PSU ETFs seen outperforming markets in 1 week

Benchmark indices in India are trading at all-time highs in line with the global indices such as Dow Jones and Nasdaq. The rally in Indian markets is led by banks and financials along with Autos.

If we consider the data for past one week it is the mutual fund schemes that invest on PSU Banks that seem to be outperforming.

Kotak PSU Bank ETF and Reliance ETF PSU Bank BeES are the two ETFs that are exposed to PSU Banks that are outperforming the broader markets.

Both the ETFS have delivered 4.32 per cent returns over one week and are the best performing mutual fund schemes for the said period.
 
Kotak PSU Bank ETF, over one month has generated negative 2.45 per cent returns whereas as over one year period the ETF has generated 19.47 per cent.

Sensex was up by 1.79 per cent in one week. Over one month and one year the returns delivered by Sensex are 2.28 per cent and 14.37 per cent.

SBI, Bank of Baroda, Punjab National Bank, Canara Bank, Union Bank of India, Bank of India , IDBI Bank, Oriental Bank of Commerce, Syndicate Bank and Allahabad Bank  are the top 10 holdings of the Kotak PSU Bank ETF.