DebtBanking and PSU FundRegularIDCWLow to Moderate

SBI Banking & PSU Debt Fund

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

As of 01 Oct 2026, the NAV of SBI Banking & PSU Debt Fund is ₹1,510.13 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Banking & PSU Debt Fund delivered?

SBI Banking & PSU Debt Fund has returned +4.59% over 1 year, +6.66% per year over 3 years, +5.67% per year over 5 years and +3.25% 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 SBI Banking & PSU Debt Fund?

SBI Banking & PSU Debt Fund charges an expense ratio of 0.77% 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 SBI Banking & PSU Debt Fund?

SBI Banking & PSU Debt Fund's largest holdings are 6.94% CGL 2036 (6.2%), Small Industries Development Bank of India (4.9%), Canara Bank (4.9%), Power Grid Corporation of India Ltd. (4.8%) and 7.74% State Government of Tamil Nadu 2036 (4.7%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Banking & PSU Debt Fund?

SBI Banking & PSU Debt Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.0% and its worst peak-to-trough fall in our sample was -3.4%. 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 0.16 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Banking & PSU Debt Fund's 0.16 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of SBI Banking & PSU Debt Fund?

SBI Banking & PSU Debt Fund is benchmarked against the NIFTY Banking and PSU Debt Index. Its alpha and beta on this page are measured against that index.

Q: Who manages SBI Banking & PSU Debt Fund?

SBI Banking & PSU Debt Fund is managed by Rajeev Radhakrishnan and Ardhendu Bhattacharya at SBI.

Q: How is SBI Banking & PSU Debt Fund taxed?

SBI 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.

SBI Mutual Fund · Best Banking & PSU Mutual Funds

NAV

₹1,510.13

+0.01% 1D

as of 01 Oct 2026

This is the Regular plan of SBI Banking & 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

+4.68%CAGR

52-week rangePrev NAV ₹1,509.93

Latest ₹1,510.13

Low ₹1,443.8399th percentile of its 52-week rangeHigh ₹1,510.93

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 1.0% (no category average yet)

Cost—

0.8% expense (no category average yet)

ConsistencyHigh

100% 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

Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.77%

Category —

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

—

Category —

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

0.16

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

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY Banking and PSU Debt Index

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.

18 Nov 2013

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.24%

Absolute return over the last 3 months (not annualized)

+0.68%

Absolute return over the last 6 months (not annualized)

+3.20%

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

+3.38%

Annualized returns (≥1Y — CAGR)

Definitions

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

+4.59%

3-year annualized return (CAGR)

+6.66%

5-year annualized return (CAGR)

+5.67%

10-year annualized return (CAGR)

+4.11%

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.

+3.25%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.03%

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

0.16

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

0.23

Largest peak-to-trough decline over full history

-3.42%

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	+0.24%	—	—
3M abs	+0.68%	—	—
6M abs	+3.20%	—	—
1Y CAGR	+4.59%	—	—
3Y CAGR	+6.66%	—	—
5Y CAGR	+5.67%	—	—

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

₹6.99L

Absolute

+16.56%

XIRR

+6.26%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into SBI 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	+3.38%
2025	+7.43%
2024	+7.69%
2023	+6.56%
2022	+2.87%
2021	+2.58%
2020	+8.61%
2019	+1.71%
2018	+0.45%
2017	+0.21%

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

3,118

Expense ratio

0.77%

YTM (from holdings)

7.37%

Average maturity

3.17 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


SBI Banking & PSU Debt FundThis fund SBI · Regular · IDCW	—	+4.59%	+6.66%	+5.67%	—	0.77%	—
UTI Banking & PSU Debt Fund UTI · Regular · Discontinued · Flexi IDCW	—	+5.79%	+7.18%	+7.49%	—	—	—
UTI Banking & PSU Debt Fund UTI · Regular · Discontinued · Quarterly IDCW	—	+5.79%	+7.18%	+7.26%	—	0.47%	—
UTI Banking & PSU Debt Fund UTI · Regular · Half-Yearly IDCW	—	+5.79%	+7.18%	+7.49%	—	0.47%	—
Bandhan Banking and PSU Debt Fund Bandhan · Regular · IDCW	—	+5.28%	+6.79%	+5.95%	—	0.68%	—
LIC MF Banking & PSU Debt Fund LIC · Regular · Monthly IDCW	—	+4.62%	+6.74%	+5.55%	—	0.65%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt92.36%
Cash & Equivalents7.25%
Other0.39%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Small Industries Development Bank of India

4.89%

Canara Bank

4.88%

Power Grid Corporation of India Ltd.

