Edelweiss Banking and PSU Debt Fund vs HSBC Banking and PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Banking and PSU Debt Fund and HSBC Banking and PSU Debt Fund are both Banking & PSU funds. In the 3 years to 30-10-2026, Edelweiss Banking and PSU Debt Fund (Direct) returned 7.0% a year and HSBC Banking and PSU Debt Fund (Direct) returned 6.7% a year. Edelweiss Banking and PSU Debt Fund charges 0.40% a year and HSBC Banking and PSU Debt Fund 0.28% (Direct plans). Their portfolios overlap 14.5%: they hold 10 of the same securities.
Edelweiss Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 7.0%
- Expense ratio
- 0.40%
- NAV
- ₹27.11
HSBC Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.7%
- Expense ratio
- 0.28%
- NAV
- ₹27.14
Which is better, Edelweiss Banking and PSU Debt or HSBC 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.
- Edelweiss Banking and PSU Debt returned more over 3 years: 7.0% a year against 6.7%.
- Edelweiss Banking and PSU Debt returned more over 1 year: 4.0% against 3.8%.
- HSBC Banking and PSU Debt costs less: 0.28% a year against 0.40% (Direct plans).
- HSBC Banking and PSU Debt swung less over 3 years: a standard deviation of 1.0% a year against 1.2%.
- HSBC Banking and PSU Debt fell less in its worst fall since 28-11-2022: −0.7% against −0.7%.
- HSBC Banking and PSU Debt is the larger fund: ₹3,722 Cr against ₹3,137 Cr.
- Their portfolios overlap 14.5%: 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 | Edelweiss Banking and PSU Debt Fund | HSBC Banking and PSU Debt Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | HSBC Mutual Fund |
| Category | Banking & PSU | Banking & PSU |
| AUM | ₹3,137 Cr (30-09-2026) | ₹3,722 Cr (30-09-2026) |
| NAV | ₹27.11 (Direct) | ₹27.14 (Direct) |
| Expense ratio (Direct) | 0.40% | 0.28% |
| Expense ratio (Regular) | 0.73% | 0.61% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | CRISIL Banking and PSU Debt A-II Index | NIFTY Banking & PSU Debt Index A-II |
| Launch date | 13-09-2013 | 20-09-2007 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Dhawal Dalal, Kedar Karnik | Mahesh Chhabria, Mohd. Asif Rizwi |
| Exit load | Nil | Nil |
Edelweiss Banking and PSU Debt vs HSBC 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss Banking and PSU Debt Fund (Direct) | −0.04% | +0.67% | +2.62% | +4.02% | +7.00% | +6.03% | -- |
| HSBC Banking and PSU Debt Fund (Direct) | −0.24% | −0.04% | +2.24% | +3.81% | +6.70% | -- | -- |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | -- | -- |
Category average: the average of the 19 Banking & PSU funds, same plan type.
Edelweiss Banking and PSU Debt vs HSBC Banking and PSU Debt: Year-wise Returns
| Year | EdelweissEdelweiss Banking and PSU Debt | HSBCHSBC Banking and PSU Debt |
|---|---|---|
| 2026to date | +3.35% | +3.10% |
| 2025 | +7.71% | +7.90% |
| 2024 | +8.53% | +7.68% |
| 2023 | +6.74% | +6.90% |
| 2022 | +2.92% | -- |
| 2021 | +4.86% | -- |
Edelweiss Banking and PSU Debt vs HSBC Banking and PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 222 of them, one for each trading day from 28-11-2025 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.
Edelweiss Banking and PSU Debt Fund (Direct)
HSBC Banking and PSU Debt Fund (Direct)
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss Banking and PSU Debt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.2% | 6.6% | 7.8% |
| HSBC Banking and PSU Debt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.1% | 7.1% | 6.6% | 7.6% |
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 28-11-2022. Past returns do not promise future returns.
Edelweiss Banking and PSU Debt vs HSBC 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 01-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss Banking and PSU DebtEdelweiss Banking and PSU Debt Fund (Direct) | ₹4,80,000 | ₹5,45,286 | ₹65,286 | 6.3% |
| HSBC Banking and PSU DebtHSBC Banking and PSU Debt Fund (Direct) | ₹4,80,000 | ₹5,43,226 | ₹63,226 | 6.1% |
Edelweiss Banking and PSU DebtEdelweiss Banking and PSU Debt Fund (Direct)
HSBC Banking and PSU DebtHSBC 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.
Edelweiss Banking and PSU Debt vs HSBC Banking and PSU Debt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Banking and PSU Debt Fund (Direct) | HSBC Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.02% | +3.81% |
| Standard deviation | 1.09% | 1.32% |
| Sharpe ratio | -1.12 | -1.08 |
| Sortino ratio | -1.52 | -1.48 |
| Maximum drawdown | −0.7% (02-04-2026) | −0.7% (23-10-2026) |
| 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 | Edelweiss Banking and PSU Debt Fund (Direct) | HSBC Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.00% | +6.70% |
| Standard deviation | 1.23% | 1.00% |
| Sharpe ratio | 0.79 | 0.67 |
| Sortino ratio | 1.16 | 1.00 |
| Maximum drawdown | −0.7% (13-06-2025) | −0.7% (23-10-2026) |
| 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 | Edelweiss Banking and PSU Debt Fund (Direct) | HSBC Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.34% | +6.62% |
| Standard deviation | 2.58% | 0.97% |
| Sharpe ratio | 0.76 | 0.45 |
| Sortino ratio | 1.13 | 0.67 |
| Maximum drawdown | −4.3% (23-03-2020) | −0.7% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-11-2016 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.
