Aditya Birla Sun Life PSU Equity Fund vs Invesco India PSU Equity Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life PSU Equity Fund is a Thematic fund and Invesco India PSU Equity Fund is a Thematic fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life PSU Equity Fund (Direct) returned 18.5% a year and Invesco India PSU Equity Fund (Direct) returned 17.4% a year. Aditya Birla Sun Life PSU Equity Fund charges 0.76% a year and Invesco India PSU Equity Fund 1.23% (Direct plans). Their portfolios overlap 36.6%: they hold 16 of the same securities.
Aditya Birla Sun Life PSU Equity Fund
Thematic
- 3 year return
- 18.5%
- Expense ratio
- 0.76%
- NAV
- ₹37.52
Invesco India PSU Equity Fund
Thematic
- 3 year return
- 17.4%
- Expense ratio
- 1.23%
- NAV
- ₹71.51
Which is better, Aditya Birla Sun Life PSU Equity or Invesco India PSU Equity? 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 18.6%.
- Aditya Birla Sun Life PSU Equity returned more over 3 years: 18.5% a year against 17.4%.
- Aditya Birla Sun Life PSU Equity costs less: 0.76% a year against 1.23% (Direct plans).
- Aditya Birla Sun Life PSU Equity swung less over 3 years: a standard deviation of 20.6% a year against 21.9%.
- Invesco India PSU Equity fell less in its worst fall since 01-01-2020: −33.4% against −33.8%.
- Aditya Birla Sun Life PSU Equity holds more in large companies: 73.2% of the fund in large caps against 50.8%.
- Aditya Birla Sun Life PSU Equity is the larger fund: ₹5,775 Cr against ₹1,361 Cr.
- Their portfolios overlap 36.6%: 16 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 | Invesco India PSU Equity Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Invesco Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹5,775 Cr (30-09-2026) | ₹1,361 Cr (30-09-2026) |
| NAV | ₹37.52 (Direct) | ₹71.51 (Direct) |
| Expense ratio (Direct) | 0.76% | 1.23% |
| Expense ratio (Regular) | 1.88% | 2.41% |
| Riskometer | Very High | Very High |
| Benchmark | BSE PSU TRI | BSE PSU TRI |
| Launch date | 30-12-2019 | 18-11-2009 |
| Minimum investment | ₹500 | Not available |
| Lock in | None | None |
| Fund managers | Dhaval Gala | Hiten Jain, Sagar Gandhi |
| Exit load | Exit load of 1% if redeemed within 30 days. | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. |
Aditya Birla Sun Life PSU Equity vs Invesco India PSU Equity: 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% | -- |
| Invesco India PSU Equity Fund (Direct) | −3.83% | −7.59% | −11.28% | −9.40% | +17.36% | +18.62% | +15.26% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Aditya Birla Sun Life PSU Equity vs Invesco India PSU Equity: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life PSU Equity | Invesco IndiaInvesco India PSU Equity | BSE PSU TRI |
|---|---|---|---|
| 2026to date | −1.50% | −9.44% | −6.20% |
| 2025 | +11.64% | +11.65% | +12.09% |
| 2024 | +15.70% | +27.29% | +24.34% |
| 2023 | +61.50% | +56.64% | +61.48% |
| 2022 | +30.52% | +22.23% | +28.30% |
| 2021 | +39.90% | +32.94% | +47.95% |
Aditya Birla Sun Life PSU Equity vs Invesco India PSU Equity: Rolling Returns
Every holding period of both funds, against BSE PSU TRI, the benchmark of both
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)
Invesco India PSU Equity Fund (Direct)
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% |
| Invesco India PSU Equity | 0.0 | 0.0 | 0.0 | 0.5 | 7.7 | 7.0 | 84.8 | 31.4% | 31.4% | 14.2% | 44.1% | 8% |
| 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 Invesco India PSU Equity: 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% |
| Invesco India PSU EquityInvesco India PSU Equity Fund (Direct) | ₹8,20,000 | ₹15,93,048 | ₹7,73,048 | 19.2% |
Aditya Birla Sun Life PSU EquityAditya Birla Sun Life PSU Equity Fund (Direct)
