SBI Banking and PSU Debt Fund
- NAV as on 25 Sep 2026
- ₹3,307.32-0.03%1 day
- Return since launch
- 7.3%
- 52-week range
- ₹3,160.01 — ₹3,311.78
- AUM
- ₹3,870 Cr
SBI Banking and PSU Debt Fund is a Banking and PSU debt fund from SBI Mutual Fund with ₹3,870 Cr under management, launched in 2009. Over three years it has returned 6.1% a year, against 6.7% for its category. The expense ratio is 0.80% and the SEBI riskometer reading is Moderate.
Performance
SBI 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 +4.7% against +4.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.7% | +0.1 pts | 4.7% | 4.6% |
| 2Y | 5.4% | +0.1 pts | 5.3% | 5.3% |
| 3Y | 6.1% | −0.6 pts | 6.7% | 6.1% |
| 5Y | 6.3% | +0.4 pts | 5.8% | 6.3% |
| 7Y | 6.0% | −0.2 pts | 6.1% | 6.1% |
| 10Y | 6.3% | −0.4 pts | 6.7% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.1% | +0.1 pts | 0.1% | 0.1% |
| 3M | 0.8% | +0.2 pts | 0.6% | 0.6% |
| 6M | 3.1% | +0.2 pts | 3.0% | 3.0% |
| 1Y | 4.7% | 0.0 pts | 4.7% | 4.6% |
| 2Y | 6.1% | 0.0 pts | 6.1% | 6.1% |
| 3Y | 6.7% | 0.0 pts | 6.7% | 6.7% |
| 5Y | 5.7% | −0.2 pts | 5.8% | 5.8% |
| 7Y | 6.2% | −0.2 pts | 6.4% | 6.3% |
| 10Y | 6.6% | −0.1 pts | 6.7% | 6.6% |
Since launch (30 Sep 2009): 7.3%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.4% | −0.3 pts | 7.7% |
| 2024 | 7.7% | −0.5 pts | 8.2% |
| 2023 | 6.6% | −0.4 pts | 7.0% |
| 2022 | 2.9% | −1.0 pts | 3.9% |
| 2021 | 2.6% | −1.2 pts | 3.8% |
| 2020 | 10.5% | 0.0 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
0.80%
Expense ratio as on 31 Aug 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.67%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.12%
- Exit load
- Exit load of 0.25% if redeemed within 45 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 moderate risk — typically medium duration debt and conservative hybrid 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 | 0.57 | 0.92 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.91 | 1.55 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.51 | 1.28 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
SBI Banking and PSU Debt Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt87.6%
- Other12.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 12.82% | ₹496 Cr | +1.51% | +1.48% | +1.40% |
| Small Industries Devp. Bank of India Ltd. | Financial | 7.76% | ₹300 Cr | +3.79% | +3.75% | +3.75% |
| National Bank For Agriculture & Rural Development | Financial | 6.90% | ₹267 Cr | +4.80% | +4.76% | +4.76% |
| GOI | Sovereign | 6.20% | ₹240 Cr | +4.11% | +1.93% | +2.44% |
| Union Bank of India | Financial | 5.61% | ₹217 Cr | +9.53% | — | — |
| Canara Bank | Financial | 5.14% | ₹199 Cr | +0.51% | +0.50% | +0.50% |
| Power Grid Corporation Of India Ltd. | Energy | 4.89% | ₹189 Cr | +9.29% | +9.26% | +10.40% |
| Tamilnadu State | Others | 4.68% | ₹181 Cr | — | — | +0.63% |
| ONGC Petro Additions Ltd. | Energy | 4.53% | ₹175 Cr | +4.42% | +2.49% | +2.48% |
| GAIL (India) Ltd. | Energy | 4.52% | ₹175 Cr | +4.40% | +4.38% | +3.75% |
| Housing & Urban Development Corporation Ltd. | Financial | 4.50% | ₹174 Cr | — | — | — |
| India Infrastructure Finance Company Ltd. | Construction | 3.81% | ₹147 Cr | +3.66% | +3.68% | +3.68% |
| National Highways Infra Trust | Construction | 3.38% | ₹131 Cr | +3.20% | +3.18% | +3.05% |
| REC Ltd. | Financial | 3.24% | ₹125 Cr | +5.69% | +0.75% | +0.75% |
| Punjab National Bank | Financial | 3.08% | ₹119 Cr | +4.78% | +1.24% | +1.22% |
| LIC Housing Finance Ltd. | Financial | 3.05% | ₹118 Cr | — | — | — |
| Assam State | Others | 2.58% | ₹99.80 Cr | — | — | — |
| National Bank For Financing Infrastructure And Development | Financial | 1.28% | ₹49.63 Cr | — | — | +4.24% |
