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Best Banking and PSU mutual funds

20 funds in this category, ranked by 3-year rolling CAGR.

#Fund3Y CAGRAMCAUM
#1Aditya Birla Sun Life Banking & PSU Debt Fund-8.1%Aditya Birla Sun Life AMC Limited₹8,376.963 Cr
#2Kotak Banking and PSU Debt Direct8.0%Kotak Mahindra Asset Management Company Limited.₹4,702.909 Cr
#3ICICI Prudential Banking and PSU Debt Fund8.0%ICICI Prudential Asset Management Company Limited₹8,088.196 Cr
#4SBI BANKING & PSU DEBT FUND7.9%SBI Funds Management Limited₹7,300.416 Cr
#5Axis Banking & PSU Debt Fund7.9%Axis Asset Management Co. Ltd.₹11,903.145 Cr
#6HDFC Banking and PSU Debt Fund7.9%HDFC Asset Management Company Limited₹5,065.458 Cr
#7Franklin India Banking & PSU Debt Fund7.7%Franklin Templeton Asset Management (India) Private Limited₹561.18 Cr
#8LIC MF Banking & PSU Debt Fund-7.7%LIC Mutual Fund Asset Management Limited₹1,593.582 Cr
#9DSP Banking and PSU Debt Fund7.7%DSP Asset Managers Private Limited₹2,576.133 Cr
#10Edelweiss Banking and PSU Debt Fund7.7%Edelweiss Asset Management Limited₹3,134.762 Cr
#11Nippon India Banking and PSU DEBT Fund-7.7%Nippon Life India Asset Management Limited₹5,014.262 Cr
#12Bandhan Banking and PSU Debt Fund7.5%Bandhan AMC Limited₹11,810.73 Cr
#13UTI Banking & PSU Debt Fund7.4%UTI Asset Mgmt. Co. Ltd.₹1,439.281 Cr
#14Invesco India Banking and PSU Debt Fund7.4%Invesco Asset Management (India) Private Limited₹78.33 Cr
#15Sundaram Banking and PSU Debt Fund7.3%Sundaram Asset Management Company Ltd₹256.04 Cr
#16HSBC Banking and PSU Debt Fund7.1%HSBC Asset Management (India) Private Ltd.₹3,688.157 Cr
#17Canara Robeco Banking and PSU Debt Fund-7.0%Canara Robeco Asset Management Company Limited₹157.217 Cr
#18ITI Banking & PSU Debt Fund6.9%ITI Asset Management Limited₹26.43 Cr
#19Mirae Asset Banking and PSU Debt Fund6.3%Mirae Asset Investment Managers (India) Pvt. Ltd₹38.281 Cr

Not yet ranked

1 fund too recently launched for a full 3-year CAGR - listed for reference, not ranked.

Punji tracks 20 Banking and PSU Fund funds from 0 AMCs, together managing roughly ₹76,117.091 Cr in assets. Across the 19 funds with a full 3-year track record, the average 3-year rolling CAGR is 7.5%. Aditya Birla Sun Life Banking & PSU Debt Fund- leads the category at 8.1% 3Y CAGR.

Figures here are computed directly from each fund's own NAV history and AUM - not survivor-biased averages from a fact sheet - so a fund that merged, closed, or changed category drops out of the comparison rather than skewing it. Click any fund in the table for its full return history, expense ratio, holdings, and risk profile, or jump to a specific AMC's Banking and PSU Fund funds below.

Banking and PSU Fund is one of the standardized scheme categories SEBI mandated in its 2017 product categorization circular, so every AMC's Banking and PSU Fund fund follows the same investment-mandate rules - the same broad universe of permitted holdings, the same category-level restrictions - which is what makes a ranking across 0 different AMCs a genuine like-for-like comparison rather than an apples-to-oranges one. A fund's position here moves as new NAV data comes in or as AMCs launch or close schemes in the category, so treat it as a point-in-time snapshot, not a fixed league table.

Category alone doesn't tell you a fund's risk level or whether it's the right fit for your own time horizon - two Banking and PSU Fund funds can take meaningfully different approaches within the same mandate (concentration, turnover, credit quality for debt categories) and end up with very different risk profiles despite sharing a label. Use the Riskometer rating and risk metrics (Sharpe Ratio, Max Drawdown, Standard Deviation) shown on each fund's own page alongside this category-level ranking, not instead of it.