SBI Banking & PSU Debt Fund

Banking & PSUDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

SBI Banking & PSU Debt Fund is a Banking & PSU fund run by SBI Mutual Fund. On 30-09-2026, it managed ₹3,512 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.1% a year and its Regular plan returned 6.6% a year. Its benchmark, NIFTY Banking & PSU Debt Index A-II, returned 6.6% a year over the same 3 years.

NAV (Direct plan): ₹3,539.20; ▲ 0.02%30-10-2026
NAV (Regular plan): ₹3,313.33; ▲ 0.02%30-10-2026
Expense ratio: 0.41%Direct0.77%Regular; 0.41%; A year
Riskometer: Low to Moderate; Set by the fund house
3 year return: 7.1%Direct6.6%Regular; 7.1%; A year

SBI Banking & PSU Debt Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹3,539.20 (up 0.02% that day); Regular Plan Growth ₹3,313.33 (up 0.02% that day).

This fund (Direct plan)

₹3,539.2004

SBI Banking & PSU Debt Fund Returns vs NIFTY Banking & PSU Debt Index A-II

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	+0.14%	+0.61%	+2.84%	+4.41%	+7.07%	+6.15%	+7.06%
This fund (Regular)	+0.11%	+0.51%	+2.65%	+4.01%	+6.62%	+5.68%	+6.55%
NIFTY Banking & PSU Debt Index A-II	+0.16%	+0.57%	+2.67%	+4.43%	+6.60%	+5.65%	--
Banking & PSU average	−0.21%	+0.14%	+2.36%	+4.04%	+6.88%	+6.22%	+6.95%
Best in Banking & PSU	+0.29%	+1.41%	+3.21%	+5.74%	+7.47%	+7.79%	+7.22%
Worst in Banking & PSU	−0.45%	−0.53%	+1.89%	+2.97%	+6.32%	+5.58%	+6.46%
Rank in Banking & PSU	2/19	4/19	3/19	4/19	4/18	8/16	6/13

Category rows compare the Direct plans of 19 Banking & PSU funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

SBI Banking & PSU Debt Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+3.81%	+3.48%
2025	+7.86%	+7.43%
2024	+8.20%	+7.69%
2023	+7.06%	+6.56%
2022	+3.35%	+2.87%
2021	+3.07%	+2.58%

SBI Banking & PSU Debt Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,417 periods, one for each trading day from 18-11-2016 to 30-10-2026.

0%2%4%6%8%10%12%

Sept 2014
to
Sept 2017May 2016
to
May 2019Jan 2018
to
Jan 2021Oct 2019
to
Oct 2022Jun 2021
to
Jun 2024Jan 2023
to
Jan 2026

SBI Banking & PSU Debt Fund (Direct)Category average, 19 Banking & PSU funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	2,900	8.0%	1.9%	12.5%	0%	7.9%	52%
2 years	2,657	7.9%	3.1%	11.2%	0%	7.8%	50%
3 years	2,417	7.9%	4.3%	9.9%	0%	7.8%	47%
5 years	1,933	7.1%	5.8%	9.3%	0%	7.3%	51%
7 years	1,448	7.3%	6.5%	9.3%	0%	7.4%	43%
10 years	721	7.6%	7.1%	7.8%	0%	7.6%	12%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	144	7.8%	1.0%	13.3%	0%	7.7%	54%
2 years	132	7.7%	2.6%	12.2%	0%	7.7%	49%
3 years	120	7.6%	4.0%	11.0%	0%	7.4%	47%
5 years	96	7.1%	5.7%	9.8%	0%	7.1%	43%
7 years	72	6.7%	6.3%	9.4%	0%	6.9%	26%
10 years	36	7.1%	6.7%	7.4%	0%	7.2%	0%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 19 Banking & PSU funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

SBI Banking & PSU Debt Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	SBI Banking & PSU Debt Fund (Direct)This fund	Category average
Return (CAGR)	+4.41%	+4.04%
Standard deviation	1.05%	1.18%
Sharpe ratio	-0.79	-1.02
Sortino ratio	-1.09	-1.39
Maximum drawdown	−0.60% (02-04-2026)	−0.54% (02-04-2026)

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.

