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
Expense Ratio: 2.03% As on (30-04-2023)
Status: Open Ended Schemes
Minimum Investment: 1000.0
Minimum Topup: 1000.0
Total Assets: 2,524.46 Cr As on (30-04-2023)
Turn over: 19% | Exit Load: 1% for redemption within 30 days

42.96

16.81%

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
There is no value for 5x
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 24.99
Sharpe Ratio 0.87
Alpha 0.29
Beta 0.96
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 21.63 9.36 30.52 8.89 -
Tata Banking And Financial Services Fund-Regular Plan-Growth 18-12-2015 26.1 9.69 24.63 10.66 -
LIC MF Banking And Financial Services Fund-Regular Plan-Growth 23-03-2015 25.85 11.04 24.83 8.47 -
Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option 01-05-2003 24.78 14.35 36.19 9.64 14.1
Sundaram Financial Services Opportunities Fund Regular Plan - Growth 10-06-2008 24.78 11.54 28.4 11.81 13.43
HDFC Banking and Financial Services Fund - Growth Option 05-06-2021 23.46 - - - -
Taurus Banking & Financial Services Fund - Regular Plan - Growth 22-05-2012 23.32 10.64 26.08 11.34 12.15
Mirae Asset Banking and Financial Services Fund Regular Growth 05-12-2020 21.8 9.82 - - -
Invesco India Financial Services Fund - Retail Growth 14-07-2008 21.06 8.83 24.71 9.87 14.01
UTI Banking and Financial Services Fund - Regular Plan - Growth Option 01-08-2005 20.37 8.8 27.71 6.21 10.79

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

9.08%

Others

5.99%

Large Cap

69.04%

Mid Cap

15.91%

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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