Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth

Fund House: Aditya Birla Sun Life Mutual Fund
Category: Equity: Sectoral-Banking and Financial Services
Launch Date: 01-12-2013
Asset Class: Equity
Benchmark: Nifty Financial Services TRI
TER: 1.99% As on (31-01-2024)
Status: Open Ended Schemes
Minimum Investment: 1000.0
Minimum Topup: 1000.0
Total Assets: 3,084.89 Cr As on (31-01-2024)
Turn over: 44% | Exit Load: Exit load of 1% if redeemed within 30 days.

49.74

17.17%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
NIFTY 50 TRI
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
2 Years 7 Months
7 Years 10 Months
10 Years 0 Months
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

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 companie, etc.

Current Asset Allocation (%)

Indicators

Standard Deviation 16.96
Sharpe Ratio 0.8
Alpha 3.86
Beta 0.89
Yield to Maturity -
Average Maturity -

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth 01-12-2013 28.73 17.07 13.5 13.88 17.76
Invesco India Financial Services Fund - Retail Growth 14-07-2008 38.22 21.99 16.17 16.4 18.22
Sundaram Financial Services Opportunities Fund Regular Plan - Growth 10-06-2008 36.47 23.28 16.74 18.56 17.5
Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option 01-05-2003 31.03 20.93 18.41 14.96 17.56
SBI Banking & Financial Services Fund - Regular Plan - Growth 01-02-2015 29.78 17.46 11.74 14.74 -
Mirae Asset Banking and Financial Services Fund Regular Growth 11-12-2020 27.65 17.53 13.61 - -
HDFC Banking and Financial Services Fund - Growth Option 05-06-2021 26.93 18.54 - - -
Baroda BNP Paribas Banking and Financial Services Fund - Regular - Growth Option 22-06-2012 26.73 16.3 10.16 12.82 14.77
UTI Banking and Financial Services Fund - Regular Plan - Growth Option 01-08-2005 25.92 17.23 12.58 11.18 14.38
Tata Banking And Financial Services Fund-Regular Plan-Growth 18-12-2015 25.3 18.97 12.32 15.26 -

Scheme Characteristics

Minimum investment in equity & equity related instruments of a particular sector/ particular theme - 80% of total assets.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Small Cap

19.71%

Others

2.16%

Large Cap

63.0%

Mid Cap

15.13%

Tax Benefits of investing in this fund

Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#

Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **

# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund

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