Aditya Birla Sun Life PSU Equity Fund vs Groww Nifty India Railways PSU Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life PSU Equity Fund is a Thematic fund and Groww Nifty India Railways PSU Index Fund is an Index fund. In the year to 30-10-2026, Aditya Birla Sun Life PSU Equity Fund (Direct) returned −0.6% and Groww Nifty India Railways PSU Index Fund (Direct) returned −30.8%. Aditya Birla Sun Life PSU Equity Fund charges 0.76% a year and Groww Nifty India Railways PSU Index Fund 0.72% (Direct plans). Their portfolios overlap 20.3%: they hold 10 of the same securities.
Aditya Birla Sun Life PSU Equity Fund
Thematic
- 1 year return
- −0.6%
- Expense ratio
- 0.76%
- NAV
- ₹37.52
Groww Nifty India Railways PSU Index Fund
Index
- 1 year return
- −30.8%
- Expense ratio
- 0.72%
- NAV
- ₹6.69
Which is better, Aditya Birla Sun Life PSU Equity or Groww Nifty India Railways PSU Index? 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 1 year: −0.6% against −30.8%.
- Groww Nifty India Railways PSU Index costs less: 0.72% a year against 0.76% (Direct plans).
- Aditya Birla Sun Life PSU Equity fell less in its worst fall since 07-02-2025: −13.3% against −39.0%.
- Aditya Birla Sun Life PSU Equity holds more in large companies: 73.2% of the fund in large caps against 37.4%.
- Aditya Birla Sun Life PSU Equity is the larger fund: ₹5,775 Cr against ₹62 Cr.
- Their portfolios overlap 20.3%: 10 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 | Groww Nifty India Railways PSU Index Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Groww Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹5,775 Cr (30-09-2026) | ₹62 Cr (30-09-2026) |
| NAV | ₹37.52 (Direct) | ₹6.69 (Direct) |
| Expense ratio (Direct) | 0.76% | 0.72% |
| Expense ratio (Regular) | 1.88% | 1.18% |
| Riskometer | Very High | Very High |
| Benchmark | BSE PSU TRI | Nifty India Railways PSU TRI |
| Launch date | 30-12-2019 | 04-02-2025 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Dhaval Gala | Nikhil Satam, Aakash Chauhan, Shashi Kumar |
| Exit load | Exit load of 1% if redeemed within 30 days. | 1%, if redeemed within 30 days |
Aditya Birla Sun Life PSU Equity vs Groww Nifty India Railways PSU Index: 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% | -- |
| Groww Nifty India Railways PSU Index Fund (Direct) | −7.22% | −15.21% | −24.42% | −30.79% | -- | -- | -- |
| 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 Groww Nifty India Railways PSU Index: Year-wise Returns
| Year | Aditya Birla Sun Life PSU EquityAditya Birla Sun Life PSU Equity | Groww Nifty India Railways PSU IndexGroww Nifty India Railways PSU Index |
|---|---|---|
| 2026to date | −1.50% | −30.38% |
| 2025 | +11.64% | -- |
| 2024 | +15.70% | -- |
| 2023 | +61.50% | -- |
| 2022 | +30.52% | -- |
| 2021 | +39.90% | -- |
Aditya Birla Sun Life PSU Equity vs Groww Nifty India Railways PSU Index: 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 1-year holding period, 179 of them, one for each trading day from 09-02-2026 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)
Groww Nifty India Railways PSU Index Fund (Direct)
BSE PSU TRI
to
Mar 2026Apr 2025
to
Apr 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 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 | 1.7 | 8.4 | 22.3 | 26.8 | 22.9 | 6.1 | 11.7 | 14.3% | 13.1% | −0.6% | 38.8% | 64% |
| Groww Nifty India Railways PSU Index | 97.8 | 2.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −16.9% | −18.6% | −30.8% | 2.2% | 0% |
| BSE PSU TRI | 10.1 | 9.5 | 21.2 | 27.4 | 5.6 | 11.2 | 15.1 | 13.5% | 11.3% | −5.4% | 42.6% | -- |
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 07-02-2025. Past returns do not promise future returns.
Aditya Birla Sun Life PSU Equity vs Groww Nifty India Railways PSU Index: 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 03-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life PSU EquityAditya Birla Sun Life PSU Equity Fund (Direct) | ₹2,10,000 | ₹2,14,330 | ₹4,330 | 2.3% |
| Groww Nifty India Railways PSU IndexGroww Nifty India Railways PSU Index Fund (Direct) | ₹2,10,000 | ₹1,58,207 | −₹51,793 | −27.8% |
Aditya Birla Sun Life PSU EquityAditya Birla Sun Life PSU Equity Fund (Direct)
Groww Nifty India Railways PSU IndexGroww Nifty India Railways PSU Index 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 PSU Equity vs Groww Nifty India Railways PSU Index: 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) | Groww Nifty India Railways PSU Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.64% | −30.79% |
| Standard deviation | 15.99% | 21.94% |
| Sharpe ratio | -0.37 | -1.64 |
| Sortino ratio | -0.48 | -2.19 |
| Maximum drawdown | −13.3% (30-03-2026) | −32.4% (30-10-2026) |
| Beta | 0.97 | 1.00 |
| Alpha | +4.42% | −0.43% |
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) | Groww Nifty India Railways PSU Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.28% | −20.13% |
| Standard deviation | 21.12% | 22.92% |
| Sharpe ratio | 0.76 | -1.12 |
| Sortino ratio | 1.02 | -1.56 |
| Maximum drawdown | −33.8% (24-03-2020) | −39.0% (30-10-2026) |
| Beta | 0.90 | 1.00 |
| Alpha | +2.79% | −0.56% |
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)
Groww Nifty India Railways PSU Index Fund (Direct)
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) | −13.3% | 26-02-2026 | 30-03-2026 | Not yet | -- | −10.5% |
| Groww Nifty India Railways PSU Index Fund (Direct) | −39.0% | 09-06-2025 | 30-10-2026 | Not yet | -- | −39.0% |
| BSE PSU TRI | −16.2% | 26-02-2026 | 23-10-2026 | Not yet | -- | −14.8% |
From daily values since 07-02-2025, 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)
Groww Nifty India Railways PSU Index Fund (Direct)
BSE PSU TRI
Against BSE PSU TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life PSU Equity Fund (Direct) | 95% | 86% | 3.48% |
| Groww Nifty India Railways PSU Index Fund (Direct) | 72% | 179% | 12.72% |
From month-end values since 07-02-2025. 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 Groww Nifty India Railways PSU Index: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life PSU Equity Fund, September 2026; Groww Nifty India Railways PSU Index Fund, September 2026
Holdings in common
- Overlap
- 20.3%
- Held by both
- 10
- Only in Aditya Birla Sun Life PSU Equity
- 23
- Only in Groww Nifty India Railways PSU Index
- 7
| Security | % of Aditya Birla Sun Life PSU Equity | % of Groww Nifty India Railways PSU Index |
|---|---|---|
| NTPC Ltd. | 7.37% | 5.31% |
| Bharat Electronics Ltd. | 4.80% | 4.81% |
| Oil & Natural Gas Corporation Ltd. | 3.08% | 3.03% |
| Bharat Petroleum Corporation Ltd. | 3.45% | 2.11% |
| Bharat Heavy Electricals Ltd. | 6.69% | 2.09% |
| Hindustan Petroleum Corporation Ltd. | 2.06% | 1.16% |
| Steel Authority of India Ltd. | 0.68% | 0.91% |
| Container Corporation of India Ltd. | 0.45% | 18.77% |
| Indian Railway Catering & Tourism Corporation Ltd. | 0.37% | 16.69% |
| BEML Ltd. | 0.72% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 20.3% means 20.3% 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 PSU Equity Fund
| Security | % of fund |
|---|---|
| State Bank of India | 16.99% |
| Power Grid Corporation of India Ltd. | 6.37% |
| Union Bank of India | 4.66% |
| Bank of Maharashtra | 4.48% |
| GAIL (India) Ltd. | 3.87% |
Largest holdings only in Groww Nifty India Railways PSU Index Fund
| Security | % of fund |
|---|---|
| Indian Railway Finance Corporation Ltd | 20.05% |
