Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 20-12-2024
₹ 61.21
1D
Inception Returns
18.1%
/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 ₹3264 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 18.06% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.88%, 15.76% and 13.34% respectively.
Holdings
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Corporate, 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
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780 people have invested ₹ 66.5L in Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth in the last three months
INDmoney Rank for Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 1.08% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹3264 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-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
66.2%
Small cap
18.1%
Mid cap
11.5%
Sector Allocation
Financial Services
96.1%
Tech
3.9%
All changes are between Sep'24 and 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 3.3K Cr as of Nov'24
- AUM has remained same between Nov'24 and Oct'24
Large Cap allocation has gone up from 65.9% to 66.2%
Small Cap allocation has gone down from 18.2% to 18.1%
Mid Cap allocation has gone down from 12.6% to 11.5%
Cash allocation has gone up from 2.4% to 3.3%
Top 3 Sectors in November were Financial Services, Corporate & Tech
Nov'24
Financial Services
96%
Tech
4%
Corporate
3%
Oct'24
Financial Services
96%
Corporate
5%
Tech
4%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 19.77% | 0% | |
 HDFC Bank Ltd | 17.75% | 0% | |
 Axis Bank Ltd | 6.85% | 0% | |
 State Bank of India | 5.91% | 0% | |
 Bajaj Finance Ltd | 4.93% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Computer Age Management Services Ltd | 13.1% |
 State Bank of India | 4.4% |
 HDFC Bank Ltd | 3.9% |
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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
₹3.78L Cr
as on 29-Nov-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 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 23.15% return, outperforming this fund by 12.27%.
Over the last 3 months, this fund has increased expense ratio by 5.9% moving from 1.02 to 1.08.
In the last 5 years, Invesco India Financial Services Fund Direct Plan Growth has given 16.84% return, outperforming this fund by 3.5% per annum.
In the last 3 years, Invesco India Financial Services Fund Direct Plan Growth has given 22.05% return, outperforming this fund by 6.28% per annum.
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 18.06% since inception which is more than its category average return of 15.39%
Fund Allocations
This fund has an allocation of 96.73% in Equity, 0% in Debt and 3.27% in Cash related instruments
AUM size ₹3264 Cr
This fund has AUM of ₹3264 Cr which is more than its category average of ₹ 1757 Cr
Expense Ratio 1.08%
This fund has an expense ratio of 1.08% which is less than its category average expense ratio of 1.37%
Frequently Asked Questions for Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
The current NAV of Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is ₹61.21 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.2% | 2.2% |
6 Month Returns | 2.13% | 2.13% |
1 Year Returns | 10.88% | 10.88% |
3 Years Returns | 55.13% | 15.76% |
5 Years Returns | 87.05% | 13.34% |
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1.08% as on November 2024
₹3264 Cr as on November 2024
ICICI Bank Ltd(19.77%), HDFC Bank Ltd(17.75%), Axis Bank Ltd(6.85%), State Bank of India(5.91%), Bajaj Finance Ltd(4.93%) as on November 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 | -0.17 | 3.17 | 1.7 |
As on November 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 | 0.88 | 0.99 | 1.07 |
As on November 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 | 0.87 | 0.62 | 0.43 |
As on November 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 | 13 | 15.45 | 27.24 |
As on November 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 1.11 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.55 as on November 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%