SBI Automotive Fund, managed by Tanmaya Desai and Pradeep Kesavan, offers high exposure to automotive stocks. Experts from WealthMills Securities recommend considering the fund for high-risk appetite investors.
While the emergence of electric vehicles is an opportunity in terms of the potential to replace existing vehicles, this will come at a colossal economic cost as the existing IC investments will be written-off even as new investments are made in the EV technology.
Consider investing in a sectoral fund such as SBI Automotive Opportunities Fund only if you hold a positive outlook on that specific sector or have reliable access to quality advice. For such funds, achieving profitability requires precise timing for both entry and exit.
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.
SBI Mutual Fund launches thematic fund | Will it beat Nifty Auto's 266% rise in 10 yrs? - Money News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The mutual fund (MF) industry had an action-packed 2023 as it tackled the scrapping of tax benefits for debt fund investors and surging flows into equity funds.