Edelweiss Banking and PSU Debt Fund (Direct)
HSBC 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 |
|---|---|---|---|---|---|---|
| Edelweiss Banking and PSU Debt Fund (Direct) | −0.7% | 06-06-2025 | 13-06-2025 | 18-07-2025 | 35 days | −0.2% |
| HSBC Banking and PSU Debt Fund (Direct) | −0.7% | 14-08-2026 | 23-10-2026 | Not yet | -- | −0.5% |
From daily values since 28-11-2022, 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.
Edelweiss Banking and PSU Debt Fund (Direct)
HSBC 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.
Edelweiss Banking and PSU Debt Fund (Direct)
HSBC Banking and PSU Debt Fund (Direct)
Edelweiss Banking and PSU Debt vs HSBC Banking and PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Banking and PSU Debt Fund, September 2026; HSBC Banking and PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 14.5%
- Held by both
- 10
- Only in Edelweiss Banking and PSU Debt
- 50
- Only in HSBC Banking and PSU Debt
- 62
| Security | % of Edelweiss Banking and PSU Debt | % of HSBC Banking and PSU Debt |
|---|---|---|
| 7.35% EXIM BANK SR AA02 NCD 27-07-2028 | 6.35% | 3.51% |
| 7.48% NABARD NCD SR 25G RED 15-09-2028 | 8.40% | 3.08% |
| 7.38% REC LTD SR 253 NCD RED 28-02-2029 | 2.37% | 2.05% |
| HDFC BANK CD RED 12-03-2027 | 3.09% | 1.69% |
| 7.51% SIDBI SR V NCD RED 12-06-2028 | 3.17% | 1.42% |
| 7.45% IRFC NCD SR17 B NCD RED 13-10-2028 | 0.79% | 1.38% |
| 6.52% HUDCO NCD SR C RED 06-06-2028 | 0.78% | 2.69% |
| 7.48% IRFC NCD RED 13-08-2029 | 0.63% | 0.83% |
| 7.41% POWER FIN CORP NCD RED 25-02-2030 | 0.31% | 0.69% |
| SBI CDMDF--A2 | 0.25% | 0.38% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.5% means 14.5% 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 Edelweiss Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| 364 DAYS TBILL RED 28-05-2027 | 9.20% |
| 7.59%NATIONAL HOUSING BANK R 14-07-2027 | 6.38% |
| KOTAK MAHINDRA BANK CD RED 08-01-2027 | 3.91% |
| 7.9% MAH & MAH FIN AB2026 21-02-28 | 3.18% |
| 7.35%BHARTI TELECO SRXXV 15-10-27 | 3.16% |
Largest holdings only in HSBC Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| 6.94% GOI 11-May-2036 | 3.39% |
| Indian Railway Finance Corporation Ltd | 2.94% |
| EXIM Bank | 2.80% |
| Bharti Telecom Limited | 2.76% |
| Shivshakti Securitisation Trust | 2.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Banking and PSU Debt | HSBC Banking and PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 96.8% | 95.3% |
| Cash and others | 3.2% | 4.7% |
Edelweiss Banking and PSU Debt vs HSBC Banking and PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Banking and PSU Debt Fund | HSBC Banking and PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.40% | 0.28% |
| Base expense ratio (Direct) | 0.33% | 0.23% |
| Total expense ratio (Regular) | 0.73% | 0.61% |
| Base expense ratio (Regular) | 0.61% | 0.51% |
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 Edelweiss Banking and PSU Debt with
Compare HSBC Banking and PSU Debt with
Edelweiss Banking and PSU Debt Fund vs HSBC Banking and PSU Debt Fund: Frequently Asked Questions
What is the difference between Edelweiss Banking and PSU Debt Fund and HSBC Banking and PSU Debt Fund?
Both are Banking & PSU funds, run by Edelweiss Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 14.5%. Edelweiss Banking and PSU Debt Fund charges 0.40% a year and HSBC Banking and PSU Debt Fund 0.28%.
Which has given higher returns, Edelweiss Banking and PSU Debt Fund or HSBC Banking and PSU Debt Fund?
Over 1 year: Edelweiss Banking and PSU Debt Fund +4.02%, HSBC Banking and PSU Debt Fund +3.81%. Over 3 years: Edelweiss Banking and PSU Debt Fund +7.00% a year, HSBC Banking and PSU Debt Fund +6.70% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Banking and PSU Debt Fund or HSBC Banking and PSU Debt Fund?
HSBC Banking and PSU Debt Fund charges less: 0.28% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Banking and PSU Debt Fund and HSBC Banking and PSU Debt Fund overlap?
14.5%. They hold 10 of the same securities, the largest shared ones being 7.35% EXIM BANK SR AA02 NCD 27-07-2028, 7.48% NABARD NCD SR 25G RED 15-09-2028, 7.38% REC LTD SR 253 NCD RED 28-02-2029. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Banking and PSU Debt Fund or HSBC Banking and PSU Debt Fund?
On SEBI's riskometer, Edelweiss Banking and PSU Debt Fund is rated Low to Moderate and HSBC Banking and PSU Debt Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.23% and 1.00% a year.
Which is better for SIP, Edelweiss Banking and PSU Debt Fund or HSBC Banking and PSU Debt Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,06,011 in Edelweiss Banking and PSU Debt Fund (XIRR 6.0% a year) and ₹4,04,931 in HSBC Banking and PSU Debt Fund (XIRR 5.8% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss Banking and PSU Debt Fund and HSBC Banking and PSU Debt Fund?
Yes. 14.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Banking and PSU Debt Fund and HSBC Banking and PSU Debt Fund?
Edelweiss Banking and PSU Debt Fund: Dhawal Dalal, Kedar Karnik. HSBC Banking and PSU Debt Fund: Mahesh Chhabria, Mohd. Asif Rizwi.
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.