Top Performing PSU Mutual Funds

PSU mutual funds have been the talk of the town in the past year, with some schemes generating eye-popping returns of up to 88%. This stellar performance marks a significant turnaround for the sector. Let’s delve deeper into the factors driving this growth, and explore how these funds have stacked up against benchmarks.

Data as of July 23, 2024.

Invesco India PSU Equity Fund

Invesco India PSU Equity Fund, managed by Invesco Mutual Fund, is an equity fund in the thematic-PSU category, launched on November 18, 2009. It tracks the BSE PSU index and has a Total Expense Ratio (TER) of 2.15% as of June 30, 2024. The fund is open-ended with a minimum investment and top-up amount of Rs 1,000 each.

As of June 30, 2024, the fund’s total assets are Rs 1,355.17 crore, with a turnover rate of 43%. There is an exit load of 1% for redemptions within one year if the units exceed 10% of the investment. The Net Asset Value (NAV) on July 22, 2024, is Rs 68.61. Since its inception, the fund has achieved a Compound Annual Growth Rate (CAGR) of 14.01%, compared to its benchmark’s 12.87%.

SBI PSU Fund

The SBI PSU Fund is an equity mutual fund from SBI Mutual Fund, launched on 07-07-2010. It focuses on public sector undertakings (PSUs) and follows the BSE PSU benchmark. The fund has a total asset size of Rs 3,699.55 crore as of 30-06-2024, with a turnover rate of 39% and a total expense ratio (TER) of 1.92%.

The minimum investment required is Rs 5,000, and the minimum top-up amount is Rs 1,000. The exit load is 0.50% if redeemed within 30 days. As of 22-07-2024, the fund’s NAV is Rs 33.9183. Since its inception, the fund has achieved a CAGR of 9.08%, compared to its benchmark’s 12.87%.

Aditya Birla Sun Life PSU Equity Fund

Aditya Birla Sun Life PSU Equity Fund is an equity thematic-PSU fund managed by Aditya Birla Sun Life Mutual Fund. Launched on December 30, 2019, it invests in public sector undertakings (PSUs) and follows the BSE PSU benchmark. As of May 31, 2024, the fund’s total expense ratio (TER) is 1.82%.

The fund remains open-ended with a minimum investment and top-up requirement of Rs. 500. By June 30, 2024, it managed assets worth Rs 5,114.33 crore and had a turnover rate of 48%. It has an exit load of 1% if redeemed within 30 days. The net asset value (NAV) on July 22, 2024, was Rs. 36.23. Since its inception, the fund has achieved a compound annual growth rate (CAGR) of 32.48%, outperforming its benchmark which has a CAGR of 12.87%.

Prudential PSU Equity Fund

The ICICI Prudential PSU Equity Fund is an equity mutual fund under the thematic PSU category, managed by ICICI Prudential Mutual Fund. Launched on September 9, 2022, it follows the BSE PSU benchmark and has a total expense ratio of 1.97% as of June 30, 2024.

The fund is open-ended with a minimum investment of Rs. 5,000 and a minimum top-up of Rs. 1,000. As of June 30, 2024, the fund’s total assets are Rs. 2,649.46 crore, with a turnover of 70%. An exit load of 1% applies if redeemed within one month from the date of allotment. As of July 22, 2024, the NAV is Rs. 21.91. Since inception, the fund’s CAGR is 52.46%, compared to its benchmark’s 12.87%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.