Aditya Birla Sun Life PSU Equity Fund vs SBI PSU Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life PSU Equity Fund is a Thematic fund and SBI PSU 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 SBI PSU Fund (Direct) returned 19.4% a year. Aditya Birla Sun Life PSU Equity Fund charges 0.76% a year and SBI PSU Fund 0.97% (Direct plans). Their portfolios overlap 64.4%: they hold 20 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 SBI PSU? 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 20.8%.
- SBI PSU returned more over 3 years: 19.4% a year against 18.5%.
- Aditya Birla Sun Life PSU Equity costs less: 0.76% a year against 0.97% (Direct plans).
- SBI PSU swung less over 3 years: a standard deviation of 20.3% a year against 20.6%.
- Aditya Birla Sun Life PSU Equity fell less in its worst fall since 01-01-2020: −33.8% against −34.4%.
- SBI PSU is the larger fund: ₹6,354 Cr against ₹5,775 Cr.
- Their portfolios overlap 64.4%: 20 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 | SBI PSU Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹5,775 Cr (30-09-2026) | ₹6,354 Cr (30-09-2026) |
| NAV | ₹37.52 (Direct) | ₹35.37 (Direct) |
| Expense ratio (Direct) | 0.76% | 0.97% |
| Expense ratio (Regular) | 1.88% | 1.94% |
| Riskometer | Very High | Not available |
| Benchmark | BSE PSU TRI | Not available |
| Launch date | 30-12-2019 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Dhaval Gala | Not available |
| Exit load | Exit load of 1% if redeemed within 30 days. | Not available |
Aditya Birla Sun Life PSU Equity vs SBI PSU: 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% | -- |
| SBI PSU Fund (Direct) | −2.71% | −6.65% | −11.22% | −4.87% | +19.35% | +20.84% | +12.69% |
| 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 SBI PSU: Year-wise Returns
| Year | Aditya Birla Sun Life PSU EquityAditya Birla Sun Life PSU Equity | SBI PSUSBI PSU | BSE PSU TRI |
|---|---|---|---|
| 2026to date | −1.50% | −5.68% | −6.20% |
| 2025 | +11.64% | +12.43% | +12.09% |
| 2024 | +15.70% | +24.87% | +24.34% |
| 2023 | +61.50% | +55.74% | +61.48% |
| 2022 | +30.52% | +30.41% | +28.30% |
| 2021 | +39.90% | +33.77% | +47.95% |
Aditya Birla Sun Life PSU Equity vs SBI PSU: 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)
SBI PSU 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% |
| SBI PSU | 0.0 | 0.0 | 0.0 | 1.7 | 6.3 | 4.3 | 87.7 | 32.6% | 32.9% | 13.5% | 45.8% | 14% |
| 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 SBI PSU: 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% |
| SBI PSUSBI PSU Fund (Direct) | ₹8,20,000 | ₹16,95,019 | ₹8,75,019 | 21.0% |
Aditya Birla Sun Life PSU EquityAditya Birla Sun Life PSU Equity Fund (Direct)
SBI PSUSBI PSU 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 SBI PSU: 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) | SBI PSU Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.64% | −4.87% |
| Standard deviation | 15.99% | 15.11% |
| Sharpe ratio | -0.37 | -0.67 |
| Sortino ratio | -0.48 | -0.88 |
| Maximum drawdown | −13.3% (30-03-2026) | −16.2% (23-10-2026) |
| Beta | 0.97 | 0.91 |
| Alpha | +4.42% | −0.42% |
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) | SBI PSU Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.46% | +19.35% |
| Standard deviation | 20.60% | 20.33% |
| Sharpe ratio | 0.60 | 0.66 |
| Sortino ratio | 0.79 | 0.87 |
| Maximum drawdown | −26.8% (28-02-2025) | −24.1% (28-02-2025) |
| Beta | 0.91 | 0.90 |
| Alpha | +0.55% | +1.65% |
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) | SBI PSU Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.14% | +20.84% |
| Standard deviation | 19.54% | 19.91% |
| Sharpe ratio | 0.79 | 0.76 |
| Sortino ratio | 1.04 | 1.01 |
| Maximum drawdown | −26.8% (28-02-2025) | −24.1% (28-02-2025) |
| Beta | 0.93 | 0.94 |
| Alpha | +1.31% | +0.88% |
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) | SBI PSU Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.28% | +10.91% |
| Standard deviation | 21.12% | 19.60% |
| Sharpe ratio | 0.76 | 0.25 |
| Sortino ratio | 1.02 | 0.33 |
| Maximum drawdown | −33.8% (24-03-2020) | −47.1% (24-03-2020) |
| Beta | 0.90 | 0.89 |
| Alpha | +2.79% | +1.06% |
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)
SBI PSU 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% |
| SBI PSU Fund (Direct) | −34.4% | 02-01-2020 | 24-03-2020 | 17-02-2021 | 11 months | −14.4% |
| 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)
