MonitorDirect · GrowthWatch before adding
DSP Banking and PSU Debt Fund
DSP Mutual FundIncome/Debt Oriented Schemes - Banking and PSU Debt Fund13.1 years
The Scheme seeks to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/undertakings.
- NAV
- 26.1729
- 30 Oct 2026
- 1Y
- +3.0%
- Trailing CAGR
- AUM
- ₹2,589.89 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.6% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Axis Banking and PSU Debt Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.1 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.34% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -3.1%. Ask whether you can hold through a similar fall.
Vs category
Fail
37% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Sandeep Yadav · 2.3 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 40.3% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+3.0%
- 3Y+6.6%
- 5Y+5.9%
- 10Y+6.7%
- SI+7.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+2.6%
- 3Y+5.2%
- 5Y+6.0%
- 10Y+6.4%
- Since inception
- +7.6%
- Calendar-day CAGR
- Excess 1Y
- -0.9%
- Category median, same plan and option
- 3Y win rate
- +37%
- Windows beating the median
- 3Y percentile
- 8
- Vs comparable share classes
- SIP 3Y XIRR
- +5.2%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.4%
- 2460 daily-ending windows
- Median rolling 3Y
- +7.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1973 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -3.1%
- Worst peak-to-trough
- Current
- -1.1%
- Below last peak
- Current spell
- 77 days
- Days below latest peak
- Time below peak
- +51%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 5 days
- 319 recovered episodes
- Longest recovery
- 58 days
- Trough to prior peak
9 Mar 2020 – 31 Mar 2020
Trough 23 Mar 2020 · recovered in 8 days
-3.1%
14 Aug 2026 – open
Trough 28 Oct 2026 · not recovered
-1.2%
8 Jan 2021 – 5 Apr 2021
Trough 9 Feb 2021 · recovered in 55 days
-1.1%
9 Apr 2018 – 4 Jul 2018
Trough 17 May 2018 · recovered in 48 days
-1.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
8
Vs category
44
Consistency
42
Risk-adjusted
79
Drawdown
92
Mean
53
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 45 holdings · top 10 are 40.3%.
- Top 5
- 21.7%
- Top 10
- 40.3%
- Largest holding
- 5.0%
- Effective holdings
- 34.5
HDFC BANK LIMITED SR US003 7.70 NCD 16MY28 FVRS1LAC
Financial
5.0%
UNION BANK OF INDIA CD 15JUN27
Financial
4.6%
BHARTI TELECOM LIMITED SR XXV 7.35 NCD 15OT27 FVRS1LAC
Technology
4.1%
GAIL (INDIA) LIMITED SR I 7.34 LOA 20DC27 FVRS10LAC
Energy & Utilities
4.1%
BHARTI TELECOM LIMITED SR XXVI 7.45 NCD 15DC28 FVRS1LAC
Technology
4.0%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Banking and PSU Debt Fund
Axis Mutual Fund
- 1Y
- +3.9%
- 3Y
- +6.7%
- Vol
- 1.3%
- Max DD
- -2.8%
- Sharpe
- 1.28
- 3Y win
- +37%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Aditya Birla Sun Life Banking & PSU Debt Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +3.5%
- 3Y
- +6.7%
- Vol
- 1.6%
- Max DD
- -3.0%
- Sharpe
- 1.35
- 3Y win
- +84%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
Bajaj Finserv Banking and PSU Debt Fund
Bajaj Finserv Mutual Fund
- 1Y
- +3.9%
- 3Y
- n/a
- Vol
- 1.2%
- Max DD
- -0.8%
- Sharpe
- 0.91
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
Bandhan Banking and PSU Debt Fund
Bandhan Mutual Fund
- 1Y
- +5.0%
- 3Y
- +7.0%
- Vol
- 1.5%
- Max DD
- -3.3%
- Sharpe
- 1.15
- 3Y win
- +48%
- Lower volatility
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
HSBC Banking and PSU Debt Fund
HSBC Mutual Fund
- 1Y
- +3.8%
- 3Y
- +6.7%
- Vol
- 1.0%
- Max DD
- -0.6%
- Sharpe
- 0.73
- 3Y win
- +0%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns