Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth

Equity
Sectoral / Thematic
Very High Risk
15.41%
3Y annualised
+1.73% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 23 May 2024₹58.16
Min. SIP amount₹100
Rating3
Fund size₹3,177.63Cr

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 returns24.5%15.4%13.0%18.4%
Category average23.5%15.9%12.7%NA
Rank with in category977NA
Understand terms

Holdings (34)

NameSectorInstrumentAssets
FinancialEquity18.08%
FinancialEquity16.44%
FinancialEquity7.44%
FinancialEquity6.11%
FinancialEquity5.53%
FinancialEquity3.74%
FinancialEquity3.68%
FinancialEquity3.43%
FinancialEquity3.05%
FinancialEquity2.88%
See All

Pros and cons

Category: Equity Sectoral / Thematic

Pros

Cons

Lower expense ratio: 1.02%
3Y annualised returns lower than category average by 0.53%
1Y, 5Y and 10Y annualised returns higher than category average
Higher alpha: 3.69 The fund has generated returns higher than benchmark - NIFTY Financial Services Total Return Index - in the last 3Y

Expense ratio, exit load and tax

Expense ratio: 1.02%

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₹100

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

Dhaval Joshi
Nov 2022 - Present
View details

Education
Mr. Joshi has done B.Com, M.Com. and MBA (Finance)
Experience
Prior to joining Aditya Birla Sun Life Mutual Fund, he was associated with Sundaram Mutual Fund, Emkay Global Financial Services and Asit C Mehta Investment Intermediates Ltd..
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
One World Center, Tower 1, 17th Floor, Jupiter Mill CompoundSenapati Bapat Marg, Elphinstone Road Mumbai 400013
Phone
NA
Launch Date
23 Dec 1994
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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