Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 20-01-2025
₹ 59.46
1D
Inception Returns
17.3%
/yr
About Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
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 ₹3173 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 1.1.
Returns
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has given a CAGR return of 17.33% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.36%, 10.68% and 11.93% 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
INDmoney Rank for Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 1.08% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹3173 Cr |
| Inception Date | 14 December, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 44.28% |
| STCG | Selling mutual fund 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 (20-Jan-25)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at -0.14% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.46% in Nov'24
- AUM of the fund stands at 3.2K Cr as of Dec'24
- AUM decreased by 90.3 Cr between Dec'24 and Nov'24
Top 3 Sectors in December were Financial Services, Tech & Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 20.17% | 0% | |
 HDFC Bank Ltd | 18.64% | 0% | |
 Axis Bank Ltd | 6.47% | 0% | |
 State Bank of India | 5.89% | 0% | |
 Bajaj Finance Ltd | 5.03% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 Muthoot Finance Ltd | 1.7% |
 Bajaj Finance Ltd | 1.5% |
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹3173 Cr
Expense Ratio 1.08%
Frequently Asked Questions for Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.54% | -7.54% |
6 Month Returns | -6.61% | -6.61% |
1 Year Returns | 6.36% | 6.36% |
3 Years Returns | 35.57% | 10.68% |
5 Years Returns | 75.69% | 11.93% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth | -0.35 | 3.05 | 1.99 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth | 0.94 | 0.99 | 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 | 0.26 | 0.58 | 0.4 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth | 12.78 | 15.54 | 27.3 |