Measure	SBI Banking & PSU Debt Fund (Direct)This fund	Category average
Return (CAGR)	+7.07%	+6.89%
Standard deviation	1.01%	1.00%
Sharpe ratio	1.04	0.87
Sortino ratio	1.57	1.29
Maximum drawdown	−0.60% (02-04-2026)	−0.54% (02-04-2026)

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.

Measure	SBI Banking & PSU Debt Fund (Direct)This fund	Category average
Return (CAGR)	+6.15%	+6.19%
Standard deviation	0.97%	0.98%
Sharpe ratio	0.36	0.39
Sortino ratio	0.50	0.54
Maximum drawdown	−1.1% (09-05-2022)	−0.91% (05-05-2022)

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.

Measure	SBI Banking & PSU Debt Fund (Direct)This fund	Category average
Return (CAGR)	+7.06%	+6.96%
Standard deviation	1.49%	1.60%
Sharpe ratio	1.11	0.98
Sortino ratio	1.79	1.59
Maximum drawdown	−3.2% (23-03-2020)	−3.2% (23-03-2020)

From daily NAVs, 28-10-2016 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.

Measure	SBI Banking & PSU Debt Fund (Direct)This fund	Category average
Return (CAGR)	+7.65%	+7.59%
Standard deviation	1.33%	1.45%
Sharpe ratio	1.31	1.17
Sortino ratio	2.12	1.90
Maximum drawdown	−3.2% (23-03-2020)	−3.2% (23-03-2020)

From daily NAVs, 18-11-2013 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.

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.

−4%−3%−2%−1%0%

2014201620182020202220242026

SBI Banking & PSU Debt Fund (Direct)Category average, 19 Banking & PSU funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
SBI Banking & PSU Debt Fund (Direct)	−3.2%	06-03-2020	23-03-2020	20-04-2020	28 days	−0.01%
Category average	−3.2%	06-03-2020	23-03-2020	20-04-2020	28 days	−0.37%

From the Direct plan's daily NAV since 18-11-2013, adjusted for unit splits, and the average of the 19 Banking & PSU funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

SBI Banking & PSU Debt Fund vs Other Banking & PSU Funds

The five Banking & PSU funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
UTI Banking & PSU Debt Fund	1/18	1,448	0.24%	+5.74%	+7.47%	--	--	1.92	3.16	Compare
Franklin India Banking & PSU Debt Fund	2/18	565	0.23%	+5.39%	+7.31%	--	--	1.31	2.00	Compare
LIC MF Banking & PSU Debt Fund	3/18	1,598	0.28%	+4.25%	+7.11%	--	--	1.02	1.54	Compare
SBI Banking & PSU Debt Fund	4/18	3,512	0.41%	+4.41%	+7.07%	--	--	1.04	1.57
Kotak Banking and PSU Debt Fund	5/18	4,761	0.40%	+4.03%	+7.01%	--	--	0.86	1.26	Compare

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

SBI Banking & PSU Debt Fund Expense Ratio and Costs

What each plan charges a year, in force from 29-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Banking & PSU median	Cost rank (1 = cheapest)
Direct	0.34%	0.01%	0.00%	0.06%	0.41%	0.36%	17/19
Regular	0.65%	0.01%	0.00%	0.11%	0.77%	0.70%	16/19

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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Banking & PSU funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	4.01%	4.41%	0.40%	₹1,04,010	₹1,04,410
3 years	6.62%	7.07%	0.45% a year	₹1,21,204	₹1,22,745
5 years	5.68%	6.15%	0.47% a year	₹1,31,815	₹1,34,772
10 years	6.55%	7.06%	0.51% a year	₹1,88,597	₹1,97,821

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

SBI Banking & PSU Debt Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 18-11-2013 to 30-10-2026: 156 instalments, ₹15,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planSBI Banking & PSU Debt Fund (Direct)	₹15,60,000	₹25,09,437	₹9,49,437	7.0%
Regular planSBI Banking & PSU Debt Fund (Regular)	₹15,60,000	₹24,23,997	₹8,63,997	6.5%
Category averageCategory average, 19 Banking & PSU funds	₹15,60,000	₹25,04,598	₹9,44,598	7.0%

₹0₹10.0 L₹20.0 L₹30.0 L

2014201620182020202220242026

Direct planSBI Banking & PSU Debt Fund (Direct)Regular planSBI Banking & PSU Debt Fund (Regular)Category averageCategory average, 19 Banking & PSU fundsAmount invested

From each plan's published NAV (Growth option) and the category average, 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 Banking & PSU Debt Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

89.8%Debt

Asset	Fund	Category
Debt	89.8%	91.5%
Cash and others	10.2%	8.5%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 19 Banking & PSU funds.

