SBI Innovative Opportunities Fund vs UTI Innovation Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI Innovative Opportunities Fund is a Thematic fund and UTI Innovation Fund is a Thematic fund. In the year to 30-10-2026, SBI Innovative Opportunities Fund (Direct) returned 4.7% and UTI Innovation Fund (Direct) returned −9.5%. SBI Innovative Opportunities Fund charges 1.04% a year and UTI Innovation Fund 1.26% (Direct plans). Their portfolios overlap 32.6%: they hold 14 of the same securities.
SBI Innovative Opportunities Fund
Thematic
- 1 year return
- 4.7%
- Expense ratio
- 1.04%
- NAV
- ₹10.63
Which is better, SBI Innovative Opportunities or UTI Innovation? 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 −9.5%.
- SBI Innovative Opportunities costs less: 1.04% a year against 1.26% (Direct plans).
- SBI Innovative Opportunities fell less in its worst fall since 27-08-2024: −20.8% against −31.5%.
- SBI Innovative Opportunities holds more in large companies: 28.4% of the fund in large caps against 13.7%.
- SBI Innovative Opportunities is the larger fund: ₹5,125 Cr against ₹768 Cr.
- Their portfolios overlap 32.6%: 14 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 | SBI Innovative Opportunities Fund | UTI Innovation Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | UTI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹5,125 Cr (30-09-2026) | ₹768 Cr (30-09-2026) |
| NAV | ₹10.63 (Direct) | ₹11.19 (Direct) |
| Expense ratio (Direct) | 1.04% | 1.26% |
| Expense ratio (Regular) | 2.02% | 2.43% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 20-08-2024 | 13-10-2023 |
| Minimum investment | ₹5,000 | REGULAR PLAN-GROWTH:5000 , DIRECT PLAN-GROWTH:5000, REGULAR PLAN-PAYOUT OF IDCW:5000, DIRECT PLAN-PAYOUT OF IDCW:5000 |
| Lock in | None | None |
| Fund managers | Vivek Gedda | Nitin Jain FM 1 |
| Exit load | Exit load of 1%, if redeemed within 30 days. | 1% if redeemed/switched out within 12 months from the date of allotment, Nil thereafter. |
SBI Innovative Opportunities vs UTI Innovation: 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 |
|---|---|---|---|---|---|---|---|
| SBI Innovative Opportunities Fund (Direct) | +0.51% | +2.07% | +15.00% | +4.65% | -- | -- | -- |
| UTI Innovation Fund (Direct) | −1.91% | −4.29% | +3.52% | −9.51% | +3.91% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
SBI Innovative Opportunities vs UTI Innovation: Year-wise Returns
| Year | SBI Innovative OpportunitiesSBI Innovative Opportunities | UTI InnovationUTI Innovation | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | +5.62% | −5.63% | −7.51% |
| 2025 | −1.08% | −6.47% | +7.76% |
| 2024 | -- | +20.12% | +16.24% |
SBI Innovative Opportunities vs UTI Innovation: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 293 of them, one for each trading day from 28-08-2025 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.
SBI Innovative Opportunities Fund (Direct)
UTI Innovation Fund (Direct)
Nifty 500 TRI
to
Oct 2025Dec 2024
to
Dec 2025Feb 2025
to
Feb 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Innovative Opportunities | 40.3 | 30.0 | 22.2 | 7.5 | 0.0 | 0.0 | 0.0 | 2.3% | 1.6% | −7.1% | 14.6% | 42% |
| UTI Innovation | 77.4 | 22.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −3.8% | −4.1% | −13.8% | 5.0% | 2% |
| Nifty 500 TRI | 31.7 | 29.0 | 29.0 | 7.8 | 2.4 | 0.0 | 0.0 | 3.2% | 2.6% | −9.0% | 17.6% | -- |
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 500 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 27-08-2024. Past returns do not promise future returns.
SBI Innovative Opportunities vs UTI Innovation: 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 27-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI Innovative OpportunitiesSBI Innovative Opportunities Fund (Direct) | ₹2,70,000 | ₹2,97,402 | ₹27,402 | 8.6% |
| UTI InnovationUTI Innovation Fund (Direct) | ₹2,70,000 | ₹2,62,121 | −₹7,879 | −2.5% |
SBI Innovative OpportunitiesSBI Innovative Opportunities Fund (Direct)
UTI InnovationUTI Innovation 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.
SBI Innovative Opportunities vs UTI Innovation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI Innovative Opportunities Fund (Direct) | UTI Innovation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.65% | −9.51% |
| Standard deviation | 16.39% | 19.38% |
| Sharpe ratio | -0.04 | -0.76 |
| Sortino ratio | -0.05 | -1.02 |
| Maximum drawdown | −18.5% (31-03-2026) | −25.7% (23-03-2026) |
| Beta | 0.96 | 1.13 |
| Alpha | +11.48% | −0.48% |
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 | SBI Innovative Opportunities Fund (Direct) | UTI Innovation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.53% | +3.71% |
| Standard deviation | 15.31% | 18.01% |
| Sharpe ratio | -0.21 | -0.13 |
| Sortino ratio | -0.29 | -0.18 |
| Maximum drawdown | −20.8% (07-04-2025) | −31.5% (23-03-2026) |
| Beta | 0.93 | 1.04 |
| Alpha | +4.48% | −5.44% |
From daily NAVs, 27-08-2024 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.
SBI Innovative Opportunities Fund (Direct)
UTI Innovation Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI Innovative Opportunities Fund (Direct) | −20.8% | 23-09-2024 | 07-04-2025 | 29-07-2026 | 16 months | −4.8% |
| UTI Innovation Fund (Direct) | −31.5% | 23-09-2024 | 23-03-2026 | Not yet | -- | −16.6% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 27-08-2024, 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.
SBI Innovative Opportunities Fund (Direct)
UTI Innovation Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI Innovative Opportunities Fund (Direct) | 106% | 80% | 11.06% |
| UTI Innovation Fund (Direct) | 97% | 115% | 12.48% |
From month-end values since 27-08-2024. 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.
SBI Innovative Opportunities vs UTI Innovation: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Innovative Opportunities Fund, September 2026; UTI Innovation Fund, September 2026
Holdings in common
- Overlap
- 32.6%
- Held by both
- 14
- Only in SBI Innovative Opportunities
- 25
- Only in UTI Innovation
- 18
| Security | % of SBI Innovative Opportunities | % of UTI Innovation |
|---|---|---|
| Eternal Ltd. | 9.05% | 9.39% |
| FSN E-Commerce Ventures Ltd. | 5.00% | 6.15% |
| Info Edge (India) Ltd. | 2.86% | 9.07% |
| One 97 Communications Ltd. | 2.66% | 4.83% |
| Meesho Ltd. | 5.29% | 2.36% |
| Divi's Laboratories Ltd. | 5.44% | 2.02% |
| Swiggy Ltd. | 3.42% | 1.61% |
| Urban Company Ltd. | 3.53% | 1.47% |
| TBO Tek Ltd. | 6.63% | 1.28% |
| PB Fintech Ltd. | 0.99% | 3.05% |
| Acutaas Chemicals Ltd. | 0.90% | 4.92% |
| Billionbrains Garage Ventures Ltd. | 0.85% | 2.30% |
| Shiprocket Ltd. | 0.85% | 2.20% |
| Happiest Minds Technologies Ltd. | 0.75% | 0.92% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.6% means 32.6% 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 SBI Innovative Opportunities Fund
| Security | % of fund |
|---|---|
| BlackBuck Ltd. | 4.74% |
| Bajaj Finance Ltd. | 4.68% |
| Ather Energy Ltd. | 4.59% |
| Sun Pharmaceutical Industries Ltd. | 3.54% |
| Firstsource Solutions Ltd. | 3.49% |
Largest holdings only in UTI Innovation Fund
| Security | % of fund |
|---|---|
| EQ - AFFLE 3I LIMITED | 5.74% |
| EQ - RATEGAIN TRAVEL TECHNOLOGIES LTD | 4.44% |
| EQ - NAZARA TECHNOLOGIES LTD | 3.20% |
| EQ - GRAVITA INDIA LTD. | 3.06% |
| EQ - CLEAN SCIENCE & TECHNOLOGY LTD | 2.92% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Innovative Opportunities | UTI Innovation |
|---|---|---|
| Equity | 97.2% | 96.2% |
| Debt | 0.1% | 0.0% |
| Cash and others | 2.7% | 3.8% |
Market cap of stocks
| Market cap | SBI Innovative Opportunities | UTI Innovation |
|---|---|---|
| Large Cap | 28.4% | 13.7% |
| Mid Cap | 25.4% | 32.7% |
| Small Cap | 42.6% | 47.6% |
| Not on AMFI's list | 0.8% | 2.2% |
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 | SBI Innovative Opportunities | UTI Innovation |
|---|---|---|
| Retailing | 30.0% | 30.1% |
| IT - Software | 4.9% | 15.8% |
| Pharmaceuticals & Biotechnology | 9.9% | 6.9% |
| Financial Technology (Fintech) | 5.3% | 7.9% |
| IT - Services | 3.1% | 7.0% |
| Finance | 6.9% | 0.0% |
| Leisure Services | 6.6% | 3.7% |
| Automobiles | 6.3% | 0.0% |
| Transport Services | 5.6% | 4.3% |
| Electrical Equipment | 0.0% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Innovative Opportunities vs UTI Innovation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Innovative Opportunities Fund | UTI Innovation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.04% | 1.26% |
| Base expense ratio (Direct) | 0.76% | 0.96% |
| Total expense ratio (Regular) | 2.02% | 2.43% |
| Base expense ratio (Regular) | 1.60% | 2.04% |
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 SBI Innovative Opportunities with
SBI Innovative Opportunities Fund vs UTI Innovation Fund: Frequently Asked Questions
What is the difference between SBI Innovative Opportunities Fund and UTI Innovation Fund?
SBI Innovative Opportunities Fund is a Thematic fund, UTI Innovation Fund is a Thematic fund, run by SBI Mutual Fund and UTI Mutual Fund. Their portfolios overlap 32.6%. SBI Innovative Opportunities Fund charges 1.04% a year and UTI Innovation Fund 1.26%.
Which has given higher returns, SBI Innovative Opportunities Fund or UTI Innovation Fund?
Over 1 year: SBI Innovative Opportunities Fund +4.65%, UTI Innovation Fund −9.51%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Innovative Opportunities Fund or UTI Innovation Fund?
SBI Innovative Opportunities Fund charges less: 1.04% a year against 1.26%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Innovative Opportunities Fund and UTI Innovation Fund overlap?
32.6%. They hold 14 of the same securities, the largest shared ones being ETERNAL, NYKAA, NAUKRI. From each fund's latest monthly portfolio.
Which is riskier, SBI Innovative Opportunities Fund or UTI Innovation Fund?
On SEBI's riskometer, SBI Innovative Opportunities Fund is rated Very High and UTI Innovation Fund Very High. Over 1 years, the standard deviation of daily returns was 16.39% and 19.38% a year.
Can I invest in both SBI Innovative Opportunities Fund and UTI Innovation Fund?
Yes. 32.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages SBI Innovative Opportunities Fund and UTI Innovation Fund?
SBI Innovative Opportunities Fund: Vivek Gedda. UTI Innovation Fund: Nitin Jain FM 1.
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.