July 14, 2026
mayank
Aditya Birla (ABSL) Banking & PSU Debt Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 402.97 |
| NAV IDCW (Rs.) | 106.7 |
| Monthly NAV IDCW (Rs.) | 117.47 |
| Quarterly NAV IDCW (Rs.) | 104.73 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 1,000 |
| Min. No of Cheques | 6 |
| Benchmark | Nifty Banking & PSU Debt Index A-II |
| AUM Rs. | 8,963 Cr |
| (As on 30-Jun-2026) | |
| Expense | 0.33% |
| 1 Year Return (%) | 5.18 |
| 3 Year Return (%) | 7.31 |
| 5 Year Return (%) | 6.43 |
| 10 Year Return (%) | 7.41 |
| Return Since Launch | 8.27% |
Suitable For Which Investors?
Banking and PSU funds are suitable for:
1. Debt allocation in your long-term portfolio
2. Earning marginally higher returns than fixed deposits, with low-to-moderate volatility and flexibility to redeem anytime
3. Investment horizon of 2-3 years
Note:
• Unlike FD, there is no guarantee of returns
• Not suitable for long-term wealth creation
Fund’s Investment Strategy:
The scheme seeks to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector undertakings (PSUs) and Public Financial Institutions (PFIs) in India.
Fund Manager:
1) Harshil Suvarnkar
Education: Mr. Suvarnkar has doneB.Com, Masters in Management Studies (Finance) and Post Graduate Diploma in Securities Law.
Experience: Prior to Joining Aditya Birla Sun Life MF, he has worked with Indiabulls Housing Finance Limited,
2) Kaustubh Gupta
Education: Mr. Gupta is a B.Com and a Chartered Accountant.
Experience: Prior to joining Aditya Birla Sun Life AMC he has worked with ICICI Bank.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Aditya Birla (ABSL) Banking & PSU Debt Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.27% |
| Benchmark | Nifty Banking & PSU Debt Index A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | 8,963 Cr |
| (As on 30-Jun-2026) | |
| Expense | 0.33% |
| (As on 30-Jun-2026) | |
| Risk Grade | Average |
| Return Grade | Average |
Aditya Birla (ABSL) Banking & PSU Debt Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Banking & PSU Debt Dir | 2.91 | 0.01 | 0.96 | 2.00 | 3.03 | 5.18 | 7.31 | 6.43 | 6.98 | 7.41 |
| Debt: Banking and PSU | 3.00 | 0.02 | 0.92 | 2.05 | 3.05 | 5.35 | 7.30 | 6.39 | 6.89 | 7.28 |
| Rank within category | 13 | 17 | 6 | 14 | 12 | 16 | 10 | 8 | 8 | 6 |
| Number of funds in category | 20 | 20 | 20 | 20 | 20 | 20 | 19 | 18 | 16 | 13 |
Peer Comparison of Aditya Birla (ABSL) Banking & PSU Debt Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| ABSL Banking & PSU Debt Dir | 3 out of 5 stars | 5.18 | 7.31 | 6.43 | 0.33 | 8,963 | 8.27 | — | 13Y 6M |
| Bandhan Banking and PSU Dir | 4 out of 5 stars | 5.82 | 7.29 | 6.33 | 0.30 | 12,172 | 7.71 | — | 13Y 4M |
| ICICI Pru Banking & PSU Debt Dir | 4 out of 5 stars | 5.91 | 7.60 | 6.89 | 0.33 | 8,823 | 8.08 | — | 13Y 6M |
| UTI Banking & PSU Dir | 5 out of 5 stars | 5.73 | 7.32 | 7.65 | 0.18 | 1,101 | 7.19 | — | 12Y 5M |
| Franklin India Banking & PSU Debt Dir | 5 out of 5 stars | 6.21 | 7.54 | 6.46 | 0.18 | 584 | 7.80 | — | 12Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 203 | 77 |
| Macaulay Duration (yrs) | 2.73 | 2.41 |
| Average Maturity (yrs) | 3.80 | 3.25 |
| Yield to Maturity (%) | 7.73 | 7.62 |
| Avg Credit Rating | AAA | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
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