ITI Banking & PSU Debt Fund vs Tata Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Banking & PSU Debt Fund is a Banking & PSU fund and Tata Short Term Fund is a Short Duration fund. In the 3 years to 30-10-2026, ITI Banking & PSU Debt Fund (Direct) returned 6.8% a year and Tata Short Term Fund (Direct) returned 7.0% a year. ITI Banking & PSU Debt Fund charges 0.23% a year and Tata Short Term Fund 0.37% (Direct plans). Their portfolios overlap 13.2%: they hold 5 of the same securities.
ITI Banking & PSU Debt Fund
Banking & PSU
- 3 year return
- 6.8%
- Expense ratio
- 0.23%
- NAV
- ₹14.21
Tata Short Term Fund
Short Duration
- 3 year return
- 7.0%
- Expense ratio
- 0.37%
- NAV
- ₹56.37
Which is better, ITI Banking & PSU Debt or Tata Short Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Short Term returned more over 5 years: 6.3% a year against 6.3%.
- Tata Short Term returned more over 3 years: 7.0% a year against 6.8%.
- ITI Banking & PSU Debt costs less: 0.23% a year against 0.37% (Direct plans).
- ITI Banking & PSU Debt swung less over 3 years: a standard deviation of 0.8% a year against 1.0%.
- Tata Short Term fell less in its worst fall since 23-10-2020: −0.9% against −1.1%.
- Tata Short Term is the larger fund: ₹2,912 Cr against ₹34 Cr.
- Their portfolios overlap 13.2%: 5 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 | Tata Short Term Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | Tata Mutual Fund |
| Category | Banking & PSU | Short Duration |
| AUM | ₹34 Cr (30-09-2026) | ₹2,912 Cr (30-09-2026) |
| NAV | ₹14.21 (Direct) | ₹56.37 (Direct) |
| Expense ratio (Direct) | 0.23% | 0.37% |
| Expense ratio (Regular) | 0.75% | 1.11% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | CRISIL Banking and PSU Debt A-II Index | CRISIL Short Duration Debt A-II Index |
| Launch date | 22-10-2020 | 12-08-2002 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Laukik Bagwe | Amit Somani, Dhawal Joshi |
| Exit load | Nil | NIL |
ITI Banking & PSU Debt vs Tata Short 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% | -- |
| Tata Short Term Fund (Direct) | −0.19% | +0.21% | +2.26% | +4.24% | +6.99% | +6.27% | +6.34% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | -- |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
Category average: the average of the 19 Banking & PSU funds and the 25 Short Duration funds, same plan type.
ITI Banking & PSU Debt vs Tata Short Term: Year-wise Returns
| Year | ITI Banking & PSU DebtITI Banking & PSU Debt | Tata Short TermTata Short Term |
|---|---|---|
| 2026to date | +3.39% | +3.49% |
| 2025 | +7.41% | +7.60% |
| 2024 | +8.21% | +8.27% |
| 2023 | +6.88% | +7.61% |
| 2022 | +4.82% | +3.78% |
| 2021 | +4.21% | +3.50% |
ITI Banking & PSU Debt vs Tata Short Term: 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)
Tata Short Term 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% |
| Tata Short Term | 0.0 | 7.4 | 92.6 | 0.0 | 0.0 | 0.0 | 0.0 | 6.8% | 7.0% | 4.8% | 8.1% |
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. 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 Tata Short 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 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% |
| Tata Short TermTata Short Term Fund (Direct) | ₹7,30,000 | ₹8,86,470 | ₹1,56,470 | 6.3% |
ITI Banking & PSU DebtITI Banking & PSU Debt Fund (Direct)
Tata Short TermTata Short 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 Tata Short 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) | Tata Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.10% | +4.24% |
| Standard deviation | 0.85% | 1.20% |
| Sharpe ratio | -1.35 | -0.84 |
| Sortino ratio | -1.77 | -1.18 |
| Maximum drawdown | −0.4% (23-10-2026) | −0.6% (02-04-2026) |
| 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) | Tata Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.79% | +6.99% |
| Standard deviation | 0.83% | 0.96% |
| Sharpe ratio | 0.92 | 1.00 |
| Sortino ratio | 1.40 | 1.51 |
| Maximum drawdown | −0.4% (23-10-2026) | −0.6% (02-04-2026) |
| 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) | Tata Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.27% | +6.27% |
| Standard deviation | 0.70% | 0.95% |
| Sharpe ratio | 0.67 | 0.49 |
| Sortino ratio | 1.00 | 0.71 |
| Maximum drawdown | −0.4% (23-10-2026) | −0.8% (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 | ITI Banking & PSU Debt Fund (Direct) | Tata Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.01% | +7.34% |
