Mumbai: Sundaram BNP Paribas Mutual Fund (MF) has launched a select thematic fund, PSU Opportunities Fund, an equity fund that would primarily invest in public sector companies. The units of the fund are priced at 10 apiece and will be open for subscription from November 25-December 23, 2009, reports Financial Chronicle. "Public sector units (PSUs) are a direct play in the high-growth sectors of the Indian economy with added comfort of a large-cap profile. The listed PSU universe is marked by high-quality firms with clear ownership and business structures, focused business and robust financials. PSU firms enjoy a position of dominance in several sectors such as oil and gas, banking insurance, mining and utilities," said J Venketesan, the Portfolio Manager for the fund. According to Sundaram BNP Paribas Mutual Fund, PSUs today account for about 30 percent of the market capitalisation on the National Stock Exchange (NSE) and stocks of such companies are likely to undergo a re-rating in the next five to 10 years. "We are looking to collect around 350-400 crore from the new fund offer," said Sunil Subramaniam, Executive Director, Sales and Marketing, Sundaram BNP Paribas Asset Management Company. The market cap of the PSU segment has risen from about 90,000 crore to 15,10,254 crore in this decade.