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Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth

Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth

Equity

Direct

Sector - Financial Services

About the Fund

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 ₹3278 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
The fund has an expense ratio 1.

Returns

Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has given a CAGR return of 18.74% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.14%, 16.09% and 16.23% 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 benefit
Dividends 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.

Fund Performance

752 people have invested ₹ 72.6L in Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth in the last three months

INDmoney Rank

IND ranking is not available for this fund.

Beats FD returns for both 3Y & 5Y duration

3Y returns in the bottom 25% of the category

Fund Overview

Expense ratio	1.01%
Benchmark	S&P BSE BANKEX INR
AUM	₹3278 Cr
Inception Date	14 December, 2013
Min Lumpsum/SIP	₹1000/₹100
Exit Load	1%
Lock In	No Lock-in
TurnOver	19.7%
Risk	Very High Risk

Fund Distribution
as on (30-Jun-24)

Equity 98.7%
Debt & Cash 1.3%

Large cap

65.7%

Small cap

16.7%

Mid cap

16.4%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services

97.2%

Tech

2.8%

All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

Equity
Debt & Cash

Holdings	Weight%	1M Change
ICICI Bank Ltd	18.27%	0%
HDFC Bank Ltd	17.65%	0%
Axis Bank Ltd	7.82%	0%
State Bank of India	6.09%	0%
Bajaj Finance Ltd	5.07%	0%

See all

Returns %
Fund Ratios
Overview

Funds	1Y Returns	3Y Returns	5Y Returns	Since Inception
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth	20.1%	16.1%	16.2%	18.7%
Invesco India Financial Services Fund Direct Plan Growth	34.6%	19.4%	18.7%	16.8%
Sundaram Financial Services Opportunities Fund Direct Plan Growth Option	30.7%	21.9%	20%	15.2%
SBI Banking & Financial Services Direct Growth	28.2%	16.6%	16.9%	16.1%

See all

Returns for the month of Jun

Gainers
Losers

Top Growth Drivers	1M Return
Cholamandalam Financial Holdings Ltd	16.7%
ICICI Bank Ltd	4.8%

Dhaval Gala

Fund Manager of Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth, since 26 August 2015

Top funds managed

Scheme	Annualised Returns(3Y)	Category Returns(3Y)
Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth	14.12%	19.51%
Aditya Birla Sun Life PSU Equity Fund Direct Growth	43.04%	--
Aditya Birla Sun Life Banking & Financial Services Direct Growth	16.09%	17.12%

Mutual Fund Insights

Over the last 1 month, this fund has experienced a 6.8% growth in AUM moving from 3.06K Cr to 3.27K Cr.

Over the last 15 months, this fund has decreased expense ratio by 13.7% moving from 1.17 to 1.01.

In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 19.97% return, outperforming this fund by 3.74% per annum.

In the last 1 year, Quant BFSI Fund Direct Growth has given 64.81% return, outperforming this fund by 44.67%.

In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 21.94% return, outperforming this fund by 5.84% 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 18.74% since inception which is more than its category average return of 16.72%

Fund Allocations

This fund has an allocation of 98.73% in Equity, 0% in Debt and 1.27% in Cash related instruments

AUM size ₹3278 Cr

This fund has AUM of ₹3278 Cr which is more than its category average of ₹ 1656 Cr

Expense Ratio 1.01%

This fund has an expense ratio of 1.01% which is less than its category average expense ratio of 1.39%

Frequently Asked Questions

The current NAV of Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is ₹61.22 as on 25-Jul-2024.

Existing (Absolute + CAGR) as on 25-Jul-2024.

Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth	Absolute Returns	CAGR Returns
1 Month Returns	0.98%	0.98%
6 Month Returns	13.28%	13.28%
1 Year Returns	20.14%	20.14%
3 Years Returns	56.46%	16.09%
5 Years Returns	112.11%	16.23%

With INDmoney, the process of investing is very simple and involves zero commission.

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.

1.01% as on June 2024

₹3278 Cr as on June 2024

ICICI Bank Ltd(18.27%), HDFC Bank Ltd(17.65%), Axis Bank Ltd(7.82%), State Bank of India(6.09%), Bajaj Finance Ltd(5.07%) as on June 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	8.84	3.83	1.92

As on June 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	0.8	0.93	1.07

As on June 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	1.3	0.73	0.45

As on June 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	13.32	15.9	27.58

As on June 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 1.29 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.

Information ratio is 0.58 as on June 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%

Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth