SBI Technology Opp Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

SBI Technology Opp Fund Direct Growth Plan is suited to investors who can accept high volatility in exchange for a technology-focused equity strategy. As of 26 Aug 2026, its NAV is ₹235.1978 and its scheme AUM is ₹4,592 Cr. Its 1-year, 3-year and 5-year returns are -5.28%, 10.66% and 8.14%, and the fund sits in the High Risk category.

Our view is that this is a differentiated equity option rather than a broad market core holding. The portfolio is tilted heavily toward IT, with meaningful overseas and telecom exposure, so performance can diverge from the Nifty 50 benchmark and from a plain diversified equity fund.

Quick facts

Metric	Details
NAV	₹235.1978
AUM	₹4,592 Cr
Expense Ratio	0.91%
Launch Date	09 Jan 2013
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	0.50% if units are sold on or before 15 days; nil after 15 days
Fund Managers	Vivek Gedda

The fund is managed by Vivek Gedda.

Source data date: as of 26 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	3.74%	0.44%
3M	9.60%	2.31%
1Y	-5.28%	-2.53%
3Y	10.66%	6.72%
5Y	8.14%	7.06%

The short-term pattern is mixed, but the latest momentum is clearly better than the one-year outcome. Over 1 month and 3 months, the fund has outpaced the benchmark by a wide margin, which suggests a recovery phase after a weak 1-year stretch. That 1-year return remains negative, so recent strength has not yet fully repaired the longer slump.

Over 3 years, the fund has compounded at 10.66%, ahead of the benchmark’s 6.72%. That gap shows the strategy has still created more value than the Nifty 50 over a medium-term holding period, even though the path has not been smooth. The 5-year return of 8.14% is also ahead of the benchmark’s 7.06%, but the margin is modest, so the longer record looks better for consistency than for standout outperformance.

The daily movement pattern also points to a fund that can swing around more than a broad index. The 3-month and 1-month series show a sharper rebound than the benchmark, while the 1-year series includes a deep drawdown before recovery. For an investor, that means the fund can move faster both on the downside and on the upside than a plain index-like equity allocation.

Overall, the performance picture is stronger over 3 years and 5 years than over 1 year, and the recent bounce is encouraging but not enough to call the record stable. The benchmark comparison also matters here: the fund has beaten the Nifty 50 over 3 years and 5 years, but it has lagged over 1 year.

Source data date: as of 26 Aug 2026

Should you BUY or HOLD SBI Technology Opp?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
SBI Technology Opp Fund Direct Growth Plan	-5.28%	10.66%	8.14%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	82.4562%	39.164%	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	35.4971%	Data not available	Data not available
Aditya Birla SL Mfg. Equity Fund Direct Growth Plan	29.8868%	23.5448%	17.0082%
Motilal Oswal Active Momentum Fund Direct Growth Plan	28.1855%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	28.0098%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the latest 1-year view, the fund trails all five peers listed here, even though the peer set itself is strongly tilted toward thematic strategies that have posted much higher recent returns. The medium-term picture is more balanced: the fund’s 3-year return is below Aditya Birla SL Mfg. Equity Fund Direct Growth Plan, but above the peers with unavailable 3-year figures and above the current fund’s benchmark. Over 5 years, the fund stays ahead of the benchmark, but the only peer with a 5-year figure, Aditya Birla SL Mfg. Equity Fund Direct Growth Plan, has a stronger longer-term number.

The comparison therefore tells two different stories. Short-term momentum is weaker than the listed peer names, while the medium-term record is still credible against the benchmark and acceptable versus the few peers with longer histories. That gap matters for investors who want thematic exposure, because the fund’s recent recovery is not yet as strong as the most aggressive thematic peers, but the 3-year and 5-year numbers still show the strategy has worked better than a plain Nifty 50 allocation over those horizons.

Source data date: as of 26 Aug 2026

Portfolio: where your money goes

The market-cap mix is tilted toward larger companies, but it is not a pure large-cap portfolio. Large caps form 51.18%, mid caps 20.25%, small caps 9.75%, and the remaining 18.82% sits in the other bucket.

Sector	Weight	Key holdings
IT	53.19%	ECLERX SERVICES LTD. (11.69%), INFOSYS LTD. (11.1%)
TELECOM	10.92%	BHARTI AIRTEL LTD. (10.92%)
OVERSEAS EQUITIES	10.58%	COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION (3.62%), ALPHABET INC. (3.18%)
RETAILING	8.41%	ETERNAL LTD. (5.02%), SWIGGY LTD. (2.08%)
LOGISTICS	4.54%	BLACKBUCK LTD. (2.86%), DELHIVERY LTD. (1.68%)

The portfolio is clearly led by IT, and that single sector is materially larger than every other line item. At 53.19%, it is more than four times the weight of telecom and also well above the combined size of any one of the remaining sectors. That makes the fund’s behaviour likely to be shaped most by the technology cycle, especially earnings sentiment and valuation moves in the IT space.

We also see a meaningful secondary layer of overseas equities, retailing and logistics, which broadens the opportunity set but does not reduce the fund’s sector concentration in any major way. The large-cap share should help anchor the portfolio somewhat, while the mid-cap and small-cap exposure can add return variation. In our view, the biggest influence on portfolio outcomes is still likely to come from the IT allocation because of its size and the prominence of two large holdings within it.

Source data date: as of 26 Aug 2026

Who should invest

This fund fits investors who are comfortable with High Risk equity exposure and can hold through periods when returns fall below the benchmark. The 1-year return is negative, but the 3-year and 5-year numbers are positive and ahead of the Nifty 50, so the strategy has rewarded patience more than it has rewarded short holding periods.

A longer horizon matters here. The technology tilt and the concentrated sector mix mean the fund is better suited to an investor who wants a specialised satellite allocation rather than a core diversified equity holding. The main trade-off is that the same sector focus that can support stronger medium-term compounding can also lead to sharper drawdowns and uneven year-to-year results.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: 0.50% if units are sold on or before 15 days; nil after 15 days.

Source data date: as of 26 Aug 2026

Frequently asked questions

What is the current NAV of SBI Technology Opp Fund Direct Growth Plan?

The current NAV is ₹235.1978 as of 26 Aug 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

Its 1-year return is -5.28%, its 3-year return is 10.66%, and its 5-year return is 8.14%.

How does the fund compare with the Nifty 50 benchmark?

It has outperformed the Nifty 50 over 3 years and 5 years, but it has lagged over 1 year. The recent 1-month and 3-month numbers are also stronger than the benchmark’s.

How does it compare with the listed peer funds?

The fund trails the listed peers on the 1-year view, while its 3-year and 5-year record is more mixed. It is ahead of the benchmark over 3 and 5 years, but the peer set includes a few thematic funds with much stronger recent figures.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

Who manages the fund and what is its exit load?

The fund is managed by Vivek Gedda. The exit load is 0.50% if units are sold on or before 15 days, and nil after 15 days.

Bottom line

SBI Technology Opp Fund Direct Growth Plan has a split personality: the latest 1-year record is weak, but the 3-year and 5-year numbers are positive and ahead of the Nifty 50 benchmark. The portfolio is dominated by IT, so the fund’s path is likely to stay more volatile than a broad diversified equity fund. That makes it more suitable for investors who want a focused technology tilt and can accept that the return pattern may differ sharply across market phases.

Published on 28 August 2026 at 10:28 AM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.