Invesco India Technology Fund vs SBI Innovative Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Technology Fund is a Sectoral fund and SBI Innovative Opportunities Fund is a Thematic fund. In the year to 30-10-2026, Invesco India Technology Fund (Direct) returned 0.9% and SBI Innovative Opportunities Fund (Direct) returned 4.7%. Invesco India Technology Fund charges 1.01% a year and SBI Innovative Opportunities Fund 1.04% (Direct plans). Their portfolios overlap 32.4%: they hold 12 of the same securities.
Invesco India Technology Fund
Sectoral
- 1 year return
- 0.9%
- Expense ratio
- 1.01%
- NAV
- ₹10.22
SBI Innovative Opportunities Fund
Thematic
- 1 year return
- 4.7%
- Expense ratio
- 1.04%
- NAV
- ₹10.63
Which is better, Invesco India Technology or SBI Innovative Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Innovative Opportunities returned more over 1 year: 4.7% against 0.9%.
- Invesco India Technology costs less: 1.01% a year against 1.04% (Direct plans).
- SBI Innovative Opportunities fell less in its worst fall since 25-09-2024: −20.5% against −28.1%.
- SBI Innovative Opportunities is the larger fund: ₹5,125 Cr against ₹317 Cr.
- Their portfolios overlap 32.4%: 12 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Invesco India Technology Fund | SBI Innovative Opportunities Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | SBI Mutual Fund |
| Category | Sectoral | Thematic |
| AUM | ₹317 Cr (30-09-2026) | ₹5,125 Cr (30-09-2026) |
| NAV | ₹10.22 (Direct) | ₹10.63 (Direct) |
| Expense ratio (Direct) | 1.01% | 1.04% |
| Expense ratio (Regular) | 2.49% | 2.02% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty IT TRI | Nifty 500 TRI |
| Launch date | 24-09-2024 | 20-08-2024 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | None | None |
| Fund managers | Hiten Jain, Aditya Khemani | Vivek Gedda |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Exit load of 1%, if redeemed within 30 days. |
Invesco India Technology vs SBI Innovative Opportunities: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Invesco India Technology Fund (Direct) | +6.68% | +2.10% | +12.80% | +0.89% | -- | -- | -- |
| SBI Innovative Opportunities Fund (Direct) | +0.51% | +2.07% | +15.00% | +4.65% | -- | -- | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 20 Sectoral funds and the 235 Thematic funds, same plan type.
Invesco India Technology vs SBI Innovative Opportunities: Year-wise Returns
| Year | Invesco India TechnologyInvesco India Technology | SBI Innovative OpportunitiesSBI Innovative Opportunities |
|---|---|---|
| 2026to date | +1.29% | +5.62% |
| 2025 | −4.54% | −1.08% |
Invesco India Technology vs SBI Innovative Opportunities: Rolling Returns
Every holding period of both funds, against Nifty IT TRI, the benchmark of Invesco India Technology Fund
Rolling returns
Every 1-year holding period, 268 of them, one for each trading day from 25-09-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Invesco India Technology Fund (Direct)
SBI Innovative Opportunities Fund (Direct)
Nifty IT TRI
to
Oct 2025Jan 2025
to
Jan 2026Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Technology | 50.0 | 34.3 | 14.6 | 1.1 | 0.0 | 0.0 | 0.0 | 0.4% | −0.0% | −8.3% | 12.0% | 100% |
| SBI Innovative Opportunities | 35.7 | 32.4 | 23.9 | 8.1 | 0.0 | 0.0 | 0.0 | 2.7% | 2.5% | −7.1% | 14.6% | 100% |
| Nifty IT TRI | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −15.0% | −14.6% | −32.2% | −0.4% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty IT TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 25-09-2024. Past returns do not promise future returns.
Invesco India Technology vs SBI Innovative Opportunities: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 25-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India TechnologyInvesco India Technology Fund (Direct) | ₹2,60,000 | ₹2,78,815 | ₹18,815 | 6.4% |
| SBI Innovative OpportunitiesSBI Innovative Opportunities Fund (Direct) | ₹2,60,000 | ₹2,86,843 | ₹26,843 | 9.0% |
Invesco India TechnologyInvesco India Technology Fund (Direct)
SBI Innovative OpportunitiesSBI Innovative Opportunities Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Invesco India Technology vs SBI Innovative Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Technology Fund (Direct) | SBI Innovative Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.89% | +4.65% |
| Standard deviation | 17.16% | 16.39% |
| Sharpe ratio | -0.25 | -0.04 |
| Sortino ratio | -0.36 | -0.05 |
| Maximum drawdown | −22.6% (23-03-2026) | −18.5% (31-03-2026) |
| Beta | 0.49 | 0.96 |
| Alpha | +1.99% | +11.48% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Invesco India Technology Fund (Direct) | SBI Innovative Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.00% | +2.53% |
| Standard deviation | 18.10% | 15.31% |
| Sharpe ratio | -0.26 | -0.21 |
| Sortino ratio | -0.36 | -0.29 |
| Maximum drawdown | −28.1% (07-04-2025) | −20.8% (07-04-2025) |
| Beta | 0.58 | 0.93 |
| Alpha | +3.96% | +4.48% |
From daily NAVs, 25-09-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Invesco India Technology Fund (Direct)
SBI Innovative Opportunities Fund (Direct)
Nifty IT TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Technology Fund (Direct) | −28.1% | 16-12-2024 | 07-04-2025 | Not yet | -- | −6.4% |
