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SBI PSU Fund

The SBI Mutual Fund Trustee Company Private Limited was founded as a Trust under the provisions of the Indian Trust Act, 1882. The company is registered with the Securities and Exchange Board of India (SEBI) which is the regulator of the funds in India. The State Bank of India and Amundi, a European asset management company have come into a joint venture to establish SBI Mutual Fund. The main headquarters of the SBI Mutual Fund, which is also India’s largest bank sponsored mutual fund, is in the financial capital of India, Mumbai. SBI Mutual fund has to its credit the first bank-sponsored fund which launched an offshore fund, Resurgent India Opportunity Fund. Today, SBI Mutual Fund has added more than 222 points of acceptance in India and more than 57,000 AMFI agents.

The main aim of the company is the delivery value and to earn the trust of its esteemed investors. With a large customer base of more than 5.4 million investors, the SBI Mutual Fund has become one of the biggest mutual fund houses in the country. SBI Mutual Fund provides a wide range of investment solutions which gives investors the opportunity to cover across different risk profiles. SBI Mutual fund offers mutual fund across a wide variety of categories including tax-saving, debt, hybrid equity, and fund-of-funds.

The SBI PSU fund was launched on July 7, 2010. It is an open-ended equity scheme and has a high-risk label attached to it. The fund is managed by Mr. Richard D'Souza since August 2014 and the current fund manager has a total experience of 26 years. The primary aim of the SBI PSU scheme is to invest in PSU/PSU subsidiaries. The AUM (Assets Under Management) of the SBI PSU fund as of 28th February 2019 was INR 149.9 Crores. The NAV as of 29th March 2019 of the SBI PSU Fund is INR 10.50. The standard deviation of the fund is recorded at 16.89%. The minimum initial investment required in the fund is INR 5,000. The fund is available for purchase through a digital platform like the official website of the company, partner channels. The investor can also invest in the fund through an offline channel such as branch office of SBI mutual fund, State Bank of India branches, etc.

Investment Objective of SBI PSU Fund

SBI PSU Fund’s aim is to give its investors opportunities for long-term capital growth along with the benefit of liquidity of an open-ended scheme through a dynamic management of investments in a varied basket of equity stocks of domestic Public Sector Undertakings (and their subsidiaries) and in money market and debt instruments issued by PSUs and others.

Fund Performance SBI PSU Fund

AUM (as 28th Feb, 2019)NAV (as of 29th March 2019
INR 149.9 Crore
  • SBI PSU Regular Growth Fund = 10.5038
  • SBI PSU Regular Dividend Fund = 10.5025
  • SBI PSU Direct Growth Fund = 10.8972
  • SBI PSU Direct Dividend Fund =10.8775
  • Returns and benchmark comparison

    DateSBI PSU FundS&P BSE PSU
    Since Inception 0.92%-1.46%
    5 year6.62%7.16%
    3 year7.25%10.23%
    1 year- 21.06%-16.91%

    Expenses

    Slab RatesSBI PSU Fund expenses as a % of daily net assets
    First INR 100 crores2.50%
    Next INR 300 crores2.25%
    Next INR 300 crores2.00%
    Balance Assets1.75%

    Portfolio - SBI PSU Fund

    Stock Name(%) Of Total AUM
    CASH, CASH EQUIVALENTS AND OTHERS11.48
    STATE BANK OF INDIA9.5
    OIL & NATURAL GAS CORPORATION LTD9.5
    NTPC LTD.6.79
    POWER GRID CORPORATION OF INDIA LTD.6.65
    INDRAPRASTHA GAS LTD.5.86
    RITES LTD.4.42
    NATIONAL ALUMINIUM COMPANY LTD.4.25
    BANK OF BARODA3.95
    GARDEN REACH SHIPBUILDERS & ENGINEERS LTD.3.83
    PUNJAB NATIONAL BANK3.81
    BHARAT HEAVY ELECTRICALS LTD.3.72
    HINDUSTAN PETROLEUM CORPORATION LTD.3.27
    NDIAN OIL CORPORATION LTD3.27
    CANARA BANK3.09
    COCHIN SHIPYARD LTD.3.01
    BHARAT ELECTRONICS LTD.2.75
    OIL INDIA LTD.2.7
    THE NEW INDIA ASSURANCE COMPANY LTD.2.42
    CONTAINER CORPORATION OF INDIA LTD.2.15
    GAIL (INDIA) LTD.1.6
    Grand Total100.00%

