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SBI Mutual Fund: The country's largest bank SBI Mutual Fund has launched its first vehicle mutual fund in the market. Launched this NFO in the market on 17 May 2024. This is a great opportunity for those who are planning to invest in SBI Mutual Fund. They can invest in it till 31 May 2024. Investment in Automotive Sector Companies: According to media reports, this is India's first active mutual fund scheme that will invest in stocks of automotive and related companies. SBI Mutual Fund is India's largest Asset Management Company (AMC). Mirae Mutual Fund already has one such fund in the market, named Mirae Asset Global Electric and Autonomous Vehicles ETF FOF, but this fund invests in global companies. The fund's corpus is SBI Automotive Opportunities Fund, which invests 80 per cent of the total investment in the automotive sector, the statement said. Apart from this, investments are also made through it in airlines and shipping sectors. According to the report, 20 percent of the investment amount will be invested in debt instruments and money market instruments, and 10 percent will be invested in real estate investment trusts and infrastructure investment trusts. India becoming the world's third-largest economy is not just a statistic: Prime Minister Narendra Modi invests 35 percent in global corporate stocks, SBI's Auto Opportunities Fund, a report in Money Control Hindi said. Its benchmark index is Nifty Auto Total Return Index. Its portfolio includes holdings in auto parts and equipment, castings and forgings, tire and rubber products, passenger cars and utility vehicles and two and three wheelers and commercial vehicles. Hindustan Zinc has given 100% multipacker returns in 50 days, stocks are expected to be bullish, SBI Mutual Fund's first auto fund has arrived, with an opportunity to invest till May 31.