Bandhan Banking and PSU Debt Fund
- NAV as on 9 Nov 2026
- ₹26.41+0.07%1 day
- Return since launch
- 7.3%
- 52-week range
- ₹25.14 — ₹26.39
- AUM
- ₹11,848 Cr
Bandhan Banking and PSU Debt Fund is a Banking and PSU debt fund from Bandhan Mutual Fund with ₹11,848 Cr under management, launched in 2013. Over three years it has returned 6.2% a year, against 6.6% for its category. The expense ratio is 0.68% and the SEBI riskometer reading is Low to Moderate.
Performance
Bandhan Banking and PSU Debt Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.0% against +4.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.1% | +1.0 pts | 4.1% | 4.3% |
| 2Y | 5.6% | +0.6 pts | 5.0% | 5.0% |
| 3Y | 6.2% | −0.5 pts | 6.6% | 5.8% |
| 5Y | 6.4% | +0.5 pts | 5.9% | 6.2% |
| 7Y | 6.2% | +0.1 pts | 6.0% | 6.0% |
| 10Y | 6.6% | 0.0 pts | 6.6% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | −0.1 pts | 0.5% | 0.5% |
| 3M | 0.6% | +0.2 pts | 0.4% | 0.4% |
| 6M | 3.0% | +0.4 pts | 2.6% | 2.6% |
| 1Y | 5.0% | +0.9 pts | 4.1% | 4.2% |
| 2Y | 6.3% | +0.3 pts | 5.9% | 5.9% |
| 3Y | 6.7% | +0.1 pts | 6.6% | 6.7% |
| 5Y | 6.0% | +0.1 pts | 5.9% | 5.9% |
| 7Y | 6.3% | +0.1 pts | 6.2% | 6.1% |
| 10Y | 6.9% | +0.3 pts | 6.6% | 6.6% |
Since launch (26 Feb 2013): 7.3%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.1% | −0.6 pts | 7.7% |
| 2024 | 7.5% | −0.7 pts | 8.2% |
| 2023 | 6.7% | −0.3 pts | 7.0% |
| 2022 | 3.6% | −0.3 pts | 3.9% |
| 2021 | 3.4% | −0.4 pts | 3.8% |
| 2020 | 10.9% | +0.5 pts | 10.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.68%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.57%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.10%
- Exit load
- Exit load of 0.15% if redeemed within 7 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty Banking & PSU Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.68 | 0.87 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.35 | 1.43 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.35 | 1.35 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Bandhan Banking and PSU Debt Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt78.4%
- Other21.6%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 14.25% | ₹1,694 Cr | +1.44% | +1.40% | +1.28% |
| Small Industries Devp. Bank of India Ltd. | Financial | 4.65% | ₹553 Cr | +4.12% | +2.44% | +7.72% |
| Canara Bank | Financial | 4.11% | ₹489 Cr | +2.37% | +2.30% | — |
| Power Grid Corporation Of India Ltd. | Energy | 3.23% | ₹383 Cr | +2.64% | +2.58% | +1.20% |
| HDFC Bank Ltd. | Financial | 3.01% | ₹358 Cr | +1.68% | +1.64% | +4.32% |
| Bank Of Baroda | Financial | 2.90% | ₹344 Cr | +2.88% | +2.84% | +2.24% |
| Axis Bank Ltd. | Financial | 2.46% | ₹292 Cr | +0.40% | +0.42% | +1.10% |
| ICICI Bank Ltd. | Financial | 2.21% | ₹264 Cr | +3.58% | +2.00% | +0.46% |
| REC Ltd. | Financial | 2.10% | ₹250 Cr | +1.00% | +1.00% | +0.95% |
| Export-Import Bank Of India | Financial | 2.06% | ₹245 Cr | +1.98% | +1.92% | +1.54% |
| Union Bank of India | Financial | 2.06% | ₹245 Cr | — | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 1.85% | ₹220 Cr | +0.63% | +0.60% | +1.17% |
| National Bank For Agriculture & Rural Development | Financial | 1.67% | ₹199 Cr | +1.32% | +2.68% | +5.00% |
| NTPC Ltd. | Energy | 1.60% | ₹191 Cr | +3.48% | +3.42% | +5.38% |
| Gujarat State | Construction | 0.86% | ₹102 Cr | — | — | — |
| Power Finance Corporation Ltd. | Financial | 0.84% | ₹99.70 Cr | +2.44% | +2.38% | +0.78% |
