Fund Details
Aditya Birla Sun Life Banking & Financial Services Fund Regular Dividend
| Risk | High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 2.29% |
| NAV | ₹17.41 (19 Jan 2021) |
|---|---|
| Fund Started | 14 Dec 2013 |
| Fund Size | ₹1,956 Cr |
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
2. Risk is higher compared to the benchmark
3. Higher expense ratio
4. 1Y Returns are lower than the benchmark
5. 3Y Returns are lower than the benchmark
6. 5Y Returns are lower than the benchmark
7. Risk-adjusted returns are lower compared to the category
8. Higher expense ratio - 2.38%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 13.8% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 11.4% |
| HDFC Bank Ltd. | Financial | Equity | 10.8% |
| Bajaj Finance Ltd. | Financial | Equity | 7.1% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 6.0% |
| Bajaj Finserv Ltd. | Financial | Equity | 5.7% |
| Axis Bank Ltd. | Financial | Equity | 5.6% |
| Bandhan Bank Ltd. | Financial | Equity | 4.6% |
| State Bank of India | Financial | Equity | 4.1% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 3.9% |
Fund Managers
Aditya Birla Sun Life Banking & Financial Services Fund Regular Dividend Details
Aditya Birla Sun Life Banking & Financial Services Fund Regular Dividend 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 Regular Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹1,956 Cr and the Latest NAV as of 19 Jan 2021 is ₹17.41.
The Aditya Birla Sun Life Banking & Financial Services Fund Regular Dividend 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.
