DSP Corporate Bond Fund vs UTI Banking & PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Corporate Bond Fund is a Corporate Bond fund and UTI Banking & PSU Debt Fund is a Banking & PSU fund. In the 3 years to 30-10-2026, DSP Corporate Bond Fund (Direct) returned 7.4% a year and UTI Banking & PSU Debt Fund (Direct) returned 7.5% a year. DSP Corporate Bond Fund charges 0.29% a year and UTI Banking & PSU Debt Fund 0.24% (Direct plans). Their portfolios overlap 17.3%: they hold 10 of the same securities.
DSP Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.4%
- Expense ratio
- 0.29%
- NAV
- ₹17.58
UTI Banking & PSU Debt Fund
Banking & PSU
- 3 year return
- 7.5%
- Expense ratio
- 0.24%
- NAV
- ₹24.15
Which is better, DSP Corporate Bond 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 5 years: 7.8% a year against 6.1%.
- UTI Banking & PSU Debt returned more over 3 years: 7.5% a year against 7.4%.
- UTI Banking & PSU Debt costs less: 0.24% a year against 0.29% (Direct plans).
- DSP Corporate Bond swung less over 3 years: a standard deviation of 0.6% a year against 0.8%.
- DSP Corporate Bond fell less in its worst fall since 11-09-2018: −3.2% against −6.7%.
- DSP Corporate Bond is the larger fund: ₹2,647 Cr against ₹1,448 Cr.
- Their portfolios overlap 17.3%: 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 | DSP Corporate Bond Fund | UTI Banking & PSU Debt Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | UTI Mutual Fund |
| Category | Corporate Bond | Banking & PSU |
| AUM | ₹2,647 Cr (30-09-2026) | ₹1,448 Cr (30-09-2026) |
| NAV | ₹17.58 (Direct) | ₹24.15 (Direct) |
| Expense ratio (Direct) | 0.29% | 0.24% |
| Expense ratio (Regular) | 0.53% | 0.47% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Corporate Debt A-II Index | NIFTY Banking & PSU Debt Index A-II |
| Launch date | 10-09-2018 | 03-02-2014 |
| Minimum investment | ₹100 | 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 | Shantanu Godambe, Vivek Ramakrishnan | Anurag Mittal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Nil | Nil |
DSP Corporate Bond 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 |
|---|---|---|---|---|---|---|---|
| DSP Corporate Bond Fund (Direct) | +0.29% | +1.38% | +3.12% | +5.71% | +7.40% | +6.08% | -- |
| UTI Banking & PSU Debt Fund (Direct) | +0.29% | +1.41% | +3.21% | +5.74% | +7.47% | +7.79% | +6.46% |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | +6.20% | -- |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
Category average: the average of the 21 Corporate Bond funds and the 19 Banking & PSU funds, same plan type.
DSP Corporate Bond vs UTI Banking & PSU Debt: Year-wise Returns
| Year | DSP Corporate BondDSP Corporate Bond | UTI Banking & PSU DebtUTI Banking & PSU Debt |
|---|---|---|
| 2026to date | +4.82% | +4.86% |
| 2025 | +7.96% | +8.04% |
| 2024 | +7.96% | +7.92% |
| 2023 | +6.76% | +7.01% |
| 2022 | +2.34% | +10.57% |
| 2021 | +3.66% | +2.95% |
DSP Corporate Bond vs UTI Banking & PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,247 of them, one for each trading day from 13-09-2021 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.
DSP Corporate Bond Fund (Direct)
UTI Banking & PSU Debt Fund (Direct)
to
Feb 2022Dec 2019
to
Dec 2022Nov 2020
to
Nov 2023Sept 2021
to
Sept 2024Aug 2022
to
Aug 2025Jun 2023
to
Jun 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Corporate Bond | 0.0 | 26.3 | 73.7 | 0.0 | 0.0 | 0.0 | 0.0 | 6.2% | 5.8% | 4.0% | 9.3% |
| UTI Banking & PSU Debt | 0.0 | 12.3 | 87.7 | 0.0 | 0.0 | 0.0 | 0.0 | 7.1% | 7.4% | 3.5% | 9.8% |
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 11-09-2018. Past returns do not promise future returns.
DSP Corporate Bond 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 11-09-2018 to 30-10-2026: 98 instalments, ₹9,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Corporate BondDSP Corporate Bond Fund (Direct) | ₹9,80,000 | ₹12,85,049 | ₹3,05,049 | 6.5% |
| UTI Banking & PSU DebtUTI Banking & PSU Debt Fund (Direct) | ₹9,80,000 | ₹13,18,055 | ₹3,38,055 | 7.1% |
DSP Corporate BondDSP Corporate Bond 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.
DSP Corporate Bond 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 | DSP Corporate Bond Fund (Direct) | UTI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.71% | +5.74% |
| Standard deviation | 0.57% | 0.65% |
| Sharpe ratio | 0.82 | 0.76 |
| Sortino ratio | 1.24 | 1.14 |
| Maximum drawdown | −0.2% (22-05-2026) | −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 | DSP Corporate Bond Fund (Direct) | UTI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.40% | +7.47% |
| Standard deviation | 0.62% | 0.75% |
| Sharpe ratio | 2.21 | 1.92 |
| Sortino ratio | 3.77 | 3.16 |
| Maximum drawdown | −0.3% (13-06-2025) | −0.4% (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 | DSP Corporate Bond Fund (Direct) | UTI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.08% | +7.79% |
| Standard deviation | 1.24% | 2.92% |
| Sharpe ratio | 0.22 | 0.68 |
| Sortino ratio | 0.27 | 2.76 |
| Maximum drawdown | −3.2% (09-05-2022) | −1.1% (14-10-2022) |
| 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 | DSP Corporate Bond Fund (Direct) | UTI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.17% | +7.16% |
| Standard deviation | 1.58% | 2.96% |
| Sharpe ratio | 1.21 | 0.44 |
| Sortino ratio | 1.89 | 0.60 |
| Maximum drawdown | −3.2% (09-05-2022) | −6.7% (30-04-2019) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 11-09-2018 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.
