Sundaram Banking and PSU Debt Fund vs Sundaram Medium Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Sundaram Banking and PSU Debt Fund is a Banking & PSU fund and Sundaram Medium Term Fund is a Medium Duration fund. Sundaram Banking and PSU Debt Fund charges 0.27% a year and Sundaram Medium Term Fund 1.17% (Direct plans). Their portfolios overlap 14.3%: they hold 7 of the same securities.
Sundaram Banking and PSU Debt Fund
Banking & PSU
- Expense ratio
- 0.27%
- NAV
- ₹46.41
Which is better, Sundaram Banking and PSU Debt or Sundaram Medium Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Sundaram Banking and PSU Debt costs less: 0.27% a year against 1.17% (Direct plans).
- Sundaram Banking and PSU Debt swung less over 3 years: a standard deviation of 1.0% a year against 1.3%.
- Sundaram Banking and PSU Debt fell less in its worst fall since 09-01-2013: −1.8% against −8.0%.
- Sundaram Banking and PSU Debt is the larger fund: ₹258 Cr against ₹32 Cr.
- Their portfolios overlap 14.3%: 7 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 | Sundaram Banking and PSU Debt Fund | Sundaram Medium Term Fund |
|---|---|---|
| Fund house | Sundaram Mutual Fund | Sundaram Mutual Fund |
| Category | Banking & PSU | Medium Duration |
| AUM | ₹258 Cr (30-09-2026) | ₹32 Cr (30-09-2026) |
| NAV | ₹46.41 (Direct) | ₹80.15 (Direct) |
| Expense ratio (Direct) | 0.27% | 1.17% |
| Expense ratio (Regular) | 0.42% | 1.90% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | NIFTY Banking & PSU Debt Index A-II | NIFTY Medium Duration Debt Index A-III |
| Launch date | 29-12-2004 | 18-12-1997 |
| Minimum investment | For first investment - Rs.5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Sandeep Agarwal, Kumaresh Ramakrishnan, Ronak Shah | Sandeep Agarwal, Kumaresh Ramakrishnan |
| Exit load | Nil | NIL |
Sundaram Banking and PSU Debt vs Sundaram Medium 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 |
|---|---|---|---|---|---|---|---|
| Sundaram Banking and PSU Debt Fund (Direct) | -- | -- | -- | -- | -- | -- | -- |
| Sundaram Medium Term Fund (Direct) | −0.52% | −0.68% | +1.34% | +2.45% | +5.74% | +4.74% | +5.61% |
| Medium Duration average | −0.34% | −0.09% | +2.51% | +4.72% | +7.66% | +6.88% | +6.78% |
Category average: the average of the 13 Medium Duration funds, same plan type.
Sundaram Banking and PSU Debt vs Sundaram Medium Term: Year-wise Returns
| Year | Banking and PSU DebtSundaram Banking and PSU Debt | Medium TermSundaram Medium Term |
|---|---|---|
| 2026to date | -- | +1.77% |
| 2025 | -- | +6.52% |
| 2024 | -- | +7.16% |
| 2023 | -- | +6.34% |
| 2022 | -- | +1.67% |
| 2021 | -- | +2.72% |
Sundaram Banking and PSU Debt vs Sundaram Medium Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,613 of them, one for each trading day from 11-01-2016 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.
Sundaram Banking and PSU Debt Fund (Direct)
Sundaram Medium Term Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sundaram Banking and PSU Debt | 0.0 | 15.6 | 84.4 | 0.0 | 0.0 | 0.0 | 0.0 | 6.9% | 7.3% | 4.1% | 9.3% |
| Sundaram Medium Term | 0.0 | 24.6 | 70.0 | 5.5 | 0.0 | 0.0 | 0.0 | 6.7% | 6.9% | 3.1% | 11.4% |
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 09-01-2013. Past returns do not promise future returns.
Sundaram Banking and PSU Debt vs Sundaram Medium 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 09-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Sundaram Banking and PSU DebtSundaram Banking and PSU Debt Fund (Direct) | ₹16,60,000 | ₹26,52,777 | ₹9,92,777 | 6.5% |
| Sundaram Medium TermSundaram Medium Term Fund (Direct) | ₹16,60,000 | ₹25,19,384 | ₹8,59,384 | 5.8% |
Sundaram Banking and PSU DebtSundaram Banking and PSU Debt Fund (Direct)
Sundaram Medium TermSundaram Medium 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.
Sundaram Banking and PSU Debt vs Sundaram Medium Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Sundaram Banking and PSU Debt Fund (Direct) | Sundaram Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.96% | +2.45% |
| Standard deviation | 1.21% | 1.46% |
| Sharpe ratio | -1.06 | -1.91 |
| Sortino ratio | -1.45 | -2.48 |
| Maximum drawdown | −0.5% (21-05-2026) | −1.2% (22-10-2026) |
| 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 | Sundaram Banking and PSU Debt Fund (Direct) | Sundaram Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.83% | +5.74% |
| Standard deviation | 1.01% | 1.27% |
| Sharpe ratio | 0.80 | -0.23 |
| Sortino ratio | 1.18 | -0.31 |
| Maximum drawdown | −0.5% (21-05-2026) | −1.2% (22-10-2026) |
| 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 | Sundaram Banking and PSU Debt Fund (Direct) | Sundaram Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.95% | +4.74% |
| Standard deviation | 1.03% | 1.51% |
| Sharpe ratio | 0.14 | -0.70 |
| Sortino ratio | 0.19 | -0.92 |
| Maximum drawdown | −1.5% (06-05-2022) | −2.5% (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 | Sundaram Banking and PSU Debt Fund (Direct) | Sundaram Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.01% | +6.55% |
| Standard deviation | 1.11% | 2.86% |
| Sharpe ratio | 0.88 | 0.18 |
| Sortino ratio | 1.32 | 0.25 |
| Maximum drawdown | −1.8% (24-03-2020) | −8.0% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 09-01-2013 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.
