Aditya Birla Sun Life Banking & Financial Services Fund Direct IDCW

Equity
Sectoral / Thematic
Very High Risk
11.57%
3Y annualised
+2.27% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 30 Sep 2022₹24.36
Min. SIP amount₹1,000
Rating3
Fund size₹2,434.37Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity Sectoral / Thematic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns-1.4%11.6%8.2%17.7%
Category average2.6%9.4%7.6%NA
Rank with in category1349NA
Understand terms

Holdings (34)

NameSectorInstrumentAssets
ICICI Bank Ltd.FinancialEquity17.2%
HDFC Bank Ltd.FinancialEquity13.3%
State Bank of IndiaFinancialEquity7.5%
Axis Bank Ltd.FinancialEquity7.0%
Bajaj Finance Ltd.FinancialEquity6.3%
Bank Of BarodaFinancialEquity4.0%
Poonawalla Fincorp Ltd.FinancialEquity3.8%
Housing Development Finance Corpn. Ltd.FinancialEquity3.8%
SBI Life Insurance Company Ltd.InsuranceEquity3.6%
Bandhan Bank Ltd.FinancialEquity3.4%
See All

Pros and cons

Category: Equity Sectoral / Thematic

Pros

Cons

Lower expense ratio: 1.15%
1Y annualised returns lower than category average by 4.01%
3Y and 5Y annualised returns higher than category average

Expense ratio, exit load and tax

Expense ratio: 1.15%

Inclusive of GST

Exit load

Exit load of 1% if redeemed within 30 days.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹1,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Dhaval Gala
Aug 2015 - Present
View details

Education
Mr. Gala has done BMS from Mithibai College and PGDBM-Finance from N.L.Dalmia Institute of Management Studies & Research.
Experience
Prior to joining Aditya Birla Sun Life Mutual Fund, he has worked with B&K Securities( January 2008- February 2011) and J.P.Morgan Chase India Private Ltd ( May 2005-July 2006).
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
One India Bulls Center - Tower 1,17th Floor - Jupiter Mills Compound,841 Senapati Bhawan, Elphinstone Road, Mumbai 400013
Phone
022-43568000 / 1800-270-7000 / 1800-22-7000
Launch Date
23 Dec 1994
E-mail
NA
Website
NA
Aditya Birla Sun Life Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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