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 introduced 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.The fund currently has an Asset Under Management(AUM) of ₹1,806 Cr and the Latest NAV as of 17 Oct 2019 is ₹30.42.
The Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is rated High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 1000. Exit load of 1% if redeemed within 365 days..
Investment Objective
The objective of the Scheme is to generate long-term growth of capital by investing in a portfolio of equity and equity related securities. The Scheme would follow an investment strategy that would take advantage of Special Situations and Contrarian investment style.
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.
Scheme Information Document(SID)
₹1000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 1% if redeemed within 365 days.
Exit Load