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.
The minimum application amount will be Rs 5,000 and in multiples of Re 1 thereafter. The quant fund will be benchmarked against Nifty 200 - TRI. The scheme will be managed by Sukanya Ghosh and 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 new fund offer is currently open and closes on February 20. The fund will be benchmarked to the Nifty Energy TR Index and managed by Raj Gandhi and Pradeep Kesavan. The minimum investment in the fund is ₹5,000. The fund will have an exit load of 1% if units are redeemed a year before allotment.
If you invested ₹one lakh in SBI Contra Fund, the investment would have grown to ₹1.45 lakh in one year. In three years, an investment of ₹one lakh would have swelled to ₹2.35 lakh.
SBI Mutual Fund announced the launch of the SBI Energy Opportunities Fund. The scheme opened for public subscription on February 06, 2024, and will close on February 20, 2024.