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

Aditya Birla Sun Life Banking & Financial Services Direct Growth

Equity
Direct
Sector - Financial Services

NAV: ₹ 42.4 as on 04-10-2022

Fund Performance
zero opening, trading, fund transfer fee
606 people have invested ₹ 38.6L in mutual fund in the last three months

INDmoney Rank

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IND ranking is not available for this fund.
Pros
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.

Fund Performance

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
-1.1%
16.1%
1%
-0.8%
13.4%
8.3%
Benchmark
-2.1%
11.2%
-2.8%
-2.1%
18.1%
11.4%
Category
-1%
15.4%
1.7%
3.3%
11.6%
8%
About the Fund

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

Key parameters

1) Aditya Birla Sun Life Banking & Financial Services Direct Growth has a NAV of 42.42 as on 04-10-2022.

2) Aditya Birla Sun Life Banking & Financial Services Direct Growth has 2434 Cr worth of assets under management (AUM) as on 31-08-2022 and is more than category average.

3) The fund has an expense ratio 1.15 %.

Fund Overview

Expense ratio
Expense ratio
1.15%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹2434 Cr
Inception Date
Inception Date
14 December, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
51.34%

Fund Distribution

  • Equity 97.9%
  • Debt & Cash 2.1%
Size breakup
Large cap
78.8%
Mid cap
8.8%
Small cap
8.6%

Sector Allocation

Aug'22

Jul'22

Jun'22

Financial Services

98.7%

Tech

1.3%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings40
Equity Holdings36
Debt Holdings4

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 157 Cr in last 1M
Aug'22 return outperformed benchmark

Change in AUM

Aug'22
₹ 2.4K Cr
Jul'22
₹ 2.3K Cr
Jun'22
₹ 2K Cr

Fund Returns vs Benchmark

Aug'22
13.19%
9.49%
Jul'22
13.19%
9.49%
Jun'22
-6.57%
-4.94%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Aug'22
Jul'22
Jun'22
No of Holdings
40
38
38
Top 5 Company Concentration
51.3%
52.5%
51.2%
Company having highest exposure
ICICI Bank Ltd (17.2%)
ICICI Bank Ltd (17%)
ICICI Bank Ltd (16.6%)
No of Sectors
3
3
3
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (96.6%)
Financial Services (96.3%)
Financial Services (95.7%)

Fund Manager

Vinod Bhat

Vinod Bhat

Managing this fund since 26 May 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Aditya Birla Sun Life Dividend Yield Fund Direct Plan Growth
19.74%
17.66%
Aditya Birla Sun Life Flexi Cap Fund Direct Plan Growth
18.15%
16.45%
Aditya Birla Sun Life Banking & Financial Services Direct Growth
13.42%
9.86%
Dhaval Gala

Dhaval Gala

Managing this fund since 26 August 2015

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Aditya Birla Sun Life PSU Equity Fund Direct Growth
0%
--
Aditya Birla Sun Life Tax Relief 96 Direct Plan Growth
11.82%
16.78%
Aditya Birla Sun Life Banking & Financial Services Direct Growth
13.42%
9.86%

AMC details

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
Fund House
Aditya Birla Sun Life AMC Ltd

Fund Highlights

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 17.84% since inception which is more than its category average return of 10.97%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.9% in Equity, 0% in Debt and 2.1% in Cash related instruments
AUM size ₹2434 Cr

AUM size ₹2434 Cr

This fund has AUM of ₹2434 Cr which is more than its category average of ₹ 1439 Cr
Expense Ratio 1.15%

Expense Ratio 1.15%

This fund has an expense ratio of 1.15% which is less than its category average expense ratio of 1.63%

Frequently Asked Questions

The current NAV of Aditya Birla Sun Life Banking & Financial Services Direct Growth is 41.26.
Existing (Absolute + CAGR)
Aditya Birla Sun Life Banking & Financial Services Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-3.8%
-3.8%
6 Month Returns
0.78%
0.78%
1 Year Returns
-2.09%
-2.09%
3 Years Returns
39.63%
11.77%
5 Years Returns
45.18%
7.74%
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1.15 as on September 2022
2434 Cr as on September 2022
ICICI Bank Ltd(17.19%),HDFC Bank Ltd(13.26%),State Bank of India(7.53%),Axis Bank Ltd(7.02%),Bajaj Finance Ltd(6.29%) as on September 2022
Financial Services(96.64%),Cash Equivalent(2.1%),Tech(1.27%) as on September 2022
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
-
-
-
As on month end.
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
-
-
-
As on month end.
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
-
-
-
As on month end.
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
20.8
33.83
29.41
As on month end.
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.
0.09
Vinod Bhat,Dhaval Gala are the fund managers 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%