Lending to banks and government companies. At least 80% in debt of banks, public sector undertakings and public financial institutions. Called Banking and PSU until SEBI renamed the debt categories in 2026.
Ranked by three-year return; funds without that figure at the end
Ranked by three-year return, the top three are UTI Banking & PSU Debt Fund (+7.2% a year), Franklin India Banking & PSU Debt Fund (+7.0% a year) and Edelweiss Banking and PSU Debt Fund (+6.7% a year). Past returns do not tell you future returns.
| +5.5% | +7.2% | +7.5% | 1/19 | 0.46% | ₹1,441 cr | |
Franklin India Banking & PSU Debt Fund Franklin Templeton | +4.9% | +7.0% | +6.1% | 2/19 | 0.49% | ₹562 cr |
Edelweiss Banking and PSU Debt Fund Edelweiss | +3.7% | +6.7% | +5.7% | 3/19 | 0.73% | ₹3,145 cr |
| +3.9% | +6.7% | +5.8% | 4/19 | 0.42% | ₹256 cr | |
| +4.8% | +6.7% | +5.9% | 5/19 | 0.68% | ₹11,857 cr | |
Kotak Banking and PSU Debt Fund Kotak Mahindra | +3.8% | +6.6% | +5.9% | 6/19 | 0.75% | ₹4,676 cr |
| +3.9% | +6.6% | +5.7% | 7/19 | 0.65% | ₹1,594 cr | |
| +4.0% | +6.6% | +5.7% | 8/19 | 0.78% | ₹7,251 cr | |
ICICI Prudential Banking and PSU Debt Fund ICICI Prudential | +4.0% | +6.6% | +6.1% | 9/19 | 0.74% | ₹8,099 cr |
| +3.5% | +6.6% | +5.2% | 10/19 | 0.63% | ₹78 cr | |
Nippon India Banking and PSU Debt Fund Nippon India | +3.4% | +6.5% | +5.7% | 11/19 | 0.78% | ₹4,899 cr |
| +3.7% | +6.4% | +5.8% | 12/19 | 0.65% | ₹11,830 cr | |
Aditya Birla Sun Life Banking & PSU Debt Fund Aditya Birla Sun Life | +3.2% | +6.4% | +5.8% | 13/19 | 0.75% | ₹8,348 cr |
| +3.2% | +6.4% | +5.7% | 14/19 | 0.68% | ₹5,064 cr | |
| +2.8% | +6.3% | +5.6% | 15/19 | 0.58% | ₹2,496 cr | |
| +3.6% | +6.3% | — | 16/19 | 0.61% | ₹3,704 cr | |
| +3.6% | +6.2% | +5.7% | 17/19 | 0.75% | ₹26 cr | |
Mirae Asset Banking and PSU Debt Fund Mirae Asset | +3.1% | +6.2% | +5.4% | 18/19 | 0.82% | ₹38 cr |
Canara Robeco Banking and PSU Debt Fund Canara Robeco | +3.0% | +6.0% | — | 19/19 | 0.70% | ₹157 cr |
Bajaj Finserv Banking and PSU Debt Fund Bajaj Finserv | +3.3% | — | — | — | 0.89% | ₹305 cr |
Answered from the figures above, updated every business day
20 funds, managing ₹75,829 cr between them as of 3 Nov 2026. The largest is Bandhan Banking and PSU Debt Fund, at ₹11,857 cr.
The average Banking and PSU Debt fund returned +3.8% over the last year, +6.5% a year over three years, +5.8% a year over five years. Over the last year the funds ranged from +2.8% to +5.5%. Past returns do not tell you future returns.
Sundaram Banking and PSU Debt Fund, at 0.42% a year, against 0.69% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.
UTI Banking & PSU Debt Fund, at +7.2% a year over the last three years, against +6.5% for the average fund. Past returns do not tell you future returns.
Their volatility over the last year averaged 1.3%: the higher it is, the more the price swings from day to day. 14 of 20 carry the riskometer level Moderate, on SEBI's six-step scale from Low to Very High.
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NAV, expense ratio and fund disclosures as published by AMFI and the fund houses; prices as of 3 Nov 2026. Figures are computed independently and may differ from a fund house's own factsheet.
DiscoverMF is an information and analytics service. Nothing here is investment advice, a recommendation, or an offer to buy or sell any scheme. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance does not indicate future returns.