SBI Innovative Opportunities Fund NFO review

SBI Innovative Opportunities Fund NFO (new fund offer) is the third thematic and sectoral fund being launched by the country's largest fund house, SBI Mutual Fund , this year. The SBI Innovative Opportunities Fund NFO opened for subscription on July 29, 2024, and will remain open until August 12, 2024. SBI Innovative Opportunities Fund NFO at a glance NFO period July 29 to Aug 12, 2024 Benchmark Nifty 500 TRI Fund manager(s) Prasad Padala and Pradeep Kesavan Exit load If the units are redeemed within one year from the date of allotment: 1 per cent of the applicable NAV. Nil thereafter. Tax treatment If units are sold within a year, capital gains will be taxed at 20 per cent. If units are sold after one year, capital gains are taxed at 12.5 per cent. However, gains of up to Rs 1.25 lakh are tax-exempt. About SBI Innovative Opportunities Fund SBI Innovative Opportunities Fund is a thematic fund. As the name suggests, it will invest in companies that are at the forefront of innovation. Essentially, the fund will look at companies focusing on the following three areas: i) product or service innovators, ii) process innovators and iii) innovative adopters. Simply put, they will look for companies that: Allocate a significant portion of revenue to research and development (R&D). Implement practices that reduce costs and improve efficiency. Show agility in adapting to ne