SBI Banking and PSU Debt Fund
- NAV as on 9 Nov 2026
- ₹3,323.68+0.08%1 day
- Return since launch
- 7.3%
- 52-week range
- ₹3,191.24 — ₹3,321.18
- AUM
- ₹7,248 Cr
SBI Banking and PSU Debt Fund is a Banking and PSU debt fund from SBI Mutual Fund with ₹7,248 Cr under management, launched in 2009. Over three years it has returned 5.9% a year, against 6.6% for its category. The expense ratio is 0.78% and the SEBI riskometer reading is Low to 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 +4.1% 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 | 4.4% | +0.3 pts | 4.1% | 4.3% |
| 2Y | 5.1% | +0.1 pts | 5.0% | 5.0% |
| 3Y | 5.9% | −0.8 pts | 6.6% | 5.8% |
| 5Y | 6.2% | +0.3 pts | 5.9% | 6.2% |
| 7Y | 5.9% | −0.2 pts | 6.0% | 6.0% |
| 10Y | 6.2% | −0.4 pts | 6.6% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | −0.2 pts | 0.5% | 0.5% |
| 3M | 0.4% | +0.1 pts | 0.4% | 0.4% |
| 6M | 2.8% | +0.1 pts | 2.6% | 2.6% |
| 1Y | 4.1% | 0.0 pts | 4.1% | 4.2% |
| 2Y | 6.0% | +0.1 pts | 5.9% | 5.9% |
| 3Y | 6.6% | 0.0 pts | 6.6% | 6.7% |
| 5Y | 5.7% | −0.2 pts | 5.9% | 5.9% |
| 7Y | 6.0% | −0.2 pts | 6.2% | 6.1% |
| 10Y | 6.5% | 0.0 pts | 6.6% | 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
0.84%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.70%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.13%
- 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 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 | 0.56 | 0.83 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.92 | 1.41 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.53 | 1.35 | 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 30 Sep 2026
Asset allocation
- Debt99.8%
- Other0.2%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 10.20% | ₹357 Cr | +1.14% | +1.17% | +1.05% |
| Small Industries Devp. Bank of India Ltd. | Financial | 8.42% | ₹296 Cr | +2.79% | +3.96% | +3.75% |
| Canara Bank | Financial | 5.70% | ₹200 Cr | +0.52% | +0.54% | +0.50% |
| Union Bank of India | Financial | 5.53% | ₹194 Cr | +9.60% | +9.80% | — |
| ONGC Petro Additions Ltd. | Energy | 4.99% | ₹175 Cr | +4.42% | +2.62% | +2.48% |
| GAIL (India) Ltd. | Energy | 4.97% | ₹175 Cr | +4.42% | +4.59% | +4.36% |
| HDFC Bank Ltd. | Financial | 4.16% | ₹146 Cr | +1.28% | +5.52% | +2.41% |
| REC Ltd. | Financial | 3.56% | ₹125 Cr | +5.73% | +5.94% | +0.75% |
| Bank Of Baroda | Financial | 3.48% | ₹122 Cr | — | +4.94% | +1.86% |
| India Infrastructure Finance Company Ltd. | Construction | 3.46% | ₹121 Cr | +3.72% | +3.82% | +3.68% |
| Punjab National Bank | Financial | 3.39% | ₹119 Cr | +4.82% | +4.92% | +1.22% |
| Assam State | Others | 2.82% | ₹99.08 Cr | +2.53% | — | — |
| Axis Bank Ltd. | Financial | 2.77% | ₹97.33 Cr | — | +0.65% | — |
| National Bank For Agriculture & Rural Development | Financial | 2.14% | ₹75.08 Cr | +2.40% | +2.50% | +2.37% |
| Reserve Bank of India | Financial | 1.42% | ₹49.95 Cr | — | — | — |
| Indian Bank | Financial | 1.39% | ₹48.99 Cr | — | — | — |
| PNB Housing Finance Ltd. | Financial | 1.27% | ₹44.67 Cr | — | — | — |
| GOI | Sovereign | 1.26% | ₹44.26 Cr | +3.83% | +2.00% | +4.19% |
| NHPC Ltd. | Energy | 0.71% | ₹25.00 Cr | +0.63% | +0.66% | +0.62% |
| State Bank of India | Financial | 0.70% | ₹24.70 Cr | +0.65% | — | +1.72% |
| Power Grid Corporation Of India Ltd. | Energy | 0.14% | ₹5.07 Cr | +4.68% | +4.83% | +5.18% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:18271 | -5.17% | 0.00% | +5.17% |
| GOI | 6.20% | 1.26% | -4.94% |
| company:5849 | 4.68% | 0.00% | -4.68% |
| Power Grid Corporation Of India Ltd. | 4.76% | 0.14% | -4.62% |
| company:5771 | 4.50% | 0.00% | -4.50% |
| HDFC Bank Ltd. | 0.00% | 4.16% | +4.16% |
| company:17087 | 3.38% | 0.00% | -3.38% |
| company:2089 | 3.05% | 0.00% | -3.05% |
| Bank Of Baroda | 1.26% | 3.48% | +2.22% |
| National Bank For Agriculture & Rural Development | 4.33% | 2.14% | -2.19% |
| Axis Bank Ltd. | 0.64% | 2.77% | +2.13% |
| Reserve Bank of India | 0.00% | 1.42% | +1.42% |
| company:18251 | 1.28% | 0.00% | -1.28% |
| company:7079 | 1.16% | 0.00% | -1.16% |
| company:13778 | 0.91% | 0.00% | -0.91% |
| company:4858 | 0.64% | 0.00% | -0.64% |
| ONGC Petro Additions Ltd. | 4.53% | 4.99% | +0.46% |
| GAIL (India) Ltd. | 4.52% | 4.97% | +0.45% |
| India Infrastructure Finance Company Ltd. | 3.81% | 3.46% | -0.35% |
| Union Bank of India | 3.12% | 3.45% | +0.33% |
| Punjab National Bank | 2.45% | 2.70% | +0.25% |
| Assam State | 2.58% | 2.82% | +0.24% |
| REC Ltd. | 1.94% | 2.14% | +0.20% |
| Indian Bank | 1.27% | 1.39% | +0.12% |
| PNB Housing Finance Ltd. | 1.16% | 1.27% | +0.11% |
| NHPC Ltd. | 0.65% | 0.71% | +0.06% |
| State Bank of India | 0.65% | 0.70% | +0.05% |
| Others | 0.39% | 0.43% | +0.04% |
| Canara Bank | 0.26% | 0.29% | +0.03% |
| Small Industries Devp. Bank of India Ltd. | 1.57% | 1.58% | +0.01% |
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 | ₹5,324 Cr | 0.62% | 5.0% | 6.3% | 6.6% |
 Bandhan Banking and PSU Debt Fund | ₹11,848 Cr | 0.68% | 5.1% | 6.2% | 6.4% |
 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
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 months2.76% absolute | ₹60,000 | ₹61,656 | 2.76% | |
| 1 year4.11% annualised | ₹1,20,000 | ₹1,22,705 | 2.25% | |
| 3 years6.63% annualised | ₹3,60,000 | ₹3,99,284 | 10.91% | |
| 5 years5.70% annualised | ₹6,00,000 | ₹6,95,636 | 15.94% |
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.