Religare PSU Equity Fund

Religare PSU Equity Fund is managed by ‘celebrated’ managers Vetri Subramaniam and Amit Ganatra. The fund aims at capital appreciation by investing in equity and equity related instruments of companies where the Central / State Government(s) has majority shareholding or management control or powers to appoint majority of directors. If you have already invested, exit now to invest in a better performing fund. New investors can safely skip this fund.

Where does Religare PSU Equity Fund invest your money?

Religare PSU Equity Fund is a multi-cap fund. About 61.89% of the fund’s money is allocated to stocks of large companies, 31.92% to stocks of mid sized companies, while close to 6.19% to stocks of small sized companies. Large cap stocks bring stable returns but it is the mid cap stocks that bring in bumper returns but this happens not so frequently.

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
How has Religare PSU Equity Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Nov 2009, your value of investments would sadly be around Rs 99447. The fund has been giving around close to -1.82% returns for those who have stayed invested since inception. The performance has not been better or similar to other multi cap mutual funds.

Assume you had invested Rs 10,000 every month in Religare PSU Equity Fund through SIP since 5 years, today you would have around Rs 3.7922 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of Religare PSU Equity Fund is 2.91%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio. 

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you do not withdraw within 1 year. 

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