UTI Banking & PSU Debt Fund vs UTI - Money Market Fund
Direct Plan, Growth option · Data as on 30-10-2026
UTI Banking & PSU Debt Fund is a Banking & PSU fund and UTI - Money Market Fund is a Money Market fund. In the 3 years to 30-10-2026, UTI Banking & PSU Debt Fund (Direct) returned 7.5% a year and UTI - Money Market Fund (Direct) returned 7.3% a year. UTI Banking & PSU Debt Fund charges 0.24% a year and UTI - Money Market Fund 0.17% (Direct plans). Their portfolios overlap 14.0%: they hold 11 of the same securities.
UTI Banking & PSU Debt Fund
Banking & PSU
- 3 year return
- 7.5%
- Expense ratio
- 0.24%
- NAV
- ₹24.15
UTI - Money Market Fund
Money Market
- 3 year return
- 7.3%
- Expense ratio
- 0.17%
- NAV
- ₹3,395.03
Which is better, UTI Banking & PSU Debt or UTI - Money Market? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Banking & PSU Debt returned more over 5 years: 7.8% a year against 6.8%.
- UTI Banking & PSU Debt returned more over 3 years: 7.5% a year against 7.3%.
- UTI - Money Market costs less: 0.17% a year against 0.24% (Direct plans).
- UTI - Money Market swung less over 3 years: a standard deviation of 0.4% a year against 0.8%.
- UTI - Money Market fell less in its worst fall since 06-02-2014: −0.8% against −6.7%.
- UTI - Money Market is the larger fund: ₹16,039 Cr against ₹1,448 Cr.
- Their portfolios overlap 14.0%: 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 | UTI Banking & PSU Debt Fund | UTI - Money Market Fund |
|---|---|---|
| Fund house | UTI Mutual Fund | UTI Mutual Fund |
| Category | Banking & PSU | Money Market |
| AUM | ₹1,448 Cr (30-09-2026) | ₹16,039 Cr (30-09-2026) |
| NAV | ₹24.15 (Direct) | ₹3,395.03 (Direct) |
| Expense ratio (Direct) | 0.24% | 0.17% |
| Expense ratio (Regular) | 0.47% | 0.29% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | NIFTY Banking & PSU Debt Index A-II | CRISIL Money Market A-I Index |
| Launch date | 03-02-2014 | 23-04-1997 |
| Minimum investment | Regular Plan-Monthly Reinvestment of IDCW- Rs.20000, Regular Plan-Monthly Payout of IDCW- Rs.20000, Regular Plan-Half-yearly Reinvestment of IDCW- Rs.20000, Regular Plan-Half-yearly Payout of IDCW- Rs.20000, Regular Plan-Growth- Rs.500, Direct Plan-Growth | Regular Plan-Quarterly Reinvestment of IDCW- Rs.20000, Regular Plan-Quarterly Payout of IDCW- Rs.20000, Regular Plan-Monthly Reinvestment of IDCW- Rs.20000, Regular Plan-Monthly Payout of IDCW- Rs.20000, Regular Plan-Weekly Reinvestment of IDCW- Rs.20000, |
| Lock in | None | None |
| Fund managers | Anurag Mittal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 | Anurag Mittal FM 1, Amit Sharma FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Nil | Nil |
UTI Banking & PSU Debt vs UTI - Money Market: 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 |
|---|---|---|---|---|---|---|---|
| UTI Banking & PSU Debt Fund (Direct) | +0.29% | +1.41% | +3.21% | +5.74% | +7.47% | +7.79% | +6.46% |
| UTI - Money Market Fund (Direct) | +0.32% | +1.50% | +3.31% | +6.33% | +7.30% | +6.77% | +6.71% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
| Money Market average | +0.33% | +1.49% | +3.29% | +6.35% | +7.24% | +6.68% | +6.60% |
Category average: the average of the 19 Banking & PSU funds and the 27 Money Market funds, same plan type.
UTI Banking & PSU Debt vs UTI - Money Market: Year-wise Returns
| Year | Banking & PSU DebtUTI Banking & PSU Debt | - Money MarketUTI - Money Market |
|---|---|---|
| 2026to date | +4.86% | +5.24% |
| 2025 | +8.04% | +7.57% |
| 2024 | +7.92% | +7.84% |
| 2023 | +7.01% | +7.51% |
| 2022 | +10.57% | +5.00% |
| 2021 | +2.95% | +3.84% |
UTI Banking & PSU Debt vs UTI - Money Market: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,354 of them, one for each trading day from 06-02-2017 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.
