HDFC Banking and PSU Debt Fund vs HSBC Banking and PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC 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, HDFC Banking and PSU Debt Fund (Direct) returned 6.8% a year and HSBC Banking and PSU Debt Fund (Direct) returned 6.7% a year. HDFC Banking and PSU Debt Fund charges 0.35% a year and HSBC Banking and PSU Debt Fund 0.28% (Direct plans). Their portfolios overlap 7.2%: they hold 11 of the same securities.
HDFC Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.8%
- Expense ratio
- 0.35%
- NAV
- ₹25.35
HSBC Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.7%
- Expense ratio
- 0.28%
- NAV
- ₹27.14
Which is better, HDFC 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.
- HDFC Banking and PSU Debt returned more over 3 years: 6.8% a year against 6.7%.
- HSBC Banking and PSU Debt returned more over 1 year: 3.8% against 3.4%.
- HSBC Banking and PSU Debt costs less: 0.28% a year against 0.35% (Direct plans).
- HSBC Banking and PSU Debt swung less over 3 years: a standard deviation of 1.0% a year against 1.1%.
- HSBC Banking and PSU Debt fell less in its worst fall since 28-11-2022: −0.7% against −1.0%.
- HDFC Banking and PSU Debt is the larger fund: ₹5,055 Cr against ₹3,722 Cr.
- Their portfolios overlap 7.2%: 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 | HDFC Banking and PSU Debt Fund | HSBC Banking and PSU Debt Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | HSBC Mutual Fund |
| Category | Banking & PSU | Banking & PSU |
| AUM | ₹5,055 Cr (30-09-2026) | ₹3,722 Cr (30-09-2026) |
| NAV | ₹25.35 (Direct) | ₹27.14 (Direct) |
| Expense ratio (Direct) | 0.35% | 0.28% |
| Expense ratio (Regular) | 0.68% | 0.61% |
| Riskometer | Moderate | Moderate |
| Benchmark | NIFTY Banking & PSU Debt Index A-II | NIFTY Banking & PSU Debt Index A-II |
| Launch date | 26-03-2014 | 20-09-2007 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Anil Bamboli, Gopal Agrawal | Mahesh Chhabria, Mohd. Asif Rizwi |
| Exit load | NIL | Nil |
HDFC 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 |
|---|---|---|---|---|---|---|---|
| HDFC Banking and PSU Debt Fund (Direct) | −0.44% | −0.41% | +2.03% | +3.44% | +6.75% | +6.09% | +6.99% |
| 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.
HDFC Banking and PSU Debt vs HSBC Banking and PSU Debt: Year-wise Returns
| Year | HDFCHDFC Banking and PSU Debt | HSBCHSBC Banking and PSU Debt |
|---|---|---|
| 2026to date | +2.72% | +3.10% |
| 2025 | +7.87% | +7.90% |
| 2024 | +8.27% | +7.68% |
| 2023 | +7.28% | +6.90% |
| 2022 | +3.72% | -- |
| 2021 | +4.13% | -- |
HDFC 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.
HDFC 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Banking and PSU Debt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.4% | 7.4% | 6.7% | 8.0% |
| 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.
HDFC 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 |
|---|---|---|---|---|
| HDFC Banking and PSU DebtHDFC Banking and PSU Debt Fund (Direct) | ₹4,80,000 | ₹5,42,858 | ₹62,858 | 6.1% |
| HSBC Banking and PSU DebtHSBC Banking and PSU Debt Fund (Direct) | ₹4,80,000 | ₹5,43,226 | ₹63,226 | 6.1% |
HDFC Banking and PSU DebtHDFC 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.
HDFC 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 | HDFC Banking and PSU Debt Fund (Direct) | HSBC Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.44% | +3.81% |
| Standard deviation | 1.43% | 1.32% |
| Sharpe ratio | -1.26 | -1.08 |
| Sortino ratio | -1.68 | -1.48 |
| Maximum drawdown | −1.0% (23-10-2026) | −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 | HDFC Banking and PSU Debt Fund (Direct) | HSBC Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +6.70% |
| Standard deviation | 1.13% | 1.00% |
| Sharpe ratio | 0.64 | 0.67 |
| Sortino ratio | 0.92 | 1.00 |
| Maximum drawdown | −1.0% (23-10-2026) | −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 | HDFC Banking and PSU Debt Fund (Direct) | HSBC Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.66% | +6.62% |
| Standard deviation | 1.55% | 0.97% |
| Sharpe ratio | 1.18 | 0.45 |
| Sortino ratio | 1.91 | 0.67 |
| Maximum drawdown | −3.1% (24-03-2020) | −0.7% (23-10-2026) |
| 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)
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 |
|---|---|---|---|---|---|---|
| HDFC Banking and PSU Debt Fund (Direct) | −1.0% | 14-08-2026 | 23-10-2026 | Not yet | -- | −0.9% |
| 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.
