SBI Mutual Funds: Recovery has started in the stock market after a period of decline that lasted for about one and a half months. Due to this prolonged decline in the market, mutual fund portfolios were also adversely affected. However, some mutual fund schemes had given good returns even before the fall. Due to which there was undoubtedly a decline in returns but it did not have a very bad impact. Today we are going to tell you about one such mutual scheme of SBI, which has given a strong return of 49.89 percent in the last 1 year even amidst this terrible decline.
PSU fund benchmark has given returns of 50.42 percent in the last 1 year
According to AMFI data, SBI PSU Fund’s Direct Plan has given a return of 49.89 percent in the last 1 year. Whereas the regular plan of this mutual fund scheme has given a return of 48.20 percent. However, the PSU fund benchmark has given a return of 50.42 percent during this period. Let us tell you that PSU funds category has given more than 40 percent returns in the last one year. This simply means that all the funds included in this category have given more than 40 percent returns in the last one year. Daily AUM of SBI PSU Fund is Rs 4761.46 crore. The current NAV of the regular plan of this SBI fund is Rs 32.6016 and the current NAV of the direct plan is Rs 35.6631.
In which companies does SBI’s PSU fund invest money?
Talking about the last 3 years, this fund has given returns of 38.95 percent, 26.86 percent in the last 5 years, 13.10 percent in the last 10 years and 8.61 percent since its launch. Let us tell you that in this fund of SBI, investments are made only in shares of government companies. Among the holding companies of this fund, names of companies like State Bank of India, Power Grid, GAIL, Bharat Electronics, Bharat Petroleum, NTPC, NMDC, Bank of Baroda, Petronet LNG, General Insurance Corporation are prominent.