UTI Banking & PSU Debt Fund (Direct)
UTI - Money Market Fund (Direct)
to
Nov 2017Jul 2016
to
Jul 2019Mar 2018
to
Mar 2021Nov 2019
to
Nov 2022Jun 2021
to
Jun 2024Jan 2023
to
Jan 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UTI Banking & PSU Debt | 0.0 | 27.4 | 72.6 | 0.0 | 0.0 | 0.0 | 0.0 | 6.9% | 7.4% | 3.5% | 10.0% |
| UTI - Money Market | 0.0 | 3.6 | 96.4 | 0.0 | 0.0 | 0.0 | 0.0 | 6.9% | 7.4% | 4.9% | 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 06-02-2014. Past returns do not promise future returns.
UTI Banking & PSU Debt vs UTI - Money Market: 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 06-02-2014 to 30-10-2026: 153 instalments, ₹15,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| UTI Banking & PSU DebtUTI Banking & PSU Debt Fund (Direct) | ₹15,30,000 | ₹24,11,608 | ₹8,81,608 | 6.9% |
| UTI - Money MarketUTI - Money Market Fund (Direct) | ₹15,30,000 | ₹23,96,573 | ₹8,66,573 | 6.8% |
UTI Banking & PSU DebtUTI Banking & PSU Debt Fund (Direct)
UTI - Money MarketUTI - Money Market 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.
UTI Banking & PSU Debt vs UTI - Money Market: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | UTI Banking & PSU Debt Fund (Direct) | UTI - Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.74% | +6.33% |
| Standard deviation | 0.65% | 0.52% |
| Sharpe ratio | 0.76 | 2.10 |
| Sortino ratio | 1.14 | 3.30 |
| Maximum drawdown | −0.3% (21-05-2026) | −0.1% (22-05-2026) |
| 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 | UTI Banking & PSU Debt Fund (Direct) | UTI - Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.47% | +7.30% |
| Standard deviation | 0.75% | 0.42% |
| Sharpe ratio | 1.92 | 3.01 |
| Sortino ratio | 3.16 | 5.57 |
| Maximum drawdown | −0.4% (13-06-2025) | −0.1% (22-05-2026) |
| 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 | UTI Banking & PSU Debt Fund (Direct) | UTI - Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.79% | +6.77% |
| Standard deviation | 2.92% | 0.39% |
| Sharpe ratio | 0.68 | 2.47 |
| Sortino ratio | 2.76 | 4.46 |
| Maximum drawdown | −1.1% (14-10-2022) | −0.2% (05-05-2022) |
| 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 | UTI Banking & PSU Debt Fund (Direct) | UTI - Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.16% | +7.27% |
| Standard deviation | 2.96% | 0.39% |
| Sharpe ratio | 0.44 | 3.16 |
| Sortino ratio | 0.60 | 6.31 |
| Maximum drawdown | −6.7% (30-04-2019) | −0.8% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 06-02-2014 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.
UTI Banking & PSU Debt Fund (Direct)
UTI - Money Market Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| UTI Banking & PSU Debt Fund (Direct) | −6.7% | 02-04-2019 | 30-04-2019 | 07-02-2020 | 9 months | 0.0% |
| UTI - Money Market Fund (Direct) | −0.8% | 11-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
From daily values since 06-02-2014, 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.
UTI Banking & PSU Debt Fund (Direct)
UTI - Money Market 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.
UTI Banking & PSU Debt Fund (Direct)
UTI - Money Market 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.
UTI Banking & PSU Debt Fund (Direct)
UTI - Money Market Fund (Direct)
UTI Banking & PSU Debt vs UTI - Money Market: Portfolio Overlap
From each fund's latest monthly portfolio: UTI Banking & PSU Debt Fund, September 2026; UTI - Money Market Fund, September 2026
Holdings in common
- Overlap
- 14.0%
- Held by both
- 11
- Only in UTI Banking & PSU Debt
- 31
- Only in UTI - Money Market
- 81
| Security | % of UTI Banking & PSU Debt | % of UTI - Money Market |
|---|---|---|
| CD - NABARD - 22/01/2027 | 3.38% | 2.44% |
| CD - SMALL INDST. DEV. BANK OF INDIA - 26/02/2027 | 3.36% | 2.43% |
| CD - HDFC BANK LTD - 24/02/2027 | 1.68% | 2.12% |
| CD - SMALL INDST. DEV. BANK OF INDIA - 29/01/2027 | 3.38% | 1.22% |
| CP POONAWALLA FINCORP LTD. | 3.37% | 1.22% |
| CD - INDIAN BANK - 12/01/2027 | 3.05% | 1.22% |
| CD - INDIAN BANK - 22/01/2027 | 1.69% | 1.22% |
| CD - HDFC BANK LTD - 15/02/2027 | 1.68% | 1.22% |
| CD - SMALL INDST. DEV. BANK OF INDIA - 04/02/2027 | 1.69% | 0.61% |
| CP L AND T FINANCE LIMITED | 1.67% | 0.45% |
| CORPORATE DEBT MARKET DEVT FUND - A2 UNITS | 0.26% | 0.36% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.0% means 14.0% 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 UTI Banking & PSU Debt Fund
| Security | % of fund |
|---|---|
| CD - CANARA BANK - 28/01/2027 | 7.77% |
| CD - UNION BANK OF INDIA - 19/01/2027 | 6.77% |
| CD - ICICI BANK LTD - 25/03/2027 | 5.02% |
| NCD NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | 3.80% |
| NCD AXIS BANK LTD. | 3.80% |
Largest holdings only in UTI - Money Market Fund
| Security | % of fund |
|---|---|
| 182 DAYS T-BILL - 04/02/2027 | 3.06% |
| CD - INDIAN BANK - 05/02/2027 | 2.44% |
| CD - NABARD - 28/01/2027 | 2.44% |
| CD - CANARA BANK - 12/02/2027 | 2.13% |
| 182 DAYS T-BILL - 18/02/2027 | 2.13% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | UTI Banking & PSU Debt | UTI - Money Market |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.2% | 95.7% |
| Cash and others | 2.8% | 4.3% |
UTI Banking & PSU Debt vs UTI - Money Market: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | UTI Banking & PSU Debt Fund | UTI - Money Market Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.24% | 0.17% |
| Base expense ratio (Direct) | 0.20% | 0.15% |
| Total expense ratio (Regular) | 0.47% | 0.29% |
| Base expense ratio (Regular) | 0.40% | 0.25% |
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 UTI Banking & PSU Debt with
UTI Banking & PSU Debt Fund vs UTI - Money Market Fund: Frequently Asked Questions
What is the difference between UTI Banking & PSU Debt Fund and UTI - Money Market Fund?
UTI Banking & PSU Debt Fund is a Banking & PSU fund, UTI - Money Market Fund is a Money Market fund, run by UTI Mutual Fund. Their portfolios overlap 14.0%. UTI Banking & PSU Debt Fund charges 0.24% a year and UTI - Money Market Fund 0.17%.
Which has given higher returns, UTI Banking & PSU Debt Fund or UTI - Money Market Fund?
Over 1 year: UTI Banking & PSU Debt Fund +5.74%, UTI - Money Market Fund +6.33%. Over 3 years: UTI Banking & PSU Debt Fund +7.47% a year, UTI - Money Market Fund +7.30% a year. Over 5 years: UTI Banking & PSU Debt Fund +7.79% a year, UTI - Money Market Fund +6.77% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, UTI Banking & PSU Debt Fund or UTI - Money Market Fund?
UTI - Money Market Fund charges less: 0.17% a year against 0.24%. These are the Direct plans' total expense ratios reported to AMFI.
How much do UTI Banking & PSU Debt Fund and UTI - Money Market Fund overlap?
14.0%. They hold 11 of the same securities, the largest shared ones being CD - NABARD - 22/01/2027, CD - SMALL INDST. DEV. BANK OF INDIA - 26/02/2027, CD - HDFC BANK LTD - 24/02/2027. From each fund's latest monthly portfolio.
Which is riskier, UTI Banking & PSU Debt Fund or UTI - Money Market Fund?
On SEBI's riskometer, UTI Banking & PSU Debt Fund is rated Low to Moderate and UTI - Money Market Fund Moderate. Over 3 years, the standard deviation of daily returns was 0.75% and 0.42% a year.
Which is better for SIP, UTI Banking & PSU Debt Fund or UTI - Money Market Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,35,942 in UTI Banking & PSU Debt Fund (XIRR 7.3% a year) and ₹7,31,271 in UTI - Money Market Fund (XIRR 7.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both UTI Banking & PSU Debt Fund and UTI - Money Market Fund?
Yes. 14.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages UTI Banking & PSU Debt Fund and UTI - Money Market Fund?
UTI Banking & PSU Debt Fund: Anurag Mittal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4. UTI - Money Market Fund: Anurag Mittal FM 1, Amit Sharma FM 2, Not Applicable FM 3, Not Applicable FM 4.
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.