DebtBanking and PSU FundRegularIDCWLow to Moderate

Bandhan Banking and PSU Debt Fund

Q: What is the NAV of Bandhan Banking and PSU Debt Fund?

As of 05 Oct 2026, the NAV of Bandhan Banking and PSU Debt Fund is ₹14.21 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bandhan Banking and PSU Debt Fund delivered?

Bandhan Banking and PSU Debt Fund has returned +5.21% over 1 year, +6.79% per year over 3 years, +5.97% per year over 5 years and +2.62% 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 is the expense ratio of Bandhan Banking and PSU Debt Fund?

Bandhan Banking and PSU Debt Fund charges an expense ratio of 0.68% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Bandhan Banking and PSU Debt Fund?

Bandhan Banking and PSU Debt Fund's largest holdings are Small Industries Dev Bank of India (3.9%), 7.7% HDFC Bank Limited (3.3%), 8.24% Power Grid Corporation of India Limited (3.1%), 7.37% Indian Railway Finance Corporation Limited (3.0%) and Canara Bank (2.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Bandhan Banking and PSU Debt Fund?

Bandhan Banking and PSU Debt Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.9% and its worst peak-to-trough fall in our sample was -21.1%. 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 0.31 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Banking and PSU Debt Fund's 0.31 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Bandhan Banking and PSU Debt Fund?

Bandhan Banking and 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 Bandhan Banking and PSU Debt Fund?

Bandhan Banking and PSU Debt Fund is managed by Gautam Kaul and Suyash Choudhary at Bandhan.

Q: How is Bandhan Banking and PSU Debt Fund taxed?

Bandhan Banking and 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.

Bandhan Mutual Fund · Best Banking & PSU Mutual Funds

NAV

₹14.21

+0.07% 1D

as of 05 Oct 2026

This is the Regular plan of Bandhan Banking and PSU Debt Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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NAV history

+5.16%absolute

52-week rangePrev NAV ₹14.20

Latest ₹14.21

Low ₹13.51100th percentile of its 52-week rangeHigh ₹14.21

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 0.9% (no category average yet)

Cost—

0.7% expense (no category average yet)

ConsistencyModerate

76% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.68%

Category —

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

—

Category —

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

0.31

Category —

Scheme Info

Definitions

Plan

Regular · 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

₹100

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.

08 Mar 2013

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.13%

Absolute return over the last 3 months (not annualized)

+0.61%

Absolute return over the last 6 months (not annualized)

+3.58%

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

+4.14%

Annualized returns (≥1Y — CAGR)

Definitions

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

+5.21%

3-year annualized return (CAGR)

+6.79%

5-year annualized return (CAGR)

+5.97%

10-year annualized return (CAGR)

+3.02%

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.

+2.62%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.93%

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

0.31

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

0.46

Largest peak-to-trough decline over full history

-21.09%

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	+0.13%	—	—
3M abs	+0.61%	—	—
6M abs	+3.58%	—	—
1Y CAGR	+5.21%	—	—
3Y CAGR	+6.79%	—	—
5Y CAGR	+5.97%	—	—

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

₹7.03L

Absolute

+17.14%

XIRR

+6.47%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Bandhan Banking and 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	+4.14%
2025	+7.11%
2024	+7.58%
2023	+6.74%
2022	+3.62%
2021	-5.66%
2020	-9.75%
2019	+11.20%
2018	+7.35%
2017	-1.69%

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

3,284

Expense ratio

0.68%

YTM (from holdings)

7.05%

Average maturity

2.52 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


Bandhan Banking and PSU Debt FundThis fund Bandhan · Regular · IDCW	—	+5.21%	+6.79%	+5.97%	—	0.68%	—
UTI Banking & PSU Debt Fund UTI · Regular · Discontinued · Flexi IDCW	—	+5.73%	+7.16%	+7.50%	—	—	—
UTI Banking & PSU Debt Fund UTI · Regular · Discontinued · Quarterly IDCW	—	+5.73%	+7.16%	+7.27%	—	0.47%	—
UTI Banking & PSU Debt Fund UTI · Regular · Half-Yearly IDCW	—	+5.73%	+7.16%	+7.50%	—	0.47%	—
LIC MF Banking & PSU Debt Fund LIC · Regular · Monthly IDCW	—	+4.56%	+6.74%	+5.57%	—	0.65%	—
SBI Banking & PSU Debt Fund SBI · Regular · IDCW	—	+4.52%	+6.65%	+5.68%	—	0.77%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt86.61%
Cash & Equivalents13.39%

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.

