Axis Banking & PSU Debt Fund vs ICICI Prudential Banking and PSU Debt Fund
Updated June 2026 · both Banking and PSU funds · metrics from AMFI NAVs
In short: ICICI Prudential Banking and PSU Debt Fund has the higher 3-year return (+7.45%); Axis Banking & PSU Debt Fund has the lower expense ratio (0.35%); ICICI Prudential Banking and PSU Debt Fund has the better risk-adjusted return (Sharpe -0.57). This is analysis from past data, not a recommendation.
| Metric | Axis Banking & PSU Debt Fund | ICICI Prudential Banking and PSU Debt Fund |
|---|---|---|
| 1Y return | +4.86% | +5.24% |
| 3Y CAGR | +7.06% | +7.45% |
| 5Y CAGR | +6.11% | +6.66% |
| Sharpe ratio | -1.10 | -0.57 |
| Max drawdown | -0.5% | -0.7% |
| Volatility | 1.1% | 1.1% |
| Alpha | +0.09% | +0.43% |
| Expense ratio (Direct) | 0.35% | 0.39% |
| AUM | ₹13.0K Cr | ₹9.5K Cr |
Winner on each row highlighted (lower is better for expense ratio and volatility; max drawdown closer to zero is better). Computed from AMFI NAVs - see methodology. No paid placement.
FAQ
Which has the lower expense ratio?
Axis Banking & PSU Debt Fund has the lower Direct-plan expense ratio (0.35%), versus 0.39% for the other. Over long horizons a lower TER compounds into a meaningful difference.
Which has performed better over 3 years?
ICICI Prudential Banking and PSU Debt Fund has the higher 3-year CAGR (+7.45%). Past performance does not predict future returns - check volatility and drawdown too, shown above.
How are these figures calculated?
All returns, risk metrics and alpha are computed independently from AMFI daily NAVs using a disclosed methodology. FindMF takes no commission and this comparison is not a recommendation.