Aditya Birla Sun Life Banking & PSU Debt Fund vs AXIS Corporate Bond Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Banking & PSU Debt Fund is a Banking & PSU fund and AXIS Corporate Bond Fund is a Corporate Bond fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Banking & PSU Debt Fund (Direct) returned 6.8% a year and AXIS Corporate Bond Fund (Direct) returned 7.4% a year. Aditya Birla Sun Life Banking & PSU Debt Fund charges 0.41% a year and AXIS Corporate Bond Fund 0.36% (Direct plans). Their portfolios overlap 16.3%: they hold 30 of the same securities.
Aditya Birla Sun Life Banking & PSU Debt Fund
Banking & PSU
- 3 year return
- 6.8%
- Expense ratio
- 0.41%
- NAV
- ₹402.77
AXIS Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.4%
- Expense ratio
- 0.36%
- NAV
- ₹19.33
Which is better, Aditya Birla Sun Life Banking & PSU Debt or AXIS Corporate Bond? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- AXIS Corporate Bond returned more over 5 years: 6.7% a year against 6.1%.
- AXIS Corporate Bond returned more over 3 years: 7.4% a year against 6.8%.
- AXIS Corporate Bond costs less: 0.36% a year against 0.41% (Direct plans).
- Aditya Birla Sun Life Banking & PSU Debt swung less over 3 years: a standard deviation of 1.1% a year against 1.1%.
- Aditya Birla Sun Life Banking & PSU Debt fell less in its worst fall since 18-07-2017: −3.0% against −3.8%.
- Aditya Birla Sun Life Banking & PSU Debt is the larger fund: ₹8,439 Cr against ₹7,453 Cr.
- Their portfolios overlap 16.3%: 30 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Banking & PSU Debt Fund | AXIS Corporate Bond Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Axis Mutual Fund |
| Category | Banking & PSU | Corporate Bond |
| AUM | ₹8,439 Cr (30-09-2026) | ₹7,453 Cr (30-09-2026) |
| NAV | ₹402.77 (Direct) | ₹19.33 (Direct) |
| Expense ratio (Direct) | 0.41% | 0.36% |
| Expense ratio (Regular) | 0.75% | 0.96% |
| Riskometer | Moderate | Moderate |
| Benchmark | NIFTY Banking & PSU Debt Index A-II | NIFTY Corporate Bond Index A-II |
| Launch date | 19-04-2002 | 13-07-2017 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Kaustubh Gupta, Harshil Suvarnkar | Devang Shah, Hardik Shah |
| Exit load | Nil | Nil |
Aditya Birla Sun Life Banking & PSU Debt vs AXIS Corporate Bond: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Banking & PSU Debt Fund (Direct) | −0.29% | −0.13% | +1.99% | +3.49% | +6.75% | +6.12% | +6.97% |
| AXIS Corporate Bond Fund (Direct) | −0.20% | +0.08% | +2.41% | +4.31% | +7.44% | +6.67% | -- |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | +6.20% | -- |
Category average: the average of the 19 Banking & PSU funds and the 21 Corporate Bond funds, same plan type.
Aditya Birla Sun Life Banking & PSU Debt vs AXIS Corporate Bond: Year-wise Returns
| Year | Aditya Birla Sun Life Banking & PSU DebtAditya Birla Sun Life Banking & PSU Debt | AXIS Corporate BondAXIS Corporate Bond |
|---|---|---|
| 2026to date | +2.86% | +3.56% |
| 2025 | +7.71% | +8.55% |
| 2024 | +8.24% | +8.69% |
| 2023 | +7.23% | +7.51% |
| 2022 | +4.01% | +4.40% |
| 2021 | +3.94% | +4.38% |
Aditya Birla Sun Life Banking & PSU Debt vs AXIS Corporate Bond: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,525 of them, one for each trading day from 20-07-2020 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Banking & PSU Debt Fund (Direct)
AXIS Corporate Bond Fund (Direct)
to
Jan 2021Feb 2019
to
Feb 2022Mar 2020
to
Mar 2023Apr 2021
to
Apr 2024Apr 2022
to
Apr 2025Apr 2023
to
Apr 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Banking & PSU Debt | 0.0 | 2.2 | 97.8 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.1% | 4.9% | 9.5% |
| AXIS Corporate Bond | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.6% | 5.3% | 9.4% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 18-07-2017. Past returns do not promise future returns.
