S&P Kensho Electrical Autos Index was launched on 17 September 2018 and delivered an annualized return of about 40% over the earlier three years.
The index intends to represent companies that are centered on producing electrical freeway cars and associated subsystems, powertrains, energy storage strategies, clear gasoline experience (akin to hydrogen gasoline cells) and charging infrastructure.
Out of the 44 companies in S&P Kensho Electrical Autos Index, the best 5 constituents are Aspen Aerogels Inc (6.37%), Li Auto Inc (3.75%), XPeng Inc (3.45%), Fisker Inc (3.22%) and Tesla Inc (3%).
From India, solely Tata Motors Ltd sorts part of the index.
Nation-wise, the US has a very powerful weightage at 30%, adopted by China at 5%, Canada at 3% and Japan at 2%.
Indians have started specializing in electrical cars as an funding theme over the earlier 12 months with many patrons looking at US-based electric-car maker Tesla Inc.
Even mutual funds have started to take care of this theme. Earlier than Nippon India, two asset administration companies had filed for funds primarily based totally on EV theme.
Sachin Bansal-backed Navi AMC Ltd had last month filed draft papers for a fund of fund (FoF) primarily based totally on electrical cars and driving experience.
Navi Electrical Autos and Driving Expertise FoF will look to place cash into objects of overseas exchange-traded funds (ETF) and/or index funds primarily based totally on STOXX World Electrical Autos & Driving Expertise NET Index.
There are 90 constituents throughout the index, along with Tesla Inc, NVIDIA Corp and Toyota Motor Corp.
Earlier this month, Mirae Asset Mutual Fund had utilized for Mirae Asset Electrical & Autonomous Autos ETFs FoF that may put cash into overseas equity ETFs, which are primarily based totally on companies involved throughout the progress {of electrical} and autonomous cars and related experience, components and provides. The scheme will doubtless be benchmarked to Solactive Autonomous & Electrical Autos Index.
Traders must bear in mind these theme-based schemes carry very extreme funding risks.
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