SBI PSU 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)
SBI PSU 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)
SBI PSU 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% |
| SBI PSU Fund (Direct) | 89% | 89% | 6.49% |
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 SBI PSU: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life PSU Equity Fund, September 2026; SBI PSU Fund, September 2026
Holdings in common
- Overlap
- 64.4%
- Held by both
- 20
- Only in Aditya Birla Sun Life PSU Equity
- 13
- Only in SBI PSU
- 6
| Security | % of Aditya Birla Sun Life PSU Equity | % of SBI PSU |
|---|---|---|
| State Bank of India | 16.99% | 15.66% |
| NTPC Ltd. | 7.37% | 8.61% |
| Power Grid Corporation of India Ltd. | 6.37% | 7.41% |
| Bharat Electronics Ltd. | 4.80% | 7.87% |
| Bharat Heavy Electricals Ltd. | 6.69% | 4.25% |
| GAIL (India) Ltd. | 3.87% | 6.87% |
| Bharat Petroleum Corporation Ltd. | 3.45% | 4.63% |
| PNB Housing Finance Ltd. | 3.80% | 3.13% |
| Oil & Natural Gas Corporation Ltd. | 3.08% | 3.66% |
| NMDC Ltd. | 3.16% | 2.40% |
| Bank of Baroda | 2.35% | 5.21% |
| Life Insurance Corporation of India | 3.49% | 2.13% |
| Hindustan Aeronautics Ltd. | 2.70% | 2.02% |
| National Aluminium Company Ltd. | 1.04% | 2.44% |
| Indraprastha Gas Ltd. | 0.79% | 1.63% |
| Canara Robeco Asset Management Company Ltd. | 0.65% | 1.26% |
| Container Corporation of India Ltd. | 0.45% | 3.66% |
| Indian Bank | 0.33% | 3.59% |
| Gujarat Energy Ltd. | 0.25% | 1.31% |
| GSPL Transmission Ltd. | 0.05% | 0.27% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 64.4% means 64.4% 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 |
|---|---|
| Union Bank of India | 4.66% |
| Bank of Maharashtra | 4.48% |
| Bank of India | 3.02% |
| Coal India Ltd. | 2.71% |
| Hindustan Petroleum Corporation Ltd. | 2.06% |
Largest holdings only in SBI PSU Fund
| Security | % of fund |
|---|---|
| Engineers India Ltd. | 2.87% |
| SBI Cards & Payment Services Ltd. | 2.31% |
| General Insurance Corporation of India | 2.16% |
| Petronet LNG Ltd. | 1.84% |
| NHPC Ltd. | 1.49% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life PSU Equity | SBI PSU |
|---|---|---|
| Equity | 97.6% | 98.7% |
| Debt | 0.0% | 0.1% |
| Cash and others | 2.4% | 1.2% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life PSU Equity | SBI PSU |
|---|---|---|
| Large Cap | 73.2% | 71.9% |
| Mid Cap | 16.8% | 16.3% |
| Small Cap | 7.5% | 10.2% |
| Not on AMFI's list | 0.1% | 0.3% |
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 | SBI PSU |
|---|---|---|
| Banks | 31.8% | 24.5% |
| Power | 13.8% | 17.5% |
| Gas | 6.3% | 11.9% |
| Aerospace & Defense | 7.5% | 9.9% |
| Petroleum Products | 7.3% | 4.6% |
| Electrical Equipment | 6.7% | 4.3% |
| Finance | 4.6% | 5.4% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life PSU Equity vs SBI PSU: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life PSU Equity Fund | SBI PSU Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.76% | 0.97% |
| Base expense ratio (Direct) | 0.61% | 0.73% |
| Total expense ratio (Regular) | 1.88% | 1.94% |
| Base expense ratio (Regular) | 1.58% | 1.56% |
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 SBI PSU Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life PSU Equity Fund and SBI PSU Fund?
Aditya Birla Sun Life PSU Equity Fund is a Thematic fund, SBI PSU Fund is a Thematic fund, run by Aditya Birla Sun Life Mutual Fund and SBI Mutual Fund. Their portfolios overlap 64.4%. Aditya Birla Sun Life PSU Equity Fund charges 0.76% a year and SBI PSU Fund 0.97%.
Which has given higher returns, Aditya Birla Sun Life PSU Equity Fund or SBI PSU Fund?
Over 1 year: Aditya Birla Sun Life PSU Equity Fund −0.64%, SBI PSU Fund −4.87%. Over 3 years: Aditya Birla Sun Life PSU Equity Fund +18.46% a year, SBI PSU Fund +19.35% a year. Over 5 years: Aditya Birla Sun Life PSU Equity Fund +21.14% a year, SBI PSU Fund +20.84% 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 SBI PSU Fund?
Aditya Birla Sun Life PSU Equity Fund charges less: 0.76% a year against 0.97%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life PSU Equity Fund and SBI PSU Fund overlap?
64.4%. They hold 20 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 SBI PSU 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 ₹9,42,601 in SBI PSU Fund (XIRR 17.2% 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 SBI PSU Fund?
Yes. 64.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.