Top PSU Mutual Funds (2026)
Ranked by 3 year return, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 5 PSU mutual funds. Their average 3 year return is 18.4% a year, and −5.3% over the last year. The highest 3 year returns: SBI PSU Fund 19.4%, ICICI Prudential PSU Equity Fund 18.5%, Aditya Birla Sun Life PSU Equity Fund 18.5%.
- Total AUM
- ₹15,644 Cr
- As on 30-09-2026
- Funds
- 5
- From 5 fund houses
- Expense ratio
- 0.76% to 2.16%
- Direct plans, lowest to highest
- Average 3Y return
- 18.4%
- A year, Direct plans
All PSU Funds
Ranked by 3 year return, highest first
Ranked by 3 year return, highest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SBI PSU Fund | 1 | 6,354 | −4.87% | +19.35% | +20.84% | +12.69% | -- | 0.97% | -- | 20.33% |
| ICICI Prudential PSU Equity Fund | 2 | 1,755 | −3.39% | +18.54% | -- | -- | -- | 1.28% | 1% within 1 month | 18.13% |
| Aditya Birla Sun Life PSU Equity Fund | 3 | 5,775 | −0.64% | +18.46% | +21.14% | -- | Very High | 0.76% | 1% within 30 days | 20.60% |
| Invesco India PSU Equity Fund | 4 | 1,361 | −9.40% | +17.36% | +18.62% | +15.26% | Very High | 1.23% | 1% within 1 year | 21.89% |
| quant PSU Fund | -- | 400 | −8.06% | -- | -- | -- | Very High | 2.16% | 1% within 15 days | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. A fund younger than 3 years has no rank and is listed after the ranked ones.
Stocks PSU Funds Bought and Sold in September 2026
What the 5 largest PSU funds changed in their September 2026 portfolios, against the month before
Bought
| Stock | New in | Added by |
|---|---|---|
| Power Finance Corporation Ltd.quant PSU | 1 fund | -- |
| Hindustan Aeronautics Ltd.SBI PSU | 1 fund | -- |
| MOIL Ltd.ICICI Prudential PSU Equity | 1 fund | -- |
| Canara BankICICI Prudential PSU Equity | 1 fund | -- |
| Indian BankAditya Birla Sun Life PSU Equity | 1 fund | -- |
| State Bank Of IndiaICICI Prudential PSU Equity | -- | 1 fund |
| Bharat Electronics Ltd.ICICI Prudential PSU Equity | -- | 1 fund |
| Union Bank of IndiaAditya Birla Sun Life PSU Equity | -- | 1 fund |
| Engineers India Ltd.SBI PSU | -- | 1 fund |
| SBI Life Insurance Company Ltd.ICICI Prudential PSU Equity | -- | 1 fund |
Sold
| Stock | Exited by | Reduced by |
|---|---|---|
| Shipping Corporation Of India Limitedquant PSU | 1 fund | -- |
| BEML Ltd.ICICI Prudential PSU Equity | 1 fund | -- |
| Union Bank of IndiaICICI Prudential PSU Equity | 1 fund | -- |
| Oil & Natural Gas Corporation Ltd.SBI PSU | -- | 1 fund |
| Coal India Ltd.ICICI Prudential PSU Equity | -- | 1 fund |
| Oil India Ltd.ICICI Prudential PSU Equity | -- | 1 fund |
| Kaynes Technology India LimitedInvesco India PSU Equity | -- | 1 fund |
| Foseco India LimitedInvesco India PSU Equity | -- | 1 fund |
| Indo-MIM LimitedInvesco India PSU Equity | -- | 1 fund |
| Bank Of IndiaICICI Prudential PSU Equity | -- | 1 fund |
From each fund's own monthly portfolio, stocks only. "New in" means the fund did not hold the stock the month before; "Exited by" means it sold all of it. Added and reduced count shares held, so a price move alone is not a change. Funds counted: SBI PSU Fund, Aditya Birla Sun Life PSU Equity Fund, ICICI Prudential PSU Equity Fund, Invesco India PSU Equity Fund, quant PSU Fund.
Compare PSU Funds
The largest funds of the category, side by side
How PSU Funds Are Taxed
As equity funds: 65% or more of each fund is in Indian stocks
| When you sell | Tax on the gain |
|---|---|
| Within 1 year | 20% of the gain (short term) |
| After 1 year | 12.5% of gains above ₹1.25 lakh a financial year (long term) |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a PSU Fund?
Sector and theme funds that invest in companies the government owns most of. SEBI requires at least 80% of such a fund in its sector or theme.
Other sector and theme categories: Banking & Financial Services · Technology · Healthcare & Pharma · Infrastructure · Consumption · Manufacturing · Energy & Commodities · MNC · ESG · Business Cycle · Transport & Auto
PSU Funds: Frequently Asked Questions
Which are the top PSU mutual funds?
By 3 year return, the top PSU funds are 1. SBI PSU Fund (19.4% a year), 2. ICICI Prudential PSU Equity Fund (18.5% a year), 3. Aditya Birla Sun Life PSU Equity Fund (18.5% a year), 4. Invesco India PSU Equity Fund (17.4% a year). Past returns do not promise future returns, so also look at costs, risk and how long each fund has done well.
How many PSU funds are there?
5 PSU funds are open for investment, from 5 fund houses.
What is a PSU fund?
Sector and theme funds that invest in companies the government owns most of. SEBI requires at least 80% of such a fund in its sector or theme.
What is the average return of PSU funds?
1 year: -5.3%, 3 years: 18.4% a year, 5 years: 20.2% a year. The simple average of every PSU fund's Direct plan.
Which PSU fund has the lowest expense ratio?
Aditya Birla Sun Life PSU Equity Fund, at 0.76% a year (Direct plan), as reported to AMFI.
Which is the largest PSU fund?
SBI PSU Fund, with ₹6,354 Cr of investors' money on 30-09-2026.
How are PSU funds taxed?
As equity funds: gains on units sold within 1 year are taxed at 20%; after that, gains above ₹1.25 lakh a financial year are taxed at 12.5%.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.