Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 05-09-2024
₹ 62.91
▲0.4%
1D
Inception Returns
18.8%
/yr
About the Fund
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 14 December, 2013. The fund is managed by Dhaval Gala. The fund could potentially beat inflation in the long-run.
Key Parameters
- Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has ₹3256 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
- The fund has an expense ratio 1.
Returns
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has given a CAGR return of 18.85% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.68%, 14.57% and 17.88% respectively.
Holdings
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Corporate, Tech, Government. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, State Bank of India, Bajaj Finance Ltd
Taxation
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
The primary investment objective of the Scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
749 people have invested ₹ 66.5L in Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth in the last three months
INDmoney Rank
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IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
3Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 1.02% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹3256 Cr |
| Inception Date | 14 December, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 44.28% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (05-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
64.1%
Small cap
17.5%
Mid cap
15.8%
Sector Allocation
Financial Services
96.4%
Tech
3.6%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 0.26% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund underperformed Nifty 500 by 3.28% in Jul'24
- AUM of the fund stands at 3.3K Cr as of Jul'24
- AUM decreased by 22.5 Cr between Jul'24 and Jun'24
Top Stocks bought last month
Computer Age Management Services Ltd Ordinary Shares's allocation increased from 2.78% to 3.52%
ICICI Bank Ltd's allocation increased from 18.27% to 18.63%
The Federal Bank Ltd's allocation increased from 2.44% to 2.79%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 17.65 % to 16.56 %
Axis Bank Ltd's allocation decreased from 7.82 % to 6.9 %
Bajaj Finance Ltd's allocation decreased from 5.07 % to 4.89 %
Cash allocation has gone up from 1.3% to 2.6%
Top 3 Sectors in July were Financial Services, Corporate & Tech
Jul'24
Financial Services
96%
Corporate
5%
Tech
4%
Jun'24
Financial Services
97%
Corporate
6%
Tech
3%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 18.63% | 0% | |
 HDFC Bank Ltd | 16.56% | -2.9% | |
 Axis Bank Ltd | 6.9% | -4.9% | |
 State Bank of India | 6.3% | 0% | |
 Bajaj Finance Ltd | 4.89% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Central Depository Services (India) Ltd | 22.9% |
 Bajaj Finance Ltd | 10.7% |
 ICICI Bank Ltd | 5.4% |
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Dhaval Gala
Fund Manager of Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth, since 26 August 2015
Top funds managed
Fund House
Aditya Birla Sun Life AMC Ltd
Total Schemes
Total AUM
₹2.93L Cr
as on 31-Jul-2024
Address
Aditya Birla Sun Life AMC Ltd,One World Centre, Tower 1, 17th Floor,Jupiter Mill Compound, 841, Senapati Bapat Marg,Elphinstone Road
Phone
+912243568000
Website
connect@birlasunlife.com
Mutual Fund Insights
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 21.64% return, outperforming this fund by 3.76% per annum.
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 20.63% return, outperforming this fund by 6.07% per annum.
In the last 1 year, Quant BFSI Fund Direct Growth has given 49.95% return, outperforming this fund by 27.27%.
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 1.02% which is lower than the category average expense ratio of 1.03%.
Over the last 15 months, this fund has increased expense ratio by 3.0% moving from 0.99 to 1.02.
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 18.85% since inception which is more than its category average return of 17.31%
Fund Allocations
This fund has an allocation of 97.42% in Equity, 0% in Debt and 2.58% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 1664 Cr
Expense Ratio 1.02%
This fund has an expense ratio of 1.02% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is ₹62.91 as on 05-Sep-2024.
Existing (Absolute + CAGR) as on 05-Sep-2024.
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.92% | 5.92% |
6 Month Returns | 13.38% | 13.38% |
1 Year Returns | 22.68% | 22.68% |
3 Years Returns | 50.38% | 14.57% |
5 Years Returns | 127.61% | 17.88% |
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1.02% as on August 2024
₹3256 Cr as on August 2024
ICICI Bank Ltd(18.63%), HDFC Bank Ltd(16.56%), Axis Bank Ltd(6.9%), State Bank of India(6.3%), Bajaj Finance Ltd(4.89%) as on August 2024
The alpha ratio for the Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth | 2.98 | 3.78 | 2.17 |
As on August 2024
The alpha for Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth | 0.84 | 0.97 | 1.07 |
As on August 2024
The Beta for Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth | 1.14 | 0.57 | 0.54 |
As on August 2024
The sharpe ratio for Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth | 12.75 | 15.62 | 27.22 |
As on August 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.99 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.66 as on August 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Dhaval Gala is the fund manager of Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
The Exit load of Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is 1%