HDFC NIFTY PSU Bank ETF vs SBI BSE PSU Bank ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC NIFTY PSU Bank ETF is an ETF fund and SBI BSE PSU Bank ETF is a mutual fund. In the year to 30-10-2026, HDFC NIFTY PSU Bank ETF returned 2.6% and SBI BSE PSU Bank ETF (Regular) returned 2.4%. HDFC NIFTY PSU Bank ETF charges 0.28% a year and SBI BSE PSU Bank ETF 0.42%. Their portfolios overlap 91.4%: they hold 11 of the same securities.
Which is better, HDFC NIFTY PSU Bank ETF 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.
- HDFC NIFTY PSU Bank ETF returned more over 1 year: 2.6% against 2.4%.
- HDFC NIFTY PSU Bank ETF costs less: 0.28% a year against 0.42%.
- HDFC NIFTY PSU Bank ETF fell less in its worst fall since 26-03-2025: −20.3% against −20.5%.
- SBI BSE PSU Bank ETF is the larger fund: ₹114 Cr against ₹55 Cr.
- Their portfolios overlap 91.4%: 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 NIFTY PSU Bank ETF | SBI BSE PSU Bank ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | SBI Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹55 Cr (30-09-2026) | ₹114 Cr (30-09-2026) |
| NAV | ₹83.31 | ₹47.97 (Regular) |
| Expense ratio (Direct) | Not available | Not available |
| Expense ratio (Regular) | Not available | 0.42% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty PSU Bank TRI | Not available |
| Launch date | 31-01-2024 | Not available |
| Minimum investment | On an On-going Basis: A. On the Stock Exchange: All categories of investors may purchase the Units of the Scheme through the Stock Exchange(s) on which the units of the Scheme are listed, on any trading day in round lot of one (1) Unit and multiples there | Not available |
| Lock in | None | Not available |
| Fund managers | Abhishek Mor, Arun Agarwal | Not available |
| Exit load | Not available | Not available |
HDFC NIFTY PSU Bank ETF 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 |
|---|---|---|---|---|---|---|---|
| HDFC NIFTY PSU Bank ETF | +2.71% | −1.18% | −2.45% | +2.57% | -- | -- | -- |
| SBI BSE PSU Bank ETF (Regular) | +2.88% | −0.56% | −1.64% | +2.35% | -- | -- | -- |
HDFC NIFTY PSU Bank ETF vs SBI BSE PSU Bank ETF: Year-wise Returns
| Year | HDFC NIFTYHDFC NIFTY PSU Bank ETF | SBI BSESBI BSE PSU Bank ETF |
|---|---|---|
| 2026to date | −3.08% | −3.40% |
| 2025 | +30.78% | -- |
HDFC NIFTY PSU Bank ETF vs SBI BSE PSU Bank ETF: Rolling Returns
Every holding period of both funds, against Nifty PSU Bank TRI, the benchmark of HDFC NIFTY PSU Bank ETF
Rolling returns
Every 1-year holding period, 146 of them, one for each trading day from 27-03-2026 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 NIFTY PSU Bank ETF
SBI BSE PSU Bank ETF (Regular)
Nifty PSU Bank TRI
to
Apr 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC NIFTY PSU Bank ETF | 0.0 | 4.8 | 8.9 | 6.8 | 19.9 | 28.1 | 31.5 | 21.4% | 22.0% | 2.1% | 44.5% | 0% |
| SBI BSE PSU Bank ETF | 0.0 | 6.1 | 7.5 | 8.8 | 25.2 | 24.5 | 27.9 | 20.7% | 21.1% | 1.6% | 44.1% | 0% |
| Nifty PSU Bank TRI | 0.0 | 4.1 | 9.6 | 6.8 | 18.5 | 25.3 | 35.6 | 21.9% | 22.5% | 2.5% | 45.1% | -- |
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. The benchmark is Nifty PSU Bank TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 26-03-2025. Past returns do not promise future returns.
