Top 4 PSU Mutual Funds Deliver Impressive Returns Over 3 Years
Top 4 PSU Mutual Funds Deliver Impressive Returns Over 3 Years: Often, new investors and relatively inexperienced investors look for top mutual funds to invest in. They ask their friends or colleagues or look at some mutual fund forums to find the best funds.
Most of them, however, are not satisfied with the answers they receive from the internet or from friends for a variety of reasons.
Among all mutual funds, equity thematic PSU funds have performed well in the one, three, and five year periods.
Based on Value Research data, the category has returned 94.66 percent in one year, 45.87 percent in three years, and 45.87 percent in five years.
Due to the meteoric rise in PSU stocks, some PSU mutual funds have made outstanding returns over the past three years.
Top 4 PSU Mutual Funds Deliver Impressive Returns Over 3 Years
Here’s a list of the 4 top thematic PSU mutual funds over the last 3 years based on Value Research and what they have given in terms of SIP in today’s time.
CPSE ETF
Over the past three years, the top PSU fund in the category has returned 65.60 percent.
Assets under management (AUM) of the fund from Nippon India are Rs 36231.32 crore.
Under its direct plan, the net asset value (NAV) is Rs 88.4613.
Ninety-nine percent of the fund’s investments are in domestic equities, of which 74.34 percent are in large-cap stocks.
Against the category average of 44.01, it holds just 11 stocks.
Its portfolio includes National Thermal Corporation of India (NTPC), Power Grid Corporation of India, ONGC, and Coal India.
Investing Rs 5,000 per month for three years (36 months) has yielded Rs 5,58,943 (Rs 5.60 lakh).
As of April 2024, CPSE ETF’s net asset value (NAV) is 88.02, and its expense ratio is 0.05%.
ABSL PSU Equity Direct
Over the last three years, the fund at No. 2 has generated 57.95 annualised returns.
Compared to S&P BSE PSU TRI, the fund has an AUM of Rs 3,403.63 crore and a NAV of Rs 37.39.
A total of 94.39 percent of the fund’s investments are in domestic equities, with 57.47 percent in large-cap stocks.
There is a 0.52 percent expense ratio for the fund.
In its portfolio, SBI, ONGC, NTPC, and Coal India are the top stocks.
In three years, a Rs 5,000 SIP has generated Rs 4,84,301.
SBI PSU Fund Growth
SBI’s PSU mutual fund has returned 56.98% over three years.
Compared to S&P BSE PSU TRI, the fund has an AUM of Rs 1,875.84 and a NAV of Rs 34.5914.
91.05 percent of the fund’s investments are in domestic equities, with 39.26 percent in large caps.
There are 23 stocks in the fund’s portfolio, with SBI, Power Grid, NTPC, and ONGC leading the pack.
The fund has given Rs 4,75,666 to a Rs 5,000 SIP over three years.
Invesco India PSU Equity Direct
In the past three years, No. 4 has returned 52.87 percent.
As measured against S&P BSE PSU TRI, the fund’s AUM at present is Rs 858.92 crore, while its NAV is Rs 70.58.
95.28 percent of the fund’s investments are in domestic equities, with small caps comprising 20.21 percent.
Among the 22 stocks in the fund, Bharat Electronics, NTPC, SBI and Hindustan Aeronautics Limited are its main stocks. A Rs 5,000 SIP in the fund has returned Rs 3,65,373.
Also Read: ELSS Mutual Funds Deliver Impressive Returns: Rs 10,000 SIP Generates Rs 6.20 Lakh in 3 Years