HealthyDirect · GrowthFit for a long SIP
SBI BANKING & PSU DEBT FUND
SBI Mutual FundIncome/Debt Oriented Schemes - Banking and PSU Debt Fund13 years
The scheme seeks to generate regular income through a judicious mix of portfolio comprising predominantly debt and money market securities of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal bodies.
- NAV
- 3,538.4936
- 29 Oct 2026
- 1Y
- +4.3%
- Trailing CAGR
- AUM
- ₹3,512.09 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.4% 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
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 57% of rolling 1-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Pass
13.0 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.41% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -3.2%. Ask whether you can hold through a similar fall.
Vs category
Watch
50% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Ardhendu Bhattacharya · 2.9 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 ≈ 52.9% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
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+4.3%
- 3Y+7.1%
- 5Y+6.1%
- 10Y+7.1%
- SI+7.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.6%
- 3Y+6.2%
- 5Y+6.6%
- 10Y+6.7%
- Since inception
- +7.6%
- Calendar-day CAGR
- Excess 1Y
- +0.5%
- Category median, same plan and option
- 3Y win rate
- +50%
- Windows beating the median
- 3Y percentile
- 85
- Vs comparable share classes
- SIP 3Y XIRR
- +6.2%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.3%
- 2418 daily-ending windows
- Median rolling 3Y
- +7.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1934 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -3.2%
- Worst peak-to-trough
- Current
- -0.0%
- Below last peak
- Current spell
- 16 days
- Days below latest peak
- Time below peak
- +36%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 269 recovered episodes
- Longest recovery
- 85 days
- Trough to prior peak
6 Mar 2020 – 20 Apr 2020
Trough 23 Mar 2020 · recovered in 28 days
-3.2%
8 Jan 2021 – 27 Apr 2021
Trough 17 Mar 2021 · recovered in 41 days
-1.5%
5 Aug 2020 – 7 Oct 2020
Trough 28 Aug 2020 · recovered in 40 days
-1.2%
5 Apr 2022 – 2 Aug 2022
Trough 9 May 2022 · recovered in 85 days
-1.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
85
Vs category
53
Consistency
53
Risk-adjusted
89
Drawdown
92
Mean
74
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 57% of rolling 1-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 42 holdings · top 10 are 52.9%.
- Top 5
- 33.2%
- Top 10
- 52.9%
- Largest holding
- 12.4%
- Effective holdings
- 22.4
Repo
Unspecified
12.4%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 11JUN27
Financial
5.4%
CANARA BANK CD 28JUN27
Financial
5.4%
ONGC PETRO ADDITIONS LIMITED SR XII 8.29 NCD 25JN27 FVRS1LAC
Energy & Utilities
5.0%
GAIL (INDIA) LIMITED SR I 7.34 LOA 20DC27 FVRS10LAC
Energy & Utilities
5.0%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bajaj Finserv Banking and PSU Debt Fund
Bajaj Finserv Mutual Fund
- 1Y
- +3.8%
- 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
- Lower TER
Caveat: Lower trailing returns
LIC MF Banking & PSU Debt Fund
LIC Mutual Fund
- 1Y
- +4.2%
- 3Y
- +7.1%
- Vol
- 1.2%
- Max DD
- -2.8%
- Sharpe
- 1.21
- 3Y win
- +32%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Sundaram Banking and PSU Debt Fund (Formerly Known as Sundaram Banking and PSU Fund)
Sundaram Mutual Fund
- 1Y
- +9.1%
- 3Y
- n/a
- Vol
- 1.3%
- Max DD
- -0.5%
- Sharpe
- 1.83
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
ICICI Prudential Banking and PSU Debt Fund
ICICI Prudential Mutual Fund
- 1Y
- +4.1%
- 3Y
- +6.9%
- Vol
- 1.7%
- Max DD
- -2.9%
- Sharpe
- 1.19
- 3Y win
- +76%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Lower trailing returns
UTI Banking & PSU Debt Fund
UTI Mutual Fund
- 1Y
- +5.7%
- 3Y
- +7.5%
- Vol
- 3.0%
- Max DD
- -6.7%
- Sharpe
- 0.44
- 3Y win
- +61%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown