Fund Details
Aditya Birla Sun Life Banking & Financial Services Fund Regular Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 2.11% |
| NAV | ₹31.56 (13 Apr 2021) |
|---|---|
| Fund Started | 14 Dec 2013 |
| Fund Size | ₹1,896 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. Higher expense ratio - 2.19%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 14.7% |
| HDFC Bank Ltd. | Financial | Equity | 11.1% |
| State Bank of India | Financial | Equity | 10.0% |
| Axis Bank Ltd. | Financial | Equity | 8.8% |
| Bajaj Finance Ltd. | Financial | Equity | 7.5% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 7.4% |
| Bajaj Finserv Ltd. | Financial | Equity | 4.9% |
| Repco Home Finance Ltd. | Financial | Equity | 4.1% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 4.1% |
| Housing Development Finance Corpn. Ltd. | Financial | Warrant | 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 ₹1,896 Cr and the Latest NAV as of 13 Apr 2021 is ₹31.56.
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.
