PSU MFs outshine with up to 99% return in 1 year! Will Budget turbocharge your wealth?
mutual funds have offered up to 99% return in the last one year. These funds gave an average return of 95.68% in the similar time horizon.
SBI PSU Fund, the topper in the category, offered 99.87% return in the last one year. Invesco India PSU Equity Fund offered 97.70% return in the said period. The scheme is the oldest scheme in the category.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-111853534»>Aditya Birla Sun Life PSU Equity Fund offered 94.74% return in the last one year, followed by ICICI Prudential PSU Equity Fund which gave 90.43% return in the similar time horizon.
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More NewsWhat factors have helped PSU theme based mutual funds deliver this performance? Should one make allocation in these funds at the current point of time?
“PSU funds did not perform well until 2022. Most sectors have done very well in 2024; therefore, considering their lower base earlier, the returns in PSU funds were outstanding,” said Rajesh Minocha, a Certified Financial Planner (CFP), Founder of Financial Radiance.
An analyst believes that performance of PSUs funds can be attributed to several factors. These funds have demonstrated improved financials due to rising commodity prices, which have boosted
