Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth
About the Fund
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kaustubh Gupta, Harshil Suvarnkar. This fund is suitable to keep your money safe.
Key Parameters
- Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth has ₹9427 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth has given a CAGR return of 8.45% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.45%, 5.91% and 6.88% respectively.
Holdings
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, Power Finance Corporation Ltd., 7.18% Govt Stock 2037, HDFC Bank Limited, Power Finance Corp Ltd. 7.6%
Taxation
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth
To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 1000.00. Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth has no lock in period.
Fund Overview
| Expense ratio | 0.39% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹9427 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 297.44% |
| Risk |   Moderate Risk |
Fund Distributionas on (31-Dec-69)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.18% Govt Stock 2033 | 7.81% | 2.1% | |
Power Finance Corporation Ltd. | 3.19% | 0% | |
7.18% Govt Stock 2037 | 3.05% | -17.4% | |
HDFC Bank Limited | 2.89% | 0% | |
Power Finance Corp Ltd. 7.6% | 2.66% | 0% |
Mutual Fund Insights
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹9427 Cr
Expense Ratio 0.39%
Frequently Asked Questions
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.7% | 0.7% |
6 Month Returns | 4.07% | 4.07% |
1 Year Returns | 7.45% | 7.45% |
3 Years Returns | 18.79% | 5.91% |
5 Years Returns | 39.45% | 6.88% |
- 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.
AAA | 97.74 |
AA | 2.26 |