SBI Automotive Opportunities Fund NFO: Key details you need to know

17 May 2024 , 11:20 AM

SBI Mutual Fund is launching NFO under its “Thematic Fund”, named as SBI Automotive Opportunities Fund. The open-ended fund aims to generate long-term capital appreciation for unit holders from a portfolio that is invested in equity and equity-related instruments of companies engaged in automotive & allied business activities theme.

Investment strategy: The fund manager will adopt an active management style & will follow a bottom-up approach to stock picking to optimize returns. The scheme will invest in a diversified portfolio of stocks across market capitalization.

Asset allocation: The Scheme will invest predominantly in equity and equity-related instruments of companies engaged in and/or expected to benefit from the growth in automotive & its allied business activities theme.

Who should invest?

Investors with a very high-risk appetite and who want to invest in automotive & its allied business activities theme should invest in the SBI Automotive Opportunities Fund for 5 or more years.

Risk associated: Very high level of risk.

Benchmark: Nifty Auto TRI

Fund Managers: Tanmay Desai, Pradeep Kesavan

The NFO is available for subscription from May 17 to May 31. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is ₹5000/- and in multiples of any amount thereafter.

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in SBI Automotive Opportunities Fund.