| National Highways Authority of India Ltd. | Services | 0.68% | ₹81.00 Cr | +0.52% | +0.50% | +0.48% |
| GOI | Sovereign | 0.51% | ₹60.75 Cr | +0.27% | +0.94% | +1.63% |
| NHPC Ltd. | Energy | 0.43% | ₹50.77 Cr | +0.42% | +0.42% | +0.40% |
| Indian Bank | Financial | 0.41% | ₹49.07 Cr | +0.60% | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 0.41% | ₹49.34 Cr | +0.40% | +0.39% | +0.36% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.21% | ₹24.62 Cr | +1.86% | +2.43% | +1.49% |
| Nuclear Power Corpn. Of India Ltd. | Energy | 0.21% | ₹25.11 Cr | +0.21% | +3.35% | +0.63% |
| Punjab National Bank | Financial | 0.21% | ₹24.47 Cr | +0.20% | — | — |
| National Housing Bank | Financial | 0.08% | ₹10.01 Cr | +0.08% | +0.08% | +1.44% |
| Odisha State | Financial | 0.08% | ₹9.90 Cr | +0.08% | +0.08% | +2.17% |
| Tamilnadu State | Others | 0.01% | ₹1.21 Cr | +0.01% | +0.01% | +0.01% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Union Bank of India | 0.00% | 2.06% | +2.06% |
| Canara Bank | 2.43% | 4.11% | +1.68% |
| Kotak Mahindra Bank Ltd. | 1.43% | 0.41% | -1.02% |
| Gujarat State | 0.21% | 0.86% | +0.65% |
| Power Finance Corporation Ltd. | 1.21% | 0.80% | -0.41% |
| ICICI Bank Ltd. | 1.80% | 1.40% | -0.40% |
| Indian Bank | 0.61% | 0.41% | -0.20% |
| GOI | 0.42% | 0.51% | +0.09% |
| Axis Bank Ltd. | 2.42% | 2.46% | +0.04% |
| Export-Import Bank Of India | 2.03% | 2.06% | +0.03% |
| Power Grid Corporation Of India Ltd. | 3.15% | 3.17% | +0.02% |
| Bank Of Baroda | 1.45% | 1.46% | +0.01% |
| NHPC Ltd. | 0.42% | 0.43% | +0.01% |
| Others | 0.36% | 0.37% | +0.01% |
| Small Industries Devp. Bank of India Ltd. | 0.41% | 0.42% | +0.01% |
| Punjab National Bank | 0.20% | 0.21% | +0.01% |
| HDFC Bank Ltd. | 1.05% | 1.05% | 0.00% |
| Hindustan Petroleum Corporation Ltd. | 0.21% | 0.21% | 0.00% |
| Indian Railway Finance Corporation Ltd. | 0.21% | 0.21% | 0.00% |
| NTPC Ltd. | 1.17% | 1.17% | 0.00% |
| National Bank For Agriculture & Rural Development | 0.04% | 0.04% | 0.00% |
| National Highways Authority of India Ltd. | 0.26% | 0.26% | 0.00% |
| National Housing Bank | 0.08% | 0.08% | 0.00% |
| Nuclear Power Corpn. Of India Ltd. | 0.21% | 0.21% | 0.00% |
| Odisha State | 0.08% | 0.08% | 0.00% |
| REC Ltd. | 0.21% | 0.21% | 0.00% |
| Tamilnadu State | 0.01% | 0.01% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,693 Cr | 0.61% | 4.9% | 6.3% | 6.6% |
 ICICI Prudential Banking and PSU Debt Fund | ₹8,082 Cr | 0.72% | 4.4% | 6.0% | 6.5% |
 Kotak Banking and PSU Debt Fund | ₹4,675 Cr | 0.75% | 4.4% | 6.0% | 6.4% |
 UTI Banking & PSU Debt Fund | ₹1,448 Cr | 0.46% | 5.9% | 6.7% | 7.0% |
 Franklin India Banking & PSU Debt Fund | ₹565 Cr | 0.49% | 5.0% | 6.4% | 6.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
To achieve optimal returns by investing in money market and debt instruments issued by scheduled commercial banks.
Fund managers
- Gautam KaulMr. Kaul is a B.Com (H) and MBA (Finance).Prior to joining Bandhan Mutual Fund(formerly IDFC Mutual Fund), he has worked with Edelweiss AMC, Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd.
- Suyash ChoudharyMr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.01% absolute | ₹60,000 | ₹61,806 | 3.01% | |
| 1 year4.97% annualised | ₹1,20,000 | ₹1,23,280 | 2.73% | |
| 3 years6.74% annualised | ₹3,60,000 | ₹3,99,980 | 11.11% | |
| 5 years5.97% annualised | ₹6,00,000 | ₹7,00,631 | 16.77% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.