SBI TECHNOLOGY Opportunities Fund
Direct · GrowthAI Summary
SBI Technology Opportunities Fund has delivered an overall 5Y XIRR of 20.64% and 10Y XIRR of 19.88%, outperforming the category average SIP XIRR of 17.43% (5Y) and 16.43% (10Y). Against the NIFTY 50, the fund has generated strong positive alphas over longer horizons, including 8.62% over 10Y and 10.29% over 7Y. However, recent performance is weaker, with the 1Y XIRR of 7.42% trailing the category average of 10.56% and 2026 returning -10.45% so far.
The fund's beta below 1 across all periods (0.69-0.83) and lower downside capture (60.66%-85.28%) than upside capture in most periods indicate better downside protection than the NIFTY 50. Risk-adjusted returns are solid, with Calmar ratios consistently above 0.60 across all windows. investors should note 8 drawdown events exceeding 10% have occurred historically, with recovery from the maximum drawdown taking 115 days.
The 20-stock portfolio is focused, with the top 10 holdings accounting for over 61% of NAV and Bharti Airtel alone at 16.92%. IT-Software dominates at 35.4%, followed by Telecom-Services at 16.9%, reflecting a concentrated technology-driven thematic bet. This concentration amplifies both upside potential and sector-specific risks.
Over the long term, the fund consistently beats category average SIP XIRR across 3Y, 5Y, 7Y, 10Y, and 12Y horizons, with 5Y XIRR of 20.64% versus 17.43% for the category. The 7Y and 10Y XIRRs of 20.94% and 19.88% show durable long-horizon outperformance. The only lag is the 1Y XIRR of 7.42% versus 10.56% for the category, suggesting softer recent relative performance.
This fund is best suited for investors with high risk tolerance and an investment horizon of at least 5-7 years, given its sector concentration and the volatility inherent in technology-focused portfolios. It should be treated as a satellite allocation rather than a core holding, ideally limited to a modest share of an overall equity portfolio. SIP investing would helpnavigate periods of drawdown such as the -10.45% calendar return in 2026.
- Strong long-term SIP XIRR of 20.64% over 5Y and 19.88% over 10Y, well above category averages of 17.43% and 16.43%
- Consistent positive alpha versus NIFTY 50 across 3Y through 15Y horizons, including 8.62% over 10Y
- Downside capture of 65.72% over 10Y versus upside capture of 77.33%, indicating better-than-benchmark resilience in falling markets
- High sector concentration with IT-Software at 35.4% and a single stock (Bharti Airtel) at 16.92% of NAV
- Recent underperformance with a 1Y XIRR of 7.42% trailing the category average of 10.56%, and a -10.45% return in 2026
Generated on 02-11-2026, 3:37 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.65 L | 20.7% | -42.1% | 113.7% |
| 3 Years | ₹36.00 L | ₹45.56 L | 18.0% | -6.8% | 58.1% |
| 5 Years | ₹60.00 L | ₹95.61 L | 19.7% | 0.2% | 40.3% |
| 7 Years | ₹84.00 L | ₹1.80 Cr | 20.9% | 4.2% | 31.0% |
| 10 Years | ₹1.20 Cr | ₹3.44 Cr | 19.9% | 14.9% | 23.8% |
| 12 Years | ₹1.44 Cr | ₹4.91 Cr | 18.4% | 14.7% | 22.5% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 20.7% | 14.3% | 10.3% | +6.4% |
| 3 Years | 18.0% | 11.0% | 16.1% | +6.9% |
| 5 Years | 19.7% | 10.4% | 17.2% | +9.4% |
| 7 Years | 20.9% | 10.6% | 16.6% | +10.3% |
| 10 Years | 19.9% | 11.4% | 16.4% | +8.5% |
| 12 Years | 18.4% | 11.3% | 15.8% | +7.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 20.1% | 15.1% | -21.2% | 115.5% | 0.55 | 2.05 | 77% | — | — |
| 3 Years | 18.4% | 16.6% | 0.8% | 42.4% | 1.32 | 14.81 | 100% | — | — |
| 5 Years | 19.6% | 20.8% | 1.7% | 32.1% | 1.86 | 40.69 | 100% | — | — |
| 10 Years | 18.3% | 18.4% | 15.4% | 21.0% | 9.41 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | -2.40 | 0.74 | 72.6% | 72.6% | -7.5% | -9.0% |
| 3 Years | +4.25 | 0.79 | 86.6% | 79.1% | 11.2% | 7.0% |
| 5 Years | +1.41 | 0.82 | 88.6% | 85.2% | 7.1% | 5.5% |
| 7 Years | +9.84 | 0.74 | 83.9% | 72.3% | 19.0% | 10.1% |
| 10 Years | +8.51 | 0.69 | 77.2% | 65.7% | 17.9% | 10.7% |
| 12 Years | +6.46 | 0.69 | 76.0% | 66.4% | 14.7% | 9.0% |
| 15 Years | +7.70 | 0.65 | 73.4% | 60.7% | 16.2% | 9.6% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Bharti Airtel Ltd. | 16.92% |
| 2 | Infosys Ltd. | 8.37% |
| 3 | Tata Consultancy Services Ltd. | 7.01% |
| 4 | Eternal Ltd. | 6.93% |
| 5 | Coforge Ltd. | 5.05% |
| 6 | LTM Ltd. | 4.00% |
| 7 | Amagi Media Labs Ltd. | 3.97% |
| 8 | Firstsource Solutions Ltd. | 3.69% |
| 9 | BlackBuck Ltd. | 3.22% |
| 10 | Persistent Systems Ltd. | 2.80% |