Top 5 Power Sector Mutual Funds to Invest in India 2024

Top 5 Power Sector Mutual Funds to Invest in India 2024

Introduction

The legendary British mayor and the head of the English language, Francis Bacon, once stated, “Knowledge itself is power.” Though Bacon’s wisdom is timeless however, we might still see an application for it today in the world of investing. If power is information and power stocks are crucial to understand the next significant trend in the empowerment of portfolios.

Since it is the basis of infrastructure, power is crucial for a nation’s ability to prosper economically. The power sector is a major part of India is a diverse fabric that encompasses both new unconventional energy sources like solar and wind power, as well as more traditional sources of energy like natural gas, coal and hydropower. The principal idea behind India’s power industry is the nation’s commitment to ensure that all citizens have access to affordable and reliable power.

A remarkable shift is occurring in the dynamic landscape of India’s power sector, due to an increasing demand, a heightened focus in the direction of renewable energy and proactive government policies. This sector has been lighting homes and is the path to a sustainable and sustainable future from the immense power of coal-fired power plants to the rising splendor of solar farms.

Investment in Mutual Funds for Power Portfolios and light the Way with Top 5 Power Sector Mutual Funds 2024

Mutual funds can be a good start for investors looking to benefit from India’s power revolution. Let’s look at some of the best mutual funds that focus on power and related fields.

I. ICICI PRU PSU Equity Fund – NAV Rs. 16.62

Stock Name	Holding Weight %	3M Change in %
NTPC	9.89	-0.11
Power Grid Corporation	8.41	0.27
NHPC	4.54	0.63
Indian Renewable Energy Development Agency	1.88	1.88
Total	24.72

Maintaining as of November 2023

There is a total of Rs. 1,625 crore of the assets under management. their annual returns are 58.36 percent.

2. Invesco India Infrastructure Fund – NAV Rs. 58.38

Stock Name	Holding Weight %	3M Change in %
Power Grid Corporation	5.96	-0.03
Tata Power Company	3.97	-0.19
KEI Industries	2.95	-0.23
Suzlon Energy	2.91	0.26
Thermax	2.69	0.07
REC	2.23	2.23
NHPC	1.63	-0.09
Triveni Turbine	1.19	-0.05
ABB	0.91	-0.12
Total	24.44

Maintaining as of November 2023

There is a total of assets of Rs 687 crore under management. The one-year yield is 54.90 percent..

3. Templeton India Equity Income Fund – NAV Rs. 124.24

Stock Name	Holding Weight %	3M Change in %
NTPC	5.82	0.47
Power Grid Corporation	4.66	0.28
NHPC	4.47	-0.02
CESC	1.14	0.08
Total	16.09

Maintaining as of November 2023

There is a total of Rs. 1,705 crore of the assets under management. each year, the return on investment is 34.99 percent.

4. Aditya Birla SL PSU Equity Fund – NAV Rs. 29.92

Stock Name	Holding Weight %	3M Change in %
NTPC	8.15	-0.62
Power Grid Corporation	4.23	-0.63
IREDA	3.88	2.88
NLC India	1.91	0.26
Power Finance Corporation	1.23	0.13
Total	19.4

Maintaining as of November 2023

There is a total of around Rs 1,488 crore of assets under management. the annual return is 63.77 percent.

5. Nippon India Power & Infra Fund – NAV Rs. 296.25

Stock Name	Holding Weight %	3M Change in %
NTPC	6.29	-1.35
NLC India	2.63	-0.04
Power Grid Corporation	2.47	-0.17
Tata Power Company	2.4	0.48
Sterling and Wilson Renewable Energy	2.25	-0.85
IREDA	2.23	2.23
Total	18.27

Maintaining as of December 2023

3.035 billion of assets are control, yielding 60.83 percent return over a year.

How to Invest in Top 5 Power Sector Mutual Funds 2024 ?

• Fill in your form Complete the form by clicking here with all of your vital details.
• Understanding Your Needs Our team will get in touch with you after you have completed the form and we will understand your requirements at the same time, we’ll provide you with the best options for investing your money.

Investing in India’s Power and Energy Future

with an estimated installed power of 423.25 GW at the time of June 30, 2023 India is ranked 3rd in the world when it comes to both consumption and production of electricity. This makes it an enthralling star on the world of energy. The only G20 nation that is close to achieving the goals outlined by the Paris Agreement.

Investors could profit from the dramatic shift in the Indian energy and power industry that is being fueled by changing market dynamics as well as a growing demand and a changing energy mix. These mutual funds could be utilized as an entry point for people who want to play part in this transformative experience. In the world of investing power is in the end the key to an exciting future.

Disclaimer Note: This Mutual Funds Analyses are intended for informational purposes only and should not be regarded as investment advice. Always conduct your own research and speak with an expert financial advisor.

Frequently Asked Questions

+Why should I invest in mutual funds for the power sector in India?

The investment in mutual funds could be an investment strategy that will benefit from India’s ever-changing energy landscape. With the increasing demands for electricity, ad hoc renewable energy goals, and aggressive government initiatives in the power sector, the industry is expected to experience significant growth. These funds can provide exposure to both conventional and green energy firms which could provide huge returns as the market grows.

+What should I think about prior to investing in mutual funds?

Before investing, take into consideration these things:

• Fund Performance
• Holdings and Diversification
• Management and Fees
• Market Trends
• Risk Tolerance

+How do I get started investing in these mutual funds?

In order to invest in mutual funds for the power sector:

• Research and Select Funds
• Open an Account
• Fill Out Forms
• Consult a Financial Advisor
• Monitor Your Investment