New Delhi: Wealth creation is a journey which requires constant assessment and rebalancing. In this journey, one needs to diversity investments to draw the maximum returns across asset classes. mutual fund investments have emerged as a dependable category for wealth creation by instilling discipline among investors and also growing their money through investment in debt and equity. Now, it is important to choose your mutual fund investments wisely based on past returns as well as the future glide path. According to Dr. Ravi R Kumar, stock market investor, economist and CEO of Know The Pulse, PSU thematic mutual funds have garnered strong returns even reaching up to 100 per cent.
These returns have been made possible by the advancement of public sector undertakings (PSUs) that are government-owned entities. Under the current government, PSU stocks have also outperformed the benchmark indices with the Centre’s push for greater industrial production in India, The PSU sector “is expected to soar even higher after the election,” said Ravi Kumar. Moreover, 5 PSU funds that came into existence last year have registered average returns of 104.38 per cent in the last 1 year.
Ravi Kumar suggests three PSU mutual funds that you can invest in:
SBI PSU fund
Aditya Birla SL PSU
Invesco India
ICICI Pru PSU Equity Fund
How have these PSU funds performed
Overall, these funds have provided returns to the tune of 44.61 per cent, according to data shared by Ravi R. Kumar. Check fund returns over the past year:
SBI PSU Fund has provided returns to the tune of 107.66 per cent.
Invesco India PSU Equity Fund offered 104.42 per cent returns
Aditya Birla SL PSU Equity Fund provided 100.17 per cent returns
The ICICI Pru PSU Equity Fund has provided 88.49 per cent returns
PSU fund returns over 5 years
Going deeper into the PSU thematic fund space, Kumar stated that over a 5-year time frame, the returns from these funds averaged 28.04 per cent. Three schemes that have completed 5 years in the market are:
Invesco India PSU Equity Fund which has returned 30.30 per cent gains
CPSE ETF which offered 27.88 per cent returns
SBI PSU Fund which has returned 25.92 per cent gains
(Disclaimer: This article is only meant for information purposes. News9 does not advise or suggest investment in IPOs, NFOs, stocks, mutual funds or any other asset classes.)
Thematic investment has gained traction, with PSU thematic funds giving over 100 per cent returns in just 1 year backed by the government’s infrastructure push. SBI PSU fund, Aditya Birla SL PSU, and Invesco India have provided over 100 per cent gains in the past year, according to data shared by Kow The Pulse CEO Ravi R Kumar. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