HDFC NIFTY PSU Bank ETF vs SBI BSE PSU Bank ETF: 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 03-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC NIFTY PSU Bank ETFHDFC NIFTY PSU Bank ETF | ₹2,00,000 | ₹2,16,001 | ₹16,001 | 9.1% |
| SBI BSE PSU Bank ETFSBI BSE PSU Bank ETF (Regular) | ₹2,00,000 | ₹2,15,088 | ₹15,088 | 8.7% |
HDFC NIFTY PSU Bank ETFHDFC NIFTY PSU Bank ETF
SBI BSE PSU Bank ETFSBI BSE PSU Bank ETF (Regular)
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 NIFTY PSU Bank ETF 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 | HDFC NIFTY PSU Bank ETF | SBI BSE PSU Bank ETF (Regular) |
|---|---|---|
| Return (CAGR) | +2.57% | +2.35% |
| Standard deviation | 23.62% | 24.08% |
| Sharpe ratio | -0.11 | -0.12 |
| Sortino ratio | -0.15 | -0.16 |
| Maximum drawdown | −20.3% (31-03-2026) | −20.5% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.38% | −0.33% |
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 NIFTY PSU Bank ETF | SBI BSE PSU Bank ETF (Regular) |
|---|---|---|
| Return (CAGR) | +10.87% | +21.03% |
| Standard deviation | 25.52% | 22.96% |
| Sharpe ratio | 0.19 | 0.68 |
| Sortino ratio | 0.26 | 0.97 |
| Maximum drawdown | −29.7% (03-03-2025) | −20.5% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.40% | −0.38% |
From daily NAVs, 31-01-2024 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 NIFTY PSU Bank ETF
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 |
|---|---|---|---|---|---|---|
| HDFC NIFTY PSU Bank ETF | −20.3% | 26-02-2026 | 31-03-2026 | Not yet | -- | −16.3% |
| SBI BSE PSU Bank ETF (Regular) | −20.5% | 26-02-2026 | 31-03-2026 | Not yet | -- | −15.9% |
| Nifty PSU Bank TRI | −20.3% | 26-02-2026 | 30-03-2026 | Not yet | -- | −16.1% |
From daily values since 26-03-2025, 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 NIFTY PSU Bank ETF
SBI BSE PSU Bank ETF (Regular)
Nifty PSU Bank TRI
Against Nifty PSU Bank TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC NIFTY PSU Bank ETF | 99% | 100% | 0.09% |
| SBI BSE PSU Bank ETF (Regular) | 99% | 99% | 1.12% |
From month-end values since 26-03-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
HDFC NIFTY PSU Bank ETF vs SBI BSE PSU Bank ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY PSU Bank ETF, September 2026; SBI BSE PSU Bank ETF, September 2026
Holdings in common
- Overlap
- 91.4%
- Held by both
- 11
- Only in HDFC NIFTY PSU Bank ETF
- 1
- Only in SBI BSE PSU Bank ETF
- 0
| Security | % of HDFC NIFTY PSU Bank ETF | % of SBI BSE PSU Bank ETF |
|---|---|---|
| State Bank of India | 33.33% | 25.01% |
| Bank of Baroda | 12.47% | 14.20% |
| Canara Bank | 11.71% | 13.27% |
| Punjab National Bank | 11.36% | 12.91% |
| Union Bank of India | 9.64% | 10.75% |
| Indian Bank | 8.31% | 9.33% |
| Bank of Maharashtra | 4.71% | 5.25% |
| Bank of India | 4.60% | 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. 91.4% means 91.4% 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 NIFTY PSU Bank ETF
| 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 | HDFC NIFTY PSU Bank ETF | SBI BSE PSU Bank ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 0.0% |
Market cap of stocks
| Market cap | HDFC NIFTY PSU Bank ETF | SBI BSE PSU Bank ETF |
|---|---|---|
| Large Cap | 86.8% | 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 | HDFC NIFTY PSU Bank ETF | SBI BSE PSU Bank ETF |
|---|---|---|
| Banks | 100.0% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY PSU Bank ETF vs SBI BSE PSU Bank ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY PSU Bank ETF | SBI BSE PSU Bank ETF |
|---|---|---|
| Base expense ratio (Direct) | 0.00% | 0.00% |
| Total expense ratio (Regular) | Not available | 0.42% |
| Base expense ratio (Regular) | 0.22% | 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.
HDFC NIFTY PSU Bank ETF vs SBI BSE PSU Bank ETF: Frequently Asked Questions
What is the difference between HDFC NIFTY PSU Bank ETF and SBI BSE PSU Bank ETF?
HDFC NIFTY PSU Bank ETF is an ETF fund, SBI BSE PSU Bank ETF is a mutual fund, run by HDFC Mutual Fund and SBI Mutual Fund. Their portfolios overlap 91.4%. HDFC NIFTY PSU Bank ETF charges 0.28% a year and SBI BSE PSU Bank ETF 0.42%.
Which has given higher returns, HDFC NIFTY PSU Bank ETF or SBI BSE PSU Bank ETF?
Over 1 year: HDFC NIFTY PSU Bank ETF +2.57%, SBI BSE PSU Bank ETF +2.35%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC NIFTY PSU Bank ETF or SBI BSE PSU Bank ETF?
HDFC NIFTY PSU Bank ETF charges less: 0.28% a year against 0.42%. These are the total expense ratios reported to AMFI.
How much do HDFC NIFTY PSU Bank ETF and SBI BSE PSU Bank ETF overlap?
91.4%. 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 HDFC NIFTY PSU Bank ETF and SBI BSE PSU Bank ETF?
Yes. 91.4% 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.