DSP Corporate Bond 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 |
|---|---|---|---|---|---|---|
| DSP Corporate Bond Fund (Direct) | −3.2% | 07-04-2022 | 09-05-2022 | 13-09-2022 | 4 months | 0.0% |
| UTI Banking & PSU Debt Fund (Direct) | −6.7% | 02-04-2019 | 30-04-2019 | 07-02-2020 | 9 months | 0.0% |
From daily values since 11-09-2018, 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.
DSP Corporate Bond Fund (Direct)
UTI Banking & 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.
DSP Corporate Bond Fund (Direct)
UTI Banking & 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.
DSP Corporate Bond Fund (Direct)
UTI Banking & PSU Debt Fund (Direct)
DSP Corporate Bond vs UTI Banking & PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Corporate Bond Fund, September 2026; UTI Banking & PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 17.3%
- Held by both
- 10
- Only in DSP Corporate Bond
- 37
- Only in UTI Banking & PSU Debt
- 32
| Security | % of DSP Corporate Bond | % of UTI Banking & PSU Debt |
|---|---|---|
| National Bank For Agriculture & Rural Development | 5.91% | 3.80% |
| 7.38% GOI 20062027 | 7.78% | 3.48% |
| Indian Railway Finance Corporation Limited | 4.08% | 2.08% |
| Kotak Mahindra Prime Limited | 4.97% | 1.73% |
| Power Finance Corporation Limited | 1.72% | 1.73% |
| Bajaj Housing Finance Limited | 2.95% | 1.38% |
| REC Limited | 0.97% | 1.73% |
| 7.86% Karnataka SDL 15032027 | 0.96% | 1.74% |
| Union Bank of India | 0.93% | 6.77% |
| SBI Funds Management Pvt Limited/Fund Parent | 0.38% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.3% means 17.3% 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 DSP Corporate Bond Fund
| Security | % of fund |
|---|---|
| LIC Housing Finance Limited | 5.88% |
| Power Finance Corporation Limited | 4.97% |
| Indian Oil Corporation Limited | 4.88% |
| REC Limited | 3.39% |
| Indian Railway Finance Corporation Limited | 3.31% |
Largest holdings only in UTI Banking & PSU Debt Fund
| Security | % of fund |
|---|---|
| CD - CANARA BANK - 28/01/2027 | 7.77% |
| CD - ICICI BANK LTD - 25/03/2027 | 5.02% |
| NCD AXIS BANK LTD. | 3.80% |
| 7.61% TN SDL MAT 15/02/27. | 3.47% |
| CD - Axis Bank Ltd - 13/01/2027 | 3.39% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Corporate Bond | UTI Banking & PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 98.0% | 97.2% |
| Cash and others | 2.0% | 2.8% |
DSP Corporate Bond vs UTI Banking & PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Corporate Bond Fund | UTI Banking & PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.29% | 0.24% |
| Base expense ratio (Direct) | 0.25% | 0.20% |
| Total expense ratio (Regular) | 0.53% | 0.47% |
| Base expense ratio (Regular) | 0.45% | 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 DSP Corporate Bond with
DSP Corporate Bond Fund vs UTI Banking & PSU Debt Fund: Frequently Asked Questions
What is the difference between DSP Corporate Bond Fund and UTI Banking & PSU Debt Fund?
DSP Corporate Bond Fund is a Corporate Bond fund, UTI Banking & PSU Debt Fund is a Banking & PSU fund, run by DSP Mutual Fund and UTI Mutual Fund. Their portfolios overlap 17.3%. DSP Corporate Bond Fund charges 0.29% a year and UTI Banking & PSU Debt Fund 0.24%.
Which has given higher returns, DSP Corporate Bond Fund or UTI Banking & PSU Debt Fund?
Over 1 year: DSP Corporate Bond Fund +5.71%, UTI Banking & PSU Debt Fund +5.74%. Over 3 years: DSP Corporate Bond Fund +7.40% a year, UTI Banking & PSU Debt Fund +7.47% a year. Over 5 years: DSP Corporate Bond Fund +6.08% a year, UTI Banking & PSU Debt Fund +7.79% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Corporate Bond Fund or UTI Banking & PSU Debt Fund?
UTI Banking & PSU Debt Fund charges less: 0.24% a year against 0.29%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Corporate Bond Fund and UTI Banking & PSU Debt Fund overlap?
17.3%. They hold 10 of the same securities, the largest shared ones being National Bank For Agriculture & Rural Development, 7.38% GOI 20062027, Indian Railway Finance Corporation Limited. From each fund's latest monthly portfolio.
Which is riskier, DSP Corporate Bond Fund or UTI Banking & PSU Debt Fund?
On SEBI's riskometer, DSP Corporate Bond Fund is rated Low to Moderate and UTI Banking & PSU Debt Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.62% and 0.75% a year.
Which is better for SIP, DSP Corporate Bond Fund or UTI Banking & PSU Debt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,26,553 in DSP Corporate Bond Fund (XIRR 6.8% a year) and ₹7,35,942 in UTI Banking & PSU Debt Fund (XIRR 7.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Corporate Bond Fund and UTI Banking & PSU Debt Fund?
Yes. 17.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Corporate Bond Fund and UTI Banking & PSU Debt Fund?
DSP Corporate Bond Fund: Shantanu Godambe, Vivek Ramakrishnan. 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.