ICICI Prudential Banking and PSU Debt Fund vs Kotak Banking and PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Banking and PSU Debt Fund and Kotak Banking and PSU Debt Fund are both Banking & PSU funds. In the 3 years to 30-10-2026, ICICI Prudential Banking and PSU Debt Fund (Direct) returned 6.9% a year and Kotak Banking and PSU Debt Fund (Direct) returned 7.0% a year. ICICI Prudential Banking and PSU Debt Fund charges 0.40% a year and Kotak Banking and PSU Debt Fund 0.40% (Direct plans). Their portfolios overlap 13.8%: they hold 15 of the same securities.
ICICI Prudential Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.9%
- Expense ratio
- 0.40%
- NAV
- ₹36.33
Kotak Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 7.0%
- Expense ratio
- 0.40%
- NAV
- ₹72.49
Which is better, ICICI Prudential Banking and PSU Debt or Kotak 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.
- ICICI Prudential Banking and PSU Debt returned more over 5 years: 6.5% a year against 6.3%.
- Kotak Banking and PSU Debt returned more over 3 years: 7.0% a year against 6.9%.
- ICICI Prudential Banking and PSU Debt costs less: 0.40% a year against 0.40% (Direct plans).
- ICICI Prudential Banking and PSU Debt swung less over 3 years: a standard deviation of 1.1% a year against 1.1%.
- Kotak Banking and PSU Debt fell less in its worst fall since 14-08-2013: −2.8% against −2.9%.
- ICICI Prudential Banking and PSU Debt is the larger fund: ₹8,041 Cr against ₹4,761 Cr.
- Their portfolios overlap 13.8%: 15 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 | ICICI Prudential Banking and PSU Debt Fund | Kotak Banking and PSU Debt Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Banking & PSU | Banking & PSU |
| AUM | ₹8,041 Cr (30-09-2026) | ₹4,761 Cr (30-09-2026) |
| NAV | ₹36.33 (Direct) | ₹72.49 (Direct) |
| Expense ratio (Direct) | 0.40% | 0.40% |
| Expense ratio (Regular) | 0.74% | 0.75% |
| Riskometer | Not available | Moderate |
| Benchmark | Not available | CRISIL Banking and PSU Debt A-II Index |
| Launch date | Not available | 29-12-1998 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | None |
| Fund managers | Not available | Deepak Agrawal, Dharmesh Thakar |
| Exit load | Not available | Nil |
ICICI Prudential Banking and PSU Debt vs Kotak 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Banking and PSU Debt Fund (Direct) | −0.45% | −0.11% | +2.18% | +4.12% | +6.87% | +6.46% | +7.07% |
| Kotak Banking and PSU Debt Fund (Direct) | −0.38% | −0.26% | +2.10% | +4.03% | +7.01% | +6.27% | +7.22% |
| 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.
ICICI Prudential Banking and PSU Debt vs Kotak Banking and PSU Debt: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Banking and PSU Debt | KotakKotak Banking and PSU Debt |
|---|---|---|
| 2026to date | +3.11% | +3.07% |
| 2025 | +8.00% | +8.06% |
| 2024 | +8.24% | +8.46% |
| 2023 | +7.71% | +7.24% |
| 2022 | +4.73% | +4.03% |
| 2021 | +4.69% | +4.34% |
ICICI Prudential Banking and PSU Debt vs Kotak Banking and PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,469 of them, one for each trading day from 16-08-2016 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.
ICICI Prudential Banking and PSU Debt Fund (Direct)
Kotak Banking and PSU Debt Fund (Direct)
to
Jun 2017Mar 2016
to
Mar 2019Nov 2017
to
Nov 2020Aug 2019
to
Aug 2022May 2021
to
May 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Banking and PSU Debt | 0.0 | 0.0 | 88.5 | 11.5 | 0.0 | 0.0 | 0.0 | 7.9% | 8.0% | 5.6% | 11.7% |
| Kotak Banking and PSU Debt | 0.0 | 0.0 | 99.4 | 0.6 | 0.0 | 0.0 | 0.0 | 7.9% | 8.0% | 5.1% | 10.3% |
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 14-08-2013. Past returns do not promise future returns.
ICICI Prudential Banking and PSU Debt vs Kotak 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 01-08-2013 to 30-10-2026: 159 instalments, ₹15,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Banking and PSU DebtICICI Prudential Banking and PSU Debt Fund (Direct) | ₹15,90,000 | ₹26,28,973 | ₹10,38,973 | 7.3% |
| Kotak Banking and PSU DebtKotak Banking and PSU Debt Fund (Direct) | ₹15,90,000 | ₹26,25,818 | ₹10,35,818 | 7.2% |
ICICI Prudential Banking and PSU DebtICICI Prudential Banking and PSU Debt Fund (Direct)
Kotak Banking and PSU DebtKotak 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.
ICICI Prudential Banking and PSU Debt vs Kotak Banking and PSU Debt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Banking and PSU Debt Fund (Direct) | Kotak Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.12% | +4.03% |
| Standard deviation | 1.43% | 1.35% |
| Sharpe ratio | -0.79 | -0.90 |
| Sortino ratio | -1.07 | -1.23 |
| Maximum drawdown | −0.8% (23-10-2026) | −0.8% (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 | ICICI Prudential Banking and PSU Debt Fund (Direct) | Kotak Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.87% | +7.01% |
| Standard deviation | 1.06% | 1.14% |
| Sharpe ratio | 0.80 | 0.86 |
| Sortino ratio | 1.15 | 1.26 |
| Maximum drawdown | −0.8% (23-10-2026) | −0.8% (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 | ICICI Prudential Banking and PSU Debt Fund (Direct) | Kotak Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.46% | +6.27% |
| Standard deviation | 1.03% | 1.16% |
| Sharpe ratio | 0.64 | 0.40 |
| Sortino ratio | 0.89 | 0.55 |
| Maximum drawdown | −0.8% (23-10-2026) | −1.1% (06-05-2022) |
| 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 | ICICI Prudential Banking and PSU Debt Fund (Direct) | Kotak Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.90% | +7.94% |
| Standard deviation | 1.66% | 1.49% |
| Sharpe ratio | 1.13 | 1.33 |
| Sortino ratio | 1.61 | 2.13 |
| Maximum drawdown | −2.9% (23-03-2020) | −2.8% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 14-03-2013 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.