Invesco India PSU EquityInvesco India PSU Equity 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 Invesco India PSU Equity: 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) | Invesco India PSU Equity Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.64% | −9.40% |
| Standard deviation | 15.99% | 17.84% |
| Sharpe ratio | -0.37 | -0.82 |
| Sortino ratio | -0.48 | -1.08 |
| Maximum drawdown | −13.3% (30-03-2026) | −14.8% (23-10-2026) |
| Beta | 0.97 | 1.05 |
| Alpha | +4.42% | −3.51% |
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) | Invesco India PSU Equity Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.46% | +17.36% |
| Standard deviation | 20.60% | 21.89% |
| Sharpe ratio | 0.60 | 0.52 |
| Sortino ratio | 0.79 | 0.68 |
| Maximum drawdown | −26.8% (28-02-2025) | −29.8% (28-02-2025) |
| Beta | 0.91 | 0.96 |
| Alpha | +0.55% | −1.14% |
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) | Invesco India PSU Equity Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.14% | +18.62% |
| Standard deviation | 19.54% | 20.38% |
| Sharpe ratio | 0.79 | 0.63 |
| Sortino ratio | 1.04 | 0.84 |
| Maximum drawdown | −26.8% (28-02-2025) | −29.8% (28-02-2025) |
| Beta | 0.93 | 0.96 |
| Alpha | +1.31% | −1.66% |
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) | Invesco India PSU Equity Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.28% | +14.97% |
| Standard deviation | 21.12% | 19.33% |
| Sharpe ratio | 0.76 | 0.46 |
| Sortino ratio | 1.02 | 0.62 |
| Maximum drawdown | −33.8% (24-03-2020) | −33.4% (24-03-2020) |
| Beta | 0.90 | 0.85 |
| Alpha | +2.79% | +5.25% |
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)
Invesco India PSU Equity 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) | −33.8% | 15-01-2020 | 24-03-2020 | 14-12-2020 | 9 months | −10.5% |
| Invesco India PSU Equity Fund (Direct) | −33.4% | 20-02-2020 | 24-03-2020 | 07-01-2021 | 9 months | −13.9% |
| 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)
Invesco India PSU Equity Fund (Direct)
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)
Invesco India PSU Equity Fund (Direct)
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)
Invesco India PSU Equity Fund (Direct)
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% |
| Invesco India PSU Equity Fund (Direct) | 87% | 85% | 9.77% |
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 Invesco India PSU Equity: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life PSU Equity Fund, September 2026; Invesco India PSU Equity Fund, September 2026
Holdings in common
- Overlap
- 36.6%
- Held by both
- 16
- Only in Aditya Birla Sun Life PSU Equity
- 17
- Only in Invesco India PSU Equity
- 14
| Security | % of Aditya Birla Sun Life PSU Equity | % of Invesco India PSU Equity |
|---|---|---|
| State Bank of India | 16.99% | 7.46% |
| Bharat Electronics Ltd. | 4.80% | 5.71% |
| Bharat Petroleum Corporation Ltd. | 3.45% | 4.54% |
| GAIL (India) Ltd. | 3.87% | 2.83% |
| Oil & Natural Gas Corporation Ltd. | 3.08% | 2.79% |
| Hindustan Aeronautics Ltd. | 2.70% | 8.96% |
| Bank of Baroda | 2.35% | 3.34% |
| NTPC Ltd. | 7.37% | 2.26% |
| Hindustan Petroleum Corporation Ltd. | 2.06% | 2.44% |
| SBI Life Insurance Co. Ltd. | 1.78% | 3.94% |
| Coal India Ltd. | 2.71% | 1.24% |
| National Aluminium Company Ltd. | 1.04% | 2.86% |
| BEML Ltd. | 0.72% | 3.91% |
| Container Corporation of India Ltd. | 0.45% | 4.07% |
| Indian Railway Catering & Tourism Corporation Ltd. | 0.37% | 2.47% |
| Indian Bank | 0.33% | 5.93% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.6% means 36.6% 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% |
| Power Grid Corporation of India Ltd. | 6.37% |
| Union Bank of India | 4.66% |
| Bank of Maharashtra | 4.48% |
| PNB Housing Finance Ltd. | 3.80% |