| Standard deviation | 0.74% | 1.71% |
| Sharpe ratio | 0.88 | 0.76 |
| Sortino ratio | 1.32 | 0.99 |
| Maximum drawdown | −1.1% (09-02-2021) | −5.1% (29-10-2018) |
| 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)
Tata Short 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) | −1.1% | 08-01-2021 | 09-02-2021 | 30-03-2021 | 49 days | −0.3% |
| Tata Short Term Fund (Direct) | −0.9% | 08-01-2021 | 15-03-2021 | 22-04-2021 | 38 days | −0.4% |
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)
Tata Short 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)
Tata Short 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)
Tata Short Term Fund (Direct)
ITI Banking & PSU Debt vs Tata Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Banking & PSU Debt Fund, September 2026; Tata Short Term Fund, September 2026
Holdings in common
- Overlap
- 13.2%
- Held by both
- 5
- Only in ITI Banking & PSU Debt
- 8
- Only in Tata Short Term
- 36
| Security | % of ITI Banking & PSU Debt | % of Tata Short Term |
|---|---|---|
| 6.94% Government of India (11/05/2036) | 5.80% | 4.04% |
| 7.59% National Housing Bank (08/09/2027) | 8.85% | 3.44% |
| 7.48% National Bank For Agriculture and Rural Development (15/09/2028) | 2.93% | 3.42% |
| Bank of Baroda (05/03/2027) | 2.86% | 2.50% |
| Corporate Debt Market Development Fund Class A2 | 0.32% | 0.35% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.2% means 13.2% 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% |
| 7.33% Indian Railway Finance Corporation Limited (27/08/2027) | 8.82% |
| HDFC Bank Limited (22/01/2027) | 8.66% |
| 7.79% Small Industries Dev Bank of India (19/04/2027) | 7.38% |
Largest holdings only in Tata Short Term Fund
| Security | % of fund |
|---|---|
| ** - CANARA BANK - CD - 10/02/2027 | 5.87% |
| ** 07.45 % EXIM - 12/04/2028 | 5.14% |
| ** 06.96 % POWER FINANCE CORPORATION - 02/03/2028 | 4.76% |
| ** 06.74 % SMALL INDUST DEVLOP BANK OF INDIA - 10/01/2029 | 4.70% |
| ** 07.54 % MINDSPACE BUSINESS PARKS REIT - 18/02/2028 | 4.28% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Banking & PSU Debt | Tata Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 81.4% | 95.2% |
| Cash and others | 18.6% | 4.8% |
ITI Banking & PSU Debt vs Tata Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Banking & PSU Debt Fund | Tata Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.23% | 0.37% |
| Base expense ratio (Direct) | 0.18% | 0.30% |
| Total expense ratio (Regular) | 0.75% | 1.11% |
| Base expense ratio (Regular) | 0.63% | 1.02% |
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 Tata Short Term Fund: Frequently Asked Questions
What is the difference between ITI Banking & PSU Debt Fund and Tata Short Term Fund?
ITI Banking & PSU Debt Fund is a Banking & PSU fund, Tata Short Term Fund is a Short Duration fund, run by ITI Mutual Fund and Tata Mutual Fund. Their portfolios overlap 13.2%. ITI Banking & PSU Debt Fund charges 0.23% a year and Tata Short Term Fund 0.37%.
Which has given higher returns, ITI Banking & PSU Debt Fund or Tata Short Term Fund?
Over 1 year: ITI Banking & PSU Debt Fund +4.10%, Tata Short Term Fund +4.24%. Over 3 years: ITI Banking & PSU Debt Fund +6.79% a year, Tata Short Term Fund +6.99% a year. Over 5 years: ITI Banking & PSU Debt Fund +6.27% a year, Tata Short Term 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 Tata Short Term Fund?
ITI Banking & PSU Debt Fund charges less: 0.23% a year against 0.37%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Banking & PSU Debt Fund and Tata Short Term Fund overlap?
13.2%. They hold 5 of the same securities, the largest shared ones being 6.94% Government of India (11/05/2036), 7.59% National Housing Bank (08/09/2027), 7.48% National Bank For Agriculture and Rural Development (15/09/2028). From each fund's latest monthly portfolio.
Which is riskier, ITI Banking & PSU Debt Fund or Tata Short Term Fund?
On SEBI's riskometer, ITI Banking & PSU Debt Fund is rated Low to Moderate and Tata Short Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 0.83% and 0.96% a year.
Which is better for SIP, ITI Banking & PSU Debt Fund or Tata Short 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 ₹7,19,723 in Tata Short Term 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 Tata Short Term Fund?
Yes. 13.2% 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 Tata Short Term Fund?
ITI Banking & PSU Debt Fund: Laukik Bagwe. Tata Short Term Fund: Amit Somani, Dhawal Joshi.
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.