Aditya Birla Sun Life Banking & PSU Debt vs AXIS Corporate Bond: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 03-07-2017 to 30-10-2026: 112 instalments, ₹11,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Banking & PSU DebtAditya Birla Sun Life Banking & PSU Debt Fund (Direct) | ₹11,20,000 | ₹15,35,212 | ₹4,15,212 | 6.6% |
| AXIS Corporate BondAXIS Corporate Bond Fund (Direct) | ₹11,20,000 | ₹15,68,177 | ₹4,48,177 | 7.0% |
Aditya Birla Sun Life Banking & PSU DebtAditya Birla Sun Life Banking & PSU Debt Fund (Direct)
AXIS Corporate BondAXIS Corporate Bond Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Banking & PSU Debt vs AXIS Corporate Bond: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Banking & PSU Debt Fund (Direct) | AXIS Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.49% | +4.31% |
| Standard deviation | 1.30% | 1.33% |
| Sharpe ratio | -1.36 | -0.70 |
| Sortino ratio | -1.80 | -0.98 |
| Maximum drawdown | −0.7% (23-10-2026) | −0.6% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Banking & PSU Debt Fund (Direct) | AXIS Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +7.44% |
| Standard deviation | 1.07% | 1.10% |
| Sharpe ratio | 0.68 | 1.29 |
| Sortino ratio | 0.97 | 1.94 |
| Maximum drawdown | −0.7% (23-10-2026) | −0.6% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Banking & PSU Debt Fund (Direct) | AXIS Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.12% | +6.67% |
| Standard deviation | 0.99% | 1.01% |
| Sharpe ratio | 0.33 | 0.86 |
| Sortino ratio | 0.45 | 1.23 |
| Maximum drawdown | −0.8% (06-05-2022) | −0.9% (06-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Banking & PSU Debt Fund (Direct) | AXIS Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.09% | +7.33% |
| Standard deviation | 1.59% | 1.97% |
| Sharpe ratio | 1.28 | 1.00 |
| Sortino ratio | 2.00 | 1.29 |
| Maximum drawdown | −3.0% (23-03-2020) | −3.8% (04-06-2019) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Banking & PSU Debt Fund (Direct)
AXIS Corporate Bond Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Banking & PSU Debt Fund (Direct) | −3.0% | 06-03-2020 | 23-03-2020 | 20-04-2020 | 28 days | −0.6% |
| AXIS Corporate Bond Fund (Direct) | −3.8% | 03-06-2019 | 04-06-2019 | 09-10-2019 | 4 months | −0.4% |
From daily values since 18-07-2017, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Banking & PSU Debt Fund (Direct)
AXIS Corporate Bond Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Banking & PSU Debt Fund (Direct)
AXIS Corporate Bond Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Banking & PSU Debt Fund (Direct)
AXIS Corporate Bond Fund (Direct)
Aditya Birla Sun Life Banking & PSU Debt vs AXIS Corporate Bond: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Banking & PSU Debt Fund, September 2026; AXIS Corporate Bond Fund, September 2026
Holdings in common
- Overlap
- 16.3%
- Held by both
- 30
- Only in Aditya Birla Sun Life Banking & PSU Debt
- 146
- Only in AXIS Corporate Bond
- 85
| Security | % of Aditya Birla Sun Life Banking & PSU Debt | % of AXIS Corporate Bond |
|---|---|---|
| 7.48% National Bank for Agriculture and Rural Development (15/09/2028) | 6.72% | 1.67% |
| 7.44% National Bank for Agriculture and Rural Development (24/02/2028) | 1.77% | 1.67% |
| Shivshakti Securitisation Trust (28/09/2029) | 1.64% | 1.73% |
| 7.45% Power Finance Corporation Ltd. (15/07/2028) | 1.47% | 1.34% |
| 6.85% National Bank for Agriculture and Rural Development (19/01/2029) | 1.16% | 3.61% |
| 6.78% Indian Railway Finance Corporation Ltd. (30/04/2030) | 1.87% | 0.98% |
| Siddhivinayak Securitisation Trust (28/09/2030) | 0.97% | 2.49% |
| 7.40% Bharti Telecom Ltd. (01/02/2029) | 0.75% | 2.10% |
| 7.70% Small Industries Development Bank of India (10/10/2029) | 1.77% | 0.67% |
| 8.23% Indian Railway Finance Corporation Ltd. (29/03/2029) | 0.66% | 1.77% |
| 7.34% TATA Capital Ltd. (21/02/2029) (FRN) | 0.59% | 2.68% |
| 7.38% REC Ltd. (28/02/2029) | 0.59% | 2.40% |
| 7.45% Bharti Telecom Ltd. (15/12/2028) | 0.47% | 0.99% |
| Government of India (18/08/2055) | 0.39% | 0.89% |
| 7.46% REC Ltd. (30/06/2028) | 0.35% | 0.67% |
| Corporate Debt Mkt Devp. Fund-A2 | 0.34% | 0.36% |
| 7.35% Export-Import Bank of India (27/07/2028) | 0.94% | 0.33% |
| 7.12% Export-Import Bank of India (27/06/2030) | 0.29% | 0.33% |
| 7.40% Bajaj Finance Ltd. (12/03/2029) | 0.29% | 0.99% |
| 7.64% Bajaj Housing Finance Ltd. (01/07/2030) | 0.29% | 1.31% |
| India Universal Trust AL1 (20/09/2030) | 0.21% | 1.12% |
| 7.60% Power Finance Corporation Ltd. (13/04/2029) | 1.77% | 0.13% |
