SBI BSE PSU Bank ETF vs SBI BSE PSU Bank Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
SBI BSE PSU Bank ETF is a mutual fund and SBI BSE PSU Bank Index Fund is a mutual fund. In the year to 30-10-2026, SBI BSE PSU Bank ETF (Regular) returned 2.4% and SBI BSE PSU Bank Index Fund (Direct) returned 2.2%. SBI BSE PSU Bank ETF charges 0.42% a year and SBI BSE PSU Bank Index Fund 0.39%. Their portfolios overlap 100.0%: they hold 11 of the same securities.
SBI BSE PSU Bank Index Fund
- 1 year return
- 2.2%
- Expense ratio
- 0.39%
- NAV
- ₹13.30
Which is better, SBI BSE PSU Bank ETF or SBI BSE PSU Bank Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI BSE PSU Bank ETF returned more over 1 year: 2.4% against 2.2%.
- SBI BSE PSU Bank Index costs less: 0.39% a year against 0.42%.
- SBI BSE PSU Bank Index fell less in its worst fall since 28-03-2025: −20.5% against −20.5%.
- SBI BSE PSU Bank Index is the larger fund: ₹333 Cr against ₹114 Cr.
- Their portfolios overlap 100.0%: 11 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 | SBI BSE PSU Bank ETF | SBI BSE PSU Bank Index Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | SBI Mutual Fund |
| Category | Not available | Not available |
| AUM | ₹114 Cr (30-09-2026) | ₹333 Cr (30-09-2026) |
| NAV | ₹47.97 (Regular) | ₹13.30 (Direct) |
| Expense ratio (Direct) | Not available | 0.39% |
| Expense ratio (Regular) | 0.42% | 0.82% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
SBI BSE PSU Bank ETF vs SBI BSE PSU Bank Index: 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 |
|---|---|---|---|---|---|---|---|
| SBI BSE PSU Bank ETF (Regular) | +2.88% | −0.56% | −1.64% | +2.35% | -- | -- | -- |
| SBI BSE PSU Bank Index Fund (Direct) | +2.88% | −0.57% | −1.66% | +2.20% | -- | -- | -- |
SBI BSE PSU Bank ETF vs SBI BSE PSU Bank Index: Year-wise Returns
| Year | ETFSBI BSE PSU Bank ETF | IndexSBI BSE PSU Bank Index | BSE PSU BANK TRI |
|---|---|---|---|
| 2026to date | −3.40% | −3.45% | −3.13% |
SBI BSE PSU Bank ETF vs SBI BSE PSU Bank Index: Rolling Returns
Every holding period of both funds, against BSE PSU BANK TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 146 of them, one for each trading day from 30-03-2026 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.
SBI BSE PSU Bank ETF (Regular)
SBI BSE PSU Bank Index Fund (Direct)
BSE PSU BANK TRI
to
Apr 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI BSE PSU Bank ETF | 0.0 | 6.2 | 7.5 | 8.9 | 25.3 | 24.7 | 27.4 | 20.6% | 21.0% | 1.6% | 44.1% | 0% |
| SBI BSE PSU Bank Index | 0.0 | 6.8 | 6.8 | 12.3 | 22.6 | 26.7 | 24.7 | 20.3% | 20.7% | 1.5% | 43.4% | 0% |
| BSE PSU BANK TRI | 0.0 | 4.8 | 8.9 | 8.2 | 23.3 | 26.0 | 28.8 | 21.0% | 21.4% | 1.9% | 44.5% | -- |
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. The benchmark is BSE PSU BANK TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 28-03-2025. Past returns do not promise future returns.
SBI BSE PSU Bank ETF vs SBI BSE PSU Bank Index: 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 26-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI BSE PSU Bank ETFSBI BSE PSU Bank ETF (Regular) | ₹2,00,000 | ₹2,15,088 | ₹15,088 | 8.7% |
| SBI BSE PSU Bank IndexSBI BSE PSU Bank Index Fund (Direct) | ₹2,00,000 | ₹2,14,343 | ₹14,343 | 8.2% |
SBI BSE PSU Bank ETFSBI BSE PSU Bank ETF (Regular)
SBI BSE PSU Bank IndexSBI BSE PSU Bank Index 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.
SBI BSE PSU Bank ETF vs SBI BSE PSU Bank Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI BSE PSU Bank ETF (Regular) | SBI BSE PSU Bank Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.35% | +2.20% |
| Standard deviation | 24.08% | 23.87% |
| Sharpe ratio | -0.12 | -0.13 |
| Sortino ratio | -0.16 | -0.18 |
| Maximum drawdown | −20.5% (31-03-2026) | −20.5% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.33% | −0.48% |
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 | SBI BSE PSU Bank ETF (Regular) | SBI BSE PSU Bank Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.03% | +19.08% |
| Standard deviation | 22.96% | 22.74% |
| Sharpe ratio | 0.68 | 0.60 |
| Sortino ratio | 0.97 | 0.86 |
| Maximum drawdown | −20.5% (31-03-2026) | −20.5% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.38% | −0.80% |
From daily NAVs, 26-03-2025 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.
