Debt
Direct
Banking & Psu
NAV as on 04-09-2024
₹ 354.93
Inception Returns
8.5%
/yr
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Harshil Suvarnkar, Kaustubh Gupta. This fund is suitable to keep your money safe.
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth has given a CAGR return of 8.46% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.91%, 5.93% and 6.85% respectively.
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, HDFC Bank Limited, Power Finance Corporation Ltd., Power Finance Corp Ltd. 7.6%, Small Industries Development Bank Of India
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India.
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 1000.00. Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth has no lock in period.
Expense ratio | 0.39% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹9487 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹1000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 282.83% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Moderate Risk |
as on (04-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Financial Services, Corporate & Government
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.7% | 0.7% |
6 Month Returns | 4.15% | 4.15% |
1 Year Returns | 7.91% | 7.91% |
3 Years Returns | 18.87% | 5.93% |
5 Years Returns | 39.26% | 6.85% |
AAA | 97.76 |
AA | 2.24 |