SBI PSU Fund adds IEX in April, raises stake in LIC, SAIL and 2 more stocks

The fund shopped for additional shares of Bank of India (BoI), (), (NALCO) and () last month.

Over 22.15 lakh shares of BoI were added, bringing the tally to 47,15,501 in from 25,00,000 in March. At the same time, 4 lakh shares of LIC were added in April to 8,50,000 from 4,50,000 in March. As for NALCO, 10 lakh additional shares were purchased. The April count stood at 50 lakh versus 40 lakh in March. Meanwhile, SAIL’s 30 lakh shares were purchased, taking the tally to 65 lakh shares from 35 lakh shares in March.

The scheme has exposure to nearly two dozen stocks. As a percentage of , the highest holding is in (SBI, 9.76%), followed by Power Grid Corporation, NTPC and Hindustan Copper.

Market value of SBI shares was Rs 230 crore as of April 30 while those of Power Grid, NTPC and Hindustan Copper stood at 7.55%, 6.71% and 5.08%, respectively.

At 8.53%, its were third highest among equity mutual funds, behind HDFC Defence Fund and JM Midcap Fund which have given returns of 12.56% and 9%, respectively.

The total AUM as of April 30, 2024 stood at Rs 2376 crore. The fund was launched in July 2010 and its returns since inception stand at 8.63%.

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