Fund Details
Aditya Birla Sun Life Banking & Financial Services Fund Regular Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 2.29% |
| NAV | ₹36.62 (23 Jul 2021) |
|---|---|
| Fund Started | 14 Dec 2013 |
| Fund Size | ₹2,031 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 5Y Returns are higher than the category average returns
1. Higher expense ratio - 2.29%
2. 3Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 13.3% |
| State Bank of India | Financial | Equity | 10.7% |
| HDFC Bank Ltd. | Financial | Equity | 10.4% |
| Axis Bank Ltd. | Financial | Equity | 8.9% |
| Bajaj Finance Ltd. | Financial | Equity | 7.2% |
| Bajaj Finserv Ltd. | Financial | Equity | 4.5% |
| Repco Home Finance Ltd. | Financial | Equity | 4.3% |
| SBI Life Insurance Company Ltd. | Financial | Equity | 4.2% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 4.1% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 3.3% |
Fund Managers
Aditya Birla Sun Life Banking & Financial Services Fund Regular Growth Details
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 ₹2,031 Cr and the Latest NAV as of 23 Jul 2021 is ₹36.62.
The Aditya Birla Sun Life Banking & Financial Services Fund Regular Growth is rated Very 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.
