Fund Details
Sahara Banking and Financial Services Fund Growth
| Risk | High |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | NaN% |
| NAV | ₹43.56 (27 Mar 2020) |
|---|---|
| Fund Started | 16 Sep 2008 |
| Fund Size | ₹4 Cr |
Returns
Comparison
1. Age is more than 10 years
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Higher expense ratio - 2.7%
3. 1Y Returns are lower than the category average returns
4. 3Y Returns are lower than the category average returns
5. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 26.8% |
| ICICI Bank Ltd. | Financial | Equity | 23.2% |
| State Bank of India | Financial | Equity | 12.2% |
| Axis Bank Ltd. | Financial | Equity | 11.0% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 6.6% |
| Indusind Bank Ltd. | Financial | Equity | 4.7% |
| Bajaj Finance Ltd. | Financial | Equity | 4.2% |
| RBL Bank Ltd. | Financial | Equity | 3.2% |
| Bajaj Finserv Ltd. | Financial | Equity | 2.5% |
| Federal Bank Ltd. | Financial | Equity | 1.5% |
Fund Managers
Sahara Banking and Financial Services Fund Growth Details
Sahara Banking and Financial Services Fund Growth is a Equity Mutual Fund Scheme launched by Sahara Mutual Fund. This scheme was made available to investors on 16 Sep 2008. Anshum Nandecha is the Current Fund Manager of Sahara Banking and Financial Services Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹4 Cr and the Latest NAV as of 27 Mar 2020 is ₹43.56.
The Sahara Banking and Financial Services Fund Growth is rated High risk. Minimum SIP Investment is set to 1000. Exit load of 1% if redeemed within 12 months. (Exit load of 1% if redeemed within 12 months by way of SIP)
Investment Objective
The scheme seeks to provide long term capital appreciation through investment in equities and equities related securities of companies engaged in Banking & Financial Service.
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.
