ITI Banking & PSU Debt Fund vs Kotak Banking and PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Banking & PSU Debt Fund and Kotak Banking and PSU Debt Fund are both Banking & PSU funds. In the 3 years to 30-10-2026, ITI Banking & PSU Debt Fund (Direct) returned 6.8% a year and Kotak Banking and PSU Debt Fund (Direct) returned 7.0% a year. ITI Banking & PSU Debt Fund charges 0.23% a year and Kotak Banking and PSU Debt Fund 0.40% (Direct plans). Their portfolios overlap 4.7%: 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
Kotak Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 7.0%
- Expense ratio
- 0.40%
- NAV
- ₹72.49
Which is better, ITI Banking & 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.
- Kotak Banking and PSU Debt returned more over 5 years: 6.3% a year against 6.3%.
- Kotak Banking and PSU Debt returned more over 3 years: 7.0% a year against 6.8%.
- ITI Banking & PSU Debt costs less: 0.23% a year against 0.40% (Direct plans).
- ITI Banking & PSU Debt swung less over 3 years: a standard deviation of 0.8% a year against 1.1%.
- ITI Banking & PSU Debt fell less in its worst fall since 23-10-2020: −1.1% against −1.4%.
- Kotak Banking and PSU Debt is the larger fund: ₹4,761 Cr against ₹34 Cr.
- Their portfolios overlap 4.7%: 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 | Kotak Banking and PSU Debt Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Banking & PSU | Banking & PSU |
| AUM | ₹34 Cr (30-09-2026) | ₹4,761 Cr (30-09-2026) |
| NAV | ₹14.21 (Direct) | ₹72.49 (Direct) |
| Expense ratio (Direct) | 0.23% | 0.40% |
| Expense ratio (Regular) | 0.75% | 0.75% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | CRISIL Banking and PSU Debt A-II Index | CRISIL Banking and PSU Debt A-II Index |
| Launch date | 22-10-2020 | 29-12-1998 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Laukik Bagwe | Deepak Agrawal, Dharmesh Thakar |
| Exit load | Nil | Nil |
ITI Banking & 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 |
|---|---|---|---|---|---|---|---|
| ITI Banking & PSU Debt Fund (Direct) | −0.14% | +0.35% | +1.96% | +4.10% | +6.79% | +6.27% | -- |
| 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.
ITI Banking & PSU Debt vs Kotak Banking and PSU Debt: Year-wise Returns
| Year | ITI Banking &ITI Banking & PSU Debt | Kotak Banking andKotak Banking and PSU Debt |
|---|---|---|
| 2026to date | +3.39% | +3.07% |
| 2025 | +7.41% | +8.06% |
| 2024 | +8.21% | +8.46% |
| 2023 | +6.88% | +7.24% |
| 2022 | +4.82% | +4.03% |
| 2021 | +4.21% | +4.34% |
ITI Banking & PSU Debt vs Kotak Banking and PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 729 of them, one for each trading day from 23-10-2023 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)
Kotak Banking and PSU Debt Fund (Direct)
to
Jan 2024Jul 2021
to
Jul 2024Jan 2022
to
Jan 2025Aug 2022
to
Aug 2025Feb 2023
to
Feb 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 | 6.8% | 7.0% | 5.1% | 7.8% |
| Kotak Banking and PSU Debt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.9% | 7.1% | 5.1% | 8.4% |
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 23-10-2020. Past returns do not promise future returns.
ITI Banking & 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 23-10-2020 to 30-10-2026: 73 instalments, ₹7,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI Banking & PSU DebtITI Banking & PSU Debt Fund (Direct) | ₹7,30,000 | ₹8,84,783 | ₹1,54,783 | 6.3% |
| Kotak Banking and PSU DebtKotak Banking and PSU Debt Fund (Direct) | ₹7,30,000 | ₹8,88,289 | ₹1,58,289 | 6.4% |
ITI Banking & PSU DebtITI Banking & 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.