    SBI PSU Fund-Growth: Comparative Analysis

    YTD1-Month3-Month1-Year3-Year5-YEAR10-Year
    Fund6.8713.816.87-5.198.096.27-
    S & P BSE PSU TRI7.5714.397.570.19116.91-
    Category8.1412.858.14-2.810.299.65-
    Rank within Category212332-
    Number of funds in category333332-

    Historical NAV - SBI PSU Fund

    SchemeNAVAs onChange from previous52 week highAs on52 week lowAs on
    SBI PSU Growth10.5March 29, 20190.6811.46April10,20188.8Feb 18,2019
    SBI PSU Dividend10.5March 29, 20190.6811.45April10,20188.8Feb 18,2019

    How to Apply for SBI PSU Fund

    The investor can apply for SBI PSU fund online through the official website www.sbimf.com or other digital platforms like investment comparison websites. The investor also has the option to call the customer service advisor of SBI online banking and he/she will guide the investor on the detail online application process. There is a ‘receive assistance’ tab on the right-hand corner of the website which the investor can click and it will open an online form of contact details of the investor. The investor has to fill the contact form and the relevant advisor person will get in touch with the investor.

    Online Mutual Fund Portal – The investor just needs to do the KYC process and register his/her email to generate the login id and password. On the online platform, the investor can also keep track of the fund’s performance and keep a check on NAV over a period of time. The investor can also use the benefit of online chat service of the company for any assistance for applying or during the investment period. Digital online platform also lets you keep track on the funds’ performance by letting you create watch lists of your selected funds and alert notifications.

    Alternatively, the investor can also walk into any of the SBI (State Bank of India) branch and fill the KYC forms. Post this, the bank representative will guide on how to apply for SBI PSU fund at the branch. The investor can get in touch with the bank through a dedicated toll-free number or also send an SMS to show his/her interest in investing in the SBI PSU fund. All the contact details are readily available on the official website of SBI Mutual fund.

    Offline process of investment steps

    • Step 1: Get in touch with a representative of SBI Mutual Fund or distributor of SBI Mutual Fund.
    • Step 2: Get an application and KYC form from the website or any branch of SBI Mutual Fund or registered office of the distributor.
    • Step 3: Fill the following details on the application form, giving required information, Name, residential address, PAN details, email address, phone number, etc.
    • Step 4: Attach the relevant document copies and submit the same with a cheque or demand draft of the preferred investment amount.
    • Step 5: Submit the signed application, with the cheque and all appropriate documents, to any of the SBI Mutual Fund branches.
    • Step 6: Post submission of the document, SBI Mutual Fund will allocate and provide a folio number for that specific investment. The investor will also get an Account Statement, once the transaction has been processed.

