📊 Equity Fund · Deep Analysis

Aditya Birla Sun Life PSU Equity Fund

Aditya Birla Sun Life Mutual Fund · Direct Growth · SEBI Category: Equity

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Current NAV ₹39.6200 (-0.05% today) As of 04 Jun 2026
1 Year Return +9.2%
3 Year CAGR +27.8% p.a.
5 Year CAGR +24.7% p.a.
AAUM ₹5.7K Cr Jan–Mar 2026
All data from RightAdvise DB - calculated from 1,584 daily NAV records
Fund Overview

Aditya Birla Sun Life PSU Equity Fund - Quick Summary

Aditya Birla Sun Life PSU Equity Fund provides comprehensive exposure to India's government-owned enterprise universe. ABSL MF's research team covers the PSU universe across multiple sectors — energy PSUs (ONGC, NTPC, Coal India, GAIL), defence PSUs (HAL, BEL, BDL), banking PSUs (SBI, Bank of Baroda) and infrastructure PSUs (BHEL, Power Grid). The fund has benefited significantly from the 2022-2024 PSU re-rating.

The fund's long track record since 2010 means investors can evaluate PSU investing across the full PSU underperformance cycle (2014-2021) and the subsequent re-rating (2021-2024). This historical perspective — including the extended period of PSU underperformance — is valuable context for investors considering PSU funds at current valuations.

Fund House
Aditya Birla Sun Life Mutual Fund
SEBI Category
Equity
Benchmark
S&P BSE PSU Index TRI
Fund Manager
Dhaval Joshi
AMFI Code
147844
Risk Level
Very High
NAV Records in DB
1,584 days
Quarterly Average AUM · Jan–Mar 2026
₹5.7K Cr
↑ Increased by 2.6% vs Oct–Dec 2025 · ₹5.6K Cr
Official quarterly average AUM from AMFI disclosure. Published every 3 months.
📊
✓ Suitable For
Investors wanting PSU exposure with long historical track record for evaluation. Those comfortable with holding through PSU underperformance periods for long-term re-rating gains. Long-term investors with 5-7 year horizon.
Long track record since 2010 — includes both PSU underperformance and re-rating periods. ABSL MF's comprehensive PSU universe research coverage. Multi-sector PSU exposure — energy, defence, banking and infrastructure. Well-established fund house with strong institutional backing.
✗ Not Suitable For
Short-term investors — PSU stocks can underperform for years before re-rating. Conservative investors who cannot handle government policy risk. Those who need consistent performance without extended underperformance periods.
Who Runs This Fund

Fund Manager

DJ
Dhaval Joshi
Aditya Birla Sun Life Mutual Fund · Managing since January 2020

Dhaval Joshi is Fund Manager at Aditya Birla Sun Life Mutual Fund and manages both the ABSL Banking & Financial Services Fund and the ABSL PSU Equity Fund. His research expertise in government-sector companies — understanding PSU dividend policy, capital allocation, management appointment dynamics and government divestment programs — supports the PSU equity fund's stock selection process.

For current co-manager details and full biography, refer to the latest Aditya Birla Sun Life Mutual Fund factsheet on AMFI or the AMC website.

What to Factor In

Things to Consider

Informational points to help you form your own view - not judgements or recommendations.

AMFI Code · Informational
AMFI Scheme Code: 147844
The official AMFI scheme code for Aditya Birla Sun Life PSU Equity Fund Direct Growth is 147844. Use this when transacting on platforms or verifying data across databases.
Important Note
Points Worth Knowing
ABSL PSU Equity Fund delivered very poor returns from 2014-2021 — the PSU underperformance decade — before the strong 2021-2024 re-rating. Investors who held through the entire period were eventually rewarded. But those who exited during underperformance phases experienced significant losses. PSU investing requires very long holding periods and exceptional patience.
Investment Objective
As per Scheme Information Document
To generate long-term capital appreciation by investing predominantly in equity and equity related instruments of Public Sector Undertakings (PSUs).
All Data Below - From RightAdvise Database
Performance

Fund Returns

Calculated from 1,584 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.

