New Delhi: As crores of people are aggressively investing in Mutual Fund SIP or lump sum schemes, economist and stock market expert Sharad Kohli recommended four Public Sector Undertakings (PSUs) Mutual Funds which people can choose to pump in their hard-earned money for long term returns. “PSU’s have been grabbing a lot of attention although some of the PSUs are on the higher side but if the investors want to choose the PSU funds, it is better to go through the Mutual Fund route,” Kohli told News9.
PSU Mutual Funds to invest in
Aditya Birla Sunlife PSU Equity Fund Growth
Kohli recommended investors to opt for a SIP plan of Aditya Birla Sunlife PSU Equity Fund Growth to expect good returns in the future. The Equity Fund is an open ended equity scheme following PSU theme with the investment objective of the scheme to provide long term capital appreciation by investing in equity and equity related instruments of PSUs. NAV growth on July 2, 2024 stood at Rs 35.2500 Dhaval Joshi and Dhaval Gala are the fund managers.
State Bank of India, NTPC, Oil & Natural Gas Corporation Ltd, Power Grid Corporation Of India, Bank Of Baroda, Coal India Ltd, GAIL, Bharat Electronics Ltd, Bank of India, NMDC Indian Renewable Energy Development Agency, Hindustan Aeronautics Ltd, Bharat Heavy Electricals Ltd, Life Insurance Corporation of India, Container Corporation Of India, Punjab National Bank, Power Finance Corporation, Indian Oil Corporation, Bharat Petroleum Corporation NLC India and more.
ICICI Prudential PSU Equity Fund Direct Growth
The economist and market expert recommended ICICI Prudential PSU Equity Fund Direct Growth for people looking to invest in PSUs for long term gains. Net Asset Value as on July 2, 2024 – Rs 21.6. The fund has the majority of its investment in domestic equities (87.49 per cent), out of which 60.62 per cent investment is in Large Cap stocks, 15.22 per cent is in Mid Cap stocks, and 5.53 per cent in Small Cap stocks.
Stocks to invest in for long term
Top Stocks in the fund’s portfolio – State Bank Of India, National Thermal Power Corporation, Oil & Natural Gas Corporation, Coal India, Hindustan Petroleum Corporation, Bharat Electronics Ltd, Life Insurance Corporation Of India.
SBI PSU direct plan growth
The Net Asset Value of the SBI PSU Fund – Direct Plan as of July 02, 2024 stood at Rs 35.66. The fund has Assets under Management worth Rs 3071.3 crore as on May 31, 2024. Stocks in the portfolio include – SBI, Power Grid, NTPC, Coal India, Housing & Urban Development Corporation, REC, Hindustan Copper, Steel Authority Of India, Hindustan Petroleum Corporation, HAL and others.
Invesco India infrastructure fund
The NAV was recorded at Rs 67.58 as on July 2, 2024. The fund has Assets under Management worth Rs 1,470 crore as on May 31, 2024. The fund has a total investment of 98.12% investment in domestic equities. Here is the breakup – 30.48% in Large Cap stocks, 22.91% in Mid Cap, and 21.89% in Small Cap.
Top holdings include, Power Grid Corporation Of India, Larsen & Toubro, Bharat Electronics, NTPC and more. Crisil has given 5 star rating to the fund.
Economist and stock market expert Sharad Kohli recommended four PSU Mutual Funds to invest in – Aditya Birla Sunlife PSU Equity Fund Growth, ICICI Prudential PSU Equity Fund Direct Growth, SBI PSU direct plan growth, and Invesco India infrastructure fund. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