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.
SBI BSE PSU Bank ETF (Regular)
SBI BSE PSU Bank Index Fund (Direct)
BSE PSU BANK TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI BSE PSU Bank ETF (Regular) | −20.5% | 26-02-2026 | 31-03-2026 | Not yet | -- | −15.9% |
| SBI BSE PSU Bank Index Fund (Direct) | −20.5% | 26-02-2026 | 30-03-2026 | Not yet | -- | −16.0% |
| BSE PSU BANK TRI | −20.5% | 26-02-2026 | 30-03-2026 | Not yet | -- | −15.7% |
From daily values since 28-03-2025, 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.
SBI BSE PSU Bank ETF (Regular)
SBI BSE PSU Bank Index Fund (Direct)
BSE PSU BANK TRI
Against BSE PSU BANK TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI BSE PSU Bank ETF (Regular) | 99% | 100% | 0.09% |
| SBI BSE PSU Bank Index Fund (Direct) | 99% | 100% | 0.22% |
From month-end values since 28-03-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
SBI BSE PSU Bank ETF vs SBI BSE PSU Bank Index: Portfolio Overlap
From each fund's latest monthly portfolio: SBI BSE PSU Bank ETF, September 2026; SBI BSE PSU Bank Index Fund, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 11
- Only in SBI BSE PSU Bank ETF
- 0
- Only in SBI BSE PSU Bank Index
- 0
| Security | % of SBI BSE PSU Bank ETF | % of SBI BSE PSU Bank Index |
|---|---|---|
| State Bank of India | 25.01% | 25.00% |
| Bank of Baroda | 14.20% | 14.20% |
| Canara Bank | 13.27% | 13.26% |
| Punjab National Bank | 12.91% | 12.91% |
| Union Bank of India | 10.75% | 10.74% |
| Indian Bank | 9.33% | 9.33% |
| Bank of India | 5.30% | 5.30% |
| Bank of Maharashtra | 5.25% | 5.25% |
| Central Bank of India | 1.73% | 1.73% |
| Indian Overseas Bank | 1.38% | 1.38% |
| UCO Bank | 0.87% | 0.87% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 SBI BSE PSU Bank ETF
Every holding of this fund is also held by the other.
Largest holdings only in SBI BSE PSU Bank Index 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 | SBI BSE PSU Bank ETF | SBI BSE PSU Bank Index |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.0% |
Market cap of stocks
| Market cap | SBI BSE PSU Bank ETF | SBI BSE PSU Bank Index |
|---|---|---|
| Large Cap | 85.5% | 85.4% |
| Mid Cap | 12.8% | 12.8% |
| Small Cap | 1.7% | 1.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | SBI BSE PSU Bank ETF | SBI BSE PSU Bank Index |
|---|---|---|
| Banks | 100.0% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
SBI BSE PSU Bank ETF vs SBI BSE PSU Bank Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI BSE PSU Bank ETF | SBI BSE PSU Bank Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.39% |
| Base expense ratio (Direct) | 0.00% | 0.24% |
| Total expense ratio (Regular) | 0.42% | 0.82% |
| Base expense ratio (Regular) | 0.35% | 0.61% |
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.
SBI BSE PSU Bank ETF vs SBI BSE PSU Bank Index Fund: Frequently Asked Questions
What is the difference between SBI BSE PSU Bank ETF and SBI BSE PSU Bank Index Fund?
SBI BSE PSU Bank ETF is a mutual fund, SBI BSE PSU Bank Index Fund is a mutual fund, run by SBI Mutual Fund. Their portfolios overlap 100.0%. SBI BSE PSU Bank ETF charges 0.42% a year and SBI BSE PSU Bank Index Fund 0.39%.
Which has given higher returns, SBI BSE PSU Bank ETF or SBI BSE PSU Bank Index Fund?
Over 1 year: SBI BSE PSU Bank ETF +2.35%, SBI BSE PSU Bank Index Fund +2.20%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI BSE PSU Bank ETF or SBI BSE PSU Bank Index Fund?
SBI BSE PSU Bank Index Fund charges less: 0.39% a year against 0.42%. These are the total expense ratios reported to AMFI.
How much do SBI BSE PSU Bank ETF and SBI BSE PSU Bank Index Fund overlap?
100.0%. They hold 11 of the same securities, the largest shared ones being SBIN, BANKBARODA, CANBK. From each fund's latest monthly portfolio.
Can I invest in both SBI BSE PSU Bank ETF and SBI BSE PSU Bank Index Fund?
Yes. 100.0% of each fund's money sits in the same holdings, so a large part 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.