| Rail Vikas Nigam Limited | 13.92% |
| Ircon International Limited | 4.64% |
| RITES LIMITED | 3.40% |
| RAILTEL CORPORATION OF INDIA LIMITED | 2.82% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life PSU Equity | Groww Nifty India Railways PSU Index |
|---|---|---|
| Equity | 97.6% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | -0.2% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life PSU Equity | Groww Nifty India Railways PSU Index |
|---|---|---|
| Large Cap | 73.2% | 37.4% |
| Mid Cap | 16.8% | 51.5% |
| Small Cap | 7.5% | 11.3% |
| 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 | Groww Nifty India Railways PSU Index |
|---|---|---|
| Banks | 31.8% | 0.0% |
| Construction | 0.0% | 22.0% |
| Finance | 4.6% | 20.1% |
| Transport Services | 0.5% | 18.8% |
| Leisure Services | 0.4% | 16.7% |
| Power | 13.8% | 5.3% |
| Aerospace & Defense | 7.5% | 4.8% |
| Petroleum Products | 7.3% | 3.4% |
| Electrical Equipment | 6.7% | 2.1% |
| Gas | 6.3% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life PSU Equity vs Groww Nifty India Railways PSU Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life PSU Equity Fund | Groww Nifty India Railways PSU Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.76% | 0.72% |
| Base expense ratio (Direct) | 0.61% | 0.50% |
| Total expense ratio (Regular) | 1.88% | 1.18% |
| Base expense ratio (Regular) | 1.58% | 0.90% |
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 PSU Equity with
- Aditya Birla Sun Life PSU Equity vs Nippon India Taiwan Equity
- Aditya Birla Sun Life PSU Equity vs HDFC Defence
- Aditya Birla Sun Life PSU Equity vs HDFC Pharma and Healthcare
- Aditya Birla Sun Life PSU Equity vs SBI Healthcare Opportunities
- Aditya Birla Sun Life PSU Equity vs Aditya Birla Sun Life International Equity
Aditya Birla Sun Life PSU Equity Fund vs Groww Nifty India Railways PSU Index Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life PSU Equity Fund and Groww Nifty India Railways PSU Index Fund?
Aditya Birla Sun Life PSU Equity Fund is a Thematic fund, Groww Nifty India Railways PSU Index Fund is an Index fund, run by Aditya Birla Sun Life Mutual Fund and Groww Mutual Fund. Their portfolios overlap 20.3%. Aditya Birla Sun Life PSU Equity Fund charges 0.76% a year and Groww Nifty India Railways PSU Index Fund 0.72%.
Which has given higher returns, Aditya Birla Sun Life PSU Equity Fund or Groww Nifty India Railways PSU Index Fund?
Over 1 year: Aditya Birla Sun Life PSU Equity Fund −0.64%, Groww Nifty India Railways PSU Index Fund −30.79%. 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 Groww Nifty India Railways PSU Index Fund?
Groww Nifty India Railways PSU Index Fund charges less: 0.72% a year against 0.76%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life PSU Equity Fund and Groww Nifty India Railways PSU Index Fund overlap?
20.3%. They hold 10 of the same securities, the largest shared ones being NTPC, BEL, ONGC. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life PSU Equity Fund or Groww Nifty India Railways PSU Index Fund?
On SEBI's riskometer, Aditya Birla Sun Life PSU Equity Fund is rated Very High and Groww Nifty India Railways PSU Index Fund Very High. Over 1 years, the standard deviation of daily returns was 15.99% and 21.94% a year.
Can I invest in both Aditya Birla Sun Life PSU Equity Fund and Groww Nifty India Railways PSU Index Fund?
Yes. 20.3% 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 PSU Equity Fund and Groww Nifty India Railways PSU Index Fund?
Aditya Birla Sun Life PSU Equity Fund: Dhaval Gala. Groww Nifty India Railways PSU Index Fund: Nikhil Satam, Aakash Chauhan, Shashi Kumar.
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.