State owned banks or Public Sector Undertaking (PSU) banks are under the spotlight recently. Country’s second largest public sector lender, Punjab National Bank (PNB), is in the middle of a ₹ 11,400 crore case of fraud transaction and everyday new frauds are revealed.

Read More : All You Need to Know About PNB Fraud Case

Many investment experts believe that the PNB scam might claim more victims in the PSU banking sector in the coming days. Even prominent PSU banks like State Bank of India (SBI) and Bank of Borada (BoB) are down because of the negative sentiment about the sector. Shares of PNB have been tumbling every day since the news about the scam became public.

Over the past three years, investors have shunned public sector banks on concerns over mounting bad debts and rising Non Performing Assets (NPAs), sticking instead to private sector banks and NBFCs.

Read More : Capital Infusion in Public Sector Banks (PSB): Effect on Mutual Funds

Predictably, mutual fund investors are worried whether their schemes have huge exposure to the troubled Public Sector Undertaking (PSU) banks. PSU banks were already under pressure because of the cleaning of their account books and rising NPA problem.

Let’s see the 10 most popular Mutual Funds in every category and their exposure to PSU banks.

Large Cap Fund Category

Large-cap are big, well established companies of the stock market. These companies are strong, reputable and trustworthy. Large cap companies generally are top 100 companies in a market. There is no consensus on the capitalization as such.

Funds investing in equities of large cap are Large Cap Mutual Funds. These are the most popular mutual funds in Large Cap category with their exposure to PSU Banks :

Reliance Top 200 Fund

This is a Large Cap Equity Oriented Mutual Fund launched in August 08, 2007. It is a fund with moderately high risk and have given a return of 11.89 % since its launch.

PSU banks exposure to Reliance Top 200 Fund :

Total fund’s exposure to PSU Banks is 8.09 % of total AUM.

Top holdings from Public Sector Banks (PSBs) Exposure
State Bank of India  7.03 %
Punjab National Bank  1.06 %

Returns per annum over the years from this fund are :

Duration Returns
1 year  22.94 %
3 years  10.41 %
5 years 18.77 %

Performance of the fund since 2008 :

Here’s the key features of Reliance Top 200 Fund :

  • This fund has been rated as a 5 star fund by Groww.
  • AUM of close to ₹ 4149 Cr.
  • Age is nearly 10 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark S&P BSE 200 Fund since its launch.
  • The top portfolio holdings of the fund include Divis Laboratories Ltd., HDFC Bank Ltd., Larsen & Toubro Ltd., IOCL, SBI, Infosys Ltd., ITC Ltd., Tata Steel Ltd., Axis Bank Ltd. etc.
  • The holdings are balanced across various sectors with maximum weightage given to the Financial Services ( 32.3 % ) followed by Energy ( 10.3 %).

  • Minimum SIP = ₹ 100
  • Equity share = 95.3 % , Debt share = 0.2 % and Cash = 4.5 %

  • Large Cap share= 84.6 % , Mid Cap share = 15.4 % and Small Cap share = 0 %

This fund is one of the best large cap fund available in market. So, if you are thinking of investing a lump sum amount or for longer duration, this large cap fund is just the perfect choice for you. Large cap funds may give you good returns on your lump sum investment over the long term. The companies in the large cap funds portfolio are steady compounders and pay dividend on regular basis.

Mirae Asset India Opportunities Fund

This is a Large Cap Equity Oriented Mutual Fund launched in April 04, 2008. It is a fund with moderately high risk and have given a return of 16.88 % since its launch.

PSU banks exposure to Mirae Asset India Opportunities Fund :

Total fund’s exposure to PSU Banks is 4.10 % of total AUM.

Top holdings from Public Sector Banks (PSBs) Exposure
State Bank of India  4.10 %

Returns per annum over the years from this fund are :

Duration Returns
1 year  22.13 %
3 years  12.32 %
5 years  21.54 %

Performance of the fund since 2008 :

Here’s the key features of Mirae Asset India Opportunities Fund :

  • This fund has been rated as a 5 star fund by Groww.
  • AUM of close to ₹ 6123 Cr.
  • Age is nearly 10 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark S&P BSE 200 Fund since its launch.
  • The top portfolio holdings of the fund include ICICI Bank Ltd., HDFC Bank Ltd., Larsen & Toubro Ltd., Reliance Industries Ltd., SBI, Infosys Ltd., Maruti Suzuki India Ltd., Kotak Mahindra Bank Ltd., Grasim Industries Ltd. etc.
  • The holdings are balanced across various sectors with maximum weightage given to the Financial Services ( 35.4 % ) followed by Automobile ( 10.3 % ) and Consumer Goods ( 9.6 % ).

  • Minimum SIP = ₹ 1000
  • Equity share = 97 % , Debt share = 0.2 % and Cash = 2.8 %

  • Large Cap share= 84.9 % , Mid Cap share = 15.1 % and Small Cap share = 0 %

This fund is one of the best large cap fund available in market. Associate with this fund, if you are thinking of investing a lump sum amount or for longer duration. Large cap funds may give you good returns on your lump sum investment over the long term. The companies in the large cap funds portfolio are steady compounders and pay dividend on regular basis.

SBI Bluechip Fund

This is a Large Cap Equity Oriented Mutual Fund launched in February 14, 2006. It is a fund with moderately high risk and have given a return of 11.69 % since its launch.

PSU banks exposure to SBI Bluechip Fund :

Total fund’s exposure to PSU Banks is 3.37 % of total AUM.

Top holdings from Public Sector Banks (PSBs) Exposure
State Bank of India 2.54 %
SBI Life Insurance Company Ltd. 0.83 %

Returns per annum over the years from this fund are :

Duration Returns
1 year  17.20 %
3 years  9.89 %
5 years 18.57 %

Performance of the fund since 2008 :

Here’s the key features of SBI Bluechip Fund :

  • This fund has been rated as a 4-star fund by Groww and ranked 2 in large cap fund category by Crisil.
  • AUM of close to ₹ 16480 Cr.
  • Age is nearly 10 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark BSE S&P 100 since its launch.
  • The top portfolio holdings of the fund include SBI, HDFC Bank Ltd., ITC, Mahindra & Mahindra Ltd., HPCL, Hero MotoCorp Ltd., IndusInd Bank Ltd.,Larsen & Toubro Ltd., CBLO ( CCIL ) etc.
  • The holdings are balanced across various sectors with maximum weightage given to financial services ( 35 % ) followed by Automobile ( 11.6 % ) and Consumer Goods ( 9.9 % ).

  • Minimum SIP = ₹ 500
  • Equity share = 91.3 % , Debt share = 0.7 % and Cash = 7.9 %

  • Large Cap share= 86 % , Mid Cap share = 14 % and Small Cap share = 0 %

This fund is one of the most popular large cap fund available in market. But, returns from this large cap fund is lesser as compared to other popular fund in this category.

So, if you are thinking of investing a lump sum amount or for longer duration, this large cap fund is just the perfect choice for you.

Large cap funds may give you good returns on your lump sum investment over the long term. The companies in the large cap funds portfolio are steady compounders and pay dividend on regular basis.

Mid Cap Fund Category

Mid cap are compact companies of the equity market, falling somewhere between small and large cap companies and are 100-250 companies in a market after large cap companies. Stocks of mid cap companies are riskier then large cap but not as risky investment instrument as small cap

Funds investing in equities of mid cap are Mid Cap Mutual Funds. These are the most popular mutual funds in Mid Cap category and their exposure to PSU banks :

L&T Midcap Fund

This is a Mid Cap Equity Oriented Mutual Fund launched in August 09, 2004. It is a fund with high risk and have given a return of 21.75 % since its launch.

PSU banks exposure to L&T Midcap Fund Now Fund :

Total fund’s exposure to PSU Banks is 2.94 % of total AUM.

