Top 5 Mutual Funds of This Week


Bangalore: Mutual Fund is a collective scheme which brings out money from many investors to buy stocks, bonds, short-term money market instruments or different types of securities. The top 5 mutual funds for this week are as follows:

Goldman Sachs PSU Bank Exchange Traded Scheme 

Type: Open Ended ETF

Fund Manager: Payal Kaipunjal

Launch Date: October 25, 2007

Fund Size ( In Crore): 9.08 as on January 31, 2012

Minimum Investment (in ): 10,000

The investment objective of PSU Bank Benchmark Exchange Traded Scheme (PSU Bank BeES) is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the CNX PSU Bank Index. However, the performance of Scheme may differ from that of the underlying index due to tracking error. There can be no assurance or guarantee that the investment objective of PSU Bank BeES will be achieved.

The Net Asset Value (NAV) for the scheme is 393.13 as on February 17, 2012. The 52 week high value of the scheme is 465.18 as on April 26, 2011 and 52 week low value was 266.63 as on December 20, 2011. Since its inception the Risk Return Value has been 10.06 percent and for one month is 27.77 percent. The earnings per share is 9.33 as on December 2011. The top holdings are State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Bank of India, Union Bank of India, Industrial Development Bank of India, Allahabad Bank, Oriental Bank of Commerce, and Andhra Bank.