SBI Mutual Fund launches SBI Automotive Opportunities Fund.

Banking & Finance

SBI Automotive Opportunities Fund: The minimum application for lumpsum is ₹5,000, and for SIP, it is ₹500.SBI Automotive Opportunities Fund is a thematic mutual fund that aims to generate long-term capital appreciation for unit holders by investing in a portfolio of companies engaged in automotive and allied activities. The scheme opened for subscription on May 17 and will close on May 31.


      The fund's investment scope encompasses various sectors, including original equipment manufacturers (OEMs), auto component manufacturers, electric mobility, and companies with auto export potential.

      Company classification within the automotive and allied industries will primarily follow the guidelines set by the Association of Mutual Funds in India (AMFI) for basic industry classification.

     

 

     


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