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Check out mutual fund schemes that gained from PSU recapitalisation

Market players say investors wanting to play the PSU banking theme can even consider exposure to exchange traded funds

Chandan Kishore Kant 

Mutual fund

The sharp gains in shares of lenders have benefited several MF schemes focused on the banking stocks.

Several analysts have upgraded the banking stock following the government’s decision to infuse Rs 2.11 lakh crore in state-owned MF schemes such as LIC MF Banking and HDFC Infrastructure-with high exposure to banking stocks — have seen a sharp spurt in their net asset values (NAVs). But, Tata Banking Fund and IDFC Focused Equity Fund have seen a dip in their NAVs as private sector in their portfolio have come under selling pressure. Market players say investors wanting to play the banking theme can even consider exposure to exchange traded funds (ETFs) such as Reliance ETF Bank BeES or Kotak Bank ETF, both saw their NAVs spurt 30% on Wednesday. Mutual fund schemes that gained from PSU recapitalisation announcement

First Published: Fri, October 27 2017. 11:27 IST
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