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Anand Rathi's Feroze Azeez discusses funds best placed to ride the PSU wave

Updated : February 26, 2021 10:27 AM IST

Public sector undertaking (PSU) stocks have been on a tear. Feroze Azeez, Deputy CEO, Anand Rathi Wealth Management discussed which mutual fund (MF) schemes are best placed for investors who prefer to capitalise on this opportunity via MFs.

“There are some funds which have reasonable exposure to PSUs and can be used as a proxy to play the PSU rally.”

Azeez believes participating in a broader theme using a MF is a good idea rather than going stock-specific for a retail investor.

“HDFC Flexi Cap Fund has about 37 percent exposure. If you want to play the banking theme then this is the best fund. From a banking standpoint both Franklin Bluechip Fund and HDFC Flexi Cap have the largest component of the PSU in the banking space.”

Speaking about debt funds, Azeez said, “From the debt angle, there is a huge opportunity – especially the Edelweiss Bharat Bond ETF on a 10-year basis have a 7.1 percent yield taxed at the end. So locking in a 6.5 percent post-tax yield is going to be very easy using a Bharat Bond ETF.”

In terms of oil and gas space, Azeez said, “Nippon Fund has the largest exposure from oil and gas standpoint. But the exposure to play that sector using a MF is not so good idea because the exposure is sub-10 percent.”

Watch the video for more

Published : February 26, 2021 10:27 AM IST

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