CPSE ETFthe largest PSU fund in terms of assets under management, generated a return of 106.52% in one year. The scheme had an AUM of Rs 46,793 crore as of July 2024.
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The oldest PSU equity fund, Invesco India PSU Equity Fund, ranked second in the performance chart and returned 82.36% in the same period. ICICI Prudential PSU equity fund posted a return of around 81.20% in the same period.
Aditya Birla Sun Life PSU Equity Fund and SBI PSU Fund gave a return of 77.11% and 75.95% respectively in the same time period.
Thematic PSU funds are benchmarked against Nifty CPSE – TRI and BSE PSU – TRI. These benchmarks have risen by 107.13% and 92.56% respectively in the last one year.
Over the past nine months, these funds have delivered an average return of around 60.60% and each of them has delivered a return of over 50%. The CPSE ETF has delivered the highest return. The largest fund has delivered a return of 73.13% over the past nine-month period.
Invesco India PSU Equity Fund returned 61.06% in the last nine months, followed by OSE The PSU fund, which returned 59.40 per cent in the same period, and ICICI Pru PSU Equity Fund and Aditya Birla SL PSU Equity Fund returned 57.39 per cent and 52.04 per cent respectively in the said period.
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The performance of these funds has been the lowest on the performance chart in the last three months, when the schemes gave an average return of 0.76%, with three schemes giving negative returns. CPSE ETF gave the highest return of around 4.18%, followed by Quantitative PSU Fund which returned 2.92%. ICICI Pru PSU Equity Fund returned 1.55% in the same period.
Invesco India PSU Equity Fund lost around 2.21% in the last three months. Aditya Birla SL PSU Equity Fund and SBI PSU Equity Fund returned around 1.64% and 0.24% respectively in the same period.
PSU funds These are thematic funds that invest in the stocks of public sector undertakings or PSUs. These companies are owned by the government and are therefore influenced by government policies in the sectors in which they operate.
You should only invest in these schemes if you have a long-term investment horizon or have in-depth knowledge of the sector to be able to time your entry and exit from these schemes. Remember that every sector or theme can go out of fashion depending on the economic conditions. You should not take hasty decisions in such phases.
(Disclaimer:The recommendations, suggestions, views and opinions of the experts are their own and do not represent the views of The Economic Times.
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