Aditya Birla Sun Life PSU Equity Fund vs Bharat 22 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life PSU Equity Fund is a Thematic fund and Bharat 22 ETF is an ETF fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life PSU Equity Fund (Direct) returned 18.5% a year and Bharat 22 ETF (Regular) returned 13.9% a year. Aditya Birla Sun Life PSU Equity Fund charges 0.76% a year and Bharat 22 ETF 0.07%. Their portfolios overlap 44.4%: they hold 13 of the same securities.
Aditya Birla Sun Life PSU Equity Fund
Thematic
- 3 year return
- 18.5%
- Expense ratio
- 0.76%
- NAV
- ₹37.52
Which is better, Aditya Birla Sun Life PSU Equity or Bharat 22 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life PSU Equity returned more over 5 years: 21.1% a year against 19.4%.
- Aditya Birla Sun Life PSU Equity returned more over 3 years: 18.5% a year against 13.9%.
- Bharat 22 ETF costs less: 0.07% a year against 0.76%.
- Bharat 22 ETF swung less over 3 years: a standard deviation of 18.2% a year against 20.6%.
- Aditya Birla Sun Life PSU Equity fell less in its worst fall since 01-01-2020: −33.8% against −41.0%.
- Bharat 22 ETF holds more in large companies: 91.6% of the fund in large caps against 73.2%.
- Bharat 22 ETF is the larger fund: ₹9,531 Cr against ₹5,775 Cr.
- Their portfolios overlap 44.4%: 13 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 PSU Equity Fund | Bharat 22 ETF |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹5,775 Cr (30-09-2026) | ₹9,531 Cr (30-09-2026) |
| NAV | ₹37.52 (Direct) | ₹108.99 (Regular) |
| Expense ratio (Direct) | 0.76% | Not available |
| Expense ratio (Regular) | 1.88% | 0.07% |
| Riskometer | Very High | Not available |
| Benchmark | BSE PSU TRI | BSE Bharat 22 TRI |
| Launch date | 30-12-2019 | 24-11-2017 |
| Minimum investment | ₹500 | During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its mul |
| Lock in | None | None |
| Fund managers | Dhaval Gala | Nishit Patel, Ashwini Bharucha, Ajaykumar Solanki, Venus Ahuja |
| Exit load | Exit load of 1% if redeemed within 30 days. | Not available |
Aditya Birla Sun Life PSU Equity vs Bharat 22 ETF: 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 PSU Equity Fund (Direct) | −1.60% | −4.84% | −7.97% | −0.64% | +18.46% | +21.14% | -- |
| Bharat 22 ETF (Regular) | −1.16% | −5.79% | −12.31% | −6.66% | +13.88% | +19.37% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Aditya Birla Sun Life PSU Equity vs Bharat 22 ETF: Year-wise Returns
| Year | Aditya Birla Sun Life PSU EquityAditya Birla Sun Life PSU Equity | Bharat 22 ETFBharat 22 ETF |
|---|---|---|
| 2026to date | −1.50% | −7.98% |
| 2025 | +11.64% | +10.02% |
| 2024 | +15.70% | +18.21% |
| 2023 | +61.50% | +59.48% |
| 2022 | +30.52% | +28.39% |
| 2021 | +39.90% | +40.00% |
Aditya Birla Sun Life PSU Equity vs Bharat 22 ETF: Rolling Returns
Every holding period of both funds, against BSE PSU TRI, the benchmark of Aditya Birla Sun Life PSU Equity Fund
Rolling returns
Every 3-year holding period, 942 of them, one for each trading day from 02-01-2023 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 PSU Equity Fund (Direct)
Bharat 22 ETF (Regular)
BSE PSU TRI
to
Apr 2023Dec 2020
to
Dec 2023Aug 2021
to
Aug 2024Apr 2022
to
Apr 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life PSU Equity | 0.0 | 0.0 | 0.0 | 0.0 | 3.7 | 8.4 | 87.9 | 33.3% | 32.6% | 16.9% | 49.3% | 6% |
| Bharat 22 ETF | 0.0 | 0.0 | 0.0 | 3.2 | 7.4 | 6.9 | 82.5 | 32.1% | 32.5% | 12.0% | 47.3% | 18% |
| BSE PSU TRI | 0.0 | 0.0 | 0.0 | 0.0 | 6.4 | 3.4 | 90.2 | 35.6% | 35.4% | 17.7% | 50.9% | -- |
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. The benchmark is BSE PSU TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 01-01-2020. Past returns do not promise future returns.
