Based on 1-year returns, the top performing Banking and PSU funds are Franklin India Banking & PSU Debt Fund - Direct Plan with 5.36% return, UTI Banking & PSU Fund - Direct Plan with 5.13% return, and ITI Banking & PSU Debt Fund - Direct Plan with 4.49% return. The category average 1-year return is 3.80%.
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
₹ 0.74Lakh Cr
As on latest
Category Return (5Y)
6.09 %
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 | 0.22 % | 1.31 % | 3.80 % | 6.83 % | 6.09 % | 7.23 % | 1.13 % |
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 6.09% CAGR over the last 5 years.
It ranks #13 out of 18 categories based on 5Y performance.
Below the category average return of 6.35%.
11 categories outperform it, while 5 categories have lower returns.
Top performer: Credit Risk (9.97%).
Lowest performer: Long Duration (5.32%).
Let's have a closer look
Now let us jump and check about these top 15 mutual fund schemes.
Axis Banking & PSU Debt Fund - Direct Plan
Fund Performance: Axis Banking & PSU Debt Fund - Direct Plan has given 6.74% annualized returns in the past three years and 5.98% in the last 5 years. The Axis Banking & PSU Debt Fund - Direct Plan comes under the Debt category of Axis Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Axis Banking & PSU Debt Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 12,530.70Cr
1Y Returns
4.06%
Expense Ratio
0.34%
Bandhan Banking and PSU Fund - Direct Plan
Fund Performance: Bandhan Banking and PSU Fund - Direct Plan has given 6.74% annualized returns in the past three years and 6.01% in the last 5 years. The Bandhan Banking and PSU Fund - Direct Plan 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 Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 12,107.70Cr
1Y Returns
4.31%
Expense Ratio
0.35%
ICICI Prudential Banking & PSU Debt Fund - Direct Plan
Fund Performance: ICICI Prudential Banking & PSU Debt Fund - Direct Plan has given 7.15% annualized returns in the past three years and 6.57% in the last 5 years. The ICICI Prudential Banking & PSU Debt Fund - Direct Plan 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 Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 500.00
AUM
₹ 9,144.35Cr
1Y Returns
4.33%
Expense Ratio
0.39%
Aditya Birla Sun Life Banking & PSU Debt Fund - Direct Plan
Fund Performance: Aditya Birla Sun Life Banking & PSU Debt Fund - Direct Plan has given 6.85% annualized returns in the past three years and 6.12% in the last 5 years. The Aditya Birla Sun Life Banking & PSU Debt Fund - Direct Plan 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 Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 8,805.14Cr
1Y Returns
3.46%
Expense Ratio
0.39%
HDFC Banking and PSU Debt Fund - Direct Plan
Fund Performance: HDFC Banking and PSU Debt Fund - Direct Plan has given 6.90% annualized returns in the past three years and 6.11% in the last 5 years. The HDFC Banking and PSU Debt Fund - Direct Plan 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 Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 5,316.43Cr
1Y Returns
3.51%
Expense Ratio
0.35%
Nippon India Banking and PSU Fund - Direct Plan
Fund Performance: Nippon India Banking and PSU Fund - Direct Plan has given 6.80% annualized returns in the past three years and 6.09% in the last 5 years. The Nippon India Banking and PSU Fund - Direct Plan 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 Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 5,163.99Cr
1Y Returns
3.31%
Expense Ratio
0.39%
Kotak Banking and PSU Debt Fund - Direct Plan
Fund Performance: Kotak Banking and PSU Debt Fund - Direct Plan has given 7.06% annualized returns in the past three years and 6.36% in the last 5 years. The Kotak Banking and PSU Debt Fund - Direct Plan 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 Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 5,129.33Cr
1Y Returns
3.95%
Expense Ratio
0.40%
HSBC Banking and PSU Debt Fund - Direct Plan
Fund Performance: HSBC Banking and PSU Debt Fund - Direct Plan has given 6.64% annualized returns in the past three years and 5.49% in the last 5 years. The HSBC Banking and PSU Debt Fund - Direct Plan 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 Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 4,019.38Cr
1Y Returns
3.90%
Expense Ratio
0.27%
SBI Banking and PSU Fund - Direct Plan
Fund Performance: SBI Banking and PSU Fund - Direct Plan has given 6.86% annualized returns in the past three years and 5.93% in the last 5 years. The SBI Banking and PSU Fund - Direct Plan 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 Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 3,747.89Cr
1Y Returns
3.77%
Expense Ratio
0.40%
DSP Banking & PSU Debt Fund - Direct Plan
Fund Performance: DSP Banking & PSU Debt Fund - Direct Plan has given 6.62% annualized returns in the past three years and 5.82% in the last 5 years. The DSP Banking & PSU Debt Fund - Direct Plan 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 Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 3,387.79Cr
1Y Returns
2.53%
Expense Ratio
0.34%
LIC MF Banking & PSU Fund - Direct Plan
Fund Performance: LIC MF Banking & PSU Fund - Direct Plan has given 6.96% annualized returns in the past three years and 6.03% in the last 5 years. The LIC MF Banking & PSU Fund - Direct Plan 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 Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 200.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 1,847.94Cr
1Y Returns
3.70%
Expense Ratio
0.27%
UTI Banking & PSU Fund - Direct Plan
Fund Performance: UTI Banking & PSU Fund - Direct Plan has given 7.00% annualized returns in the past three years and 7.44% in the last 5 years. The UTI Banking & PSU Fund - Direct Plan comes under the Debt category of UTI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in UTI Banking & PSU Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 500.00
AUM
₹ 1,206.43Cr
1Y Returns
5.13%
Expense Ratio
0.21%
Edelweiss Banking and PSU Debt Fund - Direct Plan
Fund Performance: Edelweiss Banking and PSU Debt Fund - Direct Plan has given 6.61% annualized returns in the past three years and 6.03% in the last 5 years. The Edelweiss Banking and PSU Debt Fund - Direct Plan 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 Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 494.03Cr
1Y Returns
3.20%
Expense Ratio
0.39%
Franklin India Banking & PSU Debt Fund - Direct Plan
Fund Performance: Franklin India Banking & PSU Debt Fund - Direct Plan has given 7.31% annualized returns in the past three years and 6.26% in the last 5 years. The Franklin India Banking & PSU Debt Fund - Direct Plan 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 Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 472.91Cr
1Y Returns
5.36%
Expense Ratio
0.24%
Bajaj Finserv Banking and PSU Fund - Direct Plan
Fund Performance: The Bajaj Finserv Banking and PSU Fund - Direct Plan 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 Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 322.75Cr
1Y Returns
3.15%
Expense Ratio
0.34%
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