HDFC Banking and PSU Debt Fund vs Nippon India Banking and PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Banking and PSU Debt Fund and Nippon India 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 Nippon India Banking and PSU Debt Fund (Direct) returned 6.9% a year. HDFC Banking and PSU Debt Fund charges 0.35% a year and Nippon India Banking and PSU Debt Fund 0.39% (Direct plans). Their portfolios overlap 14.9%: they hold 22 of the same securities.
HDFC Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.8%
- Expense ratio
- 0.35%
- NAV
- ₹25.35
Nippon India Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.9%
- Expense ratio
- 0.39%
- NAV
- ₹22.84
Which is better, HDFC Banking and PSU Debt or Nippon India 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.
- Nippon India Banking and PSU Debt returned more over 5 years: 6.1% a year against 6.1%.
- Nippon India Banking and PSU Debt returned more over 3 years: 6.9% a year against 6.8%.
- HDFC Banking and PSU Debt costs less: 0.35% a year against 0.39% (Direct plans).
- HDFC Banking and PSU Debt swung less over 3 years: a standard deviation of 1.1% a year against 1.2%.
- HDFC Banking and PSU Debt fell less in its worst fall since 18-05-2015: −3.1% against −3.2%.
- Nippon India Banking and PSU Debt is the larger fund: ₹5,057 Cr against ₹5,055 Cr.
- Their portfolios overlap 14.9%: 22 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 | Nippon India Banking and PSU Debt Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Nippon India Mutual Fund |
| Category | Banking & PSU | Banking & PSU |
| AUM | ₹5,055 Cr (30-09-2026) | ₹5,057 Cr (30-09-2026) |
| NAV | ₹25.35 (Direct) | ₹22.84 (Direct) |
| Expense ratio (Direct) | 0.35% | 0.39% |
| Expense ratio (Regular) | 0.68% | 0.78% |
| Riskometer | Moderate | Moderate |
| Benchmark | NIFTY Banking & PSU Debt Index A-II | CRISIL Banking and PSU Debt A-II Index |
| Launch date | 26-03-2014 | 15-05-2015 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Anil Bamboli, Gopal Agrawal | Pranay Sinha, Vivek Sharma |
| Exit load | NIL | Nil |
HDFC Banking and PSU Debt vs Nippon India 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% |
| Nippon India Banking and PSU Debt Fund (Direct) | −0.28% | −0.10% | +2.36% | +3.76% | +6.88% | +6.13% | +7.10% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
Category average: the average of the 19 Banking & PSU funds, same plan type.
HDFC Banking and PSU Debt vs Nippon India Banking and PSU Debt: Year-wise Returns
| Year | HDFCHDFC Banking and PSU Debt | Nippon IndiaNippon India Banking and PSU Debt |
|---|---|---|
| 2026to date | +2.72% | +3.17% |
| 2025 | +7.87% | +7.71% |
| 2024 | +8.27% | +8.28% |
| 2023 | +7.28% | +7.25% |
| 2022 | +3.72% | +3.65% |
| 2021 | +4.13% | +4.34% |
HDFC Banking and PSU Debt vs Nippon India Banking and PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,047 of them, one for each trading day from 18-05-2018 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)
Nippon India Banking and PSU Debt Fund (Direct)
to
Jan 2019Jun 2017
to
Jun 2020Dec 2018
to
Dec 2021May 2020
to
May 2023Oct 2021
to
Oct 2024Feb 2023
to
Feb 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 | 0.8 | 99.2 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.8% | 4.9% | 9.7% |
| Nippon India Banking and PSU Debt | 0.0 | 1.9 | 98.1 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.7% | 4.9% | 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 18-05-2015. Past returns do not promise future returns.
