Aditya Birla Sun Life Banking & PSU Debt Fund vs Bandhan Short Term 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 Bandhan Short Term Fund is a Short Duration fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Banking & PSU Debt Fund (Direct) returned 6.8% a year and Bandhan Short Term Fund (Direct) returned 7.6% a year. Aditya Birla Sun Life Banking & PSU Debt Fund charges 0.41% a year and Bandhan Short Term Fund 0.39% (Direct plans). Their portfolios overlap 12.1%: they hold 18 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
Bandhan Short Term Fund
Short Duration
- 3 year return
- 7.6%
- Expense ratio
- 0.39%
- NAV
- ₹65.95
Which is better, Aditya Birla Sun Life Banking & PSU Debt or Bandhan Short Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan Short Term returned more over 5 years: 6.5% a year against 6.1%.
- Bandhan Short Term returned more over 3 years: 7.6% a year against 6.8%.
- Bandhan Short Term costs less: 0.39% a year against 0.41% (Direct plans).
- Bandhan Short Term swung less over 3 years: a standard deviation of 1.0% a year against 1.1%.
- Bandhan Short Term fell less in its worst fall since 03-01-2013: −2.5% against −3.0%.
- Bandhan Short Term is the larger fund: ₹8,680 Cr against ₹8,439 Cr.
- Their portfolios overlap 12.1%: 18 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 | Bandhan Short Term Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Bandhan Mutual Fund |
| Category | Banking & PSU | Short Duration |
| AUM | ₹8,439 Cr (30-09-2026) | ₹8,680 Cr (30-09-2026) |
| NAV | ₹402.77 (Direct) | ₹65.95 (Direct) |
| Expense ratio (Direct) | 0.41% | 0.39% |
| Expense ratio (Regular) | 0.75% | 0.87% |
| Riskometer | Moderate | Low to Moderate |
| Benchmark | NIFTY Banking & PSU Debt Index A-II | NIFTY Short Duration Debt Index A-II |
| Launch date | 19-04-2002 | 13-12-2000 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Kaustubh Gupta, Harshil Suvarnkar | Suyash Choudhary |
| Exit load | Nil | Nil |
Aditya Birla Sun Life Banking & PSU Debt vs Bandhan Short Term: 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% |
| Bandhan Short Term Fund (Direct) | +0.04% | +0.72% | +3.17% | +5.54% | +7.64% | +6.48% | +7.08% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
Category average: the average of the 19 Banking & PSU funds and the 25 Short Duration funds, same plan type.
Aditya Birla Sun Life Banking & PSU Debt vs Bandhan Short Term: Year-wise Returns
| Year | Aditya Birla Sun Life Banking & PSU DebtAditya Birla Sun Life Banking & PSU Debt | Bandhan Short TermBandhan Short Term |
|---|---|---|
| 2026to date | +2.86% | +4.69% |
| 2025 | +7.71% | +7.98% |
| 2024 | +8.24% | +8.36% |
| 2023 | +7.23% | +7.41% |
| 2022 | +4.01% | +3.28% |
| 2021 | +3.94% | +3.88% |
Aditya Birla Sun Life Banking & PSU Debt vs Bandhan Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,620 of them, one for each trading day from 04-01-2016 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)
Bandhan Short Term Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 | 1.3 | 82.1 | 16.6 | 0.0 | 0.0 | 0.0 | 8.1% | 8.1% | 4.9% | 12.3% |
| Bandhan Short Term | 0.0 | 5.2 | 93.0 | 1.8 | 0.0 | 0.0 | 0.0 | 7.7% | 7.9% | 4.5% | 10.5% |
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 03-01-2013. Past returns do not promise future returns.
Aditya Birla Sun Life Banking & PSU Debt vs Bandhan Short Term: 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 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) | ₹16,60,000 | ₹28,11,972 | ₹11,51,972 | 7.3% |
| Bandhan Short TermBandhan Short Term Fund (Direct) | ₹16,60,000 | ₹28,05,491 | ₹11,45,491 | 7.2% |
Aditya Birla Sun Life Banking & PSU DebtAditya Birla Sun Life Banking & PSU Debt Fund (Direct)
Bandhan Short TermBandhan Short Term 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 Bandhan Short Term: 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) | Bandhan Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.49% | +5.54% |
| Standard deviation | 1.30% | 1.11% |
| Sharpe ratio | -1.36 | 0.27 |
| Sortino ratio | -1.80 | 0.41 |
| Maximum drawdown | −0.7% (23-10-2026) | −0.4% (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) | Bandhan Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +7.64% |
| Standard deviation | 1.07% | 1.00% |
| Sharpe ratio | 0.68 | 1.61 |
| Sortino ratio | 0.97 | 2.54 |
| Maximum drawdown | −0.7% (23-10-2026) | −0.6% (26-08-2025) |
| 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) | Bandhan Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.12% | +6.48% |
| Standard deviation | 0.99% | 1.20% |
| Sharpe ratio | 0.33 | 0.56 |
| Sortino ratio | 0.45 | 0.79 |
| Maximum drawdown | −0.8% (06-05-2022) | −1.8% (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) | Bandhan Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.09% | +7.72% |
| Standard deviation | 1.59% | 1.42% |
| Sharpe ratio | 1.28 | 1.18 |
| Sortino ratio | 2.00 | 1.87 |
| Maximum drawdown | −3.0% (23-03-2020) | −2.5% (24-03-2020) |
| 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)
Bandhan Short Term 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% |