HDFC 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.
HDFC Banking and PSU Debt Fund (Direct)
HSBC Banking and PSU Debt Fund (Direct)
HDFC Banking and PSU Debt vs HSBC Banking and PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Banking and PSU Debt Fund, September 2026; HSBC Banking and PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 7.2%
- Held by both
- 11
- Only in HDFC Banking and PSU Debt
- 91
- Only in HSBC Banking and PSU Debt
- 61
| Security | % of HDFC Banking and PSU Debt | % of HSBC Banking and PSU Debt |
|---|---|---|
| Shivshakti Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 1.42% | 2.18% |
| REC Limited. | 0.98% | 2.05% |
| Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 0.95% | 1.03% |
| National Bank for Agri & Rural Dev. | 1.48% | 0.70% |
| National Bank for Agri & Rural Dev. | 0.49% | 3.08% |
| National Bank for Agri & Rural Dev. | 0.49% | 1.37% |
| Small Industries Development Bank | 0.49% | 1.42% |
| Small Industries Development Bank | 0.49% | 1.38% |
| 6.94% GOI MAT 110536 | 0.39% | 3.39% |
| Small Industries Development Bank | 0.39% | 1.37% |
| Corporate Debt Market Development Fund | 0.36% | 0.38% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 7.2% means 7.2% 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% |
| REC Limited. | 2.96% |
| Indian Railways Finance Corp. Ltd. | 2.96% |
| Housing and Urban Development Corporation Ltd. | 2.52% |
Largest holdings only in HSBC Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| EXIM Bank | 3.51% |
| Indian Railway Finance Corporation Ltd | 2.94% |
| EXIM Bank | 2.80% |
| Bharti Telecom Limited | 2.76% |
| Housing and Urban Development Corp. Ltd. | 2.69% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Banking and PSU Debt | HSBC Banking and PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.2% | 95.3% |
| Cash and others | 4.8% | 4.7% |
HDFC 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 | HDFC Banking and PSU Debt Fund | HSBC Banking and PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.35% | 0.28% |
| Base expense ratio (Direct) | 0.30% | 0.23% |
| Total expense ratio (Regular) | 0.68% | 0.61% |
| Base expense ratio (Regular) | 0.58% | 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 HDFC Banking and PSU Debt with
Compare HSBC Banking and PSU Debt with
HDFC Banking and PSU Debt Fund vs HSBC Banking and PSU Debt Fund: Frequently Asked Questions
What is the difference between HDFC Banking and PSU Debt Fund and HSBC Banking and PSU Debt Fund?
Both are Banking & PSU funds, run by HDFC Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 7.2%. HDFC Banking and PSU Debt Fund charges 0.35% a year and HSBC Banking and PSU Debt Fund 0.28%.
Which has given higher returns, HDFC Banking and PSU Debt Fund or HSBC Banking and PSU Debt Fund?
Over 1 year: HDFC Banking and PSU Debt Fund +3.44%, HSBC Banking and PSU Debt Fund +3.81%. Over 3 years: HDFC Banking and PSU Debt Fund +6.75% 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, HDFC 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 0.35%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Banking and PSU Debt Fund and HSBC Banking and PSU Debt Fund overlap?
7.2%. They hold 11 of the same securities, the largest shared ones being Shivshakti Securitisation Trust (Originator - Sikka Ports & Terminals Limited), REC Limited., Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited). From each fund's latest monthly portfolio.
Which is riskier, HDFC Banking and PSU Debt Fund or HSBC Banking and PSU Debt Fund?
On SEBI's riskometer, HDFC Banking and PSU Debt Fund is rated Moderate and HSBC Banking and PSU Debt Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.13% and 1.00% a year.
Which is better for SIP, HDFC 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 ₹4,03,897 in HDFC Banking and PSU Debt Fund (XIRR 5.6% 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 HDFC Banking and PSU Debt Fund and HSBC Banking and PSU Debt Fund?
Yes. 7.2% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages HDFC Banking and PSU Debt Fund and HSBC Banking and PSU Debt Fund?
HDFC Banking and PSU Debt Fund: Anil Bamboli, Gopal Agrawal. 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.