Banking & PSU funds have become popular in the last one year. Their size has more than doubled since then. The category manages assets worth ₹96,816 crore as on June 30. These funds by nature are less risky among the debt fund categories. Sebi defines a Banking & PSU Funds as an open-ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings and public financial institutions. A Banking & PSU fund has to invest a minimum of 80% of its total assets in the public sector undertakings.
Nine big financial changes that you must watch out for in October
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