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CPSE ETF, the topper in the category, offered 109.33% in one year horizon. Aditya Birla Sun Life PSU Equity Fund gave around 97.01% in one year. SBI PSU Fund offered 92.52% during the same time period.
Returns in CPSE ETF have been fuelled by a stellar rally in public sector names. However, going ahead with the election year, investors would be wise to moderate their expectations and book part profits if they have seen good returns
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“Do not chase the new stocks at new highs because you have the fear of losing out. . HCL Tech has been my top pick over there. I still think HCL Tech is headed to Rs 1500 and I would add a Persistent and Coforge on declines. It is better if you chase an ETF, that is the CPSE ETF, it comprises about 12 of the best blue chips of PSUs. ”
Sanjiv Bhasin, Director at IIFL Securities, suggests being selective in investing in Public Sector Undertakings (PSUs) due to the recent run-up in their prices. However, Bhasin recommends buying the CPSE ETF for exposure to blue-chip PSU stocks. He also expects strong earnings from Bajaj Auto, citing their position as the largest exporter of two-wheelers and increased demand for their products. Bhasin advises buying Bajaj Auto on any declines towards Rs 5,000.