| Launch date | 29 Jul 2024 |
| Allotment date | 20 Aug 2024 |
| End date | 12 Aug 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.96%
Inclusive of GST
Exit load
Exit load of 1%, if redeemed within 30 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹500 |
Fund management
Vivek GeddaAug 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #1 in India |
|---|---|
| Total AUM | ₹12,68,212.64Cr |
| Date of Incorporation | 29 Jun 1987 |
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SBI Innovative Opportunities Fund Direct Growth is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 Jun 1987. Prasad Padala is the Current Fund Manager of SBI Innovative Opportunities Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹12,68,213 Cr and the Latest NAV as of 01 Apr 2026 is ₹8.48. The SBI Innovative Opportunities Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. Exit load of 1%, if redeemed within 30 days. ;
Investment Objective
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. ;
| Fund benchmark | NIFTY 500 Total Return Index |
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