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3 star

Aditya Birla Sun Life Banking & Financial Services Fund - Regular Plan download report


1 Lakh

Investment Grown to
₹ 1.42 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.75 Lakh

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Aditya Birla SL Banking & Financial Services Reg-G 6.08 1.18 4.26 14.36 15.12 4.28 5.63 12.41 7.83 12.12 --
S&P BSE Bankex TRI 12.58 0.44 3.03 12.94 14.47 5.94 11.38 12.68 10.91 11.64 --
Equity: Sectoral-Banking 10.28 0.78 3.42 13.93 15.74 5.89 9.65 10.98 7.60 8.95 --
Rank within category 29 4 4 7 25 32 27 5 13 2 --
Number of funds in category 31 34 34 33 33 32 30 20 17 15 10

As on 17-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Aditya Birla Sun Life Banking & Financial Services Fund - Regular Plan  | Invest Online
3 star
Dec-13 5.63 12.41 7.83 2.15 2,277
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 6.30 13.74 11.87 2.02 3,553
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 7.42 14.52 10.35 2.54 568
Invesco India Financial Services Fund  | Invest Online
4 star
Jul-08 3.00 12.80 9.40 2.56 444
Nippon India ETF Nifty Bank BeES  | Invest Online
Unrated
May-04 10.65 11.50 10.18 0.19 9,645

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 14.67 26-May-2020 - 02-Jun-2020 -28.33 16-Mar-2020 - 23-Mar-2020
Month 28.32 22-May-2020 - 23-Jun-2020 -46.38 20-Feb-2020 - 23-Mar-2020
Quarter 46.82 21-Feb-2014 - 23-May-2014 -47.11 23-Dec-2019 - 23-Mar-2020
Year 103.45 26-May-2020 - 26-May-2021 -43.81 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Aditya Birla SL Banking & Financial Services Reg-G 15.79 33.75 0.36 0.43 0.99 0.47
S&P BSE Bankex TRI 15.39 33.19 0.36 0.44 -- --
Equity: Sectoral-Banking 14.09 33.17 0.33 0.40 0.96 -0.82
Rank within category 3 14 5 5 10 5
Number of funds in category 19 19 19 19 19 19

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 32
Top 10 Stocks (%) 71.07
Top 5 Stocks (%) 52.51
Top 3 Sectors (%) 97.68
Portfolio P/B Ratio 2.24
Portfolio P/E Ratio 18.32

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,88,846 2,61,530
Giant (%) 67.12 72.14
Large (%) 12.92 12.25
Mid (%) 14.60 13.21
Small (%) 5.37 4.78
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 22.21 16.95 11.12 16.95
down HDFC Bank Financial 21.15 17.28 10.14 13.68
up State Bank of India Financial 13.45 10.74 2.26 8.01
up Axis Bank Financial 14.56 9.56 4.57 7.23
equal Bajaj Finance Financial 52.60 9.46 5.65 6.64
equal HDFC Financial 19.82 4.05 0.91 3.90
equal SBI Life Insurance Company Insurance 85.70 4.85 0.00 3.80
up Bank of Baroda Financial 7.44 4.68 0.00 3.78
equal Bandhan Bank Financial 72.68 7.71 0.00 3.57
equal Poonawalla Fincorp Financial 48.98 4.24 0.00 3.51
equal Kotak Mahindra Bank Financial 29.00 11.44 3.08 3.08
equal Bajaj Finserv Financial 53.30 5.73 2.31 2.80
equal M&M Financial Services Financial 8.46 2.35 0.00 2.20
equal SBI Cards & Payments Services Financial 46.60 2.01 0.00 2.01
equal Cholamandalam Financial Holdings Financial 11.04 2.90 0.00 1.86
equal Repco Home Finance Ltd. Financial 5.40 4.26 1.14 1.61
equal HDFC Financial 19.82 1.56
equal ICICI Lombard General Insurance Company Insurance 45.71 8.86 0.00 1.46
up The Federal Bank Financial 10.39 1.75 0.00 1.32
equal Home First Finance Company India Financial 40.10 1.40 0.00 1.32
equal Aditya Birla SL Nifty Bank ETF-G Financial -- 1.28
equal HDFC Life Insurance Insurance 89.44 5.90 0.52 1.22
equal JM Financial Financial 8.62 1.97 0.64 0.87
equal Computer Age Management Services Services 40.38 3.58 0.00 0.84
equal LIC Insurance 106.77 0.82 0.00 0.64

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jul-2022

Fund Manager

— Dhaval Gala since 26-Aug-2015

Education: Mr. Gala has done BMS from Mithibai College and PGDBM-Finance from N.L.Dalmia Institute of Management Studies & Research.

Experience: Prior to joining Aditya Birla Sun Life Mutual Fund, he has worked with B&K Securities( January 2008- February 2011) and J.P.Morgan Chase India Private Ltd ( May 2005-July 2006).

Funds Managed:


0.20%

Change from previous, NAV as on 18-Aug-2022

Growth: ₹ 39.5100

IDCW: ₹ 19.0500


Investment Strategy

The scheme aims to maximize long term capital appreciation by investing primarily in equity & equity related securities of companies engaged in banking & financial services. The scheme would invest in banks as well as NBFC's, insurance companies, rating agencies, broking companies, etc.

Investment Details

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1
Min. Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 1% for redemption within 30 days

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 14-Dec-2013
Return Since Launch: 17.12%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 2,277 Cr (As on 31-Jul-2022)
Expense Ratio: 2.15% (As on 31-Jul-2022)
Risk Grade: Above Average
Return Grade: Average
Turnover: 38.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW31-Jan-20221.0600

 25-Jan-20210.9500
 31-Jan-20201.1245
 31-Jan-20191.1068
 31-Jan-20182.0500
 27-Mar-20171.7900
 29-Dec-20151.1000
 08-Jul-20141.0000
 02-May-20140.9000

Contact Information

AMC: Aditya Birla Sun Life AMC Ltd.

Address: One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai - 400013

Fax: 022-43568110

Website: http://mutualfund.adityabirlacapital.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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