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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.
Japanese yen's decline to 34-year low positively affects Indian automotive sector. Maruti Suzuki India Limited, Motherson Sumi, and Sharp among the companies set to gain from the situation, with various experts highlighting the impact.
In a regulatory filing, Burry's Scion Asset Management revealed last week that it bought put options for the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust Series 1 ETF, which track respectively the S&P 500 and Nasdaq-100 indices. Scion's bet is worth a total $1.6 billion.