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.
Rising costs, muted demand to weigh on FMCG margins in Q1
FMCG companies anticipate a slight sales volume increase for the June quarter, with revenue growth varying due to pricing strategies and demand. While some firms