Rating	Fund	Category
Sovereign	9.7%	8.9%
AAA and A1+	71.2%	81.8%
AA	9.0%	0.8%

SBI Banking & PSU Debt Fund Portfolio Holdings

As on 30-09-2026 · 41 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
Small Industries Development Bank of India · Certificate of deposit	CRISIL A1+	5.41%
Canara Bank · Certificate of deposit	CRISIL A1+	5.41%
ONGC Petro Additions Ltd. · Bond	CRISIL AA+	4.99%
GAIL (India) Ltd. · Bond	IND AAA	4.97%
HDFC Bank Ltd. · Certificate of deposit	[ICRA]A1+	4.19%
6.17% CGL 2028 · Government security	Sovereign	4.16%
HDFC Bank Ltd. · Certificate of deposit	CRISIL A1+	4.16%
State Bank of India( AT1 Bond under Basel III ) · Bond	CRISIL AA+	3.69%
Bank of Baroda · Certificate of deposit	IND A1+	3.48%
India Infrastructure Finance Company Ltd. · Bond	IND AAA	3.46%
Union Bank of India · Certificate of deposit	[ICRA]A1+	3.45%
7.11% State Government of Assam 2030 · State government security	Sovereign	2.82%
Canara Bank · Certificate of deposit	CRISIL A1+	2.79%
Axis Bank Ltd.	CRISIL A1+	2.77%
Union Bank of India · Certificate of deposit	[ICRA]A1+	2.76%
Punjab National Bank( Tier II Bond under Basel III ) · Bond	CRISIL AAA	2.70%
REC Ltd. · Bond	CRISIL AAA	2.14%
National Bank for Agriculture and Rural Development · Bond	[ICRA]AAA	2.14%
Indian Bank · Certificate of deposit	CRISIL A1+	2.10%
Union Bank of India · Certificate of deposit	[ICRA]A1+	2.08%
Punjab National Bank · Certificate of deposit	CRISIL A1+	2.07%
Small Industries Development Bank of India · Bond	CRISIL AAA	1.58%
Small Industries Development Bank of India · Bond	CRISIL AAA	1.43%
91 DAY T-BILL 08.10.26 · Treasury bill	Sovereign	1.42%
Indian Bank · Certificate of deposit	CRISIL A1+	1.39%
Punjab National Bank · Certificate of deposit	CRISIL A1+	1.39%
Bank of Baroda · Certificate of deposit	IND A1+	1.39%
PNB Housing Finance Ltd. · Bond	IND AAA	1.27%
6.94% CGL 2036 · Government security	Sovereign	1.26%
NHPC Ltd. · Bond	[ICRA]AAA	1.22%
Small Industries Development Bank of India · Bond	CRISIL AAA	1.00%
REC Ltd. · Bond	CRISIL AAA	0.71%
REC Ltd. · Bond	CRISIL AAA	0.71%
NHPC Ltd. · Bond	[ICRA]AAA	0.71%
State Bank of India( Tier II Bond under Basel III ) · Bond	CRISIL AAA	0.70%
REC Ltd. · Bond	CRISIL AAA	0.70%
Punjab National Bank · Certificate of deposit	CRISIL A1+	0.69%
Corporate Debt Market Development Fund-A2	CDMDF	0.43%
Canara Bank( AT1 Bond Under Basel III ) · Bond	CRISIL AA+	0.29%
Power Grid Corporation of India Ltd. · Bond	CRISIL AAA	0.14%
NHPC Ltd. · Bond	[ICRA]AAA	0.06%

SBI Banking & PSU Debt Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Tata Ultra Short Term FundUltra Short · Tata	16.4%	8	Compare
Axis Ultra Short to Short Term FundLow Duration · Axis	13.3%	10	Compare
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index FundIndex · HDFC	13.0%	6	Compare
HSBC Money Market FundMoney Market · HSBC	12.0%	9	Compare
JioBlackRock Money Market FundMoney Market · Jio BlackRock	11.9%	7	Compare
Bandhan Money Market FundMoney Market · Bandhan	11.7%	10	Compare
Invesco India Ultra Short Term FundUltra Short · Invesco	11.6%	7	Compare
Mirae Asset Ultra Short to Short Term FundLow Duration · Mirae Asset	10.8%	7	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