| SBI Innovative Opportunities Fund (Direct) | −20.5% | 02-01-2025 | 07-04-2025 | 29-07-2026 | 16 months | −4.8% |
| Nifty IT TRI | −42.0% | 13-12-2024 | 01-07-2026 | Not yet | -- | −26.1% |
From daily values since 25-09-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Invesco India Technology Fund (Direct)
SBI Innovative Opportunities Fund (Direct)
Nifty IT TRI
Against Nifty IT TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Invesco India Technology Fund (Direct) | 82% | 60% | 18.21% |
| SBI Innovative Opportunities Fund (Direct) | 53% | 36% | 26.85% |
From month-end values since 25-09-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Invesco India Technology vs SBI Innovative Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Technology Fund, September 2026; SBI Innovative Opportunities Fund, September 2026
Holdings in common
- Overlap
- 32.4%
- Held by both
- 12
- Only in Invesco India Technology
- 16
- Only in SBI Innovative Opportunities
- 27
| Security | % of Invesco India Technology | % of SBI Innovative Opportunities |
|---|---|---|
| Eternal Limited | 6.05% | 9.05% |
| Meesho Ltd | 4.68% | 5.29% |
| FSN E-Commerce Ventures Limited | 4.01% | 5.00% |
| Sedemac Mechatronics Limited | 2.95% | 3.10% |
| Firstsource Solutions Limited | 2.78% | 3.49% |
| Coforge Limited | 7.96% | 2.73% |
| Swiggy Limited | 2.44% | 3.42% |
| Indegene Limited | 3.03% | 1.73% |
| PhysicsWallah Limited | 1.79% | 1.64% |
| Hexaware Technologies Limited | 3.21% | 1.45% |
| PB Fintech Limited | 1.64% | 0.99% |
| BSE Limited | 3.18% | 0.90% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.4% means 32.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Invesco India Technology Fund
| Security | % of fund |
|---|---|
| Infosys Limited | 8.84% |
| Tech Mahindra Limited | 7.71% |
| Persistent Systems Ltd | 7.05% |
| Bharti Airtel Limited | 5.32% |
| Multi Commodity Exchange of India Limited | 4.37% |
Largest holdings only in SBI Innovative Opportunities Fund
| Security | % of fund |
|---|---|
| TBO Tek Ltd. | 6.63% |
| Divi's Laboratories Ltd. | 5.44% |
| BlackBuck Ltd. | 4.74% |
| Bajaj Finance Ltd. | 4.68% |
| Ather Energy Ltd. | 4.59% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Technology | SBI Innovative Opportunities |
|---|---|---|
| Equity | 98.4% | 97.2% |
| Debt | 0.0% | 0.1% |
| Cash and others | 1.6% | 2.7% |
Market cap of stocks
| Market cap | Invesco India Technology | SBI Innovative Opportunities |
|---|---|---|
| Large Cap | 33.8% | 28.4% |
| Mid Cap | 39.8% | 25.4% |
| Small Cap | 24.8% | 42.6% |
| Not on AMFI's list | 0.0% | 0.8% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Invesco India Technology | SBI Innovative Opportunities |
|---|---|---|
| IT - Software | 42.6% | 4.9% |
| Retailing | 17.2% | 30.0% |
| Pharmaceuticals & Biotechnology | 0.0% | 9.9% |
| Capital Markets | 7.5% | 1.8% |
| IT - Services | 7.2% | 3.1% |
| Finance | 0.0% | 6.9% |
| Leisure Services | 0.0% | 6.6% |
| Automobiles | 0.0% | 6.3% |
| Transport Services | 0.0% | 5.6% |
| Telecom - Services | 5.3% | 0.4% |
| Commercial Services & Supplies | 4.0% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Technology vs SBI Innovative Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Technology Fund | SBI Innovative Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.01% | 1.04% |
| Base expense ratio (Direct) | 0.79% | 0.76% |
| Total expense ratio (Regular) | 2.49% | 2.02% |
| Base expense ratio (Regular) | 2.10% | 1.60% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Invesco India Technology with
Compare SBI Innovative Opportunities with
Invesco India Technology Fund vs SBI Innovative Opportunities Fund: Frequently Asked Questions
What is the difference between Invesco India Technology Fund and SBI Innovative Opportunities Fund?
Invesco India Technology Fund is a Sectoral fund, SBI Innovative Opportunities Fund is a Thematic fund, run by Invesco Mutual Fund and SBI Mutual Fund. Their portfolios overlap 32.4%. Invesco India Technology Fund charges 1.01% a year and SBI Innovative Opportunities Fund 1.04%.
Which has given higher returns, Invesco India Technology Fund or SBI Innovative Opportunities Fund?
Over 1 year: Invesco India Technology Fund +0.89%, SBI Innovative Opportunities Fund +4.65%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Technology Fund or SBI Innovative Opportunities Fund?
Invesco India Technology Fund charges less: 1.01% a year against 1.04%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Technology Fund and SBI Innovative Opportunities Fund overlap?
32.4%. They hold 12 of the same securities, the largest shared ones being ETERNAL, MEESHO, NYKAA. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Technology Fund or SBI Innovative Opportunities Fund?
On SEBI's riskometer, Invesco India Technology Fund is rated Very High and SBI Innovative Opportunities Fund Very High. Over 1 years, the standard deviation of daily returns was 17.16% and 16.39% a year.
Can I invest in both Invesco India Technology Fund and SBI Innovative Opportunities Fund?
Yes. 32.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Invesco India Technology Fund and SBI Innovative Opportunities Fund?
Invesco India Technology Fund: Hiten Jain, Aditya Khemani. SBI Innovative Opportunities Fund: Vivek Gedda.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.