Aditya Birla Sun Life PSU Equity vs Bharat 22 ETF: 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 01-01-2020 to 30-10-2026: 82 instalments, ₹8,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life PSU EquityAditya Birla Sun Life PSU Equity Fund (Direct) | ₹8,20,000 | ₹17,54,009 | ₹9,34,009 | 21.9% |
| Bharat 22 ETFBharat 22 ETF (Regular) | ₹8,20,000 | ₹16,24,720 | ₹8,04,720 | 19.7% |
Aditya Birla Sun Life PSU EquityAditya Birla Sun Life PSU Equity Fund (Direct)
Bharat 22 ETFBharat 22 ETF (Regular)
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 PSU Equity vs Bharat 22 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life PSU Equity Fund (Direct) | Bharat 22 ETF (Regular) |
|---|---|---|
| Return (CAGR) | −0.64% | −6.66% |
| Standard deviation | 15.99% | 14.91% |
| Sharpe ratio | -0.37 | -0.80 |
| Sortino ratio | -0.48 | -1.05 |
| Maximum drawdown | −13.3% (30-03-2026) | −17.3% (23-10-2026) |
| Beta | 0.97 | 1.00 |
| Alpha | +4.42% | −0.19% |
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 PSU Equity Fund (Direct) | Bharat 22 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +18.46% | +13.88% |
| Standard deviation | 20.60% | 18.21% |
| Sharpe ratio | 0.60 | 0.43 |
| Sortino ratio | 0.79 | 0.57 |
| Maximum drawdown | −26.8% (28-02-2025) | −21.8% (28-02-2025) |
| Beta | 0.91 | 1.00 |
| Alpha | +0.55% | −0.25% |
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 PSU Equity Fund (Direct) | Bharat 22 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +21.14% | +19.37% |
| Standard deviation | 19.54% | 17.13% |
| Sharpe ratio | 0.79 | 0.79 |
| Sortino ratio | 1.04 | 1.07 |
| Maximum drawdown | −26.8% (28-02-2025) | −21.8% (28-02-2025) |
| Beta | 0.93 | 1.00 |
| Alpha | +1.31% | −0.26% |
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 PSU Equity Fund (Direct) | Bharat 22 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +21.28% | +12.65% |
| Standard deviation | 21.12% | 19.47% |
| Sharpe ratio | 0.76 | 0.38 |
| Sortino ratio | 1.02 | 0.50 |
| Maximum drawdown | −33.8% (24-03-2020) | −47.9% (24-03-2020) |
| Beta | 0.90 | 1.00 |
| Alpha | +2.79% | −0.17% |
From daily NAVs, 01-01-2020 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 PSU Equity Fund (Direct)
Bharat 22 ETF (Regular)
BSE PSU TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life PSU Equity Fund (Direct) | −33.8% | 15-01-2020 | 24-03-2020 | 14-12-2020 | 9 months | −10.5% |
| Bharat 22 ETF (Regular) | −41.0% | 02-01-2020 | 24-03-2020 | 03-02-2021 | 10 months | −14.7% |
| BSE PSU TRI | −40.3% | 02-01-2020 | 24-03-2020 | 08-02-2021 | 11 months | −14.8% |
From daily values since 01-01-2020, 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 PSU Equity Fund (Direct)
Bharat 22 ETF (Regular)
BSE PSU TRI
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 PSU Equity Fund (Direct)
Bharat 22 ETF (Regular)
BSE PSU TRI
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 PSU Equity Fund (Direct)
Bharat 22 ETF (Regular)
BSE PSU TRI
Against BSE PSU TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life PSU Equity Fund (Direct) | 92% | 84% | 5.42% |
| Bharat 22 ETF (Regular) | 81% | 75% | 7.80% |
From month-end values since 01-01-2020. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life PSU Equity vs Bharat 22 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life PSU Equity Fund, September 2026; Bharat 22 ETF, September 2026
Holdings in common
- Overlap
- 44.4%
- Held by both
- 13
- Only in Aditya Birla Sun Life PSU Equity
- 20
- Only in Bharat 22 ETF
- 9
| Security | % of Aditya Birla Sun Life PSU Equity | % of Bharat 22 ETF |
|---|---|---|
| State Bank of India | 16.99% | 8.87% |
| NTPC Ltd. | 7.37% | 9.64% |
| Power Grid Corporation of India Ltd. | 6.37% | 7.48% |
| Bharat Electronics Ltd. | 4.80% | 4.96% |
| Bharat Petroleum Corporation Ltd. | 3.45% | 3.55% |
| Oil & Natural Gas Corporation Ltd. | 3.08% | 5.27% |
| GAIL (India) Ltd. | 3.87% | 2.77% |