Sundaram Banking and PSU Debt Fund (Direct)
Sundaram Medium Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Sundaram Banking and PSU Debt Fund (Direct) | −1.8% | 09-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | −0.4% |
| Sundaram Medium Term Fund (Direct) | −8.0% | 27-05-2013 | 19-08-2013 | 21-04-2014 | 8 months | −1.1% |
From daily values since 09-01-2013, 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.
Sundaram Banking and PSU Debt Fund (Direct)
Sundaram Medium 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.
Sundaram Banking and PSU Debt Fund (Direct)
Sundaram Medium 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.
Sundaram Banking and PSU Debt Fund (Direct)
Sundaram Medium Term Fund (Direct)
Sundaram Banking and PSU Debt vs Sundaram Medium Term: Portfolio Overlap
From each fund's latest monthly portfolio: Sundaram Banking and PSU Debt Fund, September 2026; Sundaram Medium Term Fund, September 2026
Holdings in common
- Overlap
- 14.3%
- Held by both
- 7
- Only in Sundaram Banking and PSU Debt
- 19
- Only in Sundaram Medium Term
- 9
| Security | % of Sundaram Banking and PSU Debt | % of Sundaram Medium Term |
|---|---|---|
| Small Industries Development Bank of India - 7.42% - 12/03/2029 | 3.84% | 6.11% |
| REC LTD - 7.28% - 31/08/2029 | 3.25% | 4.57% |
| Power Finance Corporation Ltd - 6.96% - 02/03/2028 | 3.84% | 3.06% |
| 6.53% Tamil Nadu State Development Loan 06/01/2031 | 1.88% | 17.92% |
| REC LTD - 6.52% - 31/01/2028 | 1.53% | 3.04% |
| Corporate Debt Market Development Fund - Class A2 | 0.54% | 0.42% |
| National Bank for Agriculture & Rural Development - 7.53% - 24/03/2028 | 3.86% | 0.31% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.3% means 14.3% 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 Sundaram Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd - 7.7% - 16/05/2028 | 9.67% |
| National Housing Bank - 7.59% - 14/07/2027 | 7.76% |
| Export Import Bank of India - 7.35% - 27/07/2028 | 7.73% |
| Indian Oil Corporation Ltd - 7.44% - 25/11/2027 | 5.82% |
| Power Finance Corporation Ltd - 6.73% - 15/10/2027 | 3.85% |
Largest holdings only in Sundaram Medium Term Fund
| Security | % of fund |
|---|---|
| 6.48% Central Government Securities 06/10/2035 | 17.69% |
| 6.36% Central Government Securities 16/02/2031 | 12.11% |
| Cholamandalam Investment and Finance Company Ltd - 7.38% - 28/05/2027 | 6.14% |
| National Bank for Agriculture & Rural Development - 7.01% - 16/03/2029 | 6.06% |
| Can Fin Homes Ltd - 8.09% - 04/01/2027 | 3.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Sundaram Banking and PSU Debt | Sundaram Medium Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 89.3% | 90.8% |
| Cash and others | 10.7% | 9.2% |
Sundaram Banking and PSU Debt vs Sundaram Medium Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Sundaram Banking and PSU Debt Fund | Sundaram Medium Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.27% | 1.17% |
| Base expense ratio (Direct) | 0.23% | 0.99% |
| Total expense ratio (Regular) | 0.42% | 1.90% |
| Base expense ratio (Regular) | 0.36% | 1.63% |
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
Sundaram Banking and PSU Debt Fund vs Sundaram Medium Term Fund: Frequently Asked Questions
What is the difference between Sundaram Banking and PSU Debt Fund and Sundaram Medium Term Fund?
Sundaram Banking and PSU Debt Fund is a Banking & PSU fund, Sundaram Medium Term Fund is a Medium Duration fund, run by Sundaram Mutual Fund. Their portfolios overlap 14.3%. Sundaram Banking and PSU Debt Fund charges 0.27% a year and Sundaram Medium Term Fund 1.17%.
Which has the lower expense ratio, Sundaram Banking and PSU Debt Fund or Sundaram Medium Term Fund?
Sundaram Banking and PSU Debt Fund charges less: 0.27% a year against 1.17%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Sundaram Banking and PSU Debt Fund and Sundaram Medium Term Fund overlap?
14.3%. They hold 7 of the same securities, the largest shared ones being Small Industries Development Bank of India - 7.42% - 12/03/2029, REC LTD - 7.28% - 31/08/2029, Power Finance Corporation Ltd - 6.96% - 02/03/2028. From each fund's latest monthly portfolio.
Which is riskier, Sundaram Banking and PSU Debt Fund or Sundaram Medium Term Fund?
On SEBI's riskometer, Sundaram Banking and PSU Debt Fund is rated Low to Moderate and Sundaram Medium Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.01% and 1.27% a year.
Which is better for SIP, Sundaram Banking and PSU Debt Fund or Sundaram Medium Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,16,301 in Sundaram Banking and PSU Debt Fund (XIRR 6.3% a year) and ₹6,93,743 in Sundaram Medium Term Fund (XIRR 5.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Sundaram Banking and PSU Debt Fund and Sundaram Medium Term Fund?
Yes. 14.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Sundaram Banking and PSU Debt Fund and Sundaram Medium Term Fund?
Sundaram Banking and PSU Debt Fund: Sandeep Agarwal, Kumaresh Ramakrishnan, Ronak Shah. Sundaram Medium Term Fund: Sandeep Agarwal, Kumaresh Ramakrishnan.
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.