Aditya Birla Sun Life Banking & Financial Services Direct Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 52.8 as on 30-11-2023
Fund Performance
846 people have invested ₹ 54.9L in Aditya Birla Sun Life Banking & Financial Services Direct Growth in the last three months
Mutual Fund Insights
Over the last 1 month, this fund has experienced a 3.9% drop in AUM moving from 2.89K Cr to 2.78K Cr.
In the last 3 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 25.3% return, outperforming this fund by 7.23% per annum.
Over the last 6 months, this fund has increased expense ratio by 5.1% moving from 0.99 to 1.04.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 18.02% return, outperforming this fund by 4.61% per annum.
In the last 1 year, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 24.02% return, outperforming this fund by 8.04%.
INDmoney Rank of Aditya Birla Sun Life Banking & Financial Services Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Pros
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.
About the Aditya Birla Sun Life Banking & Financial Services Direct Growth
Aditya Birla Sun Life Banking & Financial Services 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 Direct Growth has ₹2787 Cr worth of assets under management (AUM) as on Oct 2023 and is more than category average.
- The fund has an expense ratio 1.
Aditya Birla Sun Life Banking & Financial Services Direct Growth Overview
 | 1.04% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹2787 Cr |
 | 14 December, 2013 |
 | ₹1000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 19.7% |
Aditya Birla Sun Life Banking & Financial Services Direct Growth Distribution as on (31-Oct-23)
Size breakup
Large cap
57.2%
Mid cap
19.9%
Small cap
15.7%
Sector Allocation
Financial Services
99.4%
Tech
0.6%
Top Holdings of Aditya Birla Sun Life Banking & Financial Services Direct Growth as on (31-Oct-23)
Equity Holdings39
Debt Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 16.09% | 0% | |
 ICICI Bank Ltd | 14.59% | 7.9% | |
 Axis Bank Ltd | 5.99% | 0% | |
 Bajaj Finance Ltd | 5.64% | 0% | |
 State Bank of India | 4.77% | 0% |
See all
Aditya Birla Sun Life Banking & Financial Services Direct Growth: Monthly Changes Updates
All changes are between Aug'23 and Oct'23
Fund Performance
- This fund’s returns stands at -3.84% whereas the fund’s underlying benchmark Nifty 500 returns stands at -2.63% as on Oct'23
- This fund underperformed Nifty 500 by 1.21% in Oct'23
AUM Change
- AUM of the fund stands at 2.8K Cr as of Oct'23
- AUM decreased by 111.8 Cr between Oct'23 and Sep'23
Fund Portfolio Changes
Gainers & Losers in Aditya Birla Sun Life Banking & Financial Services Direct Growth portfolio Returns for the month of Oct
Top Growth Drivers | 1M Return |
|---|---|
 Central Depository Services (India) Ltd | 8.9% |
 SBI Life Insurance Company Ltd | 5.8% |
 Repco Home Finance Ltd | 3.7% |
Top Losers | 1M Return |
|---|---|
Bank of India | -15% |
 Axis Bank Ltd | -5.7% |
 ICICI Bank Ltd | -2.7% |
Peer Analysis
Aditya Birla Sun Life Banking & Financial Services Direct Growth Fund Manager
Dhaval Gala
Fund Manager of Aditya Birla Sun Life Banking & Financial Services Direct Growth, since 26 August 2015
Top funds managed
Aditya Birla Sun Life Banking & Financial Services 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 18.15% since inception which is less than its category average return of 26.07%
Fund Allocations
This fund has an allocation of 95.02% in Equity, 0% in Debt and 4.98% in Cash related instruments
AUM size ₹2787 Cr
This fund has AUM of ₹2787 Cr which is more than its category average of ₹ 1406 Cr
Expense Ratio 1.04%
This fund has an expense ratio of 1.04% 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 Direct Growth is ₹52.83 as on 30-Nov-2023.
Existing (Absolute + CAGR) as on 30-Nov-2023.
Aditya Birla Sun Life Banking & Financial Services Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.66% | 3.66% |
6 Month Returns | 11.65% | 11.65% |
1 Year Returns | 15.98% | 15.98% |
3 Years Returns | 64.62% | 18.08% |
5 Years Returns | 87.63% | 13.41% |
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1.04% as on October 2023
₹2787 Cr as on October 2023
HDFC Bank Ltd(16.09%), ICICI Bank Ltd(14.59%), Axis Bank Ltd(5.99%), Bajaj Finance Ltd(5.64%), State Bank of India(4.77%) as on October 2023
The alpha ratio for the Aditya Birla Sun Life Banking & Financial Services 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 Direct Growth | 11.09 | 5.32 | 0.84 |
As on October 2023
The alpha for Aditya Birla Sun Life Banking & Financial Services 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 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 Direct Growth | 1.07 | 1.05 | 1.08 |
As on October 2023
The Beta for Aditya Birla Sun Life Banking & Financial Services 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 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 Direct Growth | 0.7 | 0.93 | 0.45 |
As on October 2023
The sharpe ratio for Aditya Birla Sun Life Banking & Financial Services 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 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 Direct Growth | 13.4 | 22.4 | 28.09 |
As on October 2023
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 2.2 as on October 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.22 as on October 2023. 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 Direct Growth
The Exit load of Aditya Birla Sun Life Banking & Financial Services Direct Growth is 1%