Home>Mutual Funds>Aditya Birla Sun Life Mutual Fund>Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
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| NAV: 28 Jan 2022 | ₹41.79 |
| Min. SIP amount | ₹1,000 |
| Rating | 3 |
| Fund size | ₹2,102.53Cr |
Returns and rankings
Category: Equity Sectoral / Thematic
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 28.3% | 15.8% | 13.8% | 19.2% |
| Category average | 56.1% | 9.1% | 12.0% | NA |
| Rank with in category | 3 | 6 | 6 | NA |
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Holdings (33)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
ICICI Bank Ltd. | Financial | Equity | 14.6% |
HDFC Bank Ltd. | Financial | Equity | 14.4% |
State Bank of India | Financial | Equity | 8.7% |
Bajaj Finance Ltd. | Financial | Equity | 7.0% |
SBI Life Insurance Company Ltd. | Financial | Equity | 4.8% |
Axis Bank Ltd. | Financial | Equity | 4.7% |
Bajaj Finserv Ltd. | Financial | Equity | 4.6% |
Bank Of Baroda | Financial | Equity | 3.5% |
Kotak Mahindra Bank Ltd. | Financial | Equity | 3.3% |
Poonawalla Fincorp Ltd. | Financial | Equity | 3.1% |
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Pros and cons
Category: Equity Sectoral / Thematic
Pros
3Y and 5Y annualised returns higher than category average
Higher alpha: 1.88
The fund has generated returns higher than benchmark - NIFTY Financial Services TRI - in the last 3Y
Lower expense ratio: 1.23%
1Y category rank: 3
Cons
1Y annualised returns lower than category average by 33.27%
Expense ratio, exit load and tax
Expense ratio: 1.23%
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.
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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
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Fund house & investment objective
Fund house contact details
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