Axis Banking and PSU Debt Fund vs Edelweiss Banking and PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Banking and PSU Debt Fund and Edelweiss Banking and PSU Debt Fund are both Banking & PSU funds. In the 3 years to 30-10-2026, Axis Banking and PSU Debt Fund (Direct) returned 6.7% a year and Edelweiss Banking and PSU Debt Fund (Direct) returned 7.0% a year. Axis Banking and PSU Debt Fund charges 0.36% a year and Edelweiss Banking and PSU Debt Fund 0.40% (Direct plans). Their portfolios overlap 9.5%: they hold 16 of the same securities.
Axis Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.7%
- Expense ratio
- 0.36%
- NAV
- ₹2,887.85
Edelweiss Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 7.0%
- Expense ratio
- 0.40%
- NAV
- ₹27.11
Which is better, Axis Banking and PSU Debt or Edelweiss Banking and PSU Debt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Banking and PSU Debt returned more over 5 years: 6.1% a year against 6.0%.
- Edelweiss Banking and PSU Debt returned more over 3 years: 7.0% a year against 6.7%.
- Axis Banking and PSU Debt costs less: 0.36% a year against 0.40% (Direct plans).
- Axis Banking and PSU Debt swung less over 3 years: a standard deviation of 0.9% a year against 1.2%.
- Axis Banking and PSU Debt fell less in its worst fall since 28-11-2016: −2.9% against −4.3%.
- Axis Banking and PSU Debt is the larger fund: ₹11,962 Cr against ₹3,137 Cr.
- Their portfolios overlap 9.5%: 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 | Axis Banking and PSU Debt Fund | Edelweiss Banking and PSU Debt Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Edelweiss Mutual Fund |
| Category | Banking & PSU | Banking & PSU |
| AUM | ₹11,962 Cr (30-09-2026) | ₹3,137 Cr (30-09-2026) |
| NAV | ₹2,887.85 (Direct) | ₹27.11 (Direct) |
| Expense ratio (Direct) | 0.36% | 0.40% |
| Expense ratio (Regular) | 0.65% | 0.73% |
| Riskometer | Moderate | Low to Moderate |
| Benchmark | NIFTY Banking & PSU Debt Index A-II | CRISIL Banking and PSU Debt A-II Index |
| Launch date | 08-06-2012 | 13-09-2013 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Aditya Pagaria, Hardik Shah | Dhawal Dalal, Kedar Karnik |
| Exit load | Nil | Nil |
Axis Banking and PSU Debt vs Edelweiss Banking and PSU Debt: 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 |
|---|---|---|---|---|---|---|---|
| Axis Banking and PSU Debt Fund (Direct) | −0.24% | −0.04% | +2.12% | +3.91% | +6.71% | +6.06% | +7.06% |
| Edelweiss Banking and PSU Debt Fund (Direct) | −0.04% | +0.67% | +2.62% | +4.02% | +7.00% | +6.03% | -- |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | -- |
Category average: the average of the 19 Banking & PSU funds, same plan type.
Axis Banking and PSU Debt vs Edelweiss Banking and PSU Debt: Year-wise Returns
| Year | AxisAxis Banking and PSU Debt | EdelweissEdelweiss Banking and PSU Debt |
|---|---|---|
| 2026to date | +3.16% | +3.35% |
| 2025 | +7.84% | +7.71% |
| 2024 | +7.86% | +8.53% |
| 2023 | +6.84% | +6.74% |
| 2022 | +4.05% | +2.92% |
| 2021 | +3.70% | +4.86% |
Axis Banking and PSU Debt vs Edelweiss Banking and PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,685 of them, one for each trading day from 28-11-2019 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.
Axis Banking and PSU Debt Fund (Direct)
Edelweiss Banking and PSU Debt Fund (Direct)
to
Jun 2020Aug 2018
to
Aug 2021Oct 2019
to
Oct 2022Dec 2020
to
Dec 2023Mar 2022
to
Mar 2025Apr 2023
to
Apr 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Banking and PSU Debt | 0.0 | 7.1 | 92.9 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.2% | 4.7% | 9.7% |
| Edelweiss Banking and PSU Debt | 0.0 | 5.5 | 73.1 | 21.4 | 0.0 | 0.0 | 0.0 | 7.8% | 7.5% | 4.6% | 11.2% |
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 28-11-2016. Past returns do not promise future returns.
Axis Banking and PSU Debt vs Edelweiss Banking and PSU Debt: 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 01-11-2016 to 30-10-2026: 120 instalments, ₹12,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Banking and PSU DebtAxis Banking and PSU Debt Fund (Direct) | ₹12,00,000 | ₹16,82,579 | ₹4,82,579 | 6.6% |
| Edelweiss Banking and PSU DebtEdelweiss Banking and PSU Debt Fund (Direct) | ₹12,00,000 | ₹17,18,218 | ₹5,18,218 | 7.0% |
Axis Banking and PSU DebtAxis Banking and PSU Debt Fund (Direct)
Edelweiss Banking and PSU DebtEdelweiss Banking and PSU Debt 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.
Axis Banking and PSU Debt vs Edelweiss Banking and PSU Debt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Banking and PSU Debt Fund (Direct) | Edelweiss Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.91% | +4.02% |
| Standard deviation | 1.17% | 1.09% |
| Sharpe ratio | -1.14 | -1.12 |
| Sortino ratio | -1.53 | -1.52 |
| Maximum drawdown | −0.6% (23-10-2026) | −0.7% (02-04-2026) |
| 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 | Axis Banking and PSU Debt Fund (Direct) | Edelweiss Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.71% | +7.00% |
| Standard deviation | 0.94% | 1.23% |
| Sharpe ratio | 0.73 | 0.79 |
| Sortino ratio | 1.07 | 1.16 |
| Maximum drawdown | −0.6% (23-10-2026) | −0.7% (13-06-2025) |
| 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 | Axis Banking and PSU Debt Fund (Direct) | Edelweiss Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.06% | +6.03% |
| Standard deviation | 0.86% | 1.73% |
| Sharpe ratio | 0.31 | 0.13 |
| Sortino ratio | 0.44 | 0.16 |
| Maximum drawdown | −0.6% (23-10-2026) | −2.9% (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 | Axis Banking and PSU Debt Fund (Direct) | Edelweiss Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.57% | +7.34% |
| Standard deviation | 1.28% | 2.58% |
| Sharpe ratio | 1.18 | 0.76 |
| Sortino ratio | 2.04 | 1.13 |
| Maximum drawdown | −2.9% (24-03-2020) | −4.3% (23-03-2020) |
| 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.
Axis Banking and PSU Debt Fund (Direct)
Edelweiss Banking and PSU Debt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Banking and PSU Debt Fund (Direct) | −2.9% | 04-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | −0.5% |
| Edelweiss Banking and PSU Debt Fund (Direct) | −4.3% | 09-03-2020 | 23-03-2020 | 21-04-2020 | 29 days | −0.2% |
From daily values since 28-11-2016, 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.
Axis Banking and PSU Debt Fund (Direct)
Edelweiss Banking and PSU Debt 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.
Axis Banking and PSU Debt Fund (Direct)
Edelweiss Banking and PSU Debt 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.
Axis Banking and PSU Debt Fund (Direct)
Edelweiss Banking and PSU Debt Fund (Direct)
Axis Banking and PSU Debt vs Edelweiss Banking and PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Banking and PSU Debt Fund, September 2026; Edelweiss Banking and PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 9.5%
- Held by both
- 16
- Only in Axis Banking and PSU Debt
- 146
- Only in Edelweiss Banking and PSU Debt
- 44
| Security | % of Axis Banking and PSU Debt | % of Edelweiss Banking and PSU Debt |
|---|---|---|
| 7.48% National Bank For Agriculture and Rural Development (15/09/2028) | 1.21% | 8.40% |
| 7.59% National Housing Bank (14/07/2027) | 1.05% | 6.38% |
| 7.35% Bharti Telecom Limited (15/10/2027) | 1.04% | 3.16% |
| 7.51% Small Industries Dev Bank of India (12/06/2028) | 1.04% | 3.17% |
| 7.35% Export Import Bank of India (27/07/2028) | 0.75% | 6.35% |
| 7.48% Indian Railway Finance Corporation Limited (13/08/2029) | 0.83% | 0.63% |
| 7.57% Indian Railway Finance Corporation Limited (18/04/2029) | 0.63% | 0.80% |
| 7.59% National Housing Bank (08/09/2027) | 0.63% | 1.60% |
| Small Industries Dev Bank of India (04/02/2027) | 0.61% | 0.78% |
| 7.58% REC Limited (31/05/2029) | 0.42% | 2.38% |
| 7.90% Bajaj Finance Limited (13/04/2028) | 0.42% | 0.79% |
| HDFC Bank Limited (12/03/2027) | 0.41% | 3.09% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.35% | 0.25% |
| 6.61% Power Finance Corporation Limited (15/07/2028) | 0.21% | 3.13% |
| 7.18% Government of India (14/08/2033) | 0.25% | 0.16% |
| 7.3% Bharti Telecom Limited (01/12/2027) | 0.04% | 1.58% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 9.5% means 9.5% 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 Axis Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| 7.44% National Bank For Agriculture and Rural Development (24/02/2028) | 6.83% |
| Export Import Bank of India (12/03/2027) | 3.45% |
| 7.7% Nuclear Power Corporation Of India Limited (21/03/2038) | 3.35% |
| 7.42% Power Finance Corporation Limited (15/04/2028) | 3.29% |
| Union Bank of India (10/02/2027) | 3.26% |
Largest holdings only in Edelweiss Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| 364 DAYS TBILL RED 28-05-2027 | 9.20% |
| KOTAK MAHINDRA BANK CD RED 08-01-2027 | 3.91% |
| 7.9% MAH & MAH FIN AB2026 21-02-28 | 3.18% |
| AXIS BANK LTD CD RED 26-02-27 | 3.10% |
| 7.79% SIDBI SR VI NCD RED 14-05-2027 | 2.39% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Banking and PSU Debt | Edelweiss Banking and PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 94.6% | 96.8% |
| Cash and others | 5.4% | 3.2% |
Axis Banking and PSU Debt vs Edelweiss Banking and PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Banking and PSU Debt Fund | Edelweiss Banking and PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.36% | 0.40% |
| Base expense ratio (Direct) | 0.30% | 0.33% |
| Total expense ratio (Regular) | 0.65% | 0.73% |
| Base expense ratio (Regular) | 0.54% | 0.61% |
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 Axis Banking and PSU Debt with
Compare Edelweiss Banking and PSU Debt with
Axis Banking and PSU Debt Fund vs Edelweiss Banking and PSU Debt Fund: Frequently Asked Questions
What is the difference between Axis Banking and PSU Debt Fund and Edelweiss Banking and PSU Debt Fund?
Both are Banking & PSU funds, run by Axis Mutual Fund and Edelweiss Mutual Fund. Their portfolios overlap 9.5%. Axis Banking and PSU Debt Fund charges 0.36% a year and Edelweiss Banking and PSU Debt Fund 0.40%.
Which has given higher returns, Axis Banking and PSU Debt Fund or Edelweiss Banking and PSU Debt Fund?
Over 1 year: Axis Banking and PSU Debt Fund +3.91%, Edelweiss Banking and PSU Debt Fund +4.02%. Over 3 years: Axis Banking and PSU Debt Fund +6.71% a year, Edelweiss Banking and PSU Debt Fund +7.00% a year. Over 5 years: Axis Banking and PSU Debt Fund +6.06% a year, Edelweiss Banking and PSU Debt Fund +6.03% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Banking and PSU Debt Fund or Edelweiss Banking and PSU Debt Fund?
Axis Banking and PSU Debt Fund charges less: 0.36% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Banking and PSU Debt Fund and Edelweiss Banking and PSU Debt Fund overlap?
9.5%. They hold 16 of the same securities, the largest shared ones being 7.48% National Bank For Agriculture and Rural Development (15/09/2028), 7.59% National Housing Bank (14/07/2027), 7.35% Bharti Telecom Limited (15/10/2027). From each fund's latest monthly portfolio.
Which is riskier, Axis Banking and PSU Debt Fund or Edelweiss Banking and PSU Debt Fund?
On SEBI's riskometer, Axis Banking and PSU Debt Fund is rated Moderate and Edelweiss Banking and PSU Debt Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.94% and 1.23% a year.
Which is better for SIP, Axis Banking and PSU Debt Fund or Edelweiss Banking and PSU Debt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,15,562 in Axis Banking and PSU Debt Fund (XIRR 6.2% a year) and ₹7,18,242 in Edelweiss Banking and PSU Debt Fund (XIRR 6.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Banking and PSU Debt Fund and Edelweiss Banking and PSU Debt Fund?
Yes. 9.5% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Axis Banking and PSU Debt Fund and Edelweiss Banking and PSU Debt Fund?
Axis Banking and PSU Debt Fund: Aditya Pagaria, Hardik Shah. Edelweiss Banking and PSU Debt Fund: Dhawal Dalal, Kedar Karnik.
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.