SBI Banking & PSU Debt Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.41%
Expense ratio (Regular): 0.77%
Category: Banking & PSU
Risk: Low to Moderate
Benchmark: NIFTY Banking & PSU Debt Index A-II
Launch date: 09-10-2009
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹3,512.09 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 125503
ISIN (Direct): INF200K01V08
Scheme code (Regular): 125498
ISIN (Regular): INF200K01U41
NAV history: From 18-11-2013, 12.9 years

Exit load: Nil

Tax on SBI Banking & PSU Debt Fund returns

SBI Banking & PSU Debt Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹3,539.2004	30-10-2026
direct	IDCW	₹1,558.9198	30-10-2026
direct	IDCW	₹1,309.555	30-10-2026
direct	IDCW	₹1,555.4571	30-10-2026
regular	Growth	₹3,313.3337	30-10-2026
regular	IDCW	₹1,511.6345	30-10-2026
regular	IDCW	₹1,216.5312	30-10-2026
regular	IDCW	₹1,511.2745	30-10-2026

About SBI Banking & PSU Debt Fund

SBI Banking & PSU Debt Fund is a mutual fund from SBI Mutual Fund. Its category is Banking & PSU. It was launched on 09-10-2009. Its benchmark is NIFTY Banking & PSU Debt Index A-II. At the end of September 2026 it held 41 securities.

Fund Manager

Rajeev Radhakrishnan
Fund manager of SBI Banking & PSU Debt Fund, since 16-11-2013
Ardhendu Bhattacharya
Fund manager of SBI Banking & PSU Debt Fund, since 01-12-2023

See all funds of SBI Mutual Fund

AUM change

September 2026: ₹3,512.09 Cr; −9.24% from August 2026
August 2026: ₹3,869.84 Cr; −1.72% from July 2026
July 2026: ₹3,937.69 Cr; −0.97% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare SBI Banking & PSU Debt Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

SBI Banking & PSU Debt vs UTI Banking & PSU DebtBanking & PSU
SBI Banking & PSU Debt vs Franklin India Banking & PSU DebtBanking & PSU
SBI Banking & PSU Debt vs LIC MF Banking & PSU DebtBanking & PSU
SBI Banking & PSU Debt vs Kotak Banking and PSU DebtBanking & PSU
SBI Banking & PSU Debt vs Tata Ultra Short Term16.4% overlap
SBI Banking & PSU Debt vs Axis Ultra Short to Short Term13.3% overlap
SBI Banking & PSU Debt vs HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index13.0% overlap
SBI Banking & PSU Debt vs HSBC Money Market12.0% overlap

Compare with any other fund

Frequently Asked Questions for SBI Banking & PSU Debt Fund

What is the current NAV of SBI Banking & PSU Debt Fund?

The Direct plan NAV is ₹3,539.2004. The Regular plan NAV is ₹3,313.3337, as on 30-10-2026.

What are the returns of SBI Banking & PSU Debt Fund?

The Direct plan returned +4.41% in 1 year, +7.07% a year over 3 years, +6.15% a year over 5 years. The Regular plan returned +4.01% in 1 year, +6.62% a year over 3 years, +5.68% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of SBI Banking & PSU Debt Fund?

The Direct plan charges 0.41% a year. The Regular plan charges 0.77% a year. This is the figure the fund house reported to AMFI, in force from 29-09-2026.

What is the AUM of SBI Banking & PSU Debt Fund?

SBI Banking & PSU Debt Fund managed ₹3,512.09 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of SBI Banking & PSU Debt Fund?

At the end of September 2026 the largest holdings were Small Industries Development Bank of India (5.41%), Canara Bank (5.41%), ONGC Petro Additions Ltd. (4.99%), GAIL (India) Ltd. (4.97%), HDFC Bank Ltd. (4.19%). The fund held 41 securities in all.

How do I invest in SBI Banking & PSU Debt Fund?

Through SBI Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of SBI Banking & PSU Debt Fund?

Rajeev Radhakrishnan (since 16-11-2013), Ardhendu Bhattacharya (since 01-12-2023).

What is the exit load of SBI Banking & PSU Debt Fund?

Nil

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

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.