| Risk | High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 2.43% |
| NAV | ₹22.56 (10 Aug 2020) |
|---|---|
| Fund Started | 14 Dec 2013 |
| Fund Size | ₹1,418 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 12.3% |
| HDFC Bank Ltd. | Financial | Equity | 11.0% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 10.7% |
| Bajaj Finance Ltd. | Financial | Equity | 9.0% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 7.6% |
| Axis Bank Ltd. | Financial | Equity | 6.6% |
| Bandhan Bank Ltd. | Financial | Equity | 5.6% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 5.5% |
| Bajaj Finserv Ltd. | Financial | Equity | 5.3% |
| Cholamandalam Investment & Finance Co. Ltd. | Financial | Equity | 3.3% |
Aditya Birla Sun Life Banking & Financial Services Fund Regular 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 Regular Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,418 Cr and the Latest NAV as of 10 Aug 2020 is ₹22.56.
The Aditya Birla Sun Life Banking & Financial Services Fund Regular 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 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.
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.