Based on 1-year returns, the top performing Banking and PSU funds are Franklin India Banking & PSU Debt Fund Direct-Growth with 6.18% return, ICICI Prudential Banking & PSU Debt Direct-Growth with 5.72% return, and UTI Banking & PSU Fund Direct-Growth with 5.71% return. The category average 1-year return is 5.20%.
Banking and PSU Funds
The banking and PSU debt funds invest a minimum of 80% of the portfolio in the debt instruments of banks, Public Sector Undertakings (PSUs), and Public Financial Institutions.
Total Schemes
20
No. of schemes
Total AUM
₹ 0.77Lakh Cr
As on latest
Category Return (5Y)
6.35 %
CAGR
Benchmark Data
NA
This category currently has no benchmark assigned.
Category Returns (%)
| Period | 1M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | YTD |
|---|---|---|---|---|---|---|---|
Banking and PSU | 0.72 % | 3.16 % | 5.20 % | 7.25 % | 6.35 % | 7.26 % | 2.95 % |
Benchmark Not Available No benchmark assigned | - | - | - | - | - | - | - |
About Banking and PSU Funds
What is it?
The banking and PSU debt funds invest a minimum of 80% of the portfolio in the debt instruments of banks, Public Sector Undertakings (PSUs), and Public Financial Institutions.
Objective
These funds aim to generate reasonable returns with low risk exposure by investing primarily in banks and public sector institutions.
Suitability and opinion
As these funds have low volatility, they are a suitable option for risk-averse investors looking to generate modest returns in the short to medium term. These funds aim to generate slightly better returns compared to bank FDs of similar tenure. The risk is very low in this category. But these funds generally beat inflation by a slight margin and can not be used as a tool for long-term wealth creation.
Banking and PSU vs Other Categories
5Y CAGR Return Comparison
Key Insights
Banking and PSU delivered 6.35% CAGR over the last 5 years.
It ranks #11 out of 18 categories based on 5Y performance.
Below the category average return of 6.61%.
10 categories outperform it, while 7 categories have lower returns.
Top performer: Credit Risk (10.10%).
Lowest performer: Overnight (5.63%).
Let's have a closer look
Now let us jump and check about these top 15 mutual fund schemes.
Axis Banking & PSU Debt Direct Plan-Growth
Fund Performance: Axis Banking & PSU Debt Direct Plan-Growth has given 7.18% annualized returns in the past three years and 6.23% in the last 5 years. The Axis Banking & PSU Debt Direct Plan-Growth comes under the Debt category of Axis Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Axis Banking & PSU Debt Direct Plan-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 12,270.10Cr
1Y Returns
5.34%
Expense Ratio
0.36%
Bandhan Banking and PSU Fund Direct-Growth
Fund Performance: Bandhan Banking and PSU Fund Direct-Growth has given 7.23% annualized returns in the past three years and 6.28% in the last 5 years. The Bandhan Banking and PSU Fund Direct-Growth comes under the Debt category of Bandhan Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Bandhan Banking and PSU Fund Direct-Growth via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 12,172.20Cr
1Y Returns
5.67%
Expense Ratio
0.36%
Aditya Birla Sun Life Banking & PSU Debt Fund Direct-Growth
Fund Performance: Aditya Birla Sun Life Banking & PSU Debt Fund Direct-Growth has given 7.24% annualized returns in the past three years and 6.38% in the last 5 years. The Aditya Birla Sun Life Banking & PSU Debt Fund Direct-Growth comes under the Debt category of Aditya Birla Sun Life Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Banking & PSU Debt Fund Direct-Growth via lump sum is ₹ 1,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 8,963.04Cr
1Y Returns
4.99%
Expense Ratio
0.41%
ICICI Prudential Banking & PSU Debt Direct-Growth
Fund Performance: ICICI Prudential Banking & PSU Debt Direct-Growth has given 7.53% annualized returns in the past three years and 6.87% in the last 5 years. The ICICI Prudential Banking & PSU Debt Direct-Growth comes under the Debt category of ICICI Prudential Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Banking & PSU Debt Direct-Growth via lump sum is ₹ 500.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 500.00
AUM
₹ 8,823.38Cr
1Y Returns
5.72%
Expense Ratio
0.39%
Nippon India Banking and PSU Fund Direct-Growth
Fund Performance: Nippon India Banking and PSU Fund Direct-Growth has given 7.32% annualized returns in the past three years and 6.41% in the last 5 years. The Nippon India Banking and PSU Fund Direct-Growth comes under the Debt category of Nippon India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Nippon India Banking and PSU Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 5,306.93Cr
1Y Returns
5.12%
Expense Ratio
0.39%
HDFC Banking and PSU Debt Fund Direct-Growth
Fund Performance: HDFC Banking and PSU Debt Fund Direct-Growth has given 7.37% annualized returns in the past three years and 6.42% in the last 5 years. The HDFC Banking and PSU Debt Fund Direct-Growth comes under the Debt category of HDFC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HDFC Banking and PSU Debt Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 5,254.95Cr
1Y Returns
5.24%
Expense Ratio
0.35%
Kotak Banking and PSU Debt Fund Direct-Growth
Fund Performance: Kotak Banking and PSU Debt Fund Direct-Growth has given 7.54% annualized returns in the past three years and 6.68% in the last 5 years. The Kotak Banking and PSU Debt Fund Direct-Growth comes under the Debt category of Kotak Mahindra Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Kotak Banking and PSU Debt Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 5,018.88Cr
1Y Returns
5.64%
Expense Ratio
0.40%
HSBC Banking and PSU Debt Fund Direct-Growth
Fund Performance: HSBC Banking and PSU Debt Fund Direct-Growth has given 7.11% annualized returns in the past three years and 5.75% in the last 5 years. The HSBC Banking and PSU Debt Fund Direct-Growth comes under the Debt category of HSBC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HSBC Banking and PSU Debt Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 3,977.60Cr
1Y Returns
5.25%
Expense Ratio
0.24%
SBI Banking and PSU Fund Direct-Growth
Fund Performance: SBI Banking and PSU Fund Direct-Growth has given 7.32% annualized returns in the past three years and 6.21% in the last 5 years. The SBI Banking and PSU Fund Direct-Growth comes under the Debt category of SBI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in SBI Banking and PSU Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 3,976.20Cr
1Y Returns
5.25%
Expense Ratio
0.41%
DSP Banking & PSU Debt Fund Direct-Growth
Fund Performance: DSP Banking & PSU Debt Fund Direct-Growth has given 7.15% annualized returns in the past three years and 6.14% in the last 5 years. The DSP Banking & PSU Debt Fund Direct-Growth comes under the Debt category of DSP Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in DSP Banking & PSU Debt Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 3,304.23Cr
1Y Returns
4.63%
Expense Ratio
0.33%
Edelweiss Banking and PSU Debt Fund Direct-Growth
Fund Performance: Edelweiss Banking and PSU Debt Fund Direct-Growth has given 7.03% annualized returns in the past three years and 6.26% in the last 5 years. The Edelweiss Banking and PSU Debt Fund Direct-Growth comes under the Debt category of Edelweiss Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Edelweiss Banking and PSU Debt Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 3,094.83Cr
1Y Returns
4.30%
Expense Ratio
0.40%
LIC MF Banking & PSU Fund Direct-Growth
Fund Performance: LIC MF Banking & PSU Fund Direct-Growth has given 7.37% annualized returns in the past three years and 6.29% in the last 5 years. The LIC MF Banking & PSU Fund Direct-Growth comes under the Debt category of LIC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in LIC MF Banking & PSU Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 200.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 1,865.90Cr
1Y Returns
5.12%
Expense Ratio
0.27%
UTI Banking & PSU Fund Direct-Growth
Fund Performance: UTI Banking & PSU Fund Direct-Growth has given 7.29% annualized returns in the past three years and 7.63% in the last 5 years. The UTI Banking & PSU Fund Direct-Growth comes under the Debt category of UTI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in UTI Banking & PSU Fund Direct-Growth via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 500.00
AUM
₹ 1,100.58Cr
1Y Returns
5.71%
Expense Ratio
0.22%
Franklin India Banking & PSU Debt Fund Direct-Growth
Fund Performance: Franklin India Banking & PSU Debt Fund Direct-Growth has given 7.54% annualized returns in the past three years and 6.45% in the last 5 years. The Franklin India Banking & PSU Debt Fund Direct-Growth comes under the Debt category of Franklin Templeton Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Franklin India Banking & PSU Debt Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 583.95Cr
1Y Returns
6.18%
Expense Ratio
0.23%
Bajaj Finserv Banking and PSU Fund Direct-Growth
Fund Performance: The Bajaj Finserv Banking and PSU Fund Direct-Growth comes under the Debt category of Bajaj Finserv Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Bajaj Finserv Banking and PSU Fund Direct-Growth via lump sum is ₹ 1,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 368.55Cr
1Y Returns
4.83%
Expense Ratio
0.35%
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