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 Joshi, Dhaval Gala. The fund could potentially beat inflation in the long-run.

1. Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has ₹3497 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 1.1.
   

Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has given a CAGR return of 17.83% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.79%, 16.99% and 22.68% 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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.