Fund Details
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
| Risk | High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.23% |
| NAV | ₹31.44 (25 Nov 2020) |
|---|---|
| Fund Started | 14 Dec 2013 |
| Fund Size | ₹1,563 Cr |
Returns
as per Historical Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
1. Risk-adjusted returns are lower compared to the category
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 14.0% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 11.3% |
| HDFC Bank Ltd. | Financial | Equity | 10.8% |
| Bajaj Finance Ltd. | Financial | Equity | 7.7% |
| Axis Bank Ltd. | Financial | Equity | 7.0% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 6.2% |
| Bajaj Finserv Ltd. | Financial | Equity | 4.5% |
| Bandhan Bank Ltd. | Financial | Equity | 4.4% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 4.4% |
| Repco Home Finance Ltd. | Financial | Equity | 2.9% |
Fund Managers
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth Details
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fund. This scheme was made available to investors on 14 Dec 2013. Satyabrata Mohanty, Dhaval Gala is the Current Fund Manager of Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,563 Cr and the Latest NAV as of 25 Nov 2020 is ₹31.44.
The Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is rated High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 1000. Exit load of 1% if redeemed within 30 days.
Investment Objective
The scheme aims to maximize long term capital appreciation by investing primarily in equity & equity related securities of companies engaged in banking & financial services. The scheme would invest in banks as well as NBFC's, insurance companies, rating agencies, broking companies, etc.
Tax Implications
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.