| Bandhan Short Term Fund (Direct) | −2.5% | 06-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | −0.1% |
From daily values since 03-01-2013, 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)
Bandhan Short Term 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)
Bandhan Short Term 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)
Bandhan Short Term Fund (Direct)
Aditya Birla Sun Life Banking & PSU Debt vs Bandhan Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Banking & PSU Debt Fund, September 2026; Bandhan Short Term Fund, September 2026
Holdings in common
- Overlap
- 12.1%
- Held by both
- 18
- Only in Aditya Birla Sun Life Banking & PSU Debt
- 158
- Only in Bandhan Short Term
- 64
| Security | % of Aditya Birla Sun Life Banking & PSU Debt | % of Bandhan Short Term |
|---|---|---|
| 7.48% National Bank for Agriculture and Rural Development (15/09/2028) | 6.72% | 4.58% |
| HDFC Bank Ltd. (12/03/2027) | 0.86% | 3.07% |
| Small Industries Development Bank of India (20/08/2027) | 0.83% | 4.64% |
| 6.60% REC Ltd. (30/06/2027) | 0.71% | 0.74% |
| 8.30% REC Ltd. (23/03/2029) | 0.60% | 2.16% |
| Kotak Mahindra Bank Ltd. (12/02/2027) | 0.58% | 1.12% |
| Indian Bank (24/06/2027) | 0.56% | 0.82% |
| HDFC Bank Ltd. (09/03/2027) | 0.86% | 0.56% |
| Corporate Debt Mkt Devp. Fund-A2 | 0.34% | 0.37% |
| 7.46% Indian Railway Finance Corporation Ltd. (18/06/2029) | 0.29% | 1.15% |
| 7.83% Bajaj Housing Finance Ltd. (18/05/2029) | 0.29% | 2.28% |
| 7.44% Power Finance Corporation Ltd. (15/01/2030) | 0.29% | 1.42% |
| 7.45% Power Finance Corporation Ltd. (15/07/2028) | 1.47% | 0.29% |
| 7.46% REC Ltd. (30/06/2028) | 0.35% | 0.29% |
| HDFC Bank Ltd. (05/02/2027) | 1.16% | 0.28% |
| HDFC Bank Ltd. (15/02/2027) | 0.29% | 0.28% |
| Union Bank of India (16/03/2027) | 0.29% | 0.28% |
| Small Industries Development Bank of India (11/06/2027) | 0.28% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.1% means 12.1% 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% |
| 6.78% Indian Railway Finance Corporation Ltd. (30/04/2030) | 1.87% |
| 7.42% State Bank of India (29/08/2039) | 1.83% |
Largest holdings only in Bandhan Short Term Fund
| Security | % of fund |
|---|---|
| Canara Bank | 4.00% |
| HDFC Bank Limited | 3.95% |
| 7.07% Bajaj Finance Limited | 3.10% |
| 7.8% Tata Capital Housing Finance Limited | 2.88% |
| Small Industries Dev Bank of India | 2.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Banking & PSU Debt | Bandhan Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 89.7% | 86.8% |
| Cash and others | 10.3% | 13.2% |
Aditya Birla Sun Life Banking & PSU Debt vs Bandhan Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Banking & PSU Debt Fund | Bandhan Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.41% | 0.39% |
| Base expense ratio (Direct) | 0.33% | 0.31% |
| Total expense ratio (Regular) | 0.75% | 0.87% |
| Base expense ratio (Regular) | 0.62% | 0.72% |
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 Bandhan Short Term Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Banking & PSU Debt Fund and Bandhan Short Term Fund?
Aditya Birla Sun Life Banking & PSU Debt Fund is a Banking & PSU fund, Bandhan Short Term Fund is a Short Duration fund, run by Aditya Birla Sun Life Mutual Fund and Bandhan Mutual Fund. Their portfolios overlap 12.1%. Aditya Birla Sun Life Banking & PSU Debt Fund charges 0.41% a year and Bandhan Short Term Fund 0.39%.
Which has given higher returns, Aditya Birla Sun Life Banking & PSU Debt Fund or Bandhan Short Term Fund?
Over 1 year: Aditya Birla Sun Life Banking & PSU Debt Fund +3.49%, Bandhan Short Term Fund +5.54%. Over 3 years: Aditya Birla Sun Life Banking & PSU Debt Fund +6.75% a year, Bandhan Short Term Fund +7.64% a year. Over 5 years: Aditya Birla Sun Life Banking & PSU Debt Fund +6.12% a year, Bandhan Short Term Fund +6.48% 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 Bandhan Short Term Fund?
Bandhan Short Term Fund charges less: 0.39% 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 Bandhan Short Term Fund overlap?
12.1%. They hold 18 of the same securities, the largest shared ones being 7.48% National Bank for Agriculture and Rural Development (15/09/2028), HDFC Bank Ltd. (12/03/2027), Small Industries Development Bank of India (20/08/2027). From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Banking & PSU Debt Fund or Bandhan Short Term Fund?
On SEBI's riskometer, Aditya Birla Sun Life Banking & PSU Debt Fund is rated Moderate and Bandhan Short Term Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 1.07% and 1.00% a year.
Which is better for SIP, Aditya Birla Sun Life Banking & PSU Debt Fund or Bandhan Short Term 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 ₹7,29,545 in Bandhan Short Term Fund (XIRR 7.0% 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 Bandhan Short Term Fund?
Yes. 12.1% 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 Bandhan Short Term Fund?
Aditya Birla Sun Life Banking & PSU Debt Fund: Kaustubh Gupta, Harshil Suvarnkar. Bandhan Short Term Fund: Suyash Choudhary.
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.