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3 star

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


1 Lakh

Investment declined to
₹ 0.89 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.34 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 -22.76 0.66 1.06 9.00 4.71 28.76 -15.34 -3.71 8.82 -- --
S&P BSE Bankex TRI -23.72 1.36 3.34 15.12 8.38 26.39 -14.83 1.61 7.20 -- --
Equity: Sectoral-Banking -19.84 0.94 2.19 11.67 6.10 26.12 -11.85 -0.12 7.88 -- --
Rank within category 9 12 13 12 12 1 10 9 4 -- --
Number of funds in category 13 13 13 13 13 13 13 11 10 7 0

As on 21-Oct-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 -15.34 -3.71 8.82 1.25 1,464
SBI Banking & Financial Services Fund - Direct Plan
5 star
Feb-15 -5.82 6.27 13.69 1.10 1,495
Tata Banking and Financial Services Fund - Direct Plan  | Invest Online
4 star
Dec-15 -7.03 2.44 -- 1.08 449
ICICI Prudential Banking and Financial Services Fund - Direct Plan  | Invest Now
3 star
Jan-13 -14.75 -2.43 9.13 1.32 2,685
Nippon India Banking Fund - Direct Plan  | Invest Online
2 star
Jan-13 -18.60 -5.60 4.50 1.51 2,010

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 -0.46 31.20 -0.18 -0.18 1.00 -2.09
S&P BSE Bankex TRI 1.64 29.75 -0.12 -0.12 -- --
Equity: Sectoral-Banking 1.69 28.59 -0.11 -0.12 0.93 -0.19
Rank within category 8 10 8 8 8 8
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-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 23
Top 10 Stocks (%) 73.31
Top 5 Stocks (%) 50.20
Top 3 Sectors (%) 98.56
Portfolio P/B Ratio 2.01
Portfolio P/E Ratio 19.84

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,07,867 1,61,701
Giant (%) 69.39 75.19
Large (%) 17.55 9.77
Mid (%) 4.17 13.17
Small (%) 8.89 5.12
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 28.07 15.28 10.19 13.52
equal HDFC Bank Financial 22.98 19.13 8.05 10.53
equal Kotak Mahindra Bank Financial 32.17 10.99 0.00 9.93
equal Bajaj Finance Financial 43.90 10.99 5.38 8.19
up Axis Bank Financial 91.28 8.20 0.00 8.03
equal ICICI Lombard General Insurance Company Financial 43.76 8.86 0.00 7.26
equal Bajaj Finserv Financial 26.75 5.29 1.68 4.99
equal Bandhan Bank Financial 18.05 7.97 0.00 4.46
equal HDFC Life Insurance Financial 84.29 5.90 0.00 3.39
up Indusind Bank Financial 13.12 7.50 1.42 3.01
equal HDFC Financial 16.64 3.65 0.00 2.96
equal State Bank of India Financial 8.38 9.82 2.26 2.96
up Cholamandalam Financial Holdings Financial 10.20 2.39 0.00 2.39
equal Cholamandalam Invest. & Fin. Financial 16.99 4.56 0.99 2.24
equal Repco Home Finance Ltd. Financial 4.08 3.30 1.14 2.06
equal JM Financial Financial 14.65 1.97 0.00 1.97
equal RBL Bank Financial 23.46 1.97 0.00 1.74
equal HDFC Financial 16.64 1.70
equal DCB Bank Financial 7.43 4.59 1.67 1.69
equal HDFC Asset Management Company Financial 39.04 1.42 0.00 1.33
new Computer Age Management Services Financial 37.63 1.33 0.00 1.33
equal Aditya Birla SL Banking ETF Reg-G Financial -- 0.99
equal SBI Life Insurance Company Financial 54.02 3.03 0.00 0.83
equal SBI Cards & Payments Services Financial 67.20 1.38 0.00 0.56
equal ICRA Financial 28.26 0.66 0.34 0.48

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-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:


0.66%

Change from previous, NAV as on 21-Oct-2020

Growth: ₹ 25.7900

Dividend: ₹ 16.8100


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: 14.82%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 1,464 Cr (As on 30-Sep-2020)
Expense: 1.25% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 94.00%

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

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