PSU Mutual Funds: PSU mutual funds have surged over 10% since June 4, the day Lok Sabha election results were announced. PSU mutual funds fall within the thematic equity mutual fund category. Thematic funds are equity mutual funds that invest into stocks connected to a particular theme. These funds’ investment patterns are unified by a central idea. For example, an infrastructure theme fund might invest in sectors such as cement, power and steel, among others.
The return of Narendra Modi-led NDA government at the Centre has boosted market sentiments, helping PSU stocks and PSU-themed mutual funds clock significant gains. Take a look at the following 6 PSU mutual funds that have yielded more than 10% returns for investors since June 4. Data is sourced from Groww and Value Research.
Quant PSU Fund – Direct Plan – Growth
Quant PSU Fund – Direct Plan – Growth is a plan that seeks to generate long-term capital appreciation by investing mainly in equity and equity-related securities of PSUs. The scheme is benchmarked against BSE PSU – TRI.
Quant PSU Fund – Direct Plan – Growth has given 12.72% return to investors in the last 10 days. Its NAV was Rs 10.45 on June 4 and has risen to Rs 11.78 on June 14.
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Aditya Birla Sun Life PSU Equity Fund – Direct Plan
The mutual fund scheme looks to give long-term capital appreciation by investing in equity and equity-related instruments of PSUs. The scheme is benchmarked against BSE PSU – TRI.
The fund has grown 11.30% over the last 10 days, from NAV of Rs 34.14 on June 4 to Rs 38 on June 14.
Invesco India PSU Equity Fund – Direct Plan – Growth
Invesco India PSU Equity Fund – Direct Plan – Growth plan invests in equity and equity-related instruments of companies where the Central / State Government(s) has majority shareholding or management control. The scheme is benchmarked against BSE PSU – TRI.
The fund’s NAV has grown by 11.23% from Rs 69.54 on June 5 to Rs 77.35 on June 14.
SBI PSU Fund – Direct Plan
SBI PSU Fund – Direct Plan aims long-term growth through an active management of investments in a diversified basket of equity stocks of domestic PSUs and in debt and money-market instruments issued by PSUs and others. The performance of the scheme is benchmarked against BSE PSU – TRI.
SBI PSU Fund – Direct Plan has grown by 10.65% in the last 10 days. Its NAV stood at Rs 32.19 on June 4 and was at Rs 35.62 on June 14, 2024.
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CPSE ETF
The CPSE ETF is a passive investment fund with no lock-in period that was created to help the Government of India in its initiative to dis-invest some of its stake in selected CPSEs through the innovative ETF route. The ETF is based on Nifty CPSE index and includes 11 listed CPSEs. It is benchmarked against Nifty CPSE – TRI.
The fund has grown by over 10% in the last 10 days, from an NAV of Rs 85.33 on June 5 to Rs 93.89 on June 14.
ICICI Prudential PSU Equity Fund – Direct Plan – Growth
ICICI Prudential PSU Equity Fund – Direct Plan – Growth seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of PSUs. The scheme is benchmarked against BSE PSU – TRI.
The fund has recorded a growth of 9.97% in the last days. The NAV of the fund was Rs 19.65 on June 4, which has grown to Rs 21.61 on June 14.
Disclaimer: The above content is for informational purposes only. Mutual Fund investments are subject to market risks. Readers are advised to consult qualified financial advisors before making any investment decision.
