ITI Banking & PSU Debt Fund vs ITI Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Banking & PSU Debt Fund is a Banking & PSU fund and ITI Dynamic Term Fund is a Dynamic Bond fund. In the 3 years to 30-10-2026, ITI Banking & PSU Debt Fund (Direct) returned 6.8% a year and ITI Dynamic Term Fund (Direct) returned 5.7% a year. ITI Banking & PSU Debt Fund charges 0.23% a year and ITI Dynamic Term Fund 0.29% (Direct plans). Their portfolios overlap 11.2%: they hold 3 of the same securities.
ITI Banking & PSU Debt Fund
Banking & PSU
- 3 year return
- 6.8%
- Expense ratio
- 0.23%
- NAV
- ₹14.21
ITI Dynamic Term Fund
Dynamic Bond
- 3 year return
- 5.7%
- Expense ratio
- 0.29%
- NAV
- ₹13.32
Which is better, ITI Banking & PSU Debt or ITI Dynamic Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ITI Banking & PSU Debt returned more over 5 years: 6.3% a year against 5.6%.
- ITI Banking & PSU Debt returned more over 3 years: 6.8% a year against 5.7%.
- ITI Banking & PSU Debt costs less: 0.23% a year against 0.29% (Direct plans).
- ITI Banking & PSU Debt swung less over 3 years: a standard deviation of 0.8% a year against 2.0%.
- ITI Banking & PSU Debt fell less in its worst fall since 15-07-2021: −0.4% against −2.2%.
- ITI Banking & PSU Debt is the larger fund: ₹34 Cr against ₹24 Cr.
- Their portfolios overlap 11.2%: 3 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 | ITI Banking & PSU Debt Fund | ITI Dynamic Term Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | ITI Mutual Fund |
| Category | Banking & PSU | Dynamic Bond |
| AUM | ₹34 Cr (30-09-2026) | ₹24 Cr (30-09-2026) |
| NAV | ₹14.21 (Direct) | ₹13.32 (Direct) |
| Expense ratio (Direct) | 0.23% | 0.29% |
| Expense ratio (Regular) | 0.75% | 1.23% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Banking and PSU Debt A-II Index | CRISIL Dynamic Bond A-III Index |
| Launch date | 22-10-2020 | 14-07-2021 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Laukik Bagwe | Laukik Bagwe |
| Exit load | Nil | Nil |
ITI Banking & PSU Debt vs ITI Dynamic Term: 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 |
|---|---|---|---|---|---|---|---|
| ITI Banking & PSU Debt Fund (Direct) | −0.14% | +0.35% | +1.96% | +4.10% | +6.79% | +6.27% | -- |
| ITI Dynamic Term Fund (Direct) | −0.72% | −1.54% | −0.44% | +1.42% | +5.65% | +5.58% | -- |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | -- |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | -- |
Category average: the average of the 19 Banking & PSU funds and the 22 Dynamic Bond funds, same plan type.
ITI Banking & PSU Debt vs ITI Dynamic Term: Year-wise Returns
| Year | Banking & PSU DebtITI Banking & PSU Debt | Dynamic TermITI Dynamic Term |
|---|---|---|
| 2026to date | +3.39% | +0.83% |
| 2025 | +7.41% | +4.97% |
| 2024 | +8.21% | +9.80% |
| 2023 | +6.88% | +6.80% |
| 2022 | +4.82% | +4.92% |
| 2021 | +4.21% | -- |
ITI Banking & PSU Debt vs ITI Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 557 of them, one for each trading day from 15-07-2024 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.
ITI Banking & PSU Debt Fund (Direct)
ITI Dynamic Term Fund (Direct)
to
Sept 2024Feb 2022
to
Feb 2025Jul 2022
to
Jul 2025Nov 2022
to
Nov 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Banking & PSU Debt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.1% | 7.2% | 6.1% | 7.8% |
| ITI Dynamic Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.1% | 5.6% | 8.5% |
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 15-07-2021. Past returns do not promise future returns.
ITI Banking & PSU Debt vs ITI Dynamic Term: 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 01-07-2021 to 30-10-2026: 64 instalments, ₹6,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI Banking & PSU DebtITI Banking & PSU Debt Fund (Direct) | ₹6,40,000 | ₹7,58,450 | ₹1,18,450 | 6.3% |
| ITI Dynamic TermITI Dynamic Term Fund (Direct) | ₹6,40,000 | ₹7,32,457 | ₹92,457 | 5.0% |
ITI Banking & PSU DebtITI Banking & PSU Debt Fund (Direct)
ITI Dynamic TermITI Dynamic Term 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.
ITI Banking & PSU Debt vs ITI Dynamic Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ITI Banking & PSU Debt Fund (Direct) | ITI Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.10% | +1.42% |
| Standard deviation | 0.85% | 1.63% |
| Sharpe ratio | -1.35 | -2.36 |
| Sortino ratio | -1.77 | -2.88 |
| Maximum drawdown | −0.4% (23-10-2026) | −2.2% (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 | ITI Banking & PSU Debt Fund (Direct) | ITI Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.79% | +5.65% |
| Standard deviation | 0.83% | 2.00% |
| Sharpe ratio | 0.92 | -0.19 |
| Sortino ratio | 1.40 | -0.26 |
| Maximum drawdown | −0.4% (23-10-2026) | −2.2% (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 | ITI Banking & PSU Debt Fund (Direct) | ITI Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.27% | +5.58% |
| Standard deviation | 0.70% | 1.61% |
| Sharpe ratio | 0.67 | -0.14 |
| Sortino ratio | 1.00 | -0.19 |
| Maximum drawdown | −0.4% (23-10-2026) | −2.2% (23-10-2026) |
| 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 | ITI Banking & PSU Debt Fund (Direct) | ITI Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.01% | +5.55% |
| Standard deviation | 0.74% | 1.59% |
| Sharpe ratio | 0.88 | -0.07 |
| Sortino ratio | 1.32 | -0.09 |
| Maximum drawdown | −1.1% (09-02-2021) | −2.2% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 23-10-2020 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.