    Top 10 holdings for the SBI PSU Fund

    Investment of stock done inIndustryValue in (Cr)Percentage of Total Holdings1 Month Change1 Year Highest Holding1 Year Lowest HoldingQTY
    State Bank Of IndiaBanks166.111.09%0.69%11.78% (Jan 2019)6.73% (Apr 2018)6.18 L
    Oil & Natural Gas Corporation Ltd.Oil extraction142.38.14(22M)0.18%9.68% (Jan 2019)5.63% (Nov 2018)9.57 L
    National Thermal Power Corporation Ltd.Power101.76.79%0.25%7.49% (Sep 2018)6.25% (Jul 2018)7.20 L
    Power Grid Corporation of India Ltd.Power- transmission99.76.65%0.03%6.68% (Jan 2019)5.57% (Jul 2018)5.45 L
    Indraprastha Gas Ltd.Lpg/cng/png/lng supplier87.85.86%0.33%5.86% (Feb 2019)4.31% (May 2018)3.00 L
    National Aluminium Co. Ltd.Aluminium63.74.25%0.63%5.74% (Apr 2018)4.25% (Feb 2019)12.61 L
    Bank Of BarodaBanks59.23.95%0.33%5.04% (Jul 2018)3.64% (Sep 2018)5.86 L
    Garden Reach Shipbuilders and Engineers Ltd.Defense57.43.83%0.14%4.32% (Nov 2018)0% (Mar 2018)6.73 L
    Punjab National BankBanks57.13.81%0.17%4% (Mar 2018)2.94% (Sep 2018)7.90 L
    RITES Ltd.Engineering, designing, construction66.24.42%0.03%4.78% (Nov 20180% (Mar 2018)2.81 L

    Documents Required for SBI PSU Fund

    The applicant has to first do a KYC which has been made necessary for all the fund houses. The KYC needs to be done only once and then the same KYC can be used for all other investments, if the investor is using a digital platform for investing.

    KYC verification is a very simple process. It can be done by

    1. An OTP which will be sent to the Aadhaar-registered mobile number
    1. Uploading photos or scanned copy of the required documents (as mentioned below)

    Documents required list

    ID Proofs: The applicant can submit a photocopy of PAN Card, Aadhaar Card, Passport Voter ID or Driving License. Central government approved NREGA job card documents will also be accepted.

    Residential proofs: The applicant can submit the same ID proof (except PAN) if the address mentioned on it is your present residential address. Rental agreement or lease agreement, most updated utility bill and ration card can also serve the purpose. If the permanent address and correspondence address is different, then submit proof of residence for both and mention the same.

    FAQs on SBI PSU Fund

    Can I buy SBI PSU Fund through Demat account?

    Yes, it is possible to buy SBI PSU fund through the Demat account. It is also recommended to buy through Demat account as the investor is able to view his/her investment portfolio at one place.

    Can I increase my investment amount in SBI PSU Fund?

    Yes, you can increase your investment amount in SBI PSU fund. If you are paying through SIP, then it is best to just start a new SIP.

    Does SBI offer other Open-ended equity funds?

    Yes, SBI offers open-ended equity funds. Some of the names of the open-ended equity funds offered by SBI are mentioned below. The funds come with different risk labels like low, moderately low, moderate, moderately high and high.

    • SBI PSU Fund
    • SBI Focused Equity Fund
    • SBI Contra Fund
    • SBI Small Cap Fund
    • SBI Magnum Taxgain Scheme
    • SBI Magnum Midcap Fund
    • SBI Consumption Opportunities Fund
    • SBI Healthcare Opportunities Fund
    • SBI Magnum Global Fund

    What is the difference between the direct fund and regular fund?

    Any mutual fund scheme that allows the investor to invest directly with the Asset Management Company (AMC) is called the Direct Plan of that scheme. There is no broker or a distributor involved in a direct plan. As per rules and regulations issued by the SEBI (Securities and Exchange Board of India), as a mandate, all mutual fund schemes have to offer the direct plan option to its investors/applicants. On the other hand, enrolment in a Regular Plan involves an agent/broker/distributor and therefore, the expense ratio for a regular plan is slightly higher than a direct plan.

    How to apply for SBI PSU fund online?

    The investor can apply for SBI PSU fund online by simply logging on to the official website of SBI Mutual Fund. It will give an option of making an account on the website or invest without login. In the option ‘invest without a login’, the investor will need to enter his/her PAN (Permanent Account Number) details to start the process. The website will take you to step by step procedure on how to invest. At any time the investor gets stuck, he/she can call the online customer service advisor for help.

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