Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth

Equity
Direct
Sector - Financial Services
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth

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

  1. Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has ₹3070 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 1.

Returns

Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has given a CAGR return of 18.68% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 25.32%, 16.23% and 14.22% respectively.

Holdings

Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Corporate, Government, Tech. 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
zero opening, trading, fund transfer fee
718 people have invested ₹ 76.9L in Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth in the last three months

INDmoney Rank

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IND ranking is not available for this fund.
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Beats FD returns for both 3Y & 5Y duration
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3Y returns in the bottom 25% of the category

Fund Overview

Expense ratio1.02%
Benchmark
S&P BSE BANKEX INR
AUM₹3070 Cr
Inception Date14 December, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
19.7%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 98.8%

  • Debt & Cash 1.2%

Large cap
65.9%

Mid cap
16.9%

Small cap
15.5%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
97.1%
Tech
2.9%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

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

Mutual Fund Insights

Insights icon
Over the last 15 months, this fund has decreased expense ratio by 11.3% moving from 1.15 to 1.02.
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Over the last 1 month, this fund has experienced a 3.4% drop in AUM moving from 3.17K Cr to 3.06K Cr.
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In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 22.31% return, outperforming this fund by 6.08% per annum.
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In the last 1 year, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 37.45% return, outperforming this fund by 12.14%.
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In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 18.96% return, outperforming this fund by 4.74% per annum.

Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 18.68% since inception which is more than its category average return of 17.63%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.76% in Equity, 0% in Debt and 1.24% in Cash related instruments
AUM size ₹3070 Cr

AUM size ₹3070 Cr

This fund has AUM of ₹3070 Cr which is more than its category average of ₹ 1523 Cr
Expense Ratio 1.02%

Expense Ratio 1.02%

This fund has an expense ratio of 1.02% which is less than its category average expense ratio of 1.33%

Frequently Asked Questions

The current NAV of Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is ₹60.97 as on 19-Jun-2024.
Existing (Absolute + CAGR) as on 19-Jun-2024.
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.42%
5.42%
6 Month Returns
7.67%
7.67%
1 Year Returns
25.32%
25.32%
3 Years Returns
57.04%
16.23%
5 Years Returns
94.38%
14.22%
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1.02% as on May 2024
₹3070 Cr as on May 2024
ICICI Bank Ltd(18.23%), HDFC Bank Ltd(17.15%), Axis Bank Ltd(7.67%), State Bank of India(6.36%), Bajaj Finance Ltd(5.1%) as on May 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
9.2
3.96
1.42
As on May 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
0.76
0.92
1.07
As on May 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
1.15
0.58
0.38
As on May 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
11.86
15.37
27.44
As on May 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 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.61 as on May 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%