MonitorDirect · GrowthWatch before adding
HDFC Banking and PSU Debt Fund
HDFC Mutual FundDebt Scheme - Banking and PSU Fund12.6 years
The scheme seeks to generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks (SCBs), Public Sector undertakings (PSUs), Public Financial Institutions (PFIs), Municipal Corporations and such other bodies.
- NAV
- 25.3418
- 29 Oct 2026
- 1Y
- +3.4%
- Trailing CAGR
- AUM
- ₹5,055.46 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 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 57% of rolling 1-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer ITI Banking & PSU Debt Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
12.6 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.35% 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
Watch
48% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Dhruv Muchhal · 3.4 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 ≈ 29.2% 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+3.4%
- 3Y+6.7%
- 5Y+6.1%
- 10Y+7.0%
- SI+7.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+2.9%
- 3Y+5.6%
- 5Y+6.2%
- 10Y+6.7%
- Since inception
- +7.7%
- Calendar-day CAGR
- Excess 1Y
- -0.6%
- Category median, same plan and option
- 3Y win rate
- +48%
- Windows beating the median
- 3Y percentile
- 0
- Vs comparable share classes
- SIP 3Y XIRR
- +5.6%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.9%
- 2324 daily-ending windows
- Median rolling 3Y
- +7.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1841 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
- -0.9%
- Below last peak
- Current spell
- 76 days
- Days below latest peak
- Time below peak
- +43%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 5 days
- 274 recovered episodes
- Longest recovery
- 64 days
- Trough to prior peak
6 Mar 2020 – 20 Apr 2020
Trough 24 Mar 2020 · recovered in 27 days
-3.1%
9 Apr 2018 – 17 Jul 2018
Trough 17 May 2018 · recovered in 61 days
-1.7%
23 Apr 2020 – 8 May 2020
Trough 28 Apr 2020 · recovered in 10 days
-1.3%
5 Dec 2016 – 4 Jan 2017
Trough 28 Dec 2016 · recovered in 7 days
-1.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
0
Vs category
46
Consistency
52
Risk-adjusted
81
Drawdown
92
Mean
54
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
- The fund beat the category median in 57% of rolling 1-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 104 holdings · top 10 are 29.2%.
- Top 5
- 17.4%
- Top 10
- 29.2%
- Largest holding
- 5.4%
- Effective holdings
- 59.6
INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 178 7.46 BD 18JU29 FVRS1LAC
Financial
5.4%
Net Current Assets
Unspecified
3.1%
BAJAJ HOUSING FINANCE LIMITED 8.10 NCD 08JL27 FVRS1LAC
Financial
3.0%
REC LIMITED SR 216A 7.55 BD 31MR28 FVRS10LAC
Financial
3.0%
INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 175 7.57 BD 18AP29 FVRS1LAC
Financial
3.0%
What changed
DECISION
Status moved from HEALTHY to MONITOR.
15 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
ITI Banking & PSU Debt Fund
ITI Mutual Fund
- 1Y
- +4.0%
- 3Y
- +6.8%
- Vol
- 0.8%
- Max DD
- -1.1%
- Sharpe
- 0.20
- 3Y win
- +48%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Kotak Banking and PSU Debt Fund
Kotak Mahindra Mutual Fund
- 1Y
- +4.0%
- 3Y
- +7.0%
- Vol
- 1.5%
- Max DD
- -2.8%
- Sharpe
- 1.35
- 3Y win
- +82%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Aditya Birla Sun Life Banking & PSU Debt Fund - Retail Plan
Aditya Birla Sun Life Mutual Fund
- 1Y
- +4.5%
- 3Y
- +6.8%
- Vol
- n/a
- Max DD
- -3.1%
- Sharpe
- n/a
- 3Y win
- n/a
- Shallower drawdown
- Higher trailing returns
Franklin India Banking & PSU Debt Fund
Franklin Templeton Mutual Fund
- 1Y
- +5.4%
- 3Y
- +7.3%
- Vol
- 1.7%
- Max DD
- -3.6%
- Sharpe
- 1.07
- 3Y win
- +31%
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown