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3 star

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


1 Lakh

Investment Grown to
₹ 1.73 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.41 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 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 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
Fund 30.55 -0.55 1.96 3.64 13.34 26.84 70.39 20.06 13.46 16.44 --
S&P BSE Bankex TRI 30.63 -1.12 3.84 7.21 18.38 26.17 65.18 20.05 16.29 14.34 --
Equity: Sectoral-Banking 32.30 -0.60 3.21 7.08 16.06 25.73 66.73 17.71 12.59 10.82 --
Rank within category 15 8 29 30 25 5 5 6 12 1 --
Number of funds in category 28 30 30 30 29 28 26 18 17 11 8

As on 27-Oct-2021

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 70.39 20.06 13.46 2.20% 2,183
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 57.57 23.31 17.67 1.97% 2,948
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 53.48 22.29 16.48 2.46% 821
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 61.07 23.24 14.85 2.62% 444
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 65.26 18.25 15.80 0.18% 9,710

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
Fund 20.79 33.55 0.50 0.58 1.00 0.73
S&P BSE Bankex TRI 20.07 32.71 0.49 0.59 -- --
Equity: Sectoral-Banking 18.06 32.68 0.45 0.53 0.96 -1.30
Rank within category 5 15 7 6 10 7
Number of funds in category 18 18 18 18 18 18

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

As on 30-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 26
Top 10 Stocks (%) 67.55
Top 5 Stocks (%) 46.82
Top 3 Sectors (%) 88.84
Portfolio P/B Ratio 2.61
Portfolio P/E Ratio 25.16

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,75,588 2,75,046
Giant (%) 69.25 75.18
Large (%) 10.15 8.20
Mid (%) 13.25 14.99
Small (%) 7.35 4.08
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 27.30 16.48 11.12 13.31
down HDFC Bank Financial 26.59 19.13 10.14 11.14
down State Bank of India Financial 18.53 10.74 2.26 8.70
equal Bajaj Finance Financial 90.74 9.46 5.38 7.98
equal Bajaj Finserv Financial 70.11 5.73 2.06 5.70
down Axis Bank Financial 24.14 9.56 1.50 5.15
equal SBI Life Insurance Company Insurance 91.93 4.74 0.00 4.74
equal Kotak Mahindra Bank Financial 43.35 11.44 0.00 4.51
equal Repco Home Finance Ltd. Financial 6.58 4.26 1.14 3.31
equal HDFC Financial 26.14 3.18
down HDFC Life Insurance Insurance 124.39 5.90 0.00 3.01
equal Computer Age Management Services Financial 64.46 3.58 0.00 2.80
equal Poonawalla Fincorp Financial -- 2.36 0.00 2.24
equal Cholamandalam Financial Holdings Financial 18.73 2.90 0.00 2.11
down Indusind Bank Financial 25.58 7.50 0.00 2.08
equal Bank of Baroda Financial 15.54 1.94 0.00 1.87
equal Shriram Transport Finance Company Financial 17.34 1.80 0.00 1.74
up SBI Cards & Payments Services Financial 119.54 1.66 0.00 1.66
equal JM Financial Financial 12.10 1.97 0.59 1.36
equal Aditya Birla SL Banking ETF-G Financial -- 1.33
equal HDFC Financial 26.14 3.65 0.00 1.05
equal Home First Finance Company India Financial 48.98 1.06 0.00 0.98
down ICICI Lombard General Insurance Company Insurance 58.64 8.86 0.00 0.95
down DCB Bank Financial 10.15 4.59 0.82 0.82
down The Federal Bank Financial 11.84 1.75 0.00 0.57

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 30-Sep-2021

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:


-0.55%

Change from previous, NAV as on 27-Oct-2021

Growth: ₹ 41.5400

IDCW: ₹ 21.1600


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
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: 19.82%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 2,183 Cr (As on 30-Sep-2021)
Expense: 2.20% (As on 30-Sep-2021)
Risk Grade: Above Average
Return Grade: Average
Turnover: 49.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW25-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

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

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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