HealthyDirect · GrowthFit for a long SIP
Bajaj Finserv Banking and PSU Debt Fund
Bajaj Finserv Mutual FundIncome/Debt Oriented Schemes - Banking and PSU Debt Fund3 years
The scheme seeks to generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and / or any security unconditionally guaranteed by the Govt. of India.
- NAV
- 12.2944
- 5 Nov 2026
- 1Y
- +4.2%
- Trailing CAGR
- AUM
- ₹315.09 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.2% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 5 Nov 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 69% of rolling 1-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Watch
3.0 years - usable, still building a track record.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.35% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.8%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Pass
Nimesh Chandan · 3.0 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
Watch
Top 10 holdings ≈ 85.5% 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+4.2%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+7.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.6%
- 3Y+6.2%
- 5Yn/a
- 10Yn/a
- Since inception
- +7.1%
- Calendar-day CAGR
- Excess 1Y
- +0.2%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- +6.2%
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -0.8%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +51%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 5 days
- 78 recovered episodes
- Longest recovery
- 43 days
- Trough to prior peak
6 Jun 2025 – 22 Jul 2025
Trough 13 Jun 2025 · recovered in 39 days
-0.8%
2 Mar 2026 – 15 Apr 2026
Trough 6 Apr 2026 · recovered in 9 days
-0.7%
8 May 2026 – 5 Jun 2026
Trough 21 May 2026 · recovered in 15 days
-0.7%
5 Aug 2025 – 18 Sept 2025
Trough 26 Aug 2025 · recovered in 23 days
-0.5%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
32
Vs category
51
Consistency
69
Risk-adjusted
78
Drawdown
98
Mean
66
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 69% 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 · 18 holdings · top 10 are 85.5%.
- Top 5
- 51.1%
- Top 10
- 85.5%
- Largest holding
- 19.3%
- Effective holdings
- 11.0
Others CBLO
Unspecified
19.3%
RURAL ELECTRIFICATION CORPORATION LIMITED SERIES GOI-V 8.54 BD 15NV28 FVRS10LAC
Financial
8.1%
AXIS BANK LIMITED CD 15OCT26
Financial
7.9%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25C 7.44 BD 24FB28 FVRS1LAC
Financial
7.9%
POWER FINANCE CORPORATION LIMITED SR 246A 7.42 BD 15AP28 FVRS1LAC
Financial
7.9%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HSBC Banking and PSU Debt Fund
HSBC Mutual Fund
- 1Y
- +4.3%
- 3Y
- +6.8%
- Vol
- 1.0%
- Max DD
- -0.6%
- Sharpe
- 0.90
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Aditya Birla Sun Life Banking & PSU Debt Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +4.0%
- 3Y
- +6.9%
- Vol
- 1.6%
- Max DD
- -3.0%
- Sharpe
- 1.39
- 3Y win
- +84%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Edelweiss Banking and PSU Debt Fund
Edelweiss Mutual Fund
- 1Y
- +4.2%
- 3Y
- +7.1%
- Vol
- 2.6%
- Max DD
- -4.3%
- Sharpe
- 0.58
- 3Y win
- +79%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
ICICI Prudential Banking and PSU Debt Fund
ICICI Prudential Mutual Fund
- 1Y
- +5.0%
- 3Y
- +7.1%
- Vol
- 1.7%
- Max DD
- -2.9%
- Sharpe
- 1.25
- 3Y win
- +76%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
LIC MF Banking & PSU Debt Fund
LIC Mutual Fund
- 1Y
- +4.6%
- 3Y
- +7.2%
- Vol
- 1.2%
- Max DD
- -2.8%
- Sharpe
- 1.27
- 3Y win
- +33%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown