DebtBanking and PSU FundDirectIDCWModerate

Aditya Birla Sun Life Banking & PSU Debt Fund

Q: What is the NAV of Aditya Birla Sun Life Banking & PSU Debt Fund?

As of 05 Oct 2026, the NAV of Aditya Birla Sun Life Banking & PSU Debt Fund is ₹107.03 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Aditya Birla Sun Life Banking & PSU Debt Fund delivered?

Aditya Birla Sun Life Banking & PSU Debt Fund has returned -1.76% over 1 year, -2.23% per year over 3 years, -4.00% per year over 5 years and +0.28% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What are the top holdings of Aditya Birla Sun Life Banking & PSU Debt Fund?

Aditya Birla Sun Life Banking & PSU Debt Fund's largest holdings are 7.48% National Bank for Agriculture and Rural Development (15/09/2028) (5.2%), 6.58% Indian Railway Finance Corporation Ltd. (30/05/2030) (2.2%), 7.56% REC Ltd. (31/08/2027) (2.2%), 8.00% HDFC Bank Ltd. (27/07/2032) (2.1%) and 7.17% REC Ltd. (01/07/2031) (2.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Aditya Birla Sun Life Banking & PSU Debt Fund?

Aditya Birla Sun Life Banking & PSU Debt Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.7% and its worst peak-to-trough fall in our sample was -36.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.69 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Aditya Birla Sun Life Banking & PSU Debt Fund's -0.69 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Aditya Birla Sun Life Banking & PSU Debt Fund?

Aditya Birla Sun Life Banking & PSU Debt Fund is benchmarked against the Nifty Banking & PSU Debt Index A-II. Its alpha and beta on this page are measured against that index.

Q: Who manages Aditya Birla Sun Life Banking & PSU Debt Fund?

Aditya Birla Sun Life Banking & PSU Debt Fund is managed by Harshil Suvarnkar and Kaustubh Gupta at Aditya Birla Sun Life.

Q: How is Aditya Birla Sun Life Banking & PSU Debt Fund taxed?

Aditya Birla Sun Life Banking & PSU Debt Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Aditya Birla Sun Life Mutual Fund · Best Banking & PSU Mutual Funds

NAV

₹107.03

+0.10% 1D

as of 05 Oct 2026

This is the Direct plan of Aditya Birla Sun Life Banking & PSU Debt Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed and reinvested in more units, which is why this NAV sits below the growth plan of the same fund.

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NAV history

-1.89%absolute

52-week rangePrev NAV ₹106.93

Latest ₹107.03

Low ₹103.8844th percentile of its 52-week rangeHigh ₹111.11

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.

Performance—

Not enough Banking and PSU Fund peers to rank yet

Risk—

Volatility 12.7% (no category average yet)

Cost—

Expense ratio not available yet

ConsistencyLow

58% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

No standout strengths identified.

Concerns

Positive in only 58% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

—

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.69

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

Nifty Banking & PSU Debt Index A-II

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-0.12%

Absolute return over the last 3 months (not annualized)

+0.21%

Absolute return over the last 6 months (not annualized)

+3.03%

Absolute return since 1 Jan of this year (not annualized)

-2.98%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-1.76%

3-year annualized return (CAGR)

-2.23%

5-year annualized return (CAGR)

-4.00%

10-year annualized return (CAGR)

-2.57%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+0.28%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

12.73%

Excess return per unit of total volatility (rf = 6.5%)

-0.69

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.85

Largest peak-to-trough decline over full history

-36.65%

Benchmark ratios

Not shown for Banking and PSU Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Banking and PSU Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.12%	—	—
3M abs	+0.21%	—	—
6M abs	+3.03%	—	—
1Y CAGR	-1.76%	—	—
3Y CAGR	-2.23%	—	—
5Y CAGR	-4.00%	—	—

Category average across peers in Banking and PSU Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹5.86L

Absolute

-2.25%

XIRR

-0.93%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Aditya Birla Sun Life Banking & PSU Debt Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	-2.98%
2025	+7.71%
2024	-5.37%
2023	-0.26%
2022	-10.27%
2021	-24.79%
2020	+4.62%
2019	+2.52%
2018	+0.31%
2017	+5.95%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

3,321

YTM (from holdings)

7.45%

Average maturity

3.35 years

Exit load

Nil

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Banking and PSU Fund

Compare all


Aditya Birla Sun Life Banking & PSU Debt FundThis fund Aditya Birla Sun Life · Direct · IDCW	—	-1.76%	-2.23%	-4.00%	—	—	—
UTI Banking & PSU Debt Fund UTI · Direct · Discontinued · Flexi IDCW	—	+6.00%	+7.43%	+7.77%	—	—	—
UTI Banking & PSU Debt Fund UTI · Direct · Discontinued · Quarterly IDCW	—	+6.00%	+7.43%	+7.56%	—	0.24%	—
UTI Banking & PSU Debt Fund UTI · Direct · Half-Yearly IDCW	—	+6.00%	+7.43%	+7.77%	—	0.24%	—
LIC MF Banking & PSU Debt Fund LIC · Direct · Monthly IDCW	—	+5.00%	+7.24%	+6.30%	—	0.28%	—
SBI Banking & PSU Debt Fund SBI · Direct · IDCW	—	+4.92%	+7.11%	+6.15%	—	0.41%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt93.47%
Cash & Equivalents6.20%
Other0.33%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Shivshakti Securitisation Trust (28/09/2029)

