Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Banking and Financial Services Fund

Aditya Birla Sun Life Banking and Financial Services Fund

(An open ended equity scheme investing in the Banking & Financial Services sectors)

Investment Objective

The primary investment objective of the scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.

This product is suitable for investors who are seeking

  • Long-term capital growth
  • Investments in equity and equity related securities of companies engaged in banking and financial services

Fund Details

  • Fund Type - Open-Ended
  • Class - Equity
  • Category - Sectoral
  • Min Investment - Rs. 1000/-
  • Fund Manager - Mr. Satyabrata Mohanty & Mr. Dhaval Gala
  • Latest NAV - 30.62 (as on 24-May-2019)
  • Inception Date - Dec 14, 2013
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Applicable Value Added Service & Value Added Products

VAP (Value Added Products)

  • CSIP

    CSIP : Century SIP - SIP to enable your long term wealth creation while providing Free Life Insurance of upto Rs 50 Lacs

VAS (Value Added Services)

  • SIP

    SIP : Systematic Investment Plan - Available Online & Offline for Direct & Regular investors to iron out intermittent market volatility and enable long term savings

  • STP

    STP : Systematic Transfer Plan (STP) allows investors to save in both asset classes by transfering a fixed amount from one scheme and invest in another scheme

  • SWP

    SWP : Systematic Withdrawal Plan allows investors to withdraw a fixed amount of money from their mutual fund to build sustainable income streams while saving on Tax also

  • CATP

    CATP : Capital Appreciation Transfer Plan (CATP) allows investors to preserve their capital and transfer only capital appreciation to another asset class / scheme at regular intervals

Fund Performance

Trailing Return

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Funds are bucketed on various parameters with respect to other funds in their category.
*Annualized returns are displayed for 1 year and above.

Annualized Returns

Fund Management

  • Mr. Satyabrata Mohanty

    Total Experience : 16 years

    View Full Profile
    ​Mr. Satyabrata Mohanty is a CA, CFA. He has been part of Birla group since last 17 years. He has over 12 years of experience in Finance and Research. He has handled responsibilities across Fund Management (Equity & Debt), Trading and Credit Research functions. Prior to joining BSLAMC, he has worked with Aditya Birla Management Corporation Ltd & joined ABG as a management Trainee.
  • Mr. Dhaval Gala

    Total Experience :

    View Full Profile
    Dhaval M. Gala is a Fund Manager and Senior Analyst with Aditya Birla Sun Life AMC Limited (ABSLAMC). He has an overall experience of 13 years in equity and capital market space. He joined ABSLAMC in February 2011 as a part of the Equity Fund Management and Analyst team. He specializes in Banking and Financial Services sector.

    Prior to joining ABSLAMC, Dhaval has worked with B&K Securities Limited and J P Morgan Chase India Private Limited.

    Dhaval is an MBA in Finance from N L Dalmia Institute of Management and Research, Mumbai.
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Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.

Portfolio and Sector Holdings

Top 10 Holdings (As on 30.04.2019)

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Issuer % to Net Assets
Top 10 Sector Holdings Chart

Fund Summary

Entry Load
Exit Load
Load Comments
NIL
1%: For redemption / switch-out of units within 365 days from the date of allotment (% of applicable NAV) NIL : For redemption / switch-out of units after 365 days from the date of allotment
**Exit Load is NIL for units issued in Dividend Reinvestment.

Highlights

  • Investments in equity and equity related securities of companies engaged in banking and financial services

Banking on New Opportunities

Fortunes of the banking and financial services sector are typically linked with economic growth. There are numerous factors that work in favour of the banking and financial services sector. Some of the key factors are: robust demand from middle class, rural penetration and technology-enabled services. According to a report by the National Council for Applied Economic Research's (NCAER) Centre for Macro Consumer Research, by 2015-16, India will be a country of 53.3 million middle class households, translating into 267 million people. Characteristics of the rising middle class include higher purchasing power and also the ability take on extra debt to meet their aspiring lifestyle. Similarly with the advent of technology, the reach of banks has extended to envelope the rural population that was previously unbankable. As a result, the banking and financial services sector has been able to deliver better returns. In this backdrop, Aditya Birla Sun Life Banking and Financial Services Fund (ABSL Banking and Financial Services Fund) could be your answer to unlocking higher returns.

Discipline

As a Sector fund, the portfolio will concentrate on the companies engaged in Banking and Financial Services. The portfolio manager will adopt an active management style to optimize returns. The scheme would invest in Banks as well as Non-banking Financial Services companies, Insurance companies, Rating agencies, Broking companies, Microfinance companies, Housing Finance companies, Wealth Management companies, etc . The scheme may also invest in IPOs of companies which could be classified under Financial Services sector.

Aditya Birla Sun Life Banking and Financial Services Fund

(An open ended equity scheme investing in the Banking & Financial Services sectors)

This product is suitable for investors who are seeking*

  • Long-term capital growth
  • Investments in equity and equity related securities of companies engaged in banking and financial services.

 

*We recommend investors to consult their financial advisers in case of doubt about whether the product is suitable for them.
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Disclaimer

For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.

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