Bajaj Finserv Banking and PSU Debt Fund vs UTI Banking & PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Banking and PSU Debt Fund and UTI Banking & PSU Debt Fund are both Banking & PSU funds. In the year to 30-10-2026, Bajaj Finserv Banking and PSU Debt Fund (Direct) returned 3.9% and UTI Banking & PSU Debt Fund (Direct) returned 5.7%. Bajaj Finserv Banking and PSU Debt Fund charges 0.35% a year and UTI Banking & PSU Debt Fund 0.24% (Direct plans). Their portfolios overlap 0.3%: they hold 1 of the same security.
Bajaj Finserv Banking and PSU Debt Fund
Banking & PSU
- 1 year return
- 3.9%
- Expense ratio
- 0.35%
- NAV
- ₹12.23
UTI Banking & PSU Debt Fund
Banking & PSU
- 1 year return
- 5.7%
- Expense ratio
- 0.24%
- NAV
- ₹24.15
Which is better, Bajaj Finserv Banking and PSU Debt or UTI Banking & 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.
- UTI Banking & PSU Debt returned more over 1 year: 5.7% against 3.9%.
- UTI Banking & PSU Debt costs less: 0.24% a year against 0.35% (Direct plans).
- UTI Banking & PSU Debt fell less in its worst fall since 15-11-2023: −0.4% against −0.8%.
- UTI Banking & PSU Debt is the larger fund: ₹1,448 Cr against ₹315 Cr.
- Their portfolios overlap 0.3%: 1 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 | Bajaj Finserv Banking and PSU Debt Fund | UTI Banking & PSU Debt Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | UTI Mutual Fund |
| Category | Banking & PSU | Banking & PSU |
| AUM | ₹315 Cr (30-09-2026) | ₹1,448 Cr (30-09-2026) |
| NAV | ₹12.23 (Direct) | ₹24.15 (Direct) |
| Expense ratio (Direct) | 0.35% | 0.24% |
| Expense ratio (Regular) | 0.89% | 0.47% |
| Riskometer | Moderate | Low to Moderate |
| Benchmark | NIFTY Banking & PSU Debt Index A-II | NIFTY Banking & PSU Debt Index A-II |
| Launch date | 13-11-2023 | 03-02-2014 |
| Minimum investment | ₹1,000 | Regular Plan-Monthly Reinvestment of IDCW- Rs.20000, Regular Plan-Monthly Payout of IDCW- Rs.20000, Regular Plan-Half-yearly Reinvestment of IDCW- Rs.20000, Regular Plan-Half-yearly Payout of IDCW- Rs.20000, Regular Plan-Growth- Rs.500, Direct Plan-Growth |
| Lock in | None | None |
| Fund managers | Siddharth Chaudhary, Nimesh Chandan | Anurag Mittal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Entry load – not applicable Exit load – Nil | Nil |
Bajaj Finserv Banking and PSU Debt vs UTI Banking & 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Banking and PSU Debt Fund (Direct) | −0.10% | +0.29% | +2.62% | +3.85% | -- | -- | -- |
| UTI Banking & PSU Debt Fund (Direct) | +0.29% | +1.41% | +3.21% | +5.74% | +7.47% | +7.79% | +6.46% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
Category average: the average of the 19 Banking & PSU funds, same plan type.
Bajaj Finserv Banking and PSU Debt vs UTI Banking & PSU Debt: Year-wise Returns
| Year | Bajaj Finserv Banking andBajaj Finserv Banking and PSU Debt | UTI Banking &UTI Banking & PSU Debt |
|---|---|---|
| 2026to date | +3.25% | +4.86% |
| 2025 | +7.95% | +8.04% |
| 2024 | +8.41% | +7.92% |
| 2023 | -- | +7.01% |
| 2022 | -- | +10.57% |
| 2021 | -- | +2.95% |
Bajaj Finserv Banking and PSU Debt vs UTI Banking & PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 473 of them, one for each trading day from 18-11-2024 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.
Bajaj Finserv Banking and PSU Debt Fund (Direct)
UTI Banking & PSU Debt Fund (Direct)
to
Jan 2025May 2024
to
May 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Banking and PSU Debt | 0.0 | 19.5 | 71.5 | 9.1 | 0.0 | 0.0 | 0.0 | 7.4% | 8.1% | 2.9% | 11.2% |
| UTI Banking & PSU Debt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.6% | 7.9% | 5.0% | 9.9% |
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. Every fund is measured over the days all of them have, from 15-11-2023. Past returns do not promise future returns.
Bajaj Finserv Banking and PSU Debt vs UTI Banking & 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 15-11-2023 to 30-10-2026: 36 instalments, ₹3,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bajaj Finserv Banking and PSU DebtBajaj Finserv Banking and PSU Debt Fund (Direct) | ₹3,60,000 | ₹3,93,866 | ₹33,866 | 5.9% |
| UTI Banking & PSU DebtUTI Banking & PSU Debt Fund (Direct) | ₹3,60,000 | ₹3,99,535 | ₹39,535 | 6.9% |
Bajaj Finserv Banking and PSU DebtBajaj Finserv Banking and PSU Debt Fund (Direct)
UTI Banking & PSU DebtUTI Banking & 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.