Top holdings from Public Sector Banks (PSBs) Exposure
Indian Bank 1.46 %
Canara Bank Ltd. 0.78 %
Union Bank Of India Ltd. 0.80 %

Returns per annum over the years from this fund are:

Duration Returns
1 year  29.3 %
3 years  18.76 %
5 years  29.36 %

Performance of the fund since 2008 :

Invest in L&T Midcap Fund Now Fund Now

  • This fund has been rated as a 5-star fund by Groww.
  • AUM of close to ₹ 1323 Cr.
  • Age is nearly 13 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark Nifty Free Float Midcap 100 since its launch.
  • The top portfolio holdings of the fund include Mphasis Ltd., CBLO ( CCIL ), The Ramco Cements Ltd., Emami Ltd., Mindtree Ltd., Engineers India Ltd., Jindal Steel and Power Ltd., Sundaram Finance Ltd. etc.
  • The holdings are balanced across various sectors with maximum weightage given to Financial Services ( 18.5 % ) followed by Construction ( 13.5 % ) and Industrial Manufacturing ( 12.5 % )

  • Minimum SIP = ₹ 500
  • Equity share = 86.6 % , Debt share = 0 % and Cash = 13.4 %

  • Large Cap share= 14.8 % , Mid Cap share = 79.2 % and Small Cap share = 6 %

This is one the best performing mid cap fund available in market for 2018. Mid cap fund are in high demand, because the share price of large caps has increased substantially. That results in the prices of the mid-caps, climbing upwards steadily and made them an attractive investment category with high growth potential.

Associated with this fund if you want to invest in funds with high return possibilities, without the volatility of small caps and index-related returns like those of large cap funds.

Mirae Asset Emerging Bluechip Fund

This is a  Mid Cap Equity Oriented Mutual Fund launched in July 9, 2010. It is a fund with moderately high risk and has given a return of 23.40 % since its launch.

PSU banks exposure to Mirae Asset Emerging Bluechip Fund :

Total fund’s exposure to PSU Banks is 1.73 % of total AUM.

Top holdings from Public Sector Banks (PSBs) Exposure
Canara Bank Ltd. 1.73 %

Returns per annum over the years from this fund are:

Duration Returns
1 year  23.72 %
3 years  19.47 %
5 years  30.77 %

Performance of the fund since 2008 :

Invest in Mirae Asset Emerging Bluechip Fund Now

  • This fund has been rated as a 5-star fund by Groww.
  • AUM of close to ₹ 5364 Cr.
  • Age is nearly 7 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark Nifty Free Float Midcap 100 since its launch.
  • The top portfolio holdings of the fund include Tata Global Beverages Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd., Raymond Ltd., HDFC Bank Ltd., Federal Bank Ltd., Info Edge Ltd., IndusInd Bank Ltd., Ceat Ltd. etc.
  • The holdings are balanced across various sectors with maximum weightage given to Financial Services ( 25.9 % ) followed by Consumer Goods ( 12.8 % )

  • Minimum SIP = ₹ 1000
  • Equity share = 98.8 % , Debt share = 0.1 % and Cash = 1.1 %

  • Large Cap share = 36.8 % , Mid Cap share = 57.6 % and Small Cap share = 5.6%.

This is one of the best performing Mid cap fund available in market right now. This is a diversified fund with holding in companies of different market capitalization. Multi-cap funds are risky as compared to large cap funds and depend a lot on the ability of fund manager. Associated with this fund for some good numbers of years for getting benefit of its high return on investment.

Small Cap Fund Category

Small cap are small companies of stock market and are all the companies apart from large and mid cap companies in a market .Stocks of small cap companies highly risky and volatile investment instrument.

Funds investing in equities of mid cap are Small Cap Mutual Funds. These are the most popular mutual funds in Small Cap category and their exposure to PSU Banks :

HDFC Small Cap Fund

This is a Small Cap Equity Oriented Mutual Fund launched in April 03, 2008. It is a fund with high risk and have given a return of 16.60 % since its launch.

PSU banks exposure to HDFC Small Cap Fund :

Total fund’s exposure to PSU Banks is 2.23 % of total AUM.

Top holdings from Public Sector Banks (PSBs) Exposure
Oriental Bank of Commerce Ltd. 0.74 %
Corporation Bank 0.38 %
Indian Bank 1.11 %

Returns per annum over the years from this fund are:

Duration Returns
1 year  44.19 %
3 years  21.21 %
5 years  25.14 %

Performance of the fund since 2008 :

Invest in HDFC Small Cap Fund Now

  • This fund has been rated as a 5 star fund by Groww.
  • AUM of close to ₹ 2152 Cr.
  • Age is nearly 10 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark Nifty Free Float Small cap 100 since its launch.
  • The top portfolio holdings of the fund include Sonata Software Ltd., CBLO ( CCIL ), Redington India Ltd., Aarti Industries Ltd., KEC International Ltd., Dilip Buildcon Ltd., Balkrishna Industries Ltd. etc.
  • The holdings are balanced across various sectors with maximum weightage given to Industrial Manufacturing ( 15.1 % ) followed by Automobile ( 14.7 % ) and IT ( 11.5 % )

  • Minimum SIP = ₹ 500
  • Equity share = 85.9 % , Debt share = 0 % and Cash = 14.1%.

  • Large Cap share = 1 % , Mid Cap share = 58.5 % and Small Cap share = 40.9%

This funds have exponential growth potential and give high returns on investment and is best suited for investors with high risk appetite or for seasoned investors. Also, this best for investors who have very good ideas of mutual funds and the risks associates with them. Associated with this fund for some good numbers of years for getting benefit of its high return on investment.

L&T Emerging Businesses Fund

This is a Small Cap Equity Oriented Mutual Fund launched in May 12, 2014. It is a fund with high risk and have given a return of 30.98 % since its launch.

PSU banks exposure to L&T Emerging Businesses Fund :

Total fund’s exposure to PSU Banks is 2.70 % of total AUM.

Top holdings from Public Sector Banks (PSBs) Exposure
Syndicate Bank 1.31 %
Indian Bank 1.39 %

Returns per annum over the years from this fund are:

Duration Returns
1 year  39.73 %
3 years  24.25 %
5 years  NA

Performance of the fund since 2008 :

Invest in L&T Emerging Businesses Fund Now

  • This fund has been rated as a 5 star fund by Groww.
  • AUM of close to ₹ 3587 Cr.
  • Age is nearly 3 years. So its performance can be difficult to judge on longer run. Though its a relatively new fund, it has made its mark with high return on investment.
  • Has consistently outperformed its benchmark S&P BSE Small Cap since its launch.
  • The top portfolio holdings of the fund include Sobha Ltd., CBLO ( CCIL ), Rane Holdings Ltd., Aarti Industries Ltd., Future Supply Chain Solutions Ltd., Dilip Buildcon Ltd., IPCA Laboratories Ltd., Nocil Ltd. etc.
  • The holdings are balanced across various sectors with maximum weightage given to Industrial Manufacturing ( 20.1 % ) followed by Financial Services ( 16 % ) and Consumer Goods ( 8.9 % )

  • Minimum SIP = ₹ 500
  • Equity share = 85.9 % , Debt share = 0 % and Cash = 14.1%

  • Large Cap share = 1 % , Mid Cap share = 58.5 % and Small Cap share = 40.9%

This funds have exponential growth potential and give high returns on investment and is best suited for investors with high risk appetite or for seasoned investors. This is a new fund and have performed really well, giving more than expected return in last 3 years.

Also, this best for investors who have very good ideas of mutual funds and the risks associates with them. Associated with this fund for some good numbers of years for getting benefit of its high return on investment.

Multi Cap Fund Category

These funds are used to minimize the risk and diversify the investment. In these funds, capital is invested in companies across different sectors and of different capitalization.

Multicap funds are good to start investing in equities for beginners. Because of the flexibility of investing all type of companies irrespective of size, the fund manager can generate better risk-adjusted returns.These are the most popular mutual funds in Multi Cap category and their exposure to PSU Banks:

DSP BlackRock Opportunities Fund

This is a  Multi Cap Equity Oriented Mutual Fund launched in May 16, 2000. It is a fund with moderately high risk and have given a return of 18.91 % since its launch.

PSU banks exposure to DSP BlackRock Opportunities Fund :

Total fund’s exposure to PSU Banks is 8.67 % of total AUM.

Top holdings from Public Sector Banks (PSBs) Exposure
State Bank of India 4.14 %
Bank of Baroda 1.95 %
Punjab National Bank 1.71 %
SBI Life Insurance Company Ltd. 0.87 %

Returns per annum over the years from this fund are :

Duration Returns
1 year  18.94 %
3 years  13.38 %
5 years  20.79 %

Performance of the fund since 2008 :

Here’s the key features of DSP BlackRock Opportunities Fund :

  • DSP BlackRock Opportunities Fund has been rated as a 5 star fund by Groww and ranked 2 in Diversified fund category by Crisil ( for quarter ending December 2017).
  • AUM of close to ₹ 4805 Cr.
  • Past 3 years return is 15.19 % per annum.
  • Has consistently outperformed its benchmark Nifty 500 since its launch.
  • The top portfolio holdings of the fund include SBI, HDFC Bank Ltd., ICICI Bank, CBLO ( CCIL ), Gail (India) Ltd., HPCL, BPCL, Larsen & Turbo Ltd., Tata Steel Ltd., Divis Laboratories Ltd., Vedanta Ltd. etc.
  • The holdings are balanced across various sectors with maximum weightage given to Financial Services ( 34.3 %) followed by Energy ( 11.1 %) and Construction ( 10 % ).
  • Minimum SIP = ₹ 1000.
  • Equity share = 98.8 % , Debt share = 0 % and Cash = 1.2 %
  • Large Cap share= 76.4 % , Mid Cap share = 23.6 % and Small Cap share = 5.6%.

DSP BlackRock Opportunities Fund is one of the best-performing multi-cap funds in the market today. With returns that are competitive with other multi-cap funds and an experienced fund manager.

This is a diversified fund with holding in companies of different market capitalization. Multi-cap funds are risky as compared to large cap funds and depend a lot on the ability of fund manager. Associated with this fund for some good numbers of years for getting benefit of its high return on investment.

Motilal Oswal MOSt Focused Multicap 35 Fund

This is a  Multi Cap Equity Oriented Mutual Fund launched in April 28, 2014. It is a fund with moderately high risk and have given a return of 28.83 % since its launch.

PSU banks exposure to Motilal Oswal MOSt Focused Multicap 35 Fund :

Total fund’s exposure to PSU Banks is 3.84 % of total AUM.

Top holdings from Public Sector Banks (PSBs) Exposure
PNB Housing Finance Ltd. 3.84 %

Returns per annum over the years from this fund are :

Duration Returns
1 year  23.72 %
3 years  19.47 %
5 years  30.77 %

Performance of the fund since 2008 :

Invest in Motilal Oswal MOSt Focused Multicap 35 Fund Now :

  • This fund has been rated as a 5 star fund by Groww and ranked 1 in Diversified equity category by Crisil.
  • AUM of close to ₹ 11411 Cr.
  • Launched just 3 years back, so performance cannot be easy to judge. Though its a relatively new fund, it has made its mark with high return on investment.
  • Has consistently outperformed its benchmark Nifty 500 since its launch.
  • The top portfolio holdings of the fund include United Spirits Ltd.,BPCL, HDFC Bank Ltd., Maruti Suzuki India Ltd., HPCL, Jubilant Life Sciences Ltd., Interglobe Aviation Ltd. etc.
  • The holdings are balanced across various sectors with maximum weightage given to Financial Services (45.5%) followed by Energy ( 13.6 % ) and Consumer Goods ( 12.7 % ).

  • Minimum SIP = ₹ 1000.
  • Equity share = 98.8 % , Debt share = 0 % and Cash = 1.2 %

  • Large Cap share= 76.4 % , Mid Cap share = 23.6 % and Small Cap share = 5.6%.

This is one of the best performing multi-cap fund available in the market right now, even though it launched just 3 years back. This is a diversified fund withholding in companies of different market capitalization.

Multi-cap funds are risky as compared to large-cap funds and depend a lot on the ability of fund manager. Associated with this fund for some good numbers of years for getting the benefit of its high return on investment.

Hybrid Cap Fund Category

Balanced funds are investment instrument, where an asset management company invest the money gather into both debt and equity. These are diversified mutual funds having perfect balance between risk and returns on investment, and are most popular mutual funds these days.

These are broadly of two types :

  • Equity oriented balanced funds : Major portion of fund portfolio consists of equities, at least 65%, and rest in debts. Aim here is to minimize risk on investment
  • Debt oriented balanced funds : Major portion of fund portfolio consists of debt and rest in equity. Aim here is to increase return on investment.

The is one of the best Hybrid mutual fund and its exposure to PSU Banks :

Reliance Regular Savings Fund – Balanced 

This is a Hybrid Equity Oriented Mutual Fund launched in June 08, 2005. It is a fund with moderately high risk and have given a return of 14.37 % since its launch.

PSU banks exposure to Reliance Regular Savings Fund :

Total fund’s exposure to PSU Banks is 5.71 % of total AUM.

Top holdings from Public Sector Banks (PSBs) Exposure
State Bank of India 1.90 %
8.39 State Bank of India 1.01 %
7.58 PNB Housing Finance Ltd. 0.02 %
PNB Housing Finance Ltd. 0.70 %
PNB Housing Finance Ltd. (87D) 0.04 %
9 State Bank of India 0.41 %
10.95 United Bank Of India 0.40 %
SBI Life Insurance Company Ltd. 0.38 %
8.98 Punjab National Bank 0.33 %
8.5 Bank of Baroda 0.08 %
8.65 Bank of Baroda 0.08 %
10 Allahabad Bank 0.08 %
Bank of Baroda 0.16 %
9.21 Punjab National Bank 0.12 %

Returns per annum over the years from this fund are :

Duration Returns
1 year 18.37 %
3 years 12.03 %
5 years  17.6 %

Invest in Reliance Regular Savings Fund Now

  • This fund has been rated as a 5 star fund by Groww.
  • AUM of close to ₹ 11334 Cr.
  • Age is nearly 12 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark Crisil Balanced Fund Aggressive since its launch.
  • The top portfolio holdings of the fund include HDFC Bank Ltd., 9 Yes Bank Ltd., Grasim Industries Ltd, Infosys Ltd.. ICICI Bankt Pvt Ltd., Bharat Financial Inclusion Ltd., Larsen & Toubro Ltd., IOCL etc.
  • The holdings are balanced across various sectors with maximum weightage given to the Financial Services ( 43.7 % ) followed by Energy ( 10.4 %)
  • Minimum SIP = ₹ 100
  • Equity share = 71.6 % , Debt share = 26.6 % and Cash = 1.8 %
  • Large Cap share= 79.9 % , Mid Cap share= 18.2 % and Small Cap share= 1.9 %

This fund is diversified mutual funds having perfect balance between risk and returns on investment, and are most popular mutual funds these days. This type of funds also provide the fund manager with the flexibility of changing the debt and equity proportion depending upon the market situation. So in a bullish market, higher proportion will be attributed towards equity rather than debt.

Conclusion

In the last couples of weeks since the scam hit the headlines, PNB shares crashed by almost 25 per cent and other PSU banks are all in red as well. The fall is going to hit the sectoral schemes badly.

Investors who specifically entered banking sector funds need to be aware that sector funds tend to be risky. But if you are considering above mention popular funds in each category, the risk due to performance of PSU Banks is minimal as they hardly constitutes 9 % of fund’s total asset size.

Invetors need not to worry about the knee-jerk reaction in the market to PSU stocks. Mutual funds may even use such opportunity to buy some better PSU stocks on dips. In short, don’t get panic and rush to sell your units in popular mutual funds. Instead investors should wait and watch.

Things to Remember

Returns have always been the basic benchmarks for investor while going for any investments. These indicate how much the fund has lost or gained during particular investment duration.But don’t just run for returns from investment for investing in Mutual Funds.

There lot of things you should look into before selecting a fund which will match your investment goals. Following the 3 things you should always remember before investing in Mutual Funds :

  • Higher rates : don’t blindly invest in the fund with the highest returns. Invest based on the duration you want to invest for.
  • Every person’s financial condition is different. Evaluate the funds you invest in yourself – don’t invest in a fund because of its popularity.
  • Review your investment from time to time but not too often. Once a few weeks is good enough.

If you a beginner to investment in mutual funds, especially in equity mutual fund, thinking of the small/mid cap mutual funds may not be the best idea for you. These are best for investors who have very good ideas of mutual funds and the risks associates with them.

To ensure that the fund is in good hands, choose a fund house having fund manager with good amount of experience managing small/mid cap funds and associated with these funds for some good numbers of years.

To look at some of the best performing funds from every category of mutual funds, check out Groww 30 best mutual funds to invest in 2018.

Happy Investing !

Disclaimer: the views expressed here are of the author and do not reflect those of Groww.