HDFC Banking and PSU Debt Fund vs HDFC Corporate Bond Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Banking and PSU Debt Fund is a Banking & PSU fund and HDFC Corporate Bond Fund is a Corporate Bond fund. In the 3 years to 30-10-2026, HDFC Banking and PSU Debt Fund (Direct) returned 6.8% a year and HDFC Corporate Bond Fund (Direct) returned 6.6% a year. HDFC Banking and PSU Debt Fund charges 0.35% a year and HDFC Corporate Bond Fund 0.38% (Direct plans). Their portfolios overlap 24.8%: they hold 54 of the same securities.
HDFC Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.8%
- Expense ratio
- 0.35%
- NAV
- ₹25.35
HDFC Corporate Bond Fund
Corporate Bond
- 3 year return
- 6.6%
- Expense ratio
- 0.38%
- NAV
- ₹34.93
Which is better, HDFC Banking and PSU Debt or HDFC Corporate Bond? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Banking and PSU Debt returned more over 5 years: 6.1% a year against 6.0%.
- HDFC Banking and PSU Debt returned more over 3 years: 6.8% a year against 6.6%.
- HDFC Banking and PSU Debt costs less: 0.35% a year against 0.38% (Direct plans).
- HDFC Banking and PSU Debt swung less over 3 years: a standard deviation of 1.1% a year against 1.3%.
- HDFC Corporate Bond fell less in its worst fall since 26-03-2014: −2.7% against −3.1%.
- HDFC Corporate Bond is the larger fund: ₹29,479 Cr against ₹5,055 Cr.
- Their portfolios overlap 24.8%: 54 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 | HDFC Banking and PSU Debt Fund | HDFC Corporate Bond Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | HDFC Mutual Fund |
| Category | Banking & PSU | Corporate Bond |
| AUM | ₹5,055 Cr (30-09-2026) | ₹29,479 Cr (30-09-2026) |
| NAV | ₹25.35 (Direct) | ₹34.93 (Direct) |
| Expense ratio (Direct) | 0.35% | 0.38% |
| Expense ratio (Regular) | 0.68% | 0.63% |
| Riskometer | Moderate | Moderate |
| Benchmark | NIFTY Banking & PSU Debt Index A-II | NIFTY Corporate Bond Index A-II |
| Launch date | 26-03-2014 | 29-06-2010 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Anil Bamboli, Gopal Agrawal | Anupam Joshi, Gopal Agrawal |
| Exit load | NIL | NIL |
HDFC Banking and PSU Debt vs HDFC Corporate Bond: 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 |
|---|---|---|---|---|---|---|---|
| HDFC Banking and PSU Debt Fund (Direct) | −0.44% | −0.41% | +2.03% | +3.44% | +6.75% | +6.09% | +6.99% |
| HDFC Corporate Bond Fund (Direct) | −0.60% | −0.87% | +1.72% | +2.83% | +6.60% | +6.02% | +7.06% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | +6.20% | +6.98% |
Category average: the average of the 19 Banking & PSU funds and the 21 Corporate Bond funds, same plan type.
HDFC Banking and PSU Debt vs HDFC Corporate Bond: Year-wise Returns
| Year | Banking and PSU DebtHDFC Banking and PSU Debt | Corporate BondHDFC Corporate Bond |
|---|---|---|
| 2026to date | +2.72% | +2.14% |
| 2025 | +7.87% | +7.60% |
| 2024 | +8.27% | +8.82% |
| 2023 | +7.28% | +7.49% |
| 2022 | +3.72% | +3.56% |
| 2021 | +4.13% | +4.22% |
HDFC Banking and PSU Debt vs HDFC Corporate Bond: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,323 of them, one for each trading day from 27-03-2017 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.