Bajaj Finserv Banking and PSU Debt vs UTI Banking & PSU Debt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Banking and PSU Debt Fund (Direct) | UTI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.85% | +5.74% |
| Standard deviation | 1.29% | 0.65% |
| Sharpe ratio | -1.08 | 0.76 |
| Sortino ratio | -1.50 | 1.14 |
| Maximum drawdown | −0.7% (06-04-2026) | −0.3% (21-05-2026) |
| 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 | Bajaj Finserv Banking and PSU Debt Fund (Direct) | UTI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.98% | +7.16% |
| Standard deviation | 1.18% | 2.96% |
| Sharpe ratio | 0.82 | 0.44 |
| Sortino ratio | 1.21 | 0.60 |
| Maximum drawdown | −0.8% (13-06-2025) | −6.7% (30-04-2019) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 15-11-2023 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.
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.
Bajaj Finserv Banking and PSU Debt Fund (Direct)
UTI Banking & PSU Debt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv Banking and PSU Debt Fund (Direct) | −0.8% | 06-06-2025 | 13-06-2025 | 22-07-2025 | 39 days | −0.2% |
| UTI Banking & PSU Debt Fund (Direct) | −0.4% | 06-06-2025 | 13-06-2025 | 02-07-2025 | 19 days | 0.0% |
From daily values since 15-11-2023, 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.
Bajaj Finserv Banking and PSU Debt Fund (Direct)
UTI Banking & PSU Debt Fund (Direct)
Bajaj Finserv Banking and PSU Debt vs UTI Banking & PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Banking and PSU Debt Fund, September 2026; UTI Banking & PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 0.3%
- Held by both
- 1
- Only in Bajaj Finserv Banking and PSU Debt
- 15
- Only in UTI Banking & PSU Debt
- 41
| Security | % of Bajaj Finserv Banking and PSU Debt | % of UTI Banking & PSU Debt |
|---|---|---|
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.33% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.3% means 0.3% 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 Bajaj Finserv Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| 8.54% REC Limited (15/11/2028) | 8.08% |
| Axis Bank Limited (15/10/2026) | 7.92% |
| 7.42% Power Finance Corporation Limited (15/04/2028) | 7.90% |
| 7.44% National Bank For Agriculture and Rural Development (24/02/2028) | 7.90% |
| 7.37% Indian Railway Finance Corporation Limited (31/07/2029) | 7.87% |
Largest holdings only in UTI Banking & PSU Debt Fund
| Security | % of fund |
|---|---|
| CD - CANARA BANK - 28/01/2027 | 7.77% |
| CD - UNION BANK OF INDIA - 19/01/2027 | 6.77% |
| CD - ICICI BANK LTD - 25/03/2027 | 5.02% |
| NCD NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | 3.80% |
| NCD AXIS BANK LTD. | 3.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Banking and PSU Debt | UTI Banking & PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 78.3% | 97.2% |
| Cash and others | 21.8% | 2.8% |
Bajaj Finserv Banking and PSU Debt vs UTI Banking & PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Banking and PSU Debt Fund | UTI Banking & PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.35% | 0.24% |
| Base expense ratio (Direct) | 0.29% | 0.20% |
| Total expense ratio (Regular) | 0.89% | 0.47% |
| Base expense ratio (Regular) | 0.75% | 0.40% |
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 Bajaj Finserv Banking and PSU Debt with
Bajaj Finserv Banking and PSU Debt Fund vs UTI Banking & PSU Debt Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Banking and PSU Debt Fund and UTI Banking & PSU Debt Fund?
Both are Banking & PSU funds, run by Bajaj Finserv Mutual Fund and UTI Mutual Fund. Their portfolios overlap 0.3%. Bajaj Finserv Banking and PSU Debt Fund charges 0.35% a year and UTI Banking & PSU Debt Fund 0.24%.
Which has given higher returns, Bajaj Finserv Banking and PSU Debt Fund or UTI Banking & PSU Debt Fund?
Over 1 year: Bajaj Finserv Banking and PSU Debt Fund +3.85%, UTI Banking & PSU Debt Fund +5.74%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Banking and PSU Debt Fund or UTI Banking & PSU Debt Fund?
UTI Banking & PSU Debt Fund charges less: 0.24% a year against 0.35%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Banking and PSU Debt Fund and UTI Banking & PSU Debt Fund overlap?
0.3%. They hold 1 of the same securities, the largest shared ones being SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Banking and PSU Debt Fund or UTI Banking & PSU Debt Fund?
On SEBI's riskometer, Bajaj Finserv Banking and PSU Debt Fund is rated Moderate and UTI Banking & PSU Debt Fund Low to Moderate. Over 1 years, the standard deviation of daily returns was 1.29% and 0.65% a year.
Can I invest in both Bajaj Finserv Banking and PSU Debt Fund and UTI Banking & PSU Debt Fund?
Yes. 0.3% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Bajaj Finserv Banking and PSU Debt Fund and UTI Banking & PSU Debt Fund?
Bajaj Finserv Banking and PSU Debt Fund: Siddharth Chaudhary, Nimesh Chandan. UTI Banking & PSU Debt Fund: Anurag Mittal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4.
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.