July 27, 2024
mayank
SBI Innovative Opportunities Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the SBI Innovative Opportunities Fund Open Date, Close Date?
NFO opens on July 29, 2024
NFO will close on August 12, 2024
What is the Investment Strategy?
The scheme seeks 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.
Basic Details
| Fund House | SBI Mutual Fund |
| Issue Open | 29 July 2024 |
| Issue Close | 12 August 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 1 year |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI |
What is the Benchmark Index of SBI Innovative Opportunities Fund?
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices.
Past Performance of Benchmark Index
| Index Returns (%) | 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 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 13.63 | 18.71 | 22.40 |
| Beta (NIFTY 50) | 1.02 | 0.96 | 0.93 |
| Correlation (NIFTY 50) | 0.96 | 0.98 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 26.23 | 4.47 | 1.06 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| 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 |
Performance Review of the Fund Manager of SBI Innovative Opportunities Fund?
1) Prasad Padala
Education: Mr. Padala has done B.Tech and MBA
Experience: Prior to joining SBI Mutual Fund, he has worked with Elara Securities Private Limited, Accenture Solutions Private Limited and Morgan Stanley India Private Limited
Past Performance of his Schemes
As on 27-07-2024
Which Company Owns SBI Innovative Opportunities Fund?
SBI Funds Management Ltd
Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai – 400051
Website: http://www.sbimf.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in SBI Innovative Opportunities NFO?
Guidance for SBI Innovative Opportunities Fund by Paresh Gordhandas, C.A., Research Analyst.
The SBI Innovative Opportunities Fund can be compared to the Nippon India Innovation Fund which was launched just about a year ago in August 2023. The fund has given return of 45.97% since launch. It can also be compared to the Union Innovation and Opportunities Fund, UTI Innovation Fund, Baroda BNP Paribus Innovation Fund and Bandhan Innovation Fund. All these funds have been launched within the last one year.
The benchmark for this Index is the Nifty 500 TRI , which is a large universe in itself. Hence, the ability of the Fund Manager to pick the right stocks is of utmost importance. This is where we would like to draw your attention that, the Fund Manager – Mr. Prasad Padala does not seem to be managing any other mutual fund from the long list of Funds by SBI Mutual Fund and this is surely a negative point.
We recommend you wait on watch on this fund. Or invest only a small amount.
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