ICICI Prudential Banking and PSU Debt Fund (Direct)
Kotak 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 |
|---|---|---|---|---|---|---|
| ICICI Prudential Banking and PSU Debt Fund (Direct) | −2.9% | 06-03-2020 | 23-03-2020 | 23-04-2020 | 31 days | −0.7% |
| Kotak Banking and PSU Debt Fund (Direct) | −2.8% | 06-03-2020 | 24-03-2020 | 20-04-2020 | 27 days | −0.7% |
From daily values since 14-08-2013, 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.
ICICI Prudential Banking and PSU Debt Fund (Direct)
Kotak 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.
ICICI Prudential Banking and PSU Debt Fund (Direct)
Kotak 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.
ICICI Prudential Banking and PSU Debt Fund (Direct)
Kotak Banking and PSU Debt Fund (Direct)
ICICI Prudential Banking and PSU Debt vs Kotak Banking and PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Banking and PSU Debt Fund, September 2026; Kotak Banking and PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 13.8%
- Held by both
- 15
- Only in ICICI Prudential Banking and PSU Debt
- 78
- Only in Kotak Banking and PSU Debt
- 45
| Security | % of ICICI Prudential Banking and PSU Debt | % of Kotak Banking and PSU Debt |
|---|---|---|
| HDFC Bank Ltd. | 1.89% | 3.19% |
| NABARD | 4.65% | 1.78% |
| Small Industries Development Bank Of India. | 1.54% | 2.60% |
| HDFC Bank Ltd. | 1.53% | 1.03% |
| Small Industries Development Bank Of India. | 1.52% | 1.03% |
| Mahanagar Telephone Nigam Ltd. | 1.00% | 1.01% |
| NABARD | 1.55% | 0.94% |
| Small Industries Development Bank Of India. | 0.93% | 2.62% |
| NABARD | 0.92% | 1.04% |
| Government Securities | 3.56% | 0.85% |
| NABARD | 1.55% | 0.53% |
| Rural Electrification Corporation Ltd. | 1.86% | 0.52% |
| Corporate Debt Market Development Fund (Class A2) | 0.39% | 0.39% |
| HDFC Bank Ltd. | 0.31% | 0.94% |
| Mahanagar Telephone Nigam Ltd. | 2.14% | 0.10% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.8% means 13.8% 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 ICICI Prudential Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| LIC Housing Finance Ltd. | 4.03% |
| Power Finance Corporation Ltd. | 3.08% |
| Government Securities | 2.81% |
| Rural Electrification Corporation Ltd. | 2.78% |
| Power Finance Corporation Ltd. | 2.46% |
Largest holdings only in Kotak Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| Power Finance Corporation Ltd. | 6.90% |
| NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT | 4.15% |
| Power Grid Corporation of India Ltd. | 3.36% |
| CANARA BANK | 3.08% |
| STATE BANK OF INDIA. | 2.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Banking and PSU Debt | Kotak Banking and PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.0% | 90.9% |
| Cash and others | 3.0% | 9.1% |
ICICI Prudential Banking and PSU Debt vs Kotak Banking and PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Banking and PSU Debt Fund | Kotak Banking and PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.40% | 0.40% |
| Base expense ratio (Direct) | 0.33% | 0.34% |
| Total expense ratio (Regular) | 0.74% | 0.75% |
| Base expense ratio (Regular) | 0.62% | 0.64% |
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 ICICI Prudential Banking and PSU Debt with
ICICI Prudential Banking and PSU Debt Fund vs Kotak Banking and PSU Debt Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Banking and PSU Debt Fund and Kotak Banking and PSU Debt Fund?
Both are Banking & PSU funds, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 13.8%. ICICI Prudential Banking and PSU Debt Fund charges 0.40% a year and Kotak Banking and PSU Debt Fund 0.40%.
Which has given higher returns, ICICI Prudential Banking and PSU Debt Fund or Kotak Banking and PSU Debt Fund?
Over 1 year: ICICI Prudential Banking and PSU Debt Fund +4.12%, Kotak Banking and PSU Debt Fund +4.03%. Over 3 years: ICICI Prudential Banking and PSU Debt Fund +6.87% a year, Kotak Banking and PSU Debt Fund +7.01% a year. Over 5 years: ICICI Prudential Banking and PSU Debt Fund +6.46% a year, Kotak Banking and PSU Debt Fund +6.27% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Banking and PSU Debt Fund or Kotak Banking and PSU Debt Fund?
ICICI Prudential Banking and PSU Debt Fund charges less: 0.40% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Banking and PSU Debt Fund and Kotak Banking and PSU Debt Fund overlap?
13.8%. They hold 15 of the same securities, the largest shared ones being HDFC Bank Ltd., NABARD, Small Industries Development Bank Of India.. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Banking and PSU Debt Fund or Kotak 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 ₹7,21,323 in ICICI Prudential Banking and PSU Debt Fund (XIRR 6.5% a year) and ₹7,20,022 in Kotak Banking and PSU Debt Fund (XIRR 6.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Banking and PSU Debt Fund and Kotak Banking and PSU Debt Fund?
Yes. 13.8% of each fund's money sits in the same holdings, so some 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.