Equity
Direct
Sector - Financial Services
NAV as on 05-09-2024
₹ 62.91
▲0.4%
1D
Inception Returns
18.8%
/yr
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.
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.
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
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.
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 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.
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 |
as on (05-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Corporate & Tech
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% |
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 |
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 |
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 |
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 |