HDFC Banking and PSU Debt Fund (Direct)
HDFC Corporate Bond Fund (Direct)
to
Jan 2018Aug 2016
to
Aug 2019Apr 2018
to
Apr 2021Nov 2019
to
Nov 2022Jul 2021
to
Jul 2024Jan 2023
to
Jan 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Banking and PSU Debt | 0.0 | 0.7 | 99.3 | 0.0 | 0.0 | 0.0 | 0.0 | 7.7% | 7.9% | 4.9% | 9.9% |
| HDFC Corporate Bond | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.8% | 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 26-03-2014. Past returns do not promise future returns.
HDFC Banking and PSU Debt vs HDFC Corporate Bond: 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 26-03-2014 to 30-10-2026: 152 instalments, ₹15,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Banking and PSU DebtHDFC Banking and PSU Debt Fund (Direct) | ₹15,20,000 | ₹24,14,726 | ₹8,94,726 | 7.0% |
| HDFC Corporate BondHDFC Corporate Bond Fund (Direct) | ₹15,20,000 | ₹24,15,169 | ₹8,95,169 | 7.0% |
HDFC Banking and PSU DebtHDFC Banking and PSU Debt Fund (Direct)
HDFC Corporate BondHDFC Corporate Bond 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.
HDFC Banking and PSU Debt vs HDFC Corporate Bond: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Banking and PSU Debt Fund (Direct) | HDFC Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.44% | +2.83% |
| Standard deviation | 1.43% | 1.73% |
| Sharpe ratio | -1.26 | -1.40 |
| Sortino ratio | -1.68 | -1.83 |
| Maximum drawdown | −1.0% (23-10-2026) | −1.5% (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 | HDFC Banking and PSU Debt Fund (Direct) | HDFC Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +6.60% |
| Standard deviation | 1.13% | 1.28% |
| Sharpe ratio | 0.64 | 0.45 |
| Sortino ratio | 0.92 | 0.62 |
| Maximum drawdown | −1.0% (23-10-2026) | −1.5% (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 | HDFC Banking and PSU Debt Fund (Direct) | HDFC Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.09% | +6.02% |
| Standard deviation | 1.04% | 1.25% |
| Sharpe ratio | 0.28 | 0.18 |
| Sortino ratio | 0.38 | 0.23 |
| Maximum drawdown | −1.0% (23-10-2026) | −1.5% (07-06-2022) |
| 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 | HDFC Banking and PSU Debt Fund (Direct) | HDFC Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.66% | +7.75% |
| Standard deviation | 1.55% | 1.74% |
| Sharpe ratio | 1.18 | 0.97 |
| Sortino ratio | 1.91 | 1.39 |
| Maximum drawdown | −3.1% (24-03-2020) | −4.0% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 26-03-2014 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.
HDFC Banking and PSU Debt Fund (Direct)
HDFC Corporate Bond Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Banking and PSU Debt Fund (Direct) | −3.1% | 06-03-2020 | 24-03-2020 | 20-04-2020 | 27 days | −0.9% |
| HDFC Corporate Bond Fund (Direct) | −2.7% | 09-03-2020 | 19-03-2020 | 27-03-2020 | 8 days | −1.3% |
From daily values since 26-03-2014, 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.
HDFC Banking and PSU Debt Fund (Direct)
HDFC Corporate Bond 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.
HDFC Banking and PSU Debt Fund (Direct)
HDFC Corporate Bond 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.