4.76%

ONGC Petro Additions Ltd.

4.53%

GAIL (India) Ltd.

4.52%

Housing and Urban Development Corporation Ltd.

4.50%

National Bank for Agriculture and Rural Development

4.33%

India Infrastructure Finance Company Ltd.

3.81%

National Highways Infra Trust

3.38%

Union Bank of India

3.12%

AMC Profile

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Launched

28 Jun 1987

Total AUM

₹12,57,352Cr+0.7% QoQ

Avg AUM · April - June 2026

Website

sbimf.com

Fund Managers

RRRajeev RadhakrishnanManaging since 16 Nov 2013

Role

Chief Investment Officer Fixed Income

Education

B.E (Production). MMS (Finance), CFA

Experience

Total experience of 22 years in funds management. Around 16 years in Fixed Income funds management and dealing. Previously he was associated UTI Asset Management Company Ltd. as Co - Fund Manager Past experiences: • SBI Funds Management Limited - (From June 09, 2008 onwards) • Co - Fund Manager - UTI Asset Management Company Limited (June 2001-2008)

Funds managed (11)

All schemes Rajeev Radhakrishnan runs →

ABArdhendu BhattacharyaManaging since 01 Dec 2023

Role

Fixed Income Dealer Fund Manager

Education

PGDM-Goa Institute of Management

Experience

Mr. Ardhendu Bhattacharya (Fixed Income Dealer) joined SBIFML in April 2019. He has over 12 years of experience in finance sector. Prior to joining SBIFML, he was previously associated with following entities. ICICI Bank Limited (June 2014 – April 2019) - Primarily involved in trading in money markets and short term corporate bonds Citibank N.A. (April 2010 – June 2013) - Principally handled currency and trade sales Currently he is managing debt portion of SBI Retirement Benefit Fund - Aggressive Plan, SBI Retirement Benefit Fund - Aggressive Hybrid Plan, SBI Retirement Benefit Fund - Conservative Hybrid Plan and SBI Retirement Benefit Fund - Conservative Plan, SBI Floating Rate Debt Fund and Co-Fund Manager of SBI Corporate Bond Fund, SBI Banking & PSU Fund, SBI Arbitrage Opportunities Fund, SBI Long Duration Fund, SBI Income Plus Arbitrage Active FOF, and SBI Dynamic Asset Allocation Active FOF.

Funds managed (8)

All schemes Ardhendu Bhattacharya 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.

Explore from here

Fund managers

Rajeev Radhakrishnan Ardhendu Bhattacharya

SBI 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 SBI Banking & PSU Debt Fund?

As of 01 Oct 2026, the NAV of SBI Banking & PSU Debt Fund is ₹1,510.13 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Banking & PSU Debt Fund delivered?

SBI Banking & PSU Debt Fund has returned +4.59% over 1 year, +6.66% per year over 3 years, +5.67% per year over 5 years and +3.25% 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 SBI Banking & PSU Debt Fund?

SBI Banking & PSU Debt Fund charges an expense ratio of 0.77% 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 SBI Banking & PSU Debt Fund?

SBI Banking & PSU Debt Fund's largest holdings are 6.94% CGL 2036 (6.2%), Small Industries Development Bank of India (4.9%), Canara Bank (4.9%), Power Grid Corporation of India Ltd. (4.8%) and 7.74% State Government of Tamil Nadu 2036 (4.7%). Holdings are disclosed monthly and change over time.

How risky is SBI Banking & PSU Debt Fund?

SBI Banking & PSU Debt Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.0% and its worst peak-to-trough fall in our sample was -3.4%. 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 0.16 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Banking & PSU Debt Fund's 0.16 means it has rewarded its volatility with excess return. Higher is better.

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

SBI Banking & PSU Debt Fund is benchmarked against the NIFTY Banking and PSU Debt Index. Its alpha and beta on this page are measured against that index.

Who manages SBI Banking & PSU Debt Fund?

SBI Banking & PSU Debt Fund is managed by Rajeev Radhakrishnan and Ardhendu Bhattacharya at SBI.

How is SBI Banking & PSU Debt Fund taxed?

SBI 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.