Aditya Birla Sun Life Banking & Financial Services Direct Growth
Min amount: ₹1,000
- Fund Summary
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|Fund Type||Sector - Financial Services|
|Exit Load||1% for 30 Days|
More about this fund
|ICICI Bank Ltd||16.48%|
|HDFC Bank Ltd||11.09%|
|Kotak Mahindra Bank Ltd||10.22%|
|Axis Bank Ltd||8.87%|
|Bajaj Finance Ltd||7.42%|
|State Bank of India||5.59%|
|ICICI Lombard General Insurance Co Ltd||5.55%|
|Bajaj Finserv Ltd||5.33%|
|Repco Home Finance Ltd||3.2%|
|HDFC Life Insurance Co Ltd||3.17%|
About Aditya Birla Sun Life Banking And Financial Services Fund - Direct Plan - Growth
The main objective of Aditya Birla Sun Life Banking And Financial Services Fund is to provide returns in the form of long-term capital appreication by investing mainly in the securities issued by banking and finanicial companies.
Pros and Cons of Aditya Birla Sun Life Banking And Financial Services Fund - Direct Plan - Growth
If you are looking to gain exposure to a portfolio consisting of finanical stocks, then investing in this fund is apt. It invests across various companies operating in the banking and financial services sectors. On the flip side, the risk level is higher since most of the fund’s asset allocation is made towards just one sector.
Fