As PSU thematic mutual funds sink; these are top 5 losers

India's leading indices have slid badly in the last one week, leaving their impact on the performance of mutual funds, majority of which have fared poorly. Nifty 50 is down by 1.54 per cent in the last one week; BSE Sensex by 1.38 per cent, Nifty Midcap 100 by 4.22 per cent, Nifty Smallcap 100 by 5.86 per cent; and BSE PSU Index by 6.83 per cent. As leading Indian indices lost steam, mutual funds also suffered a heavy blow in the one week. 

Among all the categories and themes of mutual funds, thematic PSU equity mutual funds are the worst sufferers.

In the one week, they have slipped by 8.22 per cent (As per Value Research data as on March 14, 2024).

What is interesting, that the same category is also the biggest gainer in the last one year at 79.53 per cent.

Among other loser categories, small caps have slipped by 6.94 per cent, while infrastructural sectoral mutual funds have slipped by 5.92 per cent in the same duration.

Even as PSU mutual funds slipped by 5.47 per cent on Thursday (March 14, 2024), here's are the top 5 losers from the same category.

SBI PSU Fund

The fund has slipped by 9.77 per cent in the last one week.

Just on Wednesday, it fell by 6.36 per cent.

The fund's Assets Under Management (AUM) as on March 13 stood at Rs 1762.63 crore, while its net asset value (NAV) under its direct plan is worth Rs 28.96.

The fund has 93.30 per cent of its investments in equities.

It has a bunch of 24 stocks compared to the category average of 39.47.

The leading stocks in its portfolio are SBI, NTPC and Power Grid.

The fund's benchmark is S&P BSE PSU TRI.      

CPSE ETF 

The fund from Nippon India Mutual Fund House has slipped by 9.71 per cent in the last week.

The fund's AUM as of March 13 stood at Rs 36337.22 crore, while its NAV is worth Rs 75.76.

The fund is benchmarked against Nifty CPSE TRI. 

ABSL PSU Direct

The mutual fund from Aditya Birla Sun Life has slid by 8.37 per cent in the last week.

The fund's gains in the one year are 84.62 per cent.

Its AUM is currently at Rs 3329.97 crore, while the size of its NAV is Rs 32.53.

The fund has 90.96 per cent of its investments in equities with major chunk in large caps at 52.98 per cent.

The fund's benchmark is S&P BSE PSU TRI.

It holds a portfolio of 45 stocks with ONGC, NTPC and SBI as the leading ones.

Invesco India PSU Equity Fund

The fund's fall in the last week is 8.15 per cent.

Benchmarked against S&P BSE PSU TRI, the fund's AUM is Rs 842.37 crore.

Its NAV size is Rs 66.77.

The high-risk fund has 98.28 per cent of its investment in equities with 60.06 per cent of them in large caps.

The fund has a bouquet of 22 stocks.

The leading stocks in its portfolio are BEL, NTPC and SBI.  

ICICI Prudential PSU Equity 

The mutual fund at No. 5 is ICICI Prudential PSU Equity, which has fallen by 7.15 per cent in the last week.

It holds a fund size of Rs 2396.74 crore, while its NAV is worth Rs 18.26.

Benchmarked against S&P BSE PSU TRI, the fund has 85.31 per cent of its investments in equities with major chunk going into largecaps at 58.59 per cent.

It has 28 stocks under its portfolio with leading ones being SBI, NTPC and Power Grid.