Top PSU Stocks: A tremendous upward trend has been seen in government shares in recent times. Mutual fund schemes have also taken full advantage of this. Due to this, the holding of mutual funds in government companies has reached 7.58 percent. This is the largest figure till date for funds’ stake in government companies. Till a year ago, mutual funds’ stake in PSUs was 5.72 percent.
Which shares did you buy?
Moneycontrol in its report quoting Prime Database said that the first choice of mutual funds has been SBI, NTPC, Coal India, Power Grid, Power Finance Corporation and REC. Maximum 105.88 crore shares of SBI have been purchased by mutual funds. After this, 179 crore shares of NTPC, 65.05 crore shares of Coal India, 97.13 crore shares of Power Grid and 91.20 crore shares of ONGC have been purchased by these funds.
How many mutual funds have invested in government shares?
According to the data, till January, 769 schemes of 41 mutual funds have invested in government companies. Till a year ago, this figure was limited to 692 schemes and 37 mutual funds. In January 2018, mutual funds had invested in about 45 government companies, but now this figure has reached 71.
Bumper rise in government shares
In the last one year, there has been a bumper rally in government shares. In the last one year, the largest government company LIC has contributed 74 percent, SBI 45 percent, ONGC 78 percent, NTPC 105 percent, Coal India 104 percent, Indian All Corporation 132 percent, Power Grid 78 percent, IRFC has given a return of 456 percent, HAL has given a return of 132 percent and PFC has given a return of 261 percent.
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