SBI Mutual Fund launches SBI Automotive Opportunities Fund

NFO period: 17^th May – 31^st May, 2024

Highlights of the NFO:

• Scheme type – An open ended equity scheme following automotive & allied business activities theme


• Investment objective – The investment objective of the scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested in equity and equity related instruments of companies engaged in automotive & allied business activities theme. However, there can be no assurance that the investment objective of the scheme will be realized.


• Product suitability – The product is suitable for investors who are seeking Long term Capital appreciation by investing 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.


• Minimum Application Amount – First investment is Rs.5,000/- and in multiples of Rs.1/- thereafter


• Plan/ Options available – Direct Plan and Regular Plan having Growth and Income Distribution cum capital withdrawal (IDCW) option. Under the IDCW option, facility for Payout of Income Distribution cum capital withdrawal option (IDCW Payout), Reinvestment of Income Distribution cum capital withdrawal option (IDCW Re-investment) & Transfer of Income Distribution cum capital withdrawal plan (IDCW Transfer).


• Fund Manager – Mr. Tanmay Desai and Mr. Pradeep Kesavan


• Benchmark – Nifty Auto TRI