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


1 Lakh

Investment Grown to
₹ 1.52 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.12 Lakh

Analyst's Choice?

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 multi 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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
Fund -0.99 0.58 -1.30 -0.89 7.41 12.86 18.04 14.93 11.93 -- --
S&P BSE Bankex TRI -2.74 0.92 -1.02 -3.07 8.35 9.22 17.06 18.49 9.89 -- --
Equity: Sectoral-Banking -1.58 0.73 -0.86 -1.75 8.13 8.38 14.67 13.67 6.30 -- --
Rank within category 11 19 20 9 11 6 8 12 2 -- --
Number of funds in category 23 23 23 23 23 19 18 17 12 10 8

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.74 (19-Sep-2019 - 26-Sep-2019) -11.42 (17-Aug-2015 - 24-Aug-2015)
Month 23.61 (07-May-2014 - 06-Jun-2014) -18.04 (29-Aug-2018 - 28-Sep-2018)
Quarter 46.82 (21-Feb-2014 - 23-May-2014) -20.07 (27-Jul-2018 - 26-Oct-2018)
Year 92.93 (29-Jan-2014 - 29-Jan-2015) -18.39 (02-Mar-2015 - 01-Mar-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 18.89 19.95 0.66 0.90 0.97 -1.89
S&P BSE Bankex TRI 21.17 18.06 0.86 1.19 -- --
Equity: Sectoral-Banking 16.74 19.68 0.65 0.90 0.99 -4.29
Rank within category 9 14 12 12 12 11
Number of funds in category 17 17 17 17 17 17

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

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 26
Top 10 Stocks (%) 68.88
Top 5 Stocks (%) 46.34
Top 3 Sectors (%) 94.34
Portfolio P/B Ratio 3.21
Portfolio P/E Ratio 30.10

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,39,698 2,19,717
Giant (%) 65.21 74.25
Large (%) 17.71 11.49
Mid (%) 10.40 11.74
Small (%) 6.68 4.33
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 HDFC Bank Financial 25.94 19.13 8.05 14.03
equal ICICI Bank Financial 36.42 15.40 8.54 11.56
equal Bajaj Finance Financial 51.46 10.99 5.38 8.36
equal ICICI Lombard General Insurance Financial 53.81 6.50 0.00 6.33
equal Axis Bank Financial 43.43 7.29 0.00 6.05
equal Kotak Mahindra Bank Financial 36.01 5.94 0.00 5.02
equal Bandhan Bank Financial 25.38 7.97 0.00 4.76
equal Bajaj Finserv Financial 41.07 4.58 1.68 4.58
equal State Bank of India Financial 28.59 9.82 0.00 4.53
equal Indusind Bank Financial 20.26 7.50 1.90 3.64
equal HDFC Financial 34.91 3.60 0.00 3.60
down L&T Finance Holdings Financial 12.91 6.89 2.66 2.85
equal HDFC Life Insurance Financial 90.73 3.01 0.00 2.85
equal DCB Bank Financial 15.44 4.59 2.57 2.84
new RBL Bank Financial 27.33 1.97 0.00 1.97
equal Repco Home Finance Ltd. Financial 7.68 4.55 1.53 1.82
equal Max Financial Services Financial 81.26 2.46 0.00 1.43
equal SBI Life Insurance Company Financial 74.10 3.03 0.00 1.15
new Ujjivan Small Finance Bank Financial 47.54 1.11 0.00 1.11
equal Aditya Birla SL Banking ETF Reg-G Financial -- 1.10
equal Cholamandalam Invest. & Fin. Financial 19.34 5.60 0.99 0.99
equal PNB Housing Finance Financial 6.40 5.28 0.93 0.93
equal JM Financial Financial 16.84 1.57 0.00 0.73
equal Bank of Baroda Financial -- 5.00 0.00 0.71
equal LIC Housing Fin. Financial 8.71 0.78 0.00 0.69

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-Dec-2019

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 BSLAMC, he has worked with B&K Securities( January 2008- February 2011) and J.P.Morgan Chase India Private Ltd ( May 2005-July 2006).

— Satyabrata Mohanty since 25-Nov-2013

Education: Mr. Mohanty is a B.Com (H), Chartered Accountant and CFA.

Experience: He has been part of Birla group since last 17 years. He has over 12 years of experience in Finance and Research. He has handled responsibilities across Fund Management (Equity & Debt), Trading and Credit Research functions. Prior to joining BSLAMC, he has worked with Aditya Birla Management Corporation Ltd & joined ABG as a management Trainee.

Funds Managed:


0.58%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 31.1500

Dividend: ₹ 18.1400


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

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 500
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 14-Dec-2013
Return Since Launch: 20.42%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 1,995 Cr (As on 31-Dec-2019)
Expense: 2.25% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 94.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend31-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

Phone: 022-43568000 / 1800-270-7000 / 1800-22-7000

Fax: 022-43568110

Website: 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

Upcoming Video

Investors' Hangout

How worrisome is the slowdown

dateFriday, 31-Jan-2020
time12:30 PM - 01:00 PM