SBI Technology Opportunities Fund Regular Growth

About SBI Technology Opportunities Fund

The SBI Technology Opportunities Fund is an open-ended equity scheme. It seeks to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments of companies from the technology and technology-related sectors. It was earlier known as SBI IT Funds and was renamed as SBI Technology Opportunities Fund with effect from May 16, 2018.

Pros & Cons of SBI Technology Opportunities Fund

• The scheme follows a bottom-up approach while picking stocks and chooses companies which are expected to derive benefit from the development, use, and advancement of technology.
• As on September 30, 2018, the scheme is not ranked under CRISIL’s Sectoral/ Thematic Fund category.
• Further, it has generated returns of 11.3% per year over the 5 last years (as on January 16, 2019).

Fund Information and Statistics of SBI Technology Opportunities Fund

i) Inception / Launch Date

The scheme was launched on 14 July 1999 by SBI Mutual Fund.

ii) Risk Level

According to the investment objective and asset allocation of the scheme, it has a High risk-level associated with it.

iii) Redemption

The minimum redemption amount is the lower of Rs. 1,000 or 100 units or the account balance. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

iv) Fund Manager(s)

Mr. Anup Upadhyay is the Fund Manager of the SBI Technology Opportunities Fund since June 2011.

v) Entry / Exit Load

There is no entry load in this scheme. The exit load structure is as follows:

• If the units are redeemed after the completion of 15 days from the date of allotment of the said units, then the exit load = Nil
• If the units are redeemed within 15 days from the date of allotment of the said units, then the exit load = 0.50% of the applicable NAV

Tax benefits of investing in SBI Technology Opportunities Fund

The following taxes are applicable to income arising from investing in this scheme:

• STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units.
• LTCG (units are held for a period of more than 12 months), in excess of Rs 1 Lakh, is taxed at 10 percent without indexation benefits on the redemption of units.

About SBI Mutual Fund

With over three decades of experience and more than 200 points of acceptance across the country, the SBI Mutual Fund – a joint venture between the State Bank of India (SBI) and Amundi Asset Management Company, France, has been delivering consistent value to investors. Driven by a philosophy of growth through innovation, the fund house offers investment expertise in domestic as well as offshore funds.