| Coal India Ltd. | 2.71% | 5.81% |
| Indian Oil Corporation Ltd. | 1.79% | 2.96% |
| National Aluminium Company Ltd. | 1.04% | 4.78% |
| Bank of Baroda | 2.35% | 0.96% |
| Power Finance Corporation Ltd. | 0.81% | 1.05% |
| Indian Bank | 0.33% | 0.63% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 44.4% means 44.4% 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 PSU Equity Fund
| Security | % of fund |
|---|---|
| Bharat Heavy Electricals Ltd. | 6.69% |
| Union Bank of India | 4.66% |
| Bank of Maharashtra | 4.48% |
| PNB Housing Finance Ltd. | 3.80% |
| Life Insurance Corporation of India | 3.49% |
Largest holdings only in Bharat 22 ETF
| Security | % of fund |
|---|---|
| Larsen & Toubro Ltd. | 15.59% |
| ITC Ltd. | 14.23% |
| Axis Bank Ltd. | 7.79% |
| NHPC Ltd. | 1.43% |
| Rural Electrification Corporation Ltd. | 0.82% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life PSU Equity | Bharat 22 ETF |
|---|---|---|
| Equity | 97.6% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | 0.0% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life PSU Equity | Bharat 22 ETF |
|---|---|---|
| Large Cap | 73.2% | 91.6% |
| Mid Cap | 16.8% | 7.6% |
| Small Cap | 7.5% | 0.8% |
| Not on AMFI's list | 0.1% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life PSU Equity | Bharat 22 ETF |
|---|---|---|
| Banks | 31.8% | 18.3% |
| Power | 13.8% | 19.4% |
| Construction | 0.0% | 16.2% |
| Diversified Fmcg | 0.0% | 14.2% |
| Aerospace & Defense | 7.5% | 5.0% |
| Petroleum Products | 7.3% | 6.5% |
| Electrical Equipment | 6.7% | 0.0% |
| Gas | 6.3% | 2.8% |
| Consumable Fuels | 2.7% | 5.8% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life PSU Equity vs Bharat 22 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life PSU Equity Fund | Bharat 22 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.76% | Not available |
| Base expense ratio (Direct) | 0.61% | 0.00% |
| Total expense ratio (Regular) | 1.88% | 0.07% |
| Base expense ratio (Regular) | 1.58% | 0.06% |
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
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Aditya Birla Sun Life PSU Equity Fund vs Bharat 22 ETF: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life PSU Equity Fund and Bharat 22 ETF?
Aditya Birla Sun Life PSU Equity Fund is a Thematic fund, Bharat 22 ETF is an ETF fund, run by Aditya Birla Sun Life Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 44.4%. Aditya Birla Sun Life PSU Equity Fund charges 0.76% a year and Bharat 22 ETF 0.07%.
Which has given higher returns, Aditya Birla Sun Life PSU Equity Fund or Bharat 22 ETF?
Over 1 year: Aditya Birla Sun Life PSU Equity Fund −0.64%, Bharat 22 ETF −6.66%. Over 3 years: Aditya Birla Sun Life PSU Equity Fund +18.46% a year, Bharat 22 ETF +13.88% a year. Over 5 years: Aditya Birla Sun Life PSU Equity Fund +21.14% a year, Bharat 22 ETF +19.37% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life PSU Equity Fund or Bharat 22 ETF?
Bharat 22 ETF charges less: 0.07% a year against 0.76%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life PSU Equity Fund and Bharat 22 ETF overlap?
44.4%. They hold 13 of the same securities, the largest shared ones being SBIN, NTPC, POWERGRID. From each fund's latest monthly portfolio.
Which is better for SIP, Aditya Birla Sun Life PSU Equity Fund or Bharat 22 ETF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹9,42,432 in Aditya Birla Sun Life PSU Equity Fund (XIRR 17.2% a year) and ₹8,68,120 in Bharat 22 ETF (XIRR 13.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life PSU Equity Fund and Bharat 22 ETF?
Yes. 44.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Aditya Birla Sun Life PSU Equity Fund and Bharat 22 ETF?
Aditya Birla Sun Life PSU Equity Fund: Dhaval Gala. Bharat 22 ETF: Nishit Patel, Ashwini Bharucha, Ajaykumar Solanki, Venus Ahuja.
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.