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

SBI Technology Opp Fund Direct Growth Plan has a NAV of ₹230.4597 as of 08 Sep 2026 and an AUM of ₹4,487 Cr. Its 1-year, 3-year and 5-year returns are -5.25%, 8.37% and 7.26%, and it sits in the High Risk bucket.

Our view is that this is a fund for investors who can tolerate sharp swings and can stay invested for long enough to let the tech-led portfolio work through cycle changes. The mix is concentrated in a few large holdings, and the recent 1-year weakness stands out against a steadier 3-year and 5-year record.

Quick facts

Particular	Details
NAV	₹230.4597 as of 08 Sep 2026
AUM	₹4,487 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% on or before 15D, Nil after 15D
Fund Managers	Vivek Gedda

The fund is managed by Vivek Gedda.

Source data date: as of 08 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.02%	-4.69%
3M	10.88%	0.93%
1Y	-5.25%	-7.16%
3Y	8.37%	6%
5Y	7.26%	5.87%

The short-term picture is mixed. Over 1 month and 1 year, the fund has been negative, but it still held up better than the benchmark in both periods. The 3-month return is the clearest recent bright spot, and it is well ahead of the benchmark for the same window.

The longer record is more balanced. The 3-year and 5-year returns are both positive and ahead of the benchmark, which suggests the fund has still been able to compound better than the index over a full cycle, even after recent pressure.

The pattern matters for interpretation. The 1-year decline tells us the fund can face a difficult stretch, but the 3-year and 5-year figures show that the recent weakness has not erased the broader return edge. That combination is typical of a fund whose outcome can depend heavily on a smaller set of holdings and the prevailing market mood.

For investors, the main point is that the benchmark comparison is not uniform across time. The fund has been ahead on the 3-year and 5-year view, yet the latest 1-year period has been weak in absolute terms. That makes it better suited to investors who can tolerate uneven results rather than those who want a smoother return path.

Source data date: as of 08 Sep 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.

Already holding SBI Technology Opp? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
SBI Technology Opp Fund Direct Growth Plan	-5.25%	8.37%	7.26%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	71.49%	36.55%	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	30.08%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	28.85%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	28.6%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	27.47%	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 the stronger peer returns by a wide margin, even though it has still lost less than the benchmark. The 3-year and 5-year figures are more resilient, but the available peer set shows several funds with far stronger short-term momentum, so the contrast between recent and longer-term behaviour is clear.

That said, the peer comparison is not one-sided. The fund’s 3-year and 5-year outcomes are both positive and compare more comfortably with the benchmark than the recent 1-year move does. For investors, that means the fund looks less compelling on near-term momentum and more defensible as a long-horizon holding where patience matters.

Source data date: as of 08 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Bharti Airtel Ltd.	Telecom	16.15%
Infosys Ltd.	IT	8.84%
Tata Consultancy Services Ltd.	IT	7.59%
Eternal Ltd.	Retailing	6.58%
Coforge Ltd.	IT	5.31%
Cognizant Technology Solutions Corporation	Overseas Equities	4.53%
LTM Ltd.	IT	4.16%
Microsoft Corporation	Overseas Equities	4.10%
Amagi Media Labs Ltd.	Domestic Equities	3.79%
Alphabet Inc.	Overseas Equities	3.61%

The top 10 holdings account for approximately 64.66% of the portfolio.

To see all holdings, visit the SBI Technology Opp Fund Direct Growth Plan page

Bharti Airtel Ltd. alone carries the largest weight at 16.15%, so it is likely to have greater influence on the fund’s near-term behaviour than any other single position. The next few holdings are meaningfully smaller, but not tiny, which means the portfolio still gives important room to a handful of large ideas.

The weight then steps down to 8.84% and 7.59% in the next two positions, before moving through a cluster around 6% to 3%. That drop from the first holding to the tenth suggests the fund is not evenly spread across many similar-sized positions; instead, a few names dominate the visible sleeve.

Because the top 10 holdings together make up 64.66% of the portfolio and 27 holdings are disclosed in total, the fund looks fairly concentrated at the top while still leaving a long tail below the main positions. That structure may create stronger upside if the largest bets work, but it may also mean the portfolio can move more sharply when those positions are out of favour.

Source data date: as of 08 Sep 2026

Who should invest

This fund suits investors who can handle High Risk exposure and are comfortable with a return path that can be uneven over shorter periods. The latest 1-year result was weak, but the 3-year and 5-year figures are positive and better than the benchmark, so the case here is tied more to patience than to steady quarterly performance.

The main trade-off is concentration. The portfolio has a few large positions that may drive outcomes, which can help when the theme is working and hurt when it is not. Investors with a medium-to-long horizon who want technology-led equity exposure may find the return pattern understandable, while those seeking smoother near-term outcomes may find the swings harder to accept.

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 applies at 0.50% if units are sold on or before 15 days. There is no exit load after 15 days.

Source data date: as of 08 Sep 2026

Frequently asked questions

What is the current NAV of SBI Technology Opp Fund Direct Growth Plan?
The current NAV is ₹230.4597 as of 08 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is -5.25%, its 3-year return is 8.37% and its 5-year return is 7.26%.

How has the fund done versus the benchmark?
It has beaten the benchmark over 3 years and 5 years, while also falling less than the benchmark over 1 month and 1 year. The 3-month figure is also well ahead of the benchmark.

How does it compare with the peer funds listed here?
Its recent 1-year return is weaker than the strongest peer returns shown, but its 3-year and 5-year record is still positive and above the benchmark. The peer set also has several funds with much stronger short-term numbers.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

Who manages the fund and what is the 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 shows a split personality: the latest 1-year result is weak, but the 3-year and 5-year numbers are still positive and ahead of the benchmark. Compared with the listed peers, the short-term return profile is far less forceful, while the longer-term record is more credible. The fund also carries High Risk and a concentrated top end, with Bharti Airtel Ltd. the largest holding. That combination makes it better suited to investors who can tolerate volatility and stay invested for a longer horizon.

Published on 10 September 2026 at 1:21 PM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.