HDFC Banking and PSU Debt Fund (Direct)
HDFC Corporate Bond Fund (Direct)
HDFC Banking and PSU Debt vs HDFC Corporate Bond: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Banking and PSU Debt Fund, September 2026; HDFC Corporate Bond Fund, September 2026
Holdings in common
- Overlap
- 24.8%
- Held by both
- 54
- Only in HDFC Banking and PSU Debt
- 48
- Only in HDFC Corporate Bond
- 180
| Security | % of HDFC Banking and PSU Debt | % of HDFC Corporate Bond |
|---|---|---|
| LIC Housing Finance Ltd. | 1.97% | 1.69% |
| HDFC Bank Ltd. | 1.47% | 1.68% |
| Small Industries Development Bank | 1.98% | 1.36% |
| National Bank for Agri & Rural Dev. | 1.18% | 1.10% |
| REC Limited. | 2.96% | 1.02% |
| Pipeline Infrastructure Pvt. Ltd. | 0.99% | 1.33% |
| Housing and Urban Development Corporation Ltd. | 1.43% | 0.98% |
| Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 0.95% | 1.38% |
| Small Industries Development Bank | 0.98% | 0.92% |
| Shivshakti Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 1.42% | 0.89% |
| Bajaj Housing Finance Ltd. | 1.97% | 0.84% |
| Small Industries Development Bank | 1.47% | 0.67% |
| State Bank of India (Tier 2 - Basel III) | 0.67% | 2.54% |
| National Bank for Agri & Rural Dev. | 2.47% | 0.59% |
| Power Finance Corporation Ltd. | 0.97% | 0.50% |
| Indian Railways Finance Corp. Ltd. | 0.50% | 0.81% |
| HDFC Bank Ltd. | 0.49% | 1.18% |
| Indian Oil Corporation Ltd. | 0.49% | 1.26% |
| Small Industries Development Bank | 0.49% | 1.69% |
| REC Limited. | 0.48% | 0.65% |
| National Housing Bank | 0.48% | 1.00% |
| REC Limited. | 1.01% | 0.45% |
| Indian Railways Finance Corp. Ltd. | 0.52% | 0.45% |
| SMFG India Credit Company Ltd | 1.49% | 0.42% |
| National Bank for Agri & Rural Dev. | 1.48% | 0.42% |
| Small Industries Development Bank | 0.97% | 0.41% |
| Corporate Debt Market Development Fund | 0.36% | 0.36% |
| Power Grid Corporation of India Ltd. | 1.58% | 0.34% |
| Power Finance Corporation Ltd. | 2.44% | 0.33% |
| National Bank for Agri & Rural Dev. | 1.00% | 0.33% |
| 7.34% GOI MAT 220464 | 0.60% | 0.31% |
| Pipeline Infrastructure Pvt. Ltd. | 0.50% | 0.31% |
| 7.64% Gujarat SDL ISD 170124 MAT 170133 | 0.99% | 0.29% |
| Bajaj Finance Ltd. | 0.29% | 0.96% |
| National Bank for Agri & Rural Dev. | 0.49% | 0.25% |
| 7.64% % Gujarat SDL ISD 170124 Mat 170134 | 0.59% | 0.24% |
| National Bank for Agri & Rural Dev. | 0.98% | 0.17% |
| National Bank for Agri & Rural Dev. | 0.49% | 0.17% |
| Small Industries Development Bank | 0.49% | 0.17% |
| 7.63% Gujarat SDL ISD 240124 Mat 240134 | 0.39% | 0.17% |
| 7.63% Andhra Pradesh SDL ISD 030925 MAT 030937 | 0.19% | 0.17% |
| 7.72% Bihar SDL - MAT 250241 | 0.19% | 0.17% |
| REC Limited. | 0.49% | 0.15% |
| Indian Railways Finance Corp. Ltd. | 0.97% | 0.13% |
| 7.62% Andhra Pradesh SDL ISD 030925 MAT 030936 | 0.13% | 0.11% |
| Power Finance Corporation Ltd. | 0.49% | 0.10% |
| 7.67% Haryana SDL MAT 250241 | 0.10% | 0.13% |
| LIC Housing Finance Ltd. | 0.50% | 0.09% |
| Bajaj Finance Ltd. | 0.09% | 3.55% |
| 7.48% Andhra Pradesh SDL ISD 030925 MAT 030933 | 0.15% | 0.07% |
| 7.63% Gujarat SDL - MAT 100637 | 0.17% | 0.06% |
| REC Limited. | 1.01% | 0.05% |
| 7.48% Andhra Pradesh SDL ISD 030925 MAT 030934 | 0.12% | 0.05% |