| 8.55% Indian Railway Finance Corporation Ltd. (21/02/2029) | 0.12% | 0.21% |
| 7.39% Indian Railway Finance Corporation Ltd. (15/07/2034) | 0.12% | 0.92% |
| India Universal Trust AL2 (21/11/2030) | 0.09% | 0.62% |
| India Universal Trust AL2 (21/09/2027) | 0.05% | 0.14% |
| India Universal Trust AL1 (20/03/2027) | 0.05% | 0.13% |
| Government of India (06/10/2035) | 0.04% | 0.40% |
| Government of India (11/05/2036) | 0.01% | 2.31% |
| Government of India (23/10/2028) | 0.01% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.3% means 16.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Banking & PSU Debt Fund
| Security | % of fund |
|---|---|
| 6.58% Indian Railway Finance Corporation Ltd. (30/05/2030) | 2.28% |
| 7.56% REC Ltd. (31/08/2027) | 2.25% |
| 7.28% REC Ltd. (31/08/2029) | 2.05% |
| 7.42% State Bank of India (29/08/2039) | 1.83% |
| 7.34% Small Industries Development Bank of India (26/02/2029) | 1.47% |
Largest holdings only in AXIS Corporate Bond Fund
| Security | % of fund |
|---|---|
| 7.66% Bajaj Housing Finance Limited (20/03/2028) | 2.67% |
| HDFC Bank Limited (05/03/2027) | 2.61% |
| 7.7% Nuclear Power Corporation Of India Limited (21/03/2038) | 2.48% |
| 7.83% Small Industries Dev Bank of India (24/11/2028) | 2.48% |
| 7.04% Small Industries Dev Bank of India (09/02/2029) | 1.98% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Banking & PSU Debt | AXIS Corporate Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 89.7% | 88.2% |
| Cash and others | 10.3% | 11.8% |
Aditya Birla Sun Life Banking & PSU Debt vs AXIS Corporate Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Banking & PSU Debt Fund | AXIS Corporate Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.41% | 0.36% |
| Base expense ratio (Direct) | 0.33% | 0.30% |
| Total expense ratio (Regular) | 0.75% | 0.96% |
| Base expense ratio (Regular) | 0.62% | 0.81% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life Banking & PSU Debt with
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- Aditya Birla Sun Life Banking & PSU Debt vs SBI Banking & PSU Debt
- Aditya Birla Sun Life Banking & PSU Debt vs Kotak Banking and PSU Debt
Aditya Birla Sun Life Banking & PSU Debt Fund vs AXIS Corporate Bond Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Banking & PSU Debt Fund and AXIS Corporate Bond Fund?
Aditya Birla Sun Life Banking & PSU Debt Fund is a Banking & PSU fund, AXIS Corporate Bond Fund is a Corporate Bond fund, run by Aditya Birla Sun Life Mutual Fund and Axis Mutual Fund. Their portfolios overlap 16.3%. Aditya Birla Sun Life Banking & PSU Debt Fund charges 0.41% a year and AXIS Corporate Bond Fund 0.36%.
Which has given higher returns, Aditya Birla Sun Life Banking & PSU Debt Fund or AXIS Corporate Bond Fund?
Over 1 year: Aditya Birla Sun Life Banking & PSU Debt Fund +3.49%, AXIS Corporate Bond Fund +4.31%. Over 3 years: Aditya Birla Sun Life Banking & PSU Debt Fund +6.75% a year, AXIS Corporate Bond Fund +7.44% a year. Over 5 years: Aditya Birla Sun Life Banking & PSU Debt Fund +6.12% a year, AXIS Corporate Bond Fund +6.67% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Banking & PSU Debt Fund or AXIS Corporate Bond Fund?
AXIS Corporate Bond Fund charges less: 0.36% a year against 0.41%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Banking & PSU Debt Fund and AXIS Corporate Bond Fund overlap?
16.3%. They hold 30 of the same securities, the largest shared ones being 7.48% National Bank for Agriculture and Rural Development (15/09/2028), 7.44% National Bank for Agriculture and Rural Development (24/02/2028), Shivshakti Securitisation Trust (28/09/2029). From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Banking & PSU Debt Fund or AXIS Corporate Bond Fund?
On SEBI's riskometer, Aditya Birla Sun Life Banking & PSU Debt Fund is rated Moderate and AXIS Corporate Bond Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.07% and 1.10% a year.
Which is better for SIP, Aditya Birla Sun Life Banking & PSU Debt Fund or AXIS Corporate Bond Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,15,544 in Aditya Birla Sun Life Banking & PSU Debt Fund (XIRR 6.2% a year) and ₹7,27,480 in AXIS Corporate Bond Fund (XIRR 6.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Banking & PSU Debt Fund and AXIS Corporate Bond Fund?
Yes. 16.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Banking & PSU Debt Fund and AXIS Corporate Bond Fund?
Aditya Birla Sun Life Banking & PSU Debt Fund: Kaustubh Gupta, Harshil Suvarnkar. AXIS Corporate Bond Fund: Devang Shah, Hardik Shah.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.