1.62%

Small Industries Development Bank of India (26/02/2027)

1.17%

Export-Import Bank of India (29/01/2027)

1.12%

Indian Bank (03/02/2027)

1.12%

HDFC Bank Ltd. (05/02/2027)

1.12%

HDFC Bank Ltd. (12/03/2027)

1.11%

Small Industries Development Bank of India (20/08/2027)

1.07%

Axis Bank Ltd. (27/11/2026)

0.85%

Indian Bank (04/12/2026)

0.85%

Punjab National Bank (04/02/2027)

0.84%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-36.6%08 Jan 2021 → 20 Dec 2024
Still below that high — 3.9 years down, and no recovery yet.
-8.5%24 Feb 2020 → 23 Mar 2020
Fell over 28 days, back to the old high on 09 Oct 2020 — 7 months under water after the low.
-6.9%22 Mar 2019 → 26 Mar 2019
Fell over 4 days, back to the old high on 18 Nov 2019 — 8 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

Aditya Birla Sun Life Mutual Fund is run by Aditya Birla Sun Life AMC, a joint venture between the Aditya Birla Group and Sun Life Financial of Canada. In business since 1994 and listed on the exchanges since 2021, it is among India's larger houses across equity, debt and hybrid.

Launched

22 Dec 1994

Total AUM

₹4,41,787Cr+3.3% QoQ

Avg AUM · July - September 2026

Website

mutualfund.adityabirlacapital.com

Fund Managers

HSHarshil SuvarnkarStart date not disclosed

Education

Masters Management Studies (Finance), Post Graduate Diploma Securities Law & B. Com.

Experience

years in the financial 2021 to joining he was associated with as Head - Markets, handling treasury Asset Liability (ALM) and capital Fund Management Responsibility jointly with Mr. Chanchal Khandelwal and Dhaval Joshi Mr. Lovelish Solanki and Mr. Rohit Karan Mr. Kaustubh Gupta Mr. Bhupesh Bameta Mr. Abhinav Khandelwal and Dhaval Joshi Mr. Bhupesh Bameta Mr. Mohit Sharma - Mr. Sanjay Godambe - Mr. Kaustubh Gupta and Mr. Vighnesh Gupta

Funds managed (16)

All schemes Harshil Suvarnkar runs →

KGKaustubh GuptaStart date not disclosed

Education

Experience

He has over 21 years of experience. Prior to July 15, joining ABSLAMC, he has worked with ICICI Bank Limited in asset liability management team. Fund Manager(s) Mr. Harshil Suvarnkar - Mr. Harshil Suvarnkar Ms. Sunaina da Cunha and Mr. Sanjay Pawar Mr. Mohit Sharma and Mr. Anuj Jain - Ms. Sunaina da Cunha and Ms. Monika Gandhi Mr. Mohit Sharma Mr. Harshil Suvarnkar and Mr. Vighnesh Gupta

Funds managed (10)

All schemes Kaustubh Gupta runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Harshil Suvarnkar Kaustubh Gupta

Aditya Birla Sun Life in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Banking & PSU funds

Banking and PSU funds must keep at least 80% in the debt of banks, public sector undertakings, public financial institutions and municipal bonds. That issuer restriction is the category: it targets high-rated, quasi-sovereign borrowers, so credit risk is low and the main risk left is interest rates.

Frequently asked questions

What is the NAV of Aditya Birla Sun Life Banking & PSU Debt Fund?

As of 05 Oct 2026, the NAV of Aditya Birla Sun Life Banking & PSU Debt Fund is ₹107.03 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Aditya Birla Sun Life Banking & PSU Debt Fund delivered?

Aditya Birla Sun Life Banking & PSU Debt Fund has returned -1.76% over 1 year, -2.23% per year over 3 years, -4.00% per year over 5 years and +0.28% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What are the top holdings of Aditya Birla Sun Life Banking & PSU Debt Fund?

Aditya Birla Sun Life Banking & PSU Debt Fund's largest holdings are 7.48% National Bank for Agriculture and Rural Development (15/09/2028) (5.2%), 6.58% Indian Railway Finance Corporation Ltd. (30/05/2030) (2.2%), 7.56% REC Ltd. (31/08/2027) (2.2%), 8.00% HDFC Bank Ltd. (27/07/2032) (2.1%) and 7.17% REC Ltd. (01/07/2031) (2.0%). Holdings are disclosed monthly and change over time.

How risky is Aditya Birla Sun Life Banking & PSU Debt Fund?

Aditya Birla Sun Life Banking & PSU Debt Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.7% and its worst peak-to-trough fall in our sample was -36.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.69 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Aditya Birla Sun Life Banking & PSU Debt Fund's -0.69 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Aditya Birla Sun Life Banking & PSU Debt Fund?

Aditya Birla Sun Life Banking & PSU Debt Fund is benchmarked against the Nifty Banking & PSU Debt Index A-II. Its alpha and beta on this page are measured against that index.

Who manages Aditya Birla Sun Life Banking & PSU Debt Fund?

Aditya Birla Sun Life Banking & PSU Debt Fund is managed by Harshil Suvarnkar and Kaustubh Gupta at Aditya Birla Sun Life.

How is Aditya Birla Sun Life Banking & PSU Debt Fund taxed?

Aditya Birla Sun Life Banking & PSU Debt Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.