Nippon India Banking and PSU Debt Fund vs Nippon India Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Banking and PSU Debt Fund is a Banking & PSU fund and Nippon India Short Term Fund is a Short Duration fund. In the 3 years to 30-10-2026, Nippon India Banking and PSU Debt Fund (Direct) returned 6.9% a year and Nippon India Short Term Fund (Direct) returned 7.4% a year. Nippon India Banking and PSU Debt Fund charges 0.39% a year and Nippon India Short Term Fund 0.40% (Direct plans). Their portfolios overlap 13.6%: they hold 17 of the same securities.
Nippon India Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.9%
- Expense ratio
- 0.39%
- NAV
- ₹22.84
Nippon India Short Term Fund
Short Duration
- 3 year return
- 7.4%
- Expense ratio
- 0.40%
- NAV
- ₹61.44
Which is better, Nippon India Banking and PSU Debt or Nippon India 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.
- Nippon India Short Term returned more over 5 years: 6.6% a year against 6.1%.
- Nippon India Short Term returned more over 3 years: 7.4% a year against 6.9%.
- Nippon India Banking and PSU Debt costs less: 0.39% a year against 0.40% (Direct plans).
- Nippon India Short Term swung less over 3 years: a standard deviation of 1.0% a year against 1.2%.
- Nippon India Short Term fell less in its worst fall since 18-05-2015: −1.9% against −3.2%.
- Nippon India Short Term is the larger fund: ₹6,364 Cr against ₹5,057 Cr.
- Their portfolios overlap 13.6%: 17 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 | Nippon India Banking and PSU Debt Fund | Nippon India Short Term Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Nippon India Mutual Fund |
| Category | Banking & PSU | Short Duration |
| AUM | ₹5,057 Cr (30-09-2026) | ₹6,364 Cr (30-09-2026) |
| NAV | ₹22.84 (Direct) | ₹61.44 (Direct) |
| Expense ratio (Direct) | 0.39% | 0.40% |
| Expense ratio (Regular) | 0.78% | 0.94% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL Banking and PSU Debt A-II Index | CRISIL Short Duration Debt A-II Index |
| Launch date | 15-05-2015 | 18-12-2002 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Pranay Sinha, Vivek Sharma | Vivek Sharma, Sushil Budhia |
| Exit load | Nil | Nil |
Nippon India Banking and PSU Debt vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Banking and PSU Debt Fund (Direct) | −0.28% | −0.10% | +2.36% | +3.76% | +6.88% | +6.13% | +7.10% |
| Nippon India Short Term Fund (Direct) | −0.19% | +0.16% | +2.46% | +4.43% | +7.43% | +6.60% | +7.18% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
| 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.
Nippon India Banking and PSU Debt vs Nippon India Short Term: Year-wise Returns
| Year | Banking and PSU DebtNippon India Banking and PSU Debt | Short TermNippon India Short Term |
|---|---|---|
| 2026to date | +3.17% | +3.64% |
| 2025 | +7.71% | +8.50% |
| 2024 | +8.28% | +8.58% |
| 2023 | +7.25% | +7.53% |
| 2022 | +3.65% | +4.03% |
| 2021 | +4.34% | +5.26% |
Nippon India Banking and PSU Debt vs Nippon India Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,046 of them, one for each trading day from 18-05-2018 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.
Nippon India Banking and PSU Debt Fund (Direct)
Nippon India Short Term Fund (Direct)
to
Jan 2019Jun 2017
to
Jun 2020Dec 2018
to
Dec 2021May 2020
to
May 2023Oct 2021
to
Oct 2024Feb 2023
to
Feb 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India Banking and PSU Debt | 0.0 | 1.9 | 98.1 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.7% | 4.9% | 9.9% |
| Nippon India Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.7% | 5.4% | 9.3% |
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 18-05-2015. Past returns do not promise future returns.
Nippon India Banking and PSU Debt vs Nippon India 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 18-05-2015 to 30-10-2026: 138 instalments, ₹13,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India Banking and PSU DebtNippon India Banking and PSU Debt Fund (Direct) | ₹13,80,000 | ₹20,84,753 | ₹7,04,753 | 6.9% |
| Nippon India Short TermNippon India Short Term Fund (Direct) | ₹13,80,000 | ₹21,13,354 | ₹7,33,354 | 7.2% |
Nippon India Banking and PSU DebtNippon India Banking and PSU Debt Fund (Direct)
Nippon India Short TermNippon India 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.
Nippon India Banking and PSU Debt vs Nippon India Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Banking and PSU Debt Fund (Direct) | Nippon India Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.76% | +4.43% |
| Standard deviation | 1.47% | 1.25% |
| Sharpe ratio | -1.01 | -0.65 |
| Sortino ratio | -1.39 | -0.91 |
| Maximum drawdown | −0.7% (23-10-2026) | −0.6% (21-05-2026) |
| 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 | Nippon India Banking and PSU Debt Fund (Direct) | Nippon India Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.88% | +7.43% |
| Standard deviation | 1.20% | 0.98% |
| Sharpe ratio | 0.71 | 1.43 |
| Sortino ratio | 1.04 | 2.18 |
| Maximum drawdown | −0.7% (23-10-2026) | −0.6% (21-05-2026) |
| 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 | Nippon India Banking and PSU Debt Fund (Direct) | Nippon India Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.13% | +6.60% |
| Standard deviation | 1.12% | 0.97% |
| Sharpe ratio | 0.29 | 0.82 |
| Sortino ratio | 0.40 | 1.14 |
| Maximum drawdown | −1.1% (09-05-2022) | −1.2% (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 | Nippon India Banking and PSU Debt Fund (Direct) | Nippon India Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.46% | +7.92% |
| Standard deviation | 1.64% | 1.40% |
| Sharpe ratio | 1.15 | 1.34 |
| Sortino ratio | 1.89 | 1.93 |
| Maximum drawdown | −3.2% (23-03-2020) | −2.9% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 18-05-2015 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.
Nippon India Banking and PSU Debt Fund (Direct)
Nippon India Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India Banking and PSU Debt Fund (Direct) | −3.2% | 09-03-2020 | 23-03-2020 | 27-03-2020 | 4 days | −0.6% |
| Nippon India Short Term Fund (Direct) | −1.9% | 06-03-2020 | 23-03-2020 | 17-04-2020 | 25 days | −0.4% |
From daily values since 18-05-2015, 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.
Nippon India Banking and PSU Debt Fund (Direct)
Nippon India 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.
Nippon India Banking and PSU Debt Fund (Direct)
Nippon India 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.
Nippon India Banking and PSU Debt Fund (Direct)
Nippon India Short Term Fund (Direct)
Nippon India Banking and PSU Debt vs Nippon India Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Banking and PSU Debt Fund, September 2026; Nippon India Short Term Fund, September 2026
Holdings in common
- Overlap
- 13.6%
- Held by both
- 17
- Only in Nippon India Banking and PSU Debt
- 90
- Only in Nippon India Short Term
- 81
| Security | % of Nippon India Banking and PSU Debt | % of Nippon India Short Term |
|---|---|---|
| Small Industries Dev Bank of India | 3.47% | 2.36% |
| 8.54% REC Limited | 1.71% | 2.08% |
| Mahindra & Mahindra Financial Services Limited | 1.48% | 1.18% |
| 7.48% National Bank For Agriculture and Rural Development | 3.54% | 1.17% |
| 7.68% National Bank For Agriculture and Rural Development | 3.45% | 1.17% |
| 7.83% Small Industries Dev Bank of India | 1.09% | 1.81% |
| 7.49% Small Industries Dev Bank of India | 0.98% | 1.17% |
| Shivshakti Securitisation Trust | 0.94% | 3.37% |
| 8.25% Bajaj Housing Finance Limited | 0.99% | 0.78% |
| 7.22% Small Industries Dev Bank of India | 0.97% | 0.77% |
| 7.55% REC Limited | 0.99% | 0.39% |
| 7.77% Power Finance Corporation Limited | 0.99% | 0.39% |
| Corporate Debt Market Development Fund Class A2 | 0.34% | 0.44% |