| 7.63% Gujarat SDL ISD 240124 Mat 240133 | 0.49% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 24.8% means 24.8% 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 HDFC Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| Indian Railways Finance Corp. Ltd. | 5.41% |
| Bajaj Housing Finance Ltd. | 2.97% |
| Indian Railways Finance Corp. Ltd. | 2.96% |
| Housing and Urban Development Corporation Ltd. | 2.52% |
| Punjab National Bank | 2.39% |
Largest holdings only in HDFC Corporate Bond Fund
| Security | % of fund |
|---|---|
| 6.9% GOI MAT 150465 | 3.90% |
| REC Limited. | 1.55% |
| Bajaj Housing Finance Ltd. | 1.55% |
| Floating Rate GOI 2033 | 1.50% |
| National Highways Authority of India | 1.41% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Banking and PSU Debt | HDFC Corporate Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.2% | 95.5% |
| Cash and others | 4.8% | 4.5% |
HDFC Banking and PSU Debt vs HDFC Corporate Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Banking and PSU Debt Fund | HDFC Corporate Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.35% | 0.38% |
| Base expense ratio (Direct) | 0.30% | 0.32% |
| Total expense ratio (Regular) | 0.68% | 0.63% |
| Base expense ratio (Regular) | 0.58% | 0.53% |
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 HDFC Banking and PSU Debt with
HDFC Banking and PSU Debt Fund vs HDFC Corporate Bond Fund: Frequently Asked Questions
What is the difference between HDFC Banking and PSU Debt Fund and HDFC Corporate Bond Fund?
HDFC Banking and PSU Debt Fund is a Banking & PSU fund, HDFC Corporate Bond Fund is a Corporate Bond fund, run by HDFC Mutual Fund. Their portfolios overlap 24.8%. HDFC Banking and PSU Debt Fund charges 0.35% a year and HDFC Corporate Bond Fund 0.38%.
Which has given higher returns, HDFC Banking and PSU Debt Fund or HDFC Corporate Bond Fund?
Over 1 year: HDFC Banking and PSU Debt Fund +3.44%, HDFC Corporate Bond Fund +2.83%. Over 3 years: HDFC Banking and PSU Debt Fund +6.75% a year, HDFC Corporate Bond Fund +6.60% a year. Over 5 years: HDFC Banking and PSU Debt Fund +6.09% a year, HDFC Corporate Bond Fund +6.02% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Banking and PSU Debt Fund or HDFC Corporate Bond Fund?
HDFC Banking and PSU Debt Fund charges less: 0.35% a year against 0.38%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Banking and PSU Debt Fund and HDFC Corporate Bond Fund overlap?
24.8%. They hold 54 of the same securities, the largest shared ones being LIC Housing Finance Ltd., HDFC Bank Ltd., Small Industries Development Bank. From each fund's latest monthly portfolio.
Which is riskier, HDFC Banking and PSU Debt Fund or HDFC Corporate Bond Fund?
On SEBI's riskometer, HDFC Banking and PSU Debt Fund is rated Moderate and HDFC Corporate Bond Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.13% and 1.28% a year.
Which is better for SIP, HDFC Banking and PSU Debt Fund or HDFC Corporate Bond Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,15,495 in HDFC Banking and PSU Debt Fund (XIRR 6.2% a year) and ₹7,12,822 in HDFC Corporate Bond Fund (XIRR 6.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Banking and PSU Debt Fund and HDFC Corporate Bond Fund?
Yes. 24.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Banking and PSU Debt Fund and HDFC Corporate Bond Fund?
HDFC Banking and PSU Debt Fund: Anil Bamboli, Gopal Agrawal. HDFC Corporate Bond Fund: Anupam Joshi, Gopal Agrawal.
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.