SBI Automotive Opportunity Fund - Overview & Complete Analysis
The SBI Automotive Opportunities Fund is tailored for individuals looking to invest in equity and debt-related instruments to achieve high returns. This scheme aims to invest in a diverse range of industries, market capitalizations, and asset classes
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SBI Automotive Opportunity Fund - Overview
Fund Basics:
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NFO Period: May 17 - May 31, 2024
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Minimum Investment: SIP of Rs 500
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Exit Load: 1% if redeemed within 1 year
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Lock-in Period: None
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Risk: Very High
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Benchmark Index: Nifty Auto TRI
Objective: Generate long-term capital appreciation by investing in equity and debt instruments of companies in the automotive and allied sectors.
Asset Allocation:
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Automotive & Allied Equity: 80-100% (Very High Risk)
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Other Equity: 0-20% (Very High Risk)
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Debt Instruments: 0-20% (Low to Medium Risk)
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REITs and InvITs: 0-10% (Medium to High Risk)
Tax Implications:
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Short-term Capital Gains: 15% if redeemed within 1 year
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Long-term Capital Gains: 10% on returns above Rs. 1 lakh after 1 year
Fund Managers:
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Mr. Tanmay Desai
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Mr. Pradeep Kesavan
Ideal for: Investors willing to take high risks for potential high returns, with exposure to both domestic and foreign securities in the automotive sector.
The SBI Automotive Opportunities Fund targets long-term growth through investments in the high-risk automotive sector. Assess your risk tolerance before investing.
Apply Now for SBI Automotive Opportunity Fund