ITI Banking & PSU Debt Fund (Direct)
ITI Dynamic Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ITI Banking & PSU Debt Fund (Direct) | −0.4% | 22-09-2026 | 23-10-2026 | Not yet | -- | −0.3% |
| ITI Dynamic Term Fund (Direct) | −2.2% | 06-07-2026 | 23-10-2026 | Not yet | -- | −2.0% |
From daily values since 15-07-2021, 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.
ITI Banking & PSU Debt Fund (Direct)
ITI Dynamic Term 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.
ITI Banking & PSU Debt Fund (Direct)
ITI Dynamic Term 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.
ITI Banking & PSU Debt Fund (Direct)
ITI Dynamic Term Fund (Direct)
ITI Banking & PSU Debt vs ITI Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Banking & PSU Debt Fund, September 2026; ITI Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 11.2%
- Held by both
- 3
- Only in ITI Banking & PSU Debt
- 10
- Only in ITI Dynamic Term
- 0
| Security | % of ITI Banking & PSU Debt | % of ITI Dynamic Term |
|---|---|---|
| 6.94% Government of India (11/05/2036) | 5.80% | 12.20% |
| 6.53% Government of India (07/09/2031) | 5.12% | 9.95% |
| Corporate Debt Market Development Fund Class A2 | 0.32% | 1.33% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.2% means 11.2% 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 ITI Banking & PSU Debt Fund
| Security | % of fund |
|---|---|
| 8.14% Nuclear Power Corporation Of India Limited (25/03/2028) | 8.93% |
| 7.71% REC Limited (26/02/2027) | 8.85% |
| 7.59% National Housing Bank (08/09/2027) | 8.85% |
| 7.33% Indian Railway Finance Corporation Limited (27/08/2027) | 8.82% |
| HDFC Bank Limited (22/01/2027) | 8.66% |
Largest holdings only in ITI Dynamic Term Fund
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 | ITI Banking & PSU Debt | ITI Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 81.4% | 22.1% |
| Cash and others | 18.6% | 77.8% |
ITI Banking & PSU Debt vs ITI Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Banking & PSU Debt Fund | ITI Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.23% | 0.29% |
| Base expense ratio (Direct) | 0.18% | 0.18% |
| Total expense ratio (Regular) | 0.75% | 1.23% |
| Base expense ratio (Regular) | 0.63% | 1.01% |
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 ITI Banking & PSU Debt with
ITI Banking & PSU Debt Fund vs ITI Dynamic Term Fund: Frequently Asked Questions
What is the difference between ITI Banking & PSU Debt Fund and ITI Dynamic Term Fund?
ITI Banking & PSU Debt Fund is a Banking & PSU fund, ITI Dynamic Term Fund is a Dynamic Bond fund, run by ITI Mutual Fund. Their portfolios overlap 11.2%. ITI Banking & PSU Debt Fund charges 0.23% a year and ITI Dynamic Term Fund 0.29%.
Which has given higher returns, ITI Banking & PSU Debt Fund or ITI Dynamic Term Fund?
Over 1 year: ITI Banking & PSU Debt Fund +4.10%, ITI Dynamic Term Fund +1.42%. Over 3 years: ITI Banking & PSU Debt Fund +6.79% a year, ITI Dynamic Term Fund +5.65% a year. Over 5 years: ITI Banking & PSU Debt Fund +6.27% a year, ITI Dynamic Term Fund +5.58% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Banking & PSU Debt Fund or ITI Dynamic Term Fund?
ITI Banking & PSU Debt Fund charges less: 0.23% a year against 0.29%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Banking & PSU Debt Fund and ITI Dynamic Term Fund overlap?
11.2%. They hold 3 of the same securities, the largest shared ones being 6.94% Government of India (11/05/2036), 6.53% Government of India (07/09/2031), Corporate Debt Market Development Fund Class A2. From each fund's latest monthly portfolio.
Which is riskier, ITI Banking & PSU Debt Fund or ITI Dynamic Term Fund?
On SEBI's riskometer, ITI Banking & PSU Debt Fund is rated Low to Moderate and ITI Dynamic Term Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.83% and 2.00% a year.
Which is better for SIP, ITI Banking & PSU Debt Fund or ITI Dynamic Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,17,392 in ITI Banking & PSU Debt Fund (XIRR 6.3% a year) and ₹6,92,696 in ITI Dynamic Term Fund (XIRR 5.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ITI Banking & PSU Debt Fund and ITI Dynamic Term Fund?
Yes. 11.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ITI Banking & PSU Debt Fund and ITI Dynamic Term Fund?
ITI Banking & PSU Debt Fund: Laukik Bagwe. ITI Dynamic Term Fund: Laukik Bagwe.
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.