Kotak PSU Bank tops MF schemes last week
Bangalore: In the week ended April 23, 2010, the open ended Kotak PSU Bank scheme emerged as the top mutual fund (MF) scheme with a growth rate of 6.96 percent. As on April 23, the net asset value (NAV) of the scheme was 
366.43. The investment objective of the scheme is to provide returns that closely correspond to the total returns of CNX PSU Bank Index, subject to tracking errors.
According to mutualfundsindia.com, the other MF schemes which followed Kotak PSU Bank are, PSU Bank Benchmark Exchange Traded Scheme, Sahara Banking and Financial Services Fund, ICICI Prudential Banking and Financial Services Fund and Bank BeES with growth rates of 6.94, 5.66, 4.98 and 4.89 percent respectively.
There is no entry load or exit load for the scheme and the company has fixed the minimum investment of 10,000. As on March 31, 2010, the fund size is 29.74 crore. Sajit Pisharodi is the Fund Mangager of the scheme, which has a portfolio turnover ratio of 18.65 percent.
366.43. The investment objective of the scheme is to provide returns that closely correspond to the total returns of CNX PSU Bank Index, subject to tracking errors.
According to mutualfundsindia.com, the other MF schemes which followed Kotak PSU Bank are, PSU Bank Benchmark Exchange Traded Scheme, Sahara Banking and Financial Services Fund, ICICI Prudential Banking and Financial Services Fund and Bank BeES with growth rates of 6.94, 5.66, 4.98 and 4.89 percent respectively.
There is no entry load or exit load for the scheme and the company has fixed the minimum investment of 10,000. As on March 31, 2010, the fund size is 29.74 crore. Sajit Pisharodi is the Fund Mangager of the scheme, which has a portfolio turnover ratio of 18.65 percent.