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3 star

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


Equity: Sectoral-Banking

1 Lakh

Investment declined to
₹ 0.86 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.00 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 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 -29.80 -2.66 -4.72 8.37 17.49 -30.22 -25.31 -4.88 5.77 -- --
S&P BSE Bankex TRI -33.92 -3.06 -5.47 3.11 8.10 -33.68 -29.30 -3.45 2.85 -- --
Equity: Sectoral-Banking -28.75 -2.41 -4.52 5.48 12.39 -29.28 -22.84 -3.39 4.27 -- --
Rank within category 9 11 11 1 1 9 9 7 3 -- --
Number of funds in category 13 13 13 13 13 13 12 11 10 7 0

As on 14-Jul-2020

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 - Direct Plan  | Invest Online
3 star
Dec-13 -25.31 -4.88 5.77 1.29 1,418
SBI Banking & Financial Services Fund - Direct Plan
5 star
Feb-15 -19.02 2.43 9.91 1.16 1,350
Tata Banking and Financial Services Fund - Direct Plan  | Invest Online
4 star
Dec-15 -15.36 0.50 -- 1.08 434
ICICI Prudential Banking and Financial Services Fund - Direct Plan  | Invest Now
3 star
Jan-13 -27.31 -5.09 5.70 1.19 2,538
Nippon India Banking Fund - Direct Plan  | Invest Online
2 star
Jan-13 -34.86 -8.79 1.48 1.55 1,972

Best & Worst Performance

Best (Period) Worst (Period)
Week 14.68 (26-May-2020 - 02-Jun-2020) -28.29 (16-Mar-2020 - 23-Mar-2020)
Month 28.46 (22-May-2020 - 23-Jun-2020) -46.32 (20-Feb-2020 - 23-Mar-2020)
Quarter 47.15 (21-Feb-2014 - 23-May-2014) -46.96 (23-Dec-2019 - 23-Mar-2020)
Year 94.97 (29-Jan-2014 - 29-Jan-2015) -43.19 (27-May-2019 - 26-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 0.85 31.01 -0.14 -0.15 1.02 -1.45
S&P BSE Bankex TRI 2.36 29.12 -0.10 -0.10 -- --
Equity: Sectoral-Banking 1.85 28.44 -0.11 -0.12 0.95 -0.67
Rank within category 7 10 7 7 8 7
Number of funds in category 11 11 11 11 11 11

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

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 24
Top 10 Stocks (%) 78.29
Top 5 Stocks (%) 51.52
Top 3 Sectors (%) 94.88
Portfolio P/B Ratio 2.23
Portfolio P/E Ratio 18.71

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,05,149 1,59,142
Giant (%) 67.13 74.90
Large (%) 18.46 7.41
Mid (%) 7.05 16.09
Small (%) 7.36 3.96
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
up ICICI Bank Financial 23.96 15.28 10.19 13.02
equal HDFC Bank Financial 21.69 19.13 8.05 11.69
up Kotak Mahindra Bank Financial 30.11 10.99 0.00 10.99
equal Bajaj Finance Financial 37.47 10.99 5.38 8.10
down Bandhan Bank Financial 19.56 7.97 0.00 7.71
up ICICI Lombard General Insurance Company Financial 48.42 8.86 0.00 7.63
up Axis Bank Financial 66.59 8.04 0.00 5.91
up HDFC Life Insurance Financial -- 5.90 0.00 5.90
down Bajaj Finserv Financial 30.28 4.73 1.68 4.12
equal Cholamandalam Invest. & Fin. Financial 16.05 4.56 0.99 3.21
up Indusind Bank Financial 8.14 7.50 1.42 2.38
down State Bank of India Financial 8.54 9.82 0.00 2.26
down HDFC Financial 14.68 3.65 0.00 2.10
up JM Financial Financial 14.28 1.84 0.00 1.84
down DCB Bank Financial 7.49 4.59 1.69 1.69
up Repco Home Finance Ltd. Financial 2.60 3.34 1.14 1.58
up Cholamandalam Financial Holdings Financial 11.18 2.22 0.00 1.57
equal ICICI Prudential Life Insurance Co. Ltd. Financial 57.57 2.53 0.00 1.34
new SBI Life Insurance Company Financial 60.80 3.03 0.00 1.14
equal Aditya Birla SL Banking ETF Reg-G Financial -- 1.02
down RBL Bank Financial 17.32 1.97 0.00 0.92
equal ICRA Financial 28.68 0.74 0.34 0.44
down City Union Bank Financial 19.35 0.87 0.00 0.21
down SBI Cards & Payments Services Financial 52.65 1.38 0.00 0.21
new HDFC Asset Management Company Financial 41.46 0.96 0.00 0.03

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-Jun-2020

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).

Funds Managed:


-2.66%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 23.4400

Dividend: ₹ 15.2800


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: 13.81%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 1,418 Cr (As on 30-Jun-2020)
Expense: 1.29% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 116.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend31-Jan-20201.4344

 31-Jan-20191.4078
 31-Jan-20182.5700
 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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM