| Risk | High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.23% |
| NAV | ₹23.36 (23 Sep 2020) |
|---|---|
| Fund Started | 14 Dec 2013 |
| Fund Size | ₹1,573 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 14.0% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 10.2% |
| HDFC Bank Ltd. | Financial | Equity | 10.1% |
| Axis Bank Ltd. | Financial | Equity | 8.2% |
| Bajaj Finance Ltd. | Financial | Equity | 8.1% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 6.5% |
| Bajaj Finserv Ltd. | Financial | Equity | 4.9% |
| Bandhan Bank Ltd. | Financial | Equity | 4.7% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 3.2% |
| State Bank of India | Financial | Equity | 3.1% |
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 ₹1,573 Cr and the Latest NAV as of 23 Sep 2020 is ₹23.36.
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 365 days.
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.
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.