| Indian Bank | Financial | 1.27% | ₹49.18 Cr | — | — | — |
| Bank Of Baroda | Financial | 1.26% | ₹48.59 Cr | +4.81% | +1.87% | +1.87% |
| Yes Bank Ltd. | Financial | 1.16% | ₹44.99 Cr | +1.13% | — | — |
| PNB Housing Finance Ltd. | Financial | 1.16% | ₹44.79 Cr | — | — | — |
| Telangana State | Financial | 0.91% | ₹35.34 Cr | — | — | — |
| State Bank of India | Financial | 0.65% | ₹25.17 Cr | — | — | +1.72% |
| NHPC Ltd. | Energy | 0.65% | ₹25.04 Cr | +0.63% | +0.63% | +0.63% |
| Nuclear Power Corpn. Of India Ltd. | Energy | 0.64% | ₹24.95 Cr | +0.63% | +0.88% | +2.62% |
| Axis Bank Ltd. | Financial | 0.64% | ₹24.63 Cr | — | — | — |
| Deutsche Bank AG (India) | Financial | -5.17% | ₹-200.00 Cr | -12.65% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| GOI | 1.02% | 6.20% | +5.18% |
| Deutsche Bank AG (India) | 0.00% | -5.17% | -5.17% |
| Bank Of Baroda | 4.78% | 1.26% | -3.52% |
| company:4907 | 3.16% | 0.00% | -3.16% |
| company:14515 | 1.89% | 0.00% | -1.89% |
| company:1412 | 1.28% | 0.00% | -1.28% |
| Indian Bank | 0.00% | 1.27% | +1.27% |
| company:5848 | 0.64% | 0.00% | -0.64% |
| Axis Bank Ltd. | 0.00% | 0.64% | +0.64% |
| Housing & Urban Development Corporation Ltd. | 5.06% | 4.50% | -0.56% |
| Union Bank of India | 3.04% | 3.12% | +0.08% |
| ONGC Petro Additions Ltd. | 4.46% | 4.53% | +0.07% |
| GAIL (India) Ltd. | 4.45% | 4.52% | +0.07% |
| Power Grid Corporation Of India Ltd. | 4.72% | 4.76% | +0.04% |
| Punjab National Bank | 2.41% | 2.45% | +0.04% |
| India Infrastructure Finance Company Ltd. | 3.77% | 3.81% | +0.04% |
| National Bank For Agriculture & Rural Development | 4.29% | 4.33% | +0.04% |
| LIC Housing Finance Ltd. | 3.02% | 3.05% | +0.03% |
| Assam State | 2.55% | 2.58% | +0.03% |
| National Highways Infra Trust | 3.36% | 3.38% | +0.02% |
| REC Ltd. | 1.92% | 1.94% | +0.02% |
| Yes Bank Ltd. | 1.14% | 1.16% | +0.02% |
| PNB Housing Finance Ltd. | 1.14% | 1.16% | +0.02% |
| Telangana State | 0.90% | 0.91% | +0.01% |
| Tamilnadu State | 4.67% | 4.68% | +0.01% |
| National Bank For Financing Infrastructure And Development | 1.27% | 1.28% | +0.01% |
| Others | 0.38% | 0.39% | +0.01% |
| NHPC Ltd. | 0.64% | 0.65% | +0.01% |
| Nuclear Power Corpn. Of India Ltd. | 0.64% | 0.64% | 0.00% |
| Small Industries Devp. Bank of India Ltd. | 1.57% | 1.57% | 0.00% |
| Canara Bank | 0.26% | 0.26% | 0.00% |
| State Bank of India | 0.65% | 0.65% | 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 | ₹5,539 Cr | 0.63% | 5.3% | 6.5% | 6.7% |
 Bandhan Banking and PSU Debt Fund | ₹12,014 Cr | 0.68% | 5.6% | 6.4% | 6.5% |
 ICICI Prudential Banking and PSU Debt Fund | ₹8,667 Cr | 0.74% | 4.8% | 6.3% | 6.6% |
 Kotak Banking and PSU Debt Fund | ₹4,937 Cr | 0.75% | 4.5% | 6.2% | 6.5% |
 UTI Banking & PSU Debt Fund | ₹1,508 Cr | 0.47% | 6.2% | 6.9% | 7.2% |
 Franklin India Banking & PSU Debt Fund | ₹567 Cr | 0.49% | 5.7% | 6.8% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate regular income through a judicious mix of portfolio comprising predominantly debt and money market securities of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal bodies.
Fund managers
- Ardhendu BhattacharyaMr. Bhattacharya is a MBA (Marketing) and Bachelor of Engineering.Prior to joining SBI Mutual Fund, he has worked with ICICI Bank and Citibank.
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 months3.14% absolute | ₹60,000 | ₹61,884 | 3.14% | |
| 1 year4.66% annualised | ₹1,20,000 | ₹1,23,073 | 2.56% | |
| 3 years6.65% annualised | ₹3,60,000 | ₹3,99,410 | 10.95% | |
| 5 years5.65% annualised | ₹6,00,000 | ₹6,94,716 | 15.79% |
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.