 2022 as an Analyst and has been involved in research of IT and auto sector stocks. He has an overall 14 years of experience in the area of financial services. Prior to joining SBIFML, he was associated with following entities wherein he was primarily involved in equity research of IT and auto sectors. HSBC Securities and Capital Markets India Limited (April 2015 - February 2022) HSBC Electronic Data Processing India Private Limited (February 2011 - March 2015) He is managing the scheme of

Funds managed (1)

SBI TECHNOLOGY OPPORTUNITIES FUND

All schemes Vivek Gedda runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Vivek Gedda

Top holdings

Eternal Ltd.TBO Tek Ltd.Divi's Laboratories Ltd.Ather Energy Ltd.FSN E-Commerce Ventures Ltd.Bajaj Finance Ltd.Meesho Ltd.BlackBuck Ltd.Sun Pharmaceutical Industries Ltd.Urban Company Ltd.Firstsource Solutions Ltd.Amagi Media Labs Ltd.

SBI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Sectoral & Thematic funds

Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.

Frequently asked questions

What is the NAV of SBI Innovative Opportunities Fund?

As of 01 Oct 2026, the NAV of SBI Innovative Opportunities Fund is ₹10.21 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Innovative Opportunities Fund delivered?

SBI Innovative Opportunities Fund has returned +4.72% over 1 year and +0.71% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of SBI Innovative Opportunities Fund?

SBI Innovative Opportunities Fund charges an expense ratio of 2.03% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of SBI Innovative Opportunities Fund?

SBI Innovative Opportunities Fund's largest holdings are Eternal Ltd. (8.7%), TBO Tek Ltd. (6.4%), Divi's Laboratories Ltd. (5.2%), Ather Energy Ltd. (5.2%) and FSN E-Commerce Ventures Ltd. (5.1%). Holdings are disclosed monthly and change over time.

How risky is SBI Innovative Opportunities Fund?

SBI Innovative Opportunities Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.1% and its worst peak-to-trough fall in our sample was -21.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of SBI Innovative Opportunities Fund?

SBI Innovative Opportunities Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages SBI Innovative Opportunities Fund?

SBI Innovative Opportunities Fund is managed by Vivek Gedda at SBI.

How is SBI Innovative Opportunities Fund taxed?

SBI Innovative Opportunities Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.