# Sundaram Banking and PSU Debt Fund

Sundaram Asset Management Company Ltd · Banking and PSU Debt · Regular plan, Growth

Full page with charts: https://discovermf.com/funds/sundaram-banking-and-psu-debt-fund-100784
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

## In short

- **What it invests in:** Lending to banks and government companies. Its latest portfolio: 89% shares and 10% cash.
- **₹10,000 a month:** For the last 5 years: ₹6 lakh put in, worth ₹7.01 lakh on 3 Nov 2026.
- **Next to similar funds:** Over the last 3 years it earned 6.7% a year; similar funds earned 6.5% a year on average.
- **How bumpy:** Low to moderate: small ups and downs. It made money in 100 of every 100 one-year stretches.
- **Expense ratio:** 0.42% a year. Similar funds: 0.69% on average.
- **Fees and minimums:** A SIP from ₹1,000 a month. No fee for selling early.

Past returns do not tell you future returns.

## Key facts

- **NAV:** ₹45.75 on 3 Nov 2026
- **Fund size:** ₹256 cr (2 Nov 2026)
- **Expense ratio:** 0.42% a year (typical in its category 0.69%)
- **Riskometer:** Low to Moderate
- **Benchmark:** NIFTY Banking & PSU Debt Index A-II
- **Category:** [Banking and PSU Debt](https://discovermf.com/categories/banking-and-psu-debt.md)
- **Fund house:** [Sundaram Asset Management Company Ltd](https://discovermf.com/fund-houses/sundaram)
- **Launched:** 29 Dec 2004 (prices here start 3 Apr 2006)
- **Exit load:** Nil
- **Minimum investment:** ₹5,000 to start, ₹1,000 a month by SIP
- **AMFI scheme code:** 100784

## Returns

| Period | Fund | Category average | Benchmark | Rank in category |
| --- | --- | --- | --- | --- |
| 1 month | +0.0% | — | — | — |
| 3 months | +0.2% | — | — | — |
| 6 months | +2.3% | — | — | — |
| 1 year | +3.9% | +3.8% | +3.7% | 7 of 20 |
| 3 years (a year) | +6.7% | +6.5% | +6.4% | 4 of 19 |
| 5 years (a year) | +5.8% | +5.8% | +5.6% | 6 of 17 |
| Since 3 Apr 2006 (a year) | +7.3% | — | — | — |

### Calendar years

| Year | Fund | Benchmark |
| --- | --- | --- |
| 2026 | +3.3% | — |
| 2025 | +7.6% | — |
| 2024 | +8.0% | — |
| 2023 | +6.8% | — |
| 2022 | +3.0% | — |
| 2021 | +2.9% | — |
| 2020 | +7.6% | — |
| 2019 | +10.1% | — |
| 2018 | +6.1% | — |
| 2017 | +6.2% | — |

### A ₹10,000 monthly SIP

On the first price of each month, valued at the NAV of 3 Nov 2026.

| Started | Put in | Worth | Yearly return (XIRR) |
| --- | --- | --- | --- |
| 3 years ago | ₹3.6 lakh | ₹3.93 lakh | +5.7% |
| 5 years ago | ₹6 lakh | ₹7.01 lakh | +6.2% |
| 10 years ago | ₹12 lakh | ₹16.37 lakh | +6.0% |

## Risk

| Measure | Fund | Category average |
| --- | --- | --- |
| Volatility, last year | 1.2% | 1.3% |
| Worst fall, last year | -0.5% | — |
| Worst fall, last 3 years | -0.5% | — |
| Sharpe ratio, 3 years | 0.75 | — |
| Sortino ratio, 3 years | 1.13 | — |
| Beta, 3 years | — | — |
| Alpha, 3 years | — | — |

## Portfolio, September 2026

28 holdings. Equity 89.3%, Debt 0.5%, Cash and equivalents 10.1%.

### Largest holdings

| Holding | Sector or type | Weight |
| --- | --- | --- |
| HDFC Bank Ltd - 7.7% - 16/05/2028 | Equity | 9.67% |
| National Housing Bank - 7.59% - 14/07/2027 | Equity | 7.76% |
| Export Import Bank of India - 7.35% - 27/07/2028 | Equity | 7.73% |
| Cash and Other Net Current Assets | Cash | 6.06% |
| Indian Oil Corporation Ltd - 7.44% - 25/11/2027 | Equity | 5.82% |
| TREPS | Cash | 4.06% |
| National Bank for Agriculture & Rural Development - 7.53% - 24/03/2028 | Equity | 3.86% |
| Power Finance Corporation Ltd - 6.73% - 15/10/2027 | Equity | 3.85% |
| Indian Railway Finance Corporation Ltd - 7.37% - 31/07/2029 | Equity | 3.85% |
| Power Finance Corporation Ltd - 6.96% - 02/03/2028 | Equity | 3.84% |

## Managers

- [Sandeep Agarwal](https://discovermf.com/fund-managers/sandeep-agarwal)
- [Kumaresh Ramakrishnan](https://discovermf.com/fund-managers/kumaresh-ramakrishnan)
- [Ronak Shah](https://discovermf.com/fund-managers/ronak-shah)

## Objective

To generate income and capital appreciation by predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. No Guarantee: Investors are neither being offered any guaranteed/indicated returns nor any guarantee on repayment of capital by the Scheme. There is also no guarantee of capital or return either by the mutual fund or by the sponsor or by the Asset management Company.