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PlaystoreAditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
Equity
Sectoral
An open ended equity scheme investing in the Banking & Financial Services sectors
Aditya Birla Sun Life Banking and Financial Services Fund Overview
Aditya Birla Sun Life Banking and Financial Services Fund is an open-ended equity scheme investing in the Banking & Financial services sector
Investment Objective
The primary investment objective of the Scheme is to generate long-term capital appreciation to unitholders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.
The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.
Why one can invest:
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If you are looking for long term capital appreciation for your investment
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If you are looking to invest in the banking and financial services sector, which is the backbone of the fast-growing Indian economy
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If you are looking for sectoral investment in an expanding sector that is poised for long-term future growth prospects
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If you are looking to for diversified exposure to banking and financial services sector with low investments as little as Rs.1,000
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If you are looking for a tax-efficient investment route for your long-term investing goals – 5 years or more
Click here to know more about tax savings mutual funds
Fund Details
CAGR
Latest NAV
(as on )
AUM
()
Inception Date
()
Risk
Investment Horizon
5 years +
Annual Benchmark Returns
Min Investment
Entry load
NIL
Exit load
1%
For redemption/switch-out of units on or before 30 days from the date of allotment: 1.00 % of applicable NAV.
Total Expense Ratio (TER)
Sharp Ratio
Beta Ratio
Other Parameters
Standard Deviation
Modified Duration
-
Yield to Maturity
-
Portfolio Turnover:
-
Average Maturity
-
Macaulay Duration
-
Net Equity Exposure
-
Fund Managers
Mr. Dhaval Gala
Mr. Dhaval Joshi
Riskometer
(An open ended equity scheme investing in the Banking & Financial Services sectors)
This product is suitable for investors who are seeking
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Long-term capital growth
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Investments in equity and equity related securities of companies engaged in banking and financial services.
*Investors should consult their financial advisers if in doubt whether the product is suitable for them
Portfolio & Sector Holdings
Retail
% of Net Assets
Sector Holdings
Dividend History
Any income received under this option would be considered as income for the investors and hence would be taxed at applicable tax slab rates.
Investment Performance
IDCW Plan of this scheme has distributed income to its investors out of its earnings, from time to time. The details of the same is tabulated:| Declared on date | IDCW Yield (Regular Plan) | IDCW Per Unit | Cum IDCW NAV |
|---|
Fund Summary
- The Indian stock market is home to stocks from across several sectors. Each having its own unique features and growth trajectory.
- Amongst these, the Banking and Financial Services sector is an all-encompassing sector - a core sector, essential for a fast growing yet developing economy like India. It includes banks as well as financial services companies such as NBFCs, insurance companies, rating agencies, broking companies, microfinance companies, housing finance, wealth management etc.
- A sector with strong fundamentals and robust growth drivers – favourable demographics, high innovation, and government support, to name a few. All this can be this sector key for high investor returns.
- Aditya Birla Sun Life Banking and Financial Services Fund is an equity oriented, sectoral fund. It applies fund manager expertise, with the aim to build a robust portfolio of banking and financial service sector stocks that have good long-term growth potential.
- The fund is suited for a long-term investing period
Click here to know more about Equity Funds
- Amongst these, the Banking and Financial Services sector is an all-encompassing sector - a core sector, essential for a fast growing yet developing economy like India. It includes banks as well as financial services companies such as NBFCs, insurance companies, rating agencies, broking companies, microfinance companies, housing finance, wealth management etc.
- A sector with strong fundamentals and robust growth drivers – favourable demographics, high innovation, and government support, to name a few. All this can be this sector key for high investor returns.
- Aditya Birla Sun Life Banking and Financial Services Fund is an equity oriented, sectoral fund. It applies fund manager expertise, with the aim to build a robust portfolio of banking and financial service sector stocks that have good long-term growth potential.
- The fund is suited for a long-term investing period
Click here to know more about Equity Funds
Fund discipline
- The Scheme aims to allocate a minimum of 80% (up to 100%) of its net assets to Equity and Equity related securities of Banking and Financial Services Companies.
- The Scheme may also invest up to 20% of its net assets in cash, money market and debt instruments.
- The Scheme will adopt an active management style to optimise returns primarily in the form of long-term capital appreciation. Income generation may only be a secondary objective.
- The Scheme will investment in Banks and Financial Services companies, guided by AMFI sector classification. The scheme may also invest in IPOs of companies from this sector.
Value Added Products
- Systematic Transfer Plan (STP) investing allows investors to periodically transfer a pre-decided investment amount from this fund into any other open ended fund of Aditya Birla Sun Life
- STP facility is available on daily, weekly, monthly or quarterly basis
- Systematic Withdrawal Plan (SWP) investing allows investors to provide standing instructions for periodic withdrawal of specified amounts from investment in the fund.
- The withdrawal can be ‘fixed withdrawal’ which specifies a fixed amount, or ‘appreciation withdrawal’ which provides for withdrawal of capital appreciation at periodic intervals
- From daily to annual withdrawals, several period withdrawal options are available to investors
- Systematic Investment Plan (SIP) investing allows investors to invest pre-determined sums of money regularly and at periodic intervals (monthly or weekly) in the fund
- Potential to give investors benefit of compounding over the long term. Furthermore, through rupee cost averaging helps better manage market volatility
- SIP facility is augmented by several add ons such as Step-up SIPs, Pause SIP, Multi Scheme SIPs, Century SIP etc.
Tax Applicability
Investment held for less than 12 months
Short Term Capital Gain Tax would be applicable. Any gains/profits would be taxed at 15% (plus applicable surcharge and cess).
Investment held for more than 12 months
Long Term Capital Gain Tax would be applicable. Gains/profits in excess of Rs. 1 lakh would be taxed at 10% without indexation (plus applicable surcharge and cess).
Any income received under this option would be considered as income for the investors and hence would be taxed at applicable tax slab rates.
Forms & Downloads
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Frequently Asked Questions
There are two ways in which you can invest in this fund.
o Via Direct Plan - here you can purchase units of the fund directly from Aditya Birla Sun Life Mutual Fund
o Via Regular Plan – here you can invest through a distributor or broker of your choice
The primary difference between these two plans is in the expense ratio they apply. Your choice of plan thus directly impacts the returns from your investment.
Currently the regular plan has an expense ratio of ____%, whereas the direct plan charges a lower expense ratio of ____%.
Choosing a direct plan over regular plan, means your investments will be subject to a lower expense ratio which translates into better returns on your investment.
The fund charges an expense ratio which essentially becomes the cost of your investment. This expense ratio is charged to provide for fund expenses such as fund management and other administrative costs. It is charged annually.
The fund charges an expense ratio of ____% on a regular plan and ____% on a direct plan. (As on _______)
AUM or assets under management denotes the total market value of investments in Aditya Birla Sun Life Banking & Financial Services Fund that is being managed by the Aditya Birla Sun Life.
Your investment in this fund, made via direct plan can be easily redeemed online. This can be done by logging in with your investor credentials, either through the app or the desktop webpage.
Redemption can be made basis a specified amount or basis of number of units you wish to redeem.
Yes, you can do both SIP and lump-sum investment in Aditya Birla Sun Life Banking & Financial Services Fund. The choice of mode of investing will be guided by your investing objective, risk appetite, investing term and affordability
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