ITI Banking & 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 | ITI Banking & PSU Debt Fund (Direct) | Kotak Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.10% | +4.03% |
| Standard deviation | 0.85% | 1.35% |
| Sharpe ratio | -1.35 | -0.90 |
| Sortino ratio | -1.77 | -1.23 |
| Maximum drawdown | −0.4% (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 | ITI Banking & PSU Debt Fund (Direct) | Kotak Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.79% | +7.01% |
| Standard deviation | 0.83% | 1.14% |
| Sharpe ratio | 0.92 | 0.86 |
| Sortino ratio | 1.40 | 1.26 |
| Maximum drawdown | −0.4% (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 | ITI Banking & PSU Debt Fund (Direct) | Kotak Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.27% | +6.27% |
| Standard deviation | 0.70% | 1.16% |
| Sharpe ratio | 0.67 | 0.40 |
| Sortino ratio | 1.00 | 0.55 |
| Maximum drawdown | −0.4% (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 | ITI Banking & PSU Debt Fund (Direct) | Kotak Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.01% | +7.94% |
| Standard deviation | 0.74% | 1.49% |
| Sharpe ratio | 0.88 | 1.33 |
| Sortino ratio | 1.32 | 2.13 |
| Maximum drawdown | −1.1% (09-02-2021) | −2.8% (24-03-2020) |
| 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)
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 |
|---|---|---|---|---|---|---|
| ITI Banking & PSU Debt Fund (Direct) | −1.1% | 08-01-2021 | 09-02-2021 | 30-03-2021 | 49 days | −0.3% |
| Kotak Banking and PSU Debt Fund (Direct) | −1.4% | 08-01-2021 | 17-03-2021 | 26-04-2021 | 40 days | −0.7% |
From daily values since 23-10-2020, 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)
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.
ITI Banking & 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.
ITI Banking & PSU Debt Fund (Direct)
Kotak Banking and PSU Debt Fund (Direct)
ITI Banking & PSU Debt vs Kotak Banking and PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Banking & PSU Debt Fund, September 2026; Kotak Banking and PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 4.7%
- Held by both
- 3
- Only in ITI Banking & PSU Debt
- 10
- Only in Kotak Banking and PSU Debt
- 57
| Security | % of ITI Banking & PSU Debt | % of Kotak Banking and PSU Debt |
|---|---|---|
| 7.48% National Bank For Agriculture and Rural Development (15/09/2028) | 2.93% | 2.61% |
| 7.53% National Bank For Agriculture and Rural Development (24/03/2028) | 5.87% | 1.78% |
| Corporate Debt Market Development Fund Class A2 | 0.32% | 0.39% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 4.7% means 4.7% 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 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% |
| HDFC BANK LTD. | 3.19% |
| CANARA BANK | 3.08% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Banking & PSU Debt | Kotak Banking and PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 81.4% | 90.9% |
| Cash and others | 18.6% | 9.1% |
ITI Banking & PSU Debt vs Kotak Banking and PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Banking & PSU Debt Fund | Kotak Banking and PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.23% | 0.40% |
| Base expense ratio (Direct) | 0.18% | 0.34% |
| Total expense ratio (Regular) | 0.75% | 0.75% |
| Base expense ratio (Regular) | 0.63% | 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 ITI Banking & PSU Debt with
ITI Banking & PSU Debt Fund vs Kotak Banking and PSU Debt Fund: Frequently Asked Questions
What is the difference between ITI Banking & PSU Debt Fund and Kotak Banking and PSU Debt Fund?
Both are Banking & PSU funds, run by ITI Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 4.7%. ITI Banking & PSU Debt Fund charges 0.23% a year and Kotak Banking and PSU Debt Fund 0.40%.
Which has given higher returns, ITI Banking & PSU Debt Fund or Kotak Banking and PSU Debt Fund?
Over 1 year: ITI Banking & PSU Debt Fund +4.10%, Kotak Banking and PSU Debt Fund +4.03%. Over 3 years: ITI Banking & PSU Debt Fund +6.79% a year, Kotak Banking and PSU Debt Fund +7.01% a year. Over 5 years: ITI Banking & PSU Debt Fund +6.27% 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, ITI Banking & PSU Debt Fund or Kotak Banking and PSU Debt Fund?
ITI Banking & PSU Debt Fund charges less: 0.23% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Banking & PSU Debt Fund and Kotak Banking and PSU Debt Fund overlap?
4.7%. They hold 3 of the same securities, the largest shared ones being 7.48% National Bank For Agriculture and Rural Development (15/09/2028), 7.53% National Bank For Agriculture and Rural Development (24/03/2028), Corporate Debt Market Development Fund Class A2. From each fund's latest monthly portfolio.
Which is riskier, ITI Banking & PSU Debt Fund or Kotak Banking and PSU Debt Fund?
On SEBI's riskometer, ITI Banking & PSU Debt Fund is rated Low to Moderate and Kotak Banking and PSU Debt Fund Moderate. Over 3 years, the standard deviation of daily returns was 0.83% and 1.14% a year.
Which is better for SIP, ITI Banking & 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 ₹7,17,392 in ITI Banking & PSU Debt Fund (XIRR 6.3% 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 ITI Banking & PSU Debt Fund and Kotak Banking and PSU Debt Fund?
Yes. 4.7% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages ITI Banking & PSU Debt Fund and Kotak Banking and PSU Debt Fund?
ITI Banking & PSU Debt Fund: Laukik Bagwe. Kotak Banking and PSU Debt Fund: Deepak Agrawal, Dharmesh Thakar.
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.