Do PSU funds offer a value buy opportunity post recent slide?
The Government of India’s divestment programme is witnessing good traction so far, one of the reasons behind this is the usage of the Exchange traded funds (ETF) or offloading stakes. Through these PSU schemes around 10,000 crore or more money is invested into PSU stocks.
With such a huge investment in PSU stocks, these schemes have been hampered more due to the current slide in PSU stocks. Many investment experts see this slide as a temporary event and expect these stocks to get revived in the longer run.
In the last three months, benchmark index Nifty has remained flat, however, mutual fund schemes focused on PSU stocks have fallen around 3-10 per cent roughly. Below-mentioned are the schemes which invest predominantly in PSU funds.
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)
Energy companies and banks form the major components of PSU undertakings in India. Currently, these stocks are impacted due to the perceived fear of subsidy sharing and rising crude oil prices. At the same time, PSU banks are undergoing a transition due to NPA recognition cycle. Owing to these reasons, the energy and PSU bank stocks are witnessing a major downfall.
The current volatility in the market and the commodity prices would not last for a longer time. Experts see an increasing possibility of improvement in the macroeconomic environment. Moreover, policy measures in terms of NCLT and IBC are expected to revive the PSU banking stocks.
With the current downfall, the valuation of the PSU stocks seems to be more attractive. So many investors are seeing a buying opportunity in these stocks as well as funds which constitute these stocks. But investors should remember that the situation would not change overnight, it will take time with the short-term sell-offs. So investors who are invested into these funds should wait if they can digest the current and upcoming volatility as we see the upcoming election in the year 2019 as a trigger to the sector. However, for investors who are looking to enter, this can be a value buy strategy as the PSU sector consists of many blue-chip stocks which are undervalued currently and are able to perform in the longer run, say 10 years.