| 8.55% REC Limited | 0.20% | 0.80% |
| 7.45% Power Finance Corporation Limited | 0.49% | 0.08% |
| 7.32% Government of India | 0.07% | 0.72% |
| 7.04% Government of India | 0.03% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.6% means 13.6% 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 Nippon India Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| 7.61% Government of India | 4.03% |
| 7.59% National Housing Bank | 2.57% |
| 7.77% REC Limited | 2.47% |
| 7.34% Small Industries Dev Bank of India | 2.45% |
| 7.8% Union Bank of India | 2.01% |
Largest holdings only in Nippon India Short Term Fund
| Security | % of fund |
|---|---|
| 7.44% Power Finance Corporation Limited | 3.72% |
| National Bank For Agriculture and Rural Development | 2.70% |
| 8.97% Government of India | 2.53% |
| 7.54% Knowledge Realty Trust | 2.49% |
| 8.71% GMR Hyderabad International Airport Limited | 2.36% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Banking and PSU Debt | Nippon India Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 92.9% | 96.0% |
| Cash and others | 7.1% | 4.0% |
Nippon India Banking and PSU Debt vs Nippon India Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Banking and PSU Debt Fund | Nippon India Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.39% | 0.40% |
| Base expense ratio (Direct) | 0.33% | 0.33% |
| Total expense ratio (Regular) | 0.78% | 0.94% |
| Base expense ratio (Regular) | 0.66% | 0.79% |
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 Nippon India Banking and PSU Debt with
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- Nippon India Banking and PSU Debt vs SBI Banking & PSU Debt
- Nippon India Banking and PSU Debt vs Kotak Banking and PSU Debt
Nippon India Banking and PSU Debt Fund vs Nippon India Short Term Fund: Frequently Asked Questions
What is the difference between Nippon India Banking and PSU Debt Fund and Nippon India Short Term Fund?
Nippon India Banking and PSU Debt Fund is a Banking & PSU fund, Nippon India Short Term Fund is a Short Duration fund, run by Nippon India Mutual Fund. Their portfolios overlap 13.6%. Nippon India Banking and PSU Debt Fund charges 0.39% a year and Nippon India Short Term Fund 0.40%.
Which has given higher returns, Nippon India Banking and PSU Debt Fund or Nippon India Short Term Fund?
Over 1 year: Nippon India Banking and PSU Debt Fund +3.76%, Nippon India Short Term Fund +4.43%. Over 3 years: Nippon India Banking and PSU Debt Fund +6.88% a year, Nippon India Short Term Fund +7.43% a year. Over 5 years: Nippon India Banking and PSU Debt Fund +6.13% a year, Nippon India Short Term Fund +6.60% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Banking and PSU Debt Fund or Nippon India Short Term Fund?
Nippon India Banking and PSU Debt Fund charges less: 0.39% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Banking and PSU Debt Fund and Nippon India Short Term Fund overlap?
13.6%. They hold 17 of the same securities, the largest shared ones being Small Industries Dev Bank of India, 8.54% REC Limited, Mahindra & Mahindra Financial Services Limited. From each fund's latest monthly portfolio.
Which is riskier, Nippon India Banking and PSU Debt Fund or Nippon India Short Term Fund?
On SEBI's riskometer, Nippon India Banking and PSU Debt Fund is rated Moderate and Nippon India Short Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.20% and 0.98% a year.
Which is better for SIP, Nippon India Banking and PSU Debt Fund or Nippon India Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,17,278 in Nippon India Banking and PSU Debt Fund (XIRR 6.3% a year) and ₹7,27,207 in Nippon India Short Term Fund (XIRR 6.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Banking and PSU Debt Fund and Nippon India Short Term Fund?
Yes. 13.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Nippon India Banking and PSU Debt Fund and Nippon India Short Term Fund?
Nippon India Banking and PSU Debt Fund: Pranay Sinha, Vivek Sharma. Nippon India Short Term Fund: Vivek Sharma, Sushil Budhia.
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.