HDFC Banking and PSU Debt vs Nippon India 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 05-05-2015 to 30-10-2026: 138 instalments, ₹13,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Banking and PSU DebtHDFC Banking and PSU Debt Fund (Direct) | ₹13,80,000 | ₹20,74,957 | ₹6,94,957 | 6.9% |
| Nippon India Banking and PSU DebtNippon India Banking and PSU Debt Fund (Direct) | ₹13,80,000 | ₹20,84,753 | ₹7,04,753 | 6.9% |
HDFC Banking and PSU DebtHDFC Banking and PSU Debt Fund (Direct)
Nippon India Banking and PSU DebtNippon India 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 Nippon India 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) | Nippon India Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.44% | +3.76% |
| Standard deviation | 1.43% | 1.47% |
| Sharpe ratio | -1.26 | -1.01 |
| Sortino ratio | -1.68 | -1.39 |
| 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) | Nippon India Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +6.88% |
| Standard deviation | 1.13% | 1.20% |
| Sharpe ratio | 0.64 | 0.71 |
| Sortino ratio | 0.92 | 1.04 |
| 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) | Nippon India Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.09% | +6.13% |
| Standard deviation | 1.04% | 1.12% |
| Sharpe ratio | 0.28 | 0.29 |
| Sortino ratio | 0.38 | 0.40 |
| Maximum drawdown | −1.0% (23-10-2026) | −1.1% (09-05-2022) |
| 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) | Nippon India Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.66% | +7.46% |
| Standard deviation | 1.55% | 1.64% |
| Sharpe ratio | 1.18 | 1.15 |
| Sortino ratio | 1.91 | 1.89 |
| Maximum drawdown | −3.1% (24-03-2020) | −3.2% (23-03-2020) |
| 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)
Nippon India 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) | −3.1% | 06-03-2020 | 24-03-2020 | 20-04-2020 | 27 days | −0.9% |
| Nippon India Banking and PSU Debt Fund (Direct) | −3.2% | 09-03-2020 | 23-03-2020 | 27-03-2020 | 4 days | −0.6% |
From daily values since 18-05-2015, 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)
Nippon India 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)
Nippon India Banking and 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.
HDFC Banking and PSU Debt Fund (Direct)
Nippon India Banking and PSU Debt Fund (Direct)
HDFC Banking and PSU Debt vs Nippon India Banking and PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Banking and PSU Debt Fund, September 2026; Nippon India Banking and PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 14.9%
- Held by both
- 22
- Only in HDFC Banking and PSU Debt
- 80
- Only in Nippon India Banking and PSU Debt
- 85
| Security | % of HDFC Banking and PSU Debt | % of Nippon India Banking and PSU Debt |
|---|---|---|
| Indian Railways Finance Corp. Ltd. | 2.96% | 1.87% |
| National Housing Bank | 1.49% | 2.57% |
| National Bank for Agri & Rural Dev. | 1.18% | 3.45% |
| Small Industries Development Bank | 1.98% | 1.09% |
| REC Limited. | 2.96% | 0.99% |
| Export - Import Bank of India | 0.99% | 1.48% |
| Small Industries Development Bank | 0.98% | 2.45% |
| Shivshakti Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 1.42% | 0.94% |
| REC Limited. | 0.69% | 2.47% |
| Indian Railways Finance Corp. Ltd. | 0.52% | 0.59% |
| Indian Railways Finance Corp. Ltd. | 0.50% | 1.26% |
| Power Finance Corporation Ltd. | 2.44% | 0.49% |
| HDFC Bank Ltd. (Tier 2 - Basel III) | 0.49% | 1.17% |
| National Bank for Agri & Rural Dev. | 0.49% | 0.49% |
| National Bank for Agri & Rural Dev. | 0.49% | 3.54% |
| National Bank for Agri & Rural Dev. | 0.49% | 0.39% |
| 6.94% GOI MAT 110536 | 0.39% | 0.78% |
| Small Industries Development Bank | 0.39% | 0.97% |
| Corporate Debt Market Development Fund | 0.36% | 0.34% |
| National Bank for Agri & Rural Dev. | 0.98% | 0.10% |
