Over 10% return in 10 days: THESE PSU mutual funds skyrocket riding on Modi 3.0
PSU Mutual Funds: PSU mutual funds have surged over 10% since June 4, the day Lok Sabha election results were announced. PSU mutual funds fall within the thematic equity mutual fund category. Thematic funds are equity mutual funds that invest into stocks connected to a particular theme. These funds’ investment patterns are unified by a central idea. For example, an infrastructure theme fund might invest in sectors such as cement, power and steel, among others.
The return of Narendra Modi-led NDA government at the Centre has boosted market sentiments, helping PSU stocks and PSU-themed mutual funds clock significant gains. Take a look at the following 6 PSU mutual funds that have yielded more than 10% returns for investors since June 4. Data is sourced from Groww and Value Research.
Quant PSU Fund – Direct Plan – Growth is a plan that seeks to generate long-term capital appreciation by investing mainly in equity and equity-related securities of PSUs. The scheme is benchmarked against BSE PSU – TRI.
Quant PSU Fund – Direct Plan – Growth has given 12.72% return to investors in the last 10 days. Its NAV was Rs 10.45 on June 4 and has risen to Rs 11.78 on June 14.
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The mutual fund scheme looks to give long-term capital appreciation by investing in equity and equity-related instruments of PSUs. The scheme is benchmarked against BSE PSU – TRI.
The fund has grown 11.30% over the last 10 days, from NAV of Rs 34.14 on June 4 to Rs 38 on June 14.
Invesco India PSU Equity Fund – Direct Plan – Growth plan invests in equity and equity-related instruments of companies where the Central / State Government(s) has majority shareholding or
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