1M / 3M / 6M / 1Y - simple point-to-point return  ·  3Y / 5Y / 10Y - CAGR (compounded annual growth rate)

1 MonthPoint-to-point
-3.2%
3 MonthPoint-to-point
-4.1%
6 MonthPoint-to-point
+5.1%
1 YearPoint-to-point
+9.2%
3 YearCAGR
+27.8% p.a.
5 YearCAGR
+24.7% p.a.
₹1 Lakh → 5YLump sum growth
₹293,917

Best & Worst Periods Ever

Based on all rolling windows in full NAV history. Dates show the start and end of each period.

Best 1Y WindowSimple return
+113.6%
May 2023 – Jun 2024
Worst 1Y WindowSimple return
-14.6%
Feb 2024 – Mar 2025
Best 3Y CAGRCAGR p.a.
+51.9% p.a.
Jan 2021 – Feb 2024
Worst 3Y CAGRCAGR p.a.
+19.2% p.a.
Jan 2020 – Feb 2023

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point - not CAGR.

2025
+11.6%
2024
+15.7%
2023
+61.5%
2022
+30.5%
2021
+39.9%
Consistency Analysis

Rolling Returns ℹ️ What is this?

Rolling returns show performance across every possible investment start date - not one cherry-picked number. Learn more →

1Y Rolling Avg
35.6%
Positive in 87% of windows
Best: 113.6% · Worst: -14.6%
3Y Rolling Avg
35.5% p.a.
Positive in 100% of windows
Best: 51.9% · Worst: 19.2%
5Y Rolling Avg
32.0% p.a.
Positive in 100% of windows
Best: 39.1% · Worst: 24.5%
1-Year Rolling Returns Each bar = 1Y return starting from that date
Risk Analysis

Maximum Drawdown ℹ️ What is this?

How much the fund fell from its peak NAV - what investors actually experience during crashes. Calculated from full NAV history.

Max Drawdown Ever
-33.8%
Jan 2020 → Mar 2020
Recovered: Dec 2020 (1yr 1mo)
Current from Peak
-5.8%
All-time Peak: ₹41.92
Peak date: Feb 2026

How the fund behaved in key crisis periods

Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.

2024–25 Tariff / Correction
-24.5%
Sep 27, 2024 – Apr 7, 2025
Recovered: Jan 2026 (1yr 4mo)
COVID-19 Crash
-30.1%
Feb 19 – Mar 23, 2020
Recovered: Dec 2020 (1yr)
2022 Rate Hike Cycle
-16.2%
Jan 17 – Jun 17, 2022
Recovered: Sep 2022 (4 mos)
2018 IL&FS Crisis
Pre-inception
Aug 28 – Oct 26, 2018
Recovered: N/A
Drawdown Chart % fall from rolling peak NAV · full history
Valuation Signal

NAV vs 200-Day Moving Average

When NAV is above 200 DMA the fund is in an uptrend. When below, it signals caution. Calculated from NAV data in DB.

Current NAV
-
200 DMA
-
NAV vs DMA
-
Calculating...
NAV vs 200 DMA Last 400 trading days
Risk Metrics

Risk Ratios

Calculated from 3 years of daily NAV - industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →

Sharpe Ratio (3Y)
1.03
Return per unit of total risk. >1 is good. Learn more →
Sortino Ratio (3Y)
1.37
Like Sharpe but only penalises downside volatility. Learn more →
Std Deviation (3Y)
21.1%
Annualised monthly volatility. Lower = more consistent returns. Learn more →
📊
Want to see what Aditya Birla Sun Life PSU Equity Fund is actually holding?

Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes - from official AMC disclosures.

Full current portfolio - all stocks, weights, sectors
New entries and exits over the last 3 months
Sector allocation and month-over-month changes
Updated monthly from official AMC disclosures
See Portfolio Holdings →
← Compare all Equity Funds

See how Aditya Birla Sun Life PSU Equity Fund ranks against other Equity funds on returns, drawdown, Sharpe ratio and AAUM - side by side.

Learn the Metrics
📖 Deep Dive
CAGR, Sharpe, Sortino & Std Dev
What these numbers mean and how to use them
📖 Deep Dive
Drawdown & Rolling Returns
Why these reveal more than any CAGR figure
⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.
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⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.