DebtBanking and PSU FundDirectIDCWLow to Moderate

UTI Banking & PSU Debt Fund

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

As of 01 Oct 2026, the NAV of UTI Banking & PSU Debt Fund is ₹17.93 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

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

UTI Banking & PSU Debt Fund has returned +6.05% over 1 year, +7.45% per year over 3 years, +7.55% per year over 5 years and +4.71% 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 UTI Banking & PSU Debt Fund?

UTI Banking & PSU Debt Fund charges an expense ratio of 0.24% 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 UTI Banking & PSU Debt Fund?

UTI Banking & PSU Debt Fund's largest holdings are CANARA BANK - 28/01/2027 (7.4%), UNION BANK OF INDIA - 19/01/2027 (6.5%), ICICI BANK LTD - 25/03/2027 (4.8%), NCD NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT (3.6%) and NCD AXIS BANK LTD. (3.6%). Holdings are disclosed monthly and change over time.

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

UTI Banking & PSU Debt Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.8% and its worst peak-to-trough fall in our sample was -8.3%. 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 1.20 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. UTI Banking & PSU Debt Fund's 1.20 means it has rewarded its volatility with excess return. Higher is better.

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

UTI 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 UTI Banking & PSU Debt Fund?

UTI Banking & PSU Debt Fund is managed by Anurag Mittal at UTI.

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

UTI 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.

UTI Mutual Fund · Best Banking & PSU Mutual Funds

NAV

₹17.93

+0.04% 1D

as of 01 Oct 2026

This is the Direct plan of UTI Banking & PSU Debt Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed quarterly, which is why this NAV sits below the growth plan of the same fund.

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NAV history

+6.09%CAGR

52-week rangePrev NAV ₹17.92

Latest ₹17.93

Low ₹16.90100th percentile of its 52-week rangeHigh ₹17.93

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 0.8% (no category average yet)

Cost—

0.2% expense (no category average yet)

ConsistencyHigh

98% 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 98% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.24%

Category —

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

—

Category —

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

1.20

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

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹20,000

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.

06 Feb 2014

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.50%

Absolute return over the last 3 months (not annualized)

+1.54%

Absolute return over the last 6 months (not annualized)

+3.60%

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

+4.59%

Annualized returns (≥1Y — CAGR)

Definitions

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

+6.05%

3-year annualized return (CAGR)

+7.45%

5-year annualized return (CAGR)

+7.55%

10-year annualized return (CAGR)

+4.63%

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.

+4.71%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.79%

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

1.20

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

1.84

Largest peak-to-trough decline over full history

-8.29%

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	+0.50%	—	—
3M abs	+1.54%	—	—
6M abs	+3.60%	—	—
1Y CAGR	+6.05%	—	—
3Y CAGR	+7.45%	—	—
5Y CAGR	+7.55%	—	—

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

₹7.19L

Absolute

+19.85%

XIRR

+7.41%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into UTI 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	+4.59%
2025	+8.04%
2024	+7.92%
2023	+7.01%
2022	+10.16%
2021	-0.30%
2020	+6.34%
2019	-2.18%
2018	+3.37%
2017	+0.26%

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

3,052

Expense ratio

0.24%

YTM (from holdings)

6.91%

Average maturity

0.53 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


UTI Banking & PSU Debt FundThis fund UTI · Direct · Discontinued · Quarterly IDCW	—	+6.05%	+7.45%	+7.55%	—	0.24%	—
UTI Banking & PSU Debt Fund UTI · Direct · Discontinued · Flexi IDCW	—	+6.05%	+7.45%	+7.76%	—	—	—
UTI Banking & PSU Debt Fund UTI · Direct · Half-Yearly IDCW	—	+6.05%	+7.45%	+7.76%	—	0.24%	—
LIC MF Banking & PSU Debt Fund LIC · Direct · Monthly IDCW	—	+5.05%	+7.25%	+6.28%	—	0.28%	—
SBI Banking & PSU Debt Fund SBI · Direct · IDCW	—	+5.00%	+7.12%	+6.14%	—	0.41%	—
SBI Banking & PSU Debt Fund SBI · Direct · IDCW	—	+5.00%	+7.12%	+6.14%	—	0.41%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt96.09%
Cash & Equivalents3.88%

Cash & cash-like: 7.43% — the 3.88% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

CANARA BANK - 28/01/2027

7.42%

UNION BANK OF INDIA - 19/01/2027

6.46%

ICICI BANK LTD - 25/03/2027

4.79%

Axis Bank Ltd - 13/01/2027

3.23%

HDFC BANK LTD. - 22/01/2027

3.23%

NABARD - 22/01/2027

3.23%

SMALL INDST. DEV. BANK OF INDIA - 29/01/2027

3.22%

SMALL INDST. DEV. BANK OF INDIA - 26/02/2027

3.21%

INDIAN BANK - 22/01/2027

1.61%

SMALL INDST. DEV. BANK OF INDIA - 04/02/2027

1.61%

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.

-8.3%26 Dec 2018 → 30 Apr 2019
Fell over 4 months, back to the old high on 06 May 2020 — 12 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

UTI Mutual Fund descends from the Unit Trust of India, which was effectively the whole Indian mutual fund industry from 1963 until private managers were allowed in. It was carved out as a SEBI-registered fund house in 2003, is listed on the exchanges, and is held by SBI, LIC, Bank of Baroda, PNB and T. Rowe Price rather than a single parent.

Launched

13 Nov 2002

Total AUM

₹3,92,691Cr+1.1% QoQ

Avg AUM · April - June 2026

Website

utimf.com

Fund Managers

AMAnurag MittalStart date not disclosed

Role

Executive Vice President & Head- Fixed Income

Education

B Com, MSc, B.Com from University of Delhi, Chartered Accountant

Experience

He is B.Com from holder from Institute of working with Bandhan had been associated with has total work

Funds managed (15)

All schemes Anurag Mittal 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

Anurag Mittal

UTI 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 UTI Banking & PSU Debt Fund?

As of 01 Oct 2026, the NAV of UTI Banking & PSU Debt Fund is ₹17.93 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has UTI Banking & PSU Debt Fund delivered?

UTI Banking & PSU Debt Fund has returned +6.05% over 1 year, +7.45% per year over 3 years, +7.55% per year over 5 years and +4.71% 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 UTI Banking & PSU Debt Fund?

UTI Banking & PSU Debt Fund charges an expense ratio of 0.24% 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 UTI Banking & PSU Debt Fund?

UTI Banking & PSU Debt Fund's largest holdings are CANARA BANK - 28/01/2027 (7.4%), UNION BANK OF INDIA - 19/01/2027 (6.5%), ICICI BANK LTD - 25/03/2027 (4.8%), NCD NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT (3.6%) and NCD AXIS BANK LTD. (3.6%). Holdings are disclosed monthly and change over time.

How risky is UTI Banking & PSU Debt Fund?

UTI Banking & PSU Debt Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.8% and its worst peak-to-trough fall in our sample was -8.3%. 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 1.20 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. UTI Banking & PSU Debt Fund's 1.20 means it has rewarded its volatility with excess return. Higher is better.

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

UTI 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 UTI Banking & PSU Debt Fund?

UTI Banking & PSU Debt Fund is managed by Anurag Mittal at UTI.

How is UTI Banking & PSU Debt Fund taxed?

UTI 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.