SBI Mutual Fund · Direct Growth · SEBI Category: Equity
SBI PSU Fund is India's largest PSU-focused fund at over ₹5,900 crore AUM. The fund invests in government-owned companies across sectors — ONGC, NTPC, Coal India, GAIL, Power Grid, BHEL, BEL, HAL, SBI and other public sector entities. The PSU universe represents a significant portion of India's economic capacity — government companies control substantial assets in energy, defence, banking, mining and utilities.
The PSU re-rating thesis — which drove extraordinary returns in 2022-2024 — is based on three factors: improving government corporate governance mandating higher dividend payouts from PSUs, capital allocation improvements as PSUs focus on core businesses, and re-rating from chronic undervaluation as institutional investor interest in PSU stocks revived. SBI PSU Fund has captured this re-rating effectively.
Rohit Shimpi is Fund Manager at SBI Funds Management and manages SBI PSU Fund. He specialises in public sector undertaking (PSU) investing — understanding the unique dynamics of government-owned enterprises including dividend policy, capital allocation, management appointment processes and government divestment plans. His research covers the full PSU universe from defence companies to banks, oil companies and utilities.
For current co-manager details and full biography, refer to the latest SBI Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| HDFC Defence Fund | ₹28.71 | ₹7.7K Cr Jan–Mar 2026 | +11.2% | +41.6% p.a. | — | — |
| SBI PSU Fund ▲ | ₹38.58 | ₹6.0K Cr Jan–Mar 2026 | +8.8% | +30.5% p.a. | +24.7% p.a. | 1.14 |
| Aditya Birla Sun Life PSU Equity Fund | ₹39.62 | ₹5.7K Cr Jan–Mar 2026 | +9.2% | +27.8% p.a. | +24.7% p.a. | 1.03 |
| Axis India Manufacturing Fund | ₹15.49 | ₹5.0K Cr Jan–Mar 2026 | +12.1% | — | — | — |
| ICICI Prudential PSU Equity Fund | ₹22.89 | ₹1.9K Cr Jan–Mar 2026 | +5.9% | +26.3% p.a. | — | 1.10 |
Calculated from 2,574 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)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how SBI PSU Fund ranks against other Equity funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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