| Small Industries Development Bank | 0.49% | 0.10% |
| National Bank for Agri & Rural Dev. | 2.47% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.9% means 14.9% 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% |
| Housing and Urban Development Corporation Ltd. | 2.52% |
| Punjab National Bank | 2.39% |
| LIC Housing Finance Ltd. | 1.97% |
Largest holdings only in Nippon India Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| 7.61% Government of India | 4.03% |
| Small Industries Dev Bank of India | 3.47% |
| 7.8% Union Bank of India | 2.01% |
| 7.7% Nuclear Power Corporation Of India Limited | 1.98% |
| Bank of Baroda | 1.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Banking and PSU Debt | Nippon India Banking and PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.2% | 92.9% |
| Cash and others | 4.8% | 7.1% |
HDFC Banking and PSU Debt vs Nippon India 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 | Nippon India Banking and PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.35% | 0.39% |
| Base expense ratio (Direct) | 0.30% | 0.33% |
| Total expense ratio (Regular) | 0.68% | 0.78% |
| Base expense ratio (Regular) | 0.58% | 0.66% |
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 Nippon India Banking and PSU Debt with
- Nippon India Banking and PSU Debt vs UTI Banking & PSU Debt
- Nippon India Banking and PSU Debt vs Franklin India Banking & PSU Debt
- Nippon India Banking and PSU Debt vs LIC MF Banking & PSU Debt
- Nippon India Banking and PSU Debt vs SBI Banking & PSU Debt
- Nippon India Banking and PSU Debt vs Kotak Banking and PSU Debt
HDFC Banking and PSU Debt Fund vs Nippon India Banking and PSU Debt Fund: Frequently Asked Questions
What is the difference between HDFC Banking and PSU Debt Fund and Nippon India Banking and PSU Debt Fund?
Both are Banking & PSU funds, run by HDFC Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 14.9%. HDFC Banking and PSU Debt Fund charges 0.35% a year and Nippon India Banking and PSU Debt Fund 0.39%.
Which has given higher returns, HDFC Banking and PSU Debt Fund or Nippon India Banking and PSU Debt Fund?
Over 1 year: HDFC Banking and PSU Debt Fund +3.44%, Nippon India Banking and PSU Debt Fund +3.76%. Over 3 years: HDFC Banking and PSU Debt Fund +6.75% a year, Nippon India Banking and PSU Debt Fund +6.88% a year. Over 5 years: HDFC Banking and PSU Debt Fund +6.09% a year, Nippon India Banking and PSU Debt Fund +6.13% 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 Nippon India Banking and PSU Debt Fund?
HDFC Banking and PSU Debt Fund charges less: 0.35% a year against 0.39%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Banking and PSU Debt Fund and Nippon India Banking and PSU Debt Fund overlap?
14.9%. They hold 22 of the same securities, the largest shared ones being Indian Railways Finance Corp. Ltd., National Housing Bank, National Bank for Agri & Rural Dev.. From each fund's latest monthly portfolio.
Which is riskier, HDFC Banking and PSU Debt Fund or Nippon India Banking and PSU Debt Fund?
On SEBI's riskometer, HDFC Banking and PSU Debt Fund is rated Moderate and Nippon India Banking and PSU Debt Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.13% and 1.20% a year.
Which is better for SIP, HDFC Banking and PSU Debt Fund or Nippon India Banking and PSU Debt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,15,495 in HDFC Banking and PSU Debt Fund (XIRR 6.2% a year) and ₹7,17,278 in Nippon India Banking and PSU Debt Fund (XIRR 6.3% 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 Nippon India Banking and PSU Debt Fund?
Yes. 14.9% 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 Nippon India Banking and PSU Debt Fund?
HDFC Banking and PSU Debt Fund: Anil Bamboli, Gopal Agrawal. Nippon India Banking and PSU Debt Fund: Pranay Sinha, Vivek Sharma.
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.