SBI Automotive Opportunities Fund
India's largest mutual fund house SBI mutual fund is going to launch it's new fund offer "SBI Automotive Opportunities Fund", which is open for subscription from 17th May. And it will remain open till 31st May 2024. The objective of the scheme is to generate long-term capital appreciation by investing in equity and equity related instruments of companies that are engaged in automotive and allied business activities theme. India is the 3rd largest Automotive industry in the world in terms of production and in two wheeler manufacturing India ranks second. India is the leader in tractor manufacturing in the world. Automotive industry has four segments namely, Original equipment manufacturers(OEMs), Auto ancillaries, Auto export and electric mobility. The SBI Automotive Opportunities Fund provides investors with concentrated exposure to Indian automotive companies. India ranks as the world's fourth largest vehicle market. The funds brochure highlights t...