-21.1%06 Mar 2020 → 26 Mar 2020
Fell over 20 days, back to the old high on 24 Feb 2025 — 4.9 years under water after the low.
-7.4%17 Mar 2016 → 18 Mar 2016
Fell over 1 day, back to the old high on 08 Aug 2018 — 2.4 years under water after the low.
-6.0%07 Mar 2014 → 15 Sep 2014
Fell over 6 months, back to the old high on 11 Dec 2015 — 15 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

Bandhan Mutual Fund is the former IDFC Mutual Fund, bought in 2022 by a consortium of Bandhan Financial Holdings, ChrysCapital and GIC and renamed the following year. It carries a long-established debt franchise alongside its equity and index schemes.

Launched

19 Dec 1999

Total AUM

₹2,04,046Cr+4.5% QoQ

Avg AUM · April - June 2026

Website

bandhanmutual.com

Fund Managers

GKGautam KaulManaging since 01 Dec 2021

Role

Senior Fund Manager - Fixed Income

Education

MBA, B.Com

Experience

Mr. Gautam Kaul joined the Fixed Income Fund Management team Bandhan AMC on November 24, 2021 Senior Fund Manager – Fixed Income. He was earlier associated Bandhan with Edelweiss Asset Management Company Ltd. as Fund Manager from December 2016 to CRISIL IBX Gilt June 2027 Index November 2021 and was managing various schemes of Edelweiss Mutual Fund. CRISIL IBX Gilt April 2032 Index Prior to this, he was also Fund, Bandhan CRISIL IBX 90:10 associated with IDBI Asset SDL Plus Gilt– November 2026 Management Company Ltd. as Fund Manager from March 2010 November 2016 and was managing various schemes of IDBI Mutual Fund. His prior associations also include Religare Asset Management Company Ltd., Sahara Asset Management Company Ltd. and Mata Securities India Private Ltd. (Total experience – 22 years)

Funds managed (15)

All schemes Gautam Kaul runs →

SCSuyash ChoudharyManaging since 28 Jul 2021

Role

Chief Investment Officer- Fixed Income

Education

B.A. (Hons) - Economics (Delhi University), PGDM (IIM, Calcutta)

Experience

He is associated with Bandhan AMC since October 2010 and is responsible for overall fixed income fund management. Prior experience: HSBC Asset Management (India) Pvt. Ltd. as Head - Fund Management, Fixed Income; responsible for investments of all Bandhan Bond Fund - Short fixed income funds (December 2008 – October 2010). Prior to that, he was Fund Manager in Fixed Income Team. Standard Chartered Asset Management Co. Pvt. Ltd. as Fund Manager in Fixed Income Team (November 2001 – January 2008) Deutsche Bank AG (Mumbai), involved in treasury restructuring Bandhan and credit & market risk modelling Securities Fund – Investment as part of DB Consulting Group, Asia Pacific (May 2000 – October 2001). (Total Experience – 22 years)

Funds managed (13)

All schemes Suyash Choudhary runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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.

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Fund managers

Gautam Kaul Suyash Choudhary

Bandhan 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 Bandhan Banking and PSU Debt Fund?

As of 05 Oct 2026, the NAV of Bandhan Banking and PSU Debt Fund is ₹14.21 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bandhan Banking and PSU Debt Fund delivered?

Bandhan Banking and PSU Debt Fund has returned +5.21% over 1 year, +6.79% per year over 3 years, +5.97% per year over 5 years and +2.62% 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 is the expense ratio of Bandhan Banking and PSU Debt Fund?

Bandhan Banking and PSU Debt Fund charges an expense ratio of 0.68% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Bandhan Banking and PSU Debt Fund?

Bandhan Banking and PSU Debt Fund's largest holdings are Small Industries Dev Bank of India (3.9%), 7.7% HDFC Bank Limited (3.3%), 8.24% Power Grid Corporation of India Limited (3.1%), 7.37% Indian Railway Finance Corporation Limited (3.0%) and Canara Bank (2.4%). Holdings are disclosed monthly and change over time.

How risky is Bandhan Banking and PSU Debt Fund?

Bandhan Banking and PSU Debt Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.9% and its worst peak-to-trough fall in our sample was -21.1%. 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 0.31 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Banking and PSU Debt Fund's 0.31 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Bandhan Banking and PSU Debt Fund?

Bandhan Banking and 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 Bandhan Banking and PSU Debt Fund?

Bandhan Banking and PSU Debt Fund is managed by Gautam Kaul and Suyash Choudhary at Bandhan.

How is Bandhan Banking and PSU Debt Fund taxed?

Bandhan Banking and 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.