May 16, 2024
mayank
SBI Automotive Opportunities Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the SBI Automotive Opportunities Fund Open Date, Close Date?
NFO opens on May 17, 2024
NFO will close on May 31, 2024
What is the Investment Strategy?
The scheme seeks to generate long-term capital appreciation to unit holders from a portfolio that is invested in equity and equity related instruments of companies engaged in automotive & allied business activities theme.
Basic Details
| Fund House | SBI Mutual Fund |
| Issue Open | 17 May 2024 |
| Issue Close | 31 May 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 1 year |
| Riskometer | Very High |
| Benchmark | NIFTY Auto TRI |
What is the Benchmark Index of SBI Automotive Opportunities Fund?
The Nifty Auto Index is designed to reflect the behaviour and performance of the Automobiles segment of the financial market. The Nifty Auto Index comprises 15 tradable, exchange listed companies. The index represents auto related sectors like Automobiles 4 wheelers, Automobiles 2 & 3 wheelers, Auto Ancillaries and Tyres.
Nifty Auto Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Auto Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and
structured products.
Index Variant: Nifty Auto Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 4.95 | 20.74 | 70.44 | 21.90 | 16.53 |
| Total Return | 4.95 | 20.81 | 71.73 | 23.32 | 18.06 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 13.49 | 24.63 | 23.59 |
| Beta (NIFTY 50) | 0.89 | 1.03 | 0.88 |
| Correlation (NIFTY 50) | 0.66 | 0.80 | 0.81 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 25.94 | 5.81 | 0.89 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Mahindra & Mahindra Ltd. | 19.54 |
| Tata Motors Ltd | 16.80 |
| Maruti Suzuki India Ltd. | 16.01 |
| Bajaj Auto Ltd. | 9.54 |
| Eicher Motors Ltd. | 5.96 |
| Hero MotoCorp Ltd. | 5.59 |
| TVS Motor Company Ltd. | 4.54 |
| Bharat Forge Ltd | 3.08 |
| Tata Motors Ltd DVR | 3.02 |
| Samvardhana Motherson International Ltd. | 2.94 |
Performance Review of the Fund Manager of SBI Automotive Opportunities Fund?
1) Tanmaya Desai
Education: Mr. Desai is a B.E. (Electronics), MBA (Finance) and CFA (Level III).
Experience: Prior to joining SBI Mutual Fund he has worked with D.J. Sanghvi College of Engineering and Patni Computer Systems Ltd.
Past Performance of his Schemes
| Fund | SBI Healthcare Opportunities Fund | It’s Benchmark |
| 1 Year | 50.54 | 52.30 |
| 3 Year | 16.24 | 14.15 |
| 5 Year | 25.04 | 22.22 |
| 7 Year | 15.14 | 13.65 |
| 10 Year | 15.78 | 13.58 |
As on 16-5-2024
Which Company Owns SBI Automotive Opportunities Fund?
SBI Funds Management Ltd
Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai – 400051
Website: http://www.sbimf.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in SBI Automotive Opportunities Fund NFO?
Guidance for SBI Automotive Opportunities Fund by Paresh Gordhandas, C.A., Research Analyst.
The SBI Automotive Opportunities Fund does have a first mover advantage in terms that it is the first Active Fund in this category. The existing funds are either Index Funds or ETFs. And while that is a positive factor it also makes the role of the Fund Manager that much more important. The Fund Manager can select and give weightage from the 15 companies that comprise the Nifty Auto Index, which is the benchmark for this Fund.
The future of the automotive industry in India is in the fourth gear right now and with the economy booming all segments of the society want to either upgrade their vehicle or make a new purchase. The same is true for all segments – four wheelers, two wheelers and commercial vehicles.
We recommend you invest a small amount in this Fund.
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