Investors could add PSU funds as a tactical play to their equity mutual fund portfolios, say fund managers. They believe low valuations, coupled with chances of a strategic sale or disinvestment in public sector units, could trigger a rerating for the sector.
“Valuations are cheap, most companies have good corporate governance, and possible disinvestment or strategic sale leaves room for value unlocking,” said Taher Badshah, chief investment officer, Invesco Mutual Fund. The government ..
