SBI Mutual Fund has launched a new fund offer (NFO), SBI Automotive Opportunities Fund on 17th May 2024. This is a fund which will invest in stocks from sectors such as auto anciliary, auto manufacturers and exporters and electric vehicles

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In this video, I'm Maneesh Taneja from ZFunds, discussing the SBI Automotive Opportunities Fund 2024 and tells us how we invest in automotive funds and is this the right fund for you?. Lets see the details :

Fund Managers : The fund managers of this fund are Raj Gandhi and Pradeep Kesavan.

Launch date : The NFO will remain open for subscription till 31st May 2024. In this article, we will review this NFO.

Min Investment Amount : Rs.5000 in one time and Rs.1000 in SIP

Why Invest :

Growing per capita income and a young and growing working age population have contributed to India becoming the 4th largest automobile market in the world in terms of domestic sales. Also, India ranks as the 3rd largest automobile industry in the world in terms of production. The share of the automotive sector to India’s GDP has risen to 7.1% as of February 2023 from a mere 2.8% in 1992! This growth has also led to a positive spillover effect on the auto ancillary sector whose turnover has grown from US$ 39.05 billion in FY2016 to US$ 69.70 billion* in FY2023.

Income Growth: In the US, the number of cars per 1000 people is 860, in Germany it is 627 whereas in China the number is 223. In contrast, India still has around 34 cars per 1000 people.

EV Market Evolution: The EV (Electric Vehicle) market in India is forecasted to expand from $5.61 billion in 2023 to $37.7 billion by 2028, (Source: Mordorintelligence).

Government Policies and Initiatives: Policies like the Production Linked Incentive (PLI) scheme, 100% FDI allowance, Automotive Mission Plan (AMP) 201626, Vehicle Scrappage Policy (Launched in 2021), and Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) scheme are expected to drive industry growth and innovation.


#SBI #SBIMutualFund #SIP #ZFunds

00:00 02:25 Introduction and Importance of Automotive
02:26 03:20 Potential in Automotive Sector
03:21 03:37 3rd largest Automotive market
03:38 04:03 India in 2030.
04:04 04:39 How can we get profit from Automotive Sector.
04:40 05:08 Automotive sector Returns and profit calculation
05:09 05:42 Best Fund for this Sector.
05:43 06:36 Investment Universe & Portfolio construction strategy for this fund.
06:37 06:56 How to invest in this fund


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