Largest holdings only in Invesco India PSU Equity Fund
| Security | % of fund |
|---|---|
| Dredging Corporation of India Limited | 5.82% |
| Bharat Dynamics Limited | 3.85% |
| Honeywell Automation India Limited | 3.70% |
| Schneider Electric Infrastructure Limited | 2.57% |
| NTPC Green Energy Limited | 2.53% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life PSU Equity | Invesco India PSU Equity |
|---|---|---|
| Equity | 97.6% | 97.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | 2.9% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life PSU Equity | Invesco India PSU Equity |
|---|---|---|
| Large Cap | 73.2% | 50.8% |
| Mid Cap | 16.8% | 20.2% |
| Small Cap | 7.5% | 23.9% |
| Not on AMFI's list | 0.1% | 2.3% |
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 | Invesco India PSU Equity |
|---|---|---|
| Banks | 31.8% | 16.7% |
| Aerospace & Defense | 7.5% | 18.5% |
| Power | 13.8% | 4.8% |
| Industrial Manufacturing | 0.0% | 7.3% |
| Petroleum Products | 7.3% | 7.0% |
| Electrical Equipment | 6.7% | 4.3% |
| Gas | 6.3% | 2.8% |
| Engineering Services | 0.0% | 5.8% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life PSU Equity vs Invesco India PSU Equity: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life PSU Equity Fund | Invesco India PSU Equity Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.76% | 1.23% |
| Base expense ratio (Direct) | 0.61% | 0.83% |
| Total expense ratio (Regular) | 1.88% | 2.41% |
| Base expense ratio (Regular) | 1.58% | 1.85% |
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.
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Aditya Birla Sun Life PSU Equity Fund vs Invesco India PSU Equity Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life PSU Equity Fund and Invesco India PSU Equity Fund?
Aditya Birla Sun Life PSU Equity Fund is a Thematic fund, Invesco India PSU Equity Fund is a Thematic fund, run by Aditya Birla Sun Life Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 36.6%. Aditya Birla Sun Life PSU Equity Fund charges 0.76% a year and Invesco India PSU Equity Fund 1.23%.
Which has given higher returns, Aditya Birla Sun Life PSU Equity Fund or Invesco India PSU Equity Fund?
Over 1 year: Aditya Birla Sun Life PSU Equity Fund −0.64%, Invesco India PSU Equity Fund −9.40%. Over 3 years: Aditya Birla Sun Life PSU Equity Fund +18.46% a year, Invesco India PSU Equity Fund +17.36% a year. Over 5 years: Aditya Birla Sun Life PSU Equity Fund +21.14% a year, Invesco India PSU Equity Fund +18.62% 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 Invesco India PSU Equity Fund?
Aditya Birla Sun Life PSU Equity Fund charges less: 0.76% a year against 1.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life PSU Equity Fund and Invesco India PSU Equity Fund overlap?
36.6%. They hold 16 of the same securities, the largest shared ones being SBIN, BEL, BPCL. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life PSU Equity Fund or Invesco India PSU Equity Fund?
On SEBI's riskometer, Aditya Birla Sun Life PSU Equity Fund is rated Very High and Invesco India PSU Equity Fund Very High. Over 3 years, the standard deviation of daily returns was 20.60% and 21.89% a year.
Which is better for SIP, Aditya Birla Sun Life PSU Equity Fund or Invesco India PSU Equity Fund?
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 ₹8,99,099 in Invesco India PSU Equity Fund (XIRR 15.3% 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 Invesco India PSU Equity Fund?
Yes. 36.6% 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 Invesco India PSU Equity Fund?
Aditya Birla Sun Life PSU Equity Fund: Dhaval Gala. Invesco India PSU Equity Fund: Hiten Jain, Sagar Gandhi.
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.