Groww Nifty PSU Bank Index Fund vs SBI BSE PSU Bank ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty PSU Bank Index Fund is an Index fund and SBI BSE PSU Bank ETF is a mutual fund. Groww Nifty PSU Bank Index Fund charges 1.32% a year and SBI BSE PSU Bank ETF 0.42%. Their portfolios overlap 91.5%: they hold 11 of the same securities.
Which is better, Groww Nifty PSU Bank Index or SBI BSE PSU Bank ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI BSE PSU Bank ETF costs less: 0.42% a year against 1.32%.
- SBI BSE PSU Bank ETF fell less in its worst fall since 27-03-2026: −12.1% against −12.4%.
- SBI BSE PSU Bank ETF is the larger fund: ₹114 Cr against ₹5 Cr.
- Their portfolios overlap 91.5%: 11 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 | Groww Nifty PSU Bank Index Fund | SBI BSE PSU Bank ETF |
|---|---|---|
| Fund house | Groww Mutual Fund | SBI Mutual Fund |
| Category | Index | Not available |
| AUM | ₹5 Cr (30-09-2026) | ₹114 Cr (30-09-2026) |
| NAV | ₹9.75 (Direct) | ₹47.97 (Regular) |
| Expense ratio (Direct) | 1.32% | Not available |
| Expense ratio (Regular) | 1.83% | 0.42% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty PSU Bank TRI | Not available |
| Launch date | 24-03-2026 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Not available |
| Exit load | Nil | Not available |
Groww Nifty PSU Bank Index vs SBI BSE PSU Bank ETF: 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 |
|---|---|---|---|---|---|---|---|
| Groww Nifty PSU Bank Index Fund (Direct) | +2.50% | −1.77% | −3.59% | -- | -- | -- | -- |
| SBI BSE PSU Bank ETF (Regular) | +2.88% | −0.56% | −1.64% | +2.35% | -- | -- | -- |
Groww Nifty PSU Bank Index vs SBI BSE PSU Bank ETF: Year-wise Returns
| Year | Groww Nifty PSU Bank IndexGroww Nifty PSU Bank Index | SBI BSE PSU Bank ETFSBI BSE PSU Bank ETF |
|---|---|---|
| 2026to date | -- | −3.40% |
Groww Nifty PSU Bank Index vs SBI BSE PSU Bank ETF: Rolling Returns
Every holding period of both funds, against Nifty PSU Bank TRI, the benchmark of Groww Nifty PSU Bank Index Fund
Groww Nifty PSU Bank Index vs SBI BSE PSU Bank ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty PSU Bank Index Fund (Direct) | SBI BSE PSU Bank ETF (Regular) |
|---|---|---|
| Return (CAGR) | −1.69% | +21.03% |
| Standard deviation | 22.16% | 22.96% |
| Sharpe ratio | -0.31 | 0.68 |
| Sortino ratio | -0.46 | 0.97 |
| Maximum drawdown | −12.4% (01-10-2026) | −20.5% (31-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −2.58% | −0.38% |
From daily NAVs, 27-03-2026 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.
Groww Nifty PSU Bank Index Fund (Direct)
SBI BSE PSU Bank ETF (Regular)
Nifty PSU Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty PSU Bank Index Fund (Direct) | −12.4% | 22-04-2026 | 01-10-2026 | Not yet | -- | −9.3% |
| SBI BSE PSU Bank ETF (Regular) | −12.1% | 22-04-2026 | 18-05-2026 | Not yet | -- | −7.8% |
| Nifty PSU Bank TRI | −12.2% | 22-04-2026 | 18-05-2026 | Not yet | -- | −8.1% |
From daily values since 27-03-2026, the first day every fund has.
Groww Nifty PSU Bank Index vs SBI BSE PSU Bank ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty PSU Bank Index Fund, September 2026; SBI BSE PSU Bank ETF, September 2026
Holdings in common
- Overlap
- 91.5%
- Held by both
- 11
- Only in Groww Nifty PSU Bank Index
- 1
- Only in SBI BSE PSU Bank ETF
- 0
| Security | % of Groww Nifty PSU Bank Index | % of SBI BSE PSU Bank ETF |
|---|---|---|
| State Bank of India | 33.39% | 25.01% |
| Bank of Baroda | 12.50% | 14.20% |
| Canara Bank | 11.73% | 13.27% |
| Punjab National Bank | 11.38% | 12.91% |
| Union Bank of India | 9.65% | 10.75% |
| Indian Bank | 8.32% | 9.33% |
| Bank of Maharashtra | 4.72% | 5.25% |
| Bank of India | 4.61% | 5.30% |
| Central Bank of India | 1.52% | 1.73% |
| Indian Overseas Bank | 1.32% | 1.38% |
| UCO Bank | 0.77% | 0.87% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 91.5% means 91.5% 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 Groww Nifty PSU Bank Index Fund
| Security | % of fund |
|---|---|
| Punjab & Sind Bank | 0.27% |
Largest holdings only in SBI BSE PSU Bank ETF
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty PSU Bank Index | SBI BSE PSU Bank ETF |
|---|---|---|
| Equity | 100.2% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.2% | 0.0% |
Market cap of stocks
| Market cap | Groww Nifty PSU Bank Index | SBI BSE PSU Bank ETF |
|---|---|---|
| Large Cap | 87.0% | 85.5% |
| Mid Cap | 11.4% | 12.8% |
| Small Cap | 1.8% | 1.7% |
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 | Groww Nifty PSU Bank Index | SBI BSE PSU Bank ETF |
|---|---|---|
| Banks | 100.2% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty PSU Bank Index vs SBI BSE PSU Bank ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty PSU Bank Index Fund | SBI BSE PSU Bank ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.32% | Not available |
| Base expense ratio (Direct) | 0.40% | 0.00% |
| Total expense ratio (Regular) | 1.83% | 0.42% |
| Base expense ratio (Regular) | 0.85% | 0.35% |
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.
Groww Nifty PSU Bank Index Fund vs SBI BSE PSU Bank ETF: Frequently Asked Questions
What is the difference between Groww Nifty PSU Bank Index Fund and SBI BSE PSU Bank ETF?
Groww Nifty PSU Bank Index Fund is an Index fund, SBI BSE PSU Bank ETF is a mutual fund, run by Groww Mutual Fund and SBI Mutual Fund. Their portfolios overlap 91.5%. Groww Nifty PSU Bank Index Fund charges 1.32% a year and SBI BSE PSU Bank ETF 0.42%.
Which has the lower expense ratio, Groww Nifty PSU Bank Index Fund or SBI BSE PSU Bank ETF?
SBI BSE PSU Bank ETF charges less: 0.42% a year against 1.32%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty PSU Bank Index Fund and SBI BSE PSU Bank ETF overlap?
91.5%. They hold 11 of the same securities, the largest shared ones being SBIN, BANKBARODA, CANBK. From each fund's latest monthly portfolio.
Can I invest in both Groww Nifty PSU Bank Index Fund and SBI BSE PSU Bank ETF?
Yes. 91.5% 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.