Top 5 banking & PSU debt mutual funds with 1-yr returns & who should invest
financial institutions and public sector undertakings. It is suitable for those investors who have a lower risk appetite and want to earn returns which are higher than bank fixed deposits or those from savings bank accounts.
There are currently 23 active banking & PSU banks with net assets under management (AUM) at Rs 80,730 crore as of April 30, 2024 according to data released by Association of Mutual Funds in India (Amfi).
Over the last 12 months, average returns given by this category is 6.43%. The top five funds in this category are ICICI Pru Banking & PSU Debt Fund(G), ICICI Pru Banking & PSU Debt Fund(G), HDFC Banking and PSU Debt Fund-Reg(G), ITI Banking & PSU Debt Fund-Reg(G) and Franklin India Banking & PSU Debt Fund(G). These funds have outperformed the benchmark Crisil 10 Yr Gilt Index which has delivered 6.26%.
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
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-110077155»> X ETStories you might be interested in
Subscribe to ourET Investment Opportunities Read more on economictimes.indiatimes.com
