Thematic PSU mutual funds are the best performers in 1, 3, and 5 years (As per Value Research data as of Feb 14, 2024)
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Their returns in the 1, 3, and 5 years have been 91.46%, 43.98%, and 28.08%, respectively.
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The reason behind this growth is that PSU stocks have been performing well for over a year.
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Here is the list of PSU funds with over 85% returns in 1 year.
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CPSE ETF The fund from Nippon India at the top has given 105.20% returns in a year. Assets Under Management (AUM) for the fund are Rs 33634.60 crore. The NAV for the top-ranker's direct plan is Rs 78.38.
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ABSL PSU Equity Fund The fund from Aditya Birla Group is in 2nd spot with 97.06% returns. The fund's AUM is Rs 2678.68 crore. The NAV under its direct plan is worth Rs 31.92.
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SBI PSU Direct The mutual fund from India's largest public lender has given returns of 92.12% in the 1 year. The fund size for the SBI fund is Rs 1432.29 crore. Its NAV stands at Rs 30.98 as of February 14.
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ICICI Pru PSU Equity Fund The fund from the house of ICICI has given returns of 86.74%. The AUM for this fund is Rs 2136.41 crore. The NAV size for it is Rs 18.87.
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Invesco India PSU Equity The fund from Invesco has given 86.30% returns in the 1 year. The fund's AUM stands at Rs 775.11 crore. The NAV for the fund is Rs 54.40.
Well, look no further.
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