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

NAV as on 05-12-2024

₹ 64.61

1.1%

1D

Inception Returns

18.5%

/yr

About 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 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 ₹3264 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 1.1.

Returns

Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has given a CAGR return of 18.47% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 17.21%, 15.63% and 14.25% respectively.

Holdings

Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Corporate, 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
741 people have invested ₹ 56.1L in Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth in the last three months

INDmoney Rank for Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth

Powered by IND quant engine
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

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

Expense ratio1.08%
Benchmark
S&P BSE BANKEX INR
AUM₹3264 Cr
Inception Date14 December, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
44.28%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (05-Dec-24)

Period
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
Nifty 500
sector - financial services
1M
2.6%
2.6%
3.5%
3M
1.2%
-2%
2.2%
6M
16.5%
10.6%
14%
1Y
17.2%
25.2%
16%
3Y
15.6%
16.1%
17.2%
5Y
14.2%
19%
13.4%

Fund Distribution

as on (31-Oct-24)

  • Equity 97.6%

  • Debt & Cash 2.4%

Large cap
65.9%

Small cap
18.2%

Mid cap
12.6%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
96.5%
Tech
3.5%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-4.15%
4.19%
0.69%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -4.15% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 2.37% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 3.3K Cr
₹ 3.4K Cr
₹ 3.3K Cr
  • AUM of the fund stands at 3.3K Cr as of Oct'24
  • AUM decreased by 144.4 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 18.65% to 19.77%
ICICI Bank Ltd's allocation increased from 18.65% to 19.77%
Kotak Mahindra Bank Ltd's allocation increased from 1.47% to 2.49%
Kotak Mahindra Bank Ltd's allocation increased from 1.47% to 2.49%
HDFC Bank Ltd's allocation increased from 16.96% to 17.75%
HDFC Bank Ltd's allocation increased from 16.96% to 17.75%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 6.97 % to 6.85 %
Axis Bank Ltd's allocation decreased from 6.97 % to 6.85 %
Bajaj Finance Ltd's allocation decreased from 5.28 % to 4.93 %
Bajaj Finance Ltd's allocation decreased from 5.28 % to 4.93 %
Cholamandalam Financial Holdings Ltd's allocation decreased from 4.01 % to 3.51 %
Cholamandalam Financial Holdings Ltd's allocation decreased from 4.01 % to 3.51 %
Mid Cap allocation has gone down from 15.7% to 12.6%
Mid Cap allocation has gone down from 15.7% to 12.6%
Large Cap allocation has gone up from 63.4% to 65.9%
Large Cap allocation has gone up from 63.4% to 65.9%
Small Cap allocation has gone up from 18% to 18.2%
Small Cap allocation has gone up from 18% to 18.2%
Cash allocation has gone up from 1.9% to 2.4%
Cash allocation has gone up from 1.9% to 2.4%

Top 3 Sectors in October were Financial Services, Corporate & Tech

Oct'24
Financial Services
96%
Corporate
5%
Tech
4%
Sep'24
Financial Services
97%
Corporate
4%
Tech
3%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
38
38
38
Top 5 Company Concentration
55.2%
53.3%
53.4%
Company having highest exposure
ICICI Bank Ltd (19.8%)
ICICI Bank Ltd (18.7%)
ICICI Bank Ltd (18.8%)
No of Sectors
3
4
4
Top 5 Sectors Concentration
104.5%
107.2%
106.9%
Sector having highest exposure
Financial Services (96.5%)
Financial Services (96.7%)
Financial Services (96.7%)
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Dhaval Gala
Dhaval Gala
Fund Manager of Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth, since 26 August 2015
Fund House
Aditya Birla Sun Life AMC Ltd
Total AUM
₹3.89L Cr
as on 31-Oct-2024
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
Website
connect@birlasunlife.com

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has increased expense ratio by 6.9% moving from 1.01 to 1.08.
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In the last 1 year, SBI Banking & Financial Services Direct Growth has given 29.95% return, outperforming this fund by 12.74%.
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In the last 5 years, Invesco India Financial Services Fund Direct Plan Growth has given 17.56% return, outperforming this fund by 3.31% per annum.
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Over the last 1 month, this fund has experienced a 4.2% drop in AUM moving from 3.40K Cr to 3.26K Cr.
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In the last 3 years, Invesco India Financial Services Fund Direct Plan Growth has given 21.35% return, outperforming this fund by 5.72% 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 18.47% since inception which is more than its category average return of 16.43%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.62% in Equity, 0% in Debt and 2.38% in Cash related instruments
AUM size ₹3264 Cr

AUM size ₹3264 Cr

This fund has AUM of ₹3264 Cr which is more than its category average of ₹ 1744 Cr
Expense Ratio 1.08%

Expense Ratio 1.08%

This fund has an expense ratio of 1.08% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions for Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth

The current NAV of Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is ₹64.61 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.6%
2.6%
6 Month Returns
16.47%
16.47%
1 Year Returns
17.21%
17.21%
3 Years Returns
54.61%
15.63%
5 Years Returns
94.63%
14.25%
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1.08% as on November 2024
₹3264 Cr as on November 2024
ICICI Bank Ltd(19.77%), HDFC Bank Ltd(17.75%), Axis Bank Ltd(6.85%), State Bank of India(5.91%), Bajaj Finance Ltd(4.93%) as on November 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
-0.17
3.17
1.7
As on November 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
0.88
0.99
1.07
As on November 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
0.87
0.62
0.43
As on November 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
15.45
27.24
As on November 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 1.11 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.55 as on November 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%