PSU mutual funds lose up to 12% in 3 months. All eyes on Budget

PSU-themed mutual funds have seen negative returns of up to 12% in the last three months, with six funds reporting losses. The Quant PSU Fund, launched in February 2024, saw the largest decline at 11.58%. Other funds like CPSE ETF, Aditya Birla SL, Invesco India PSU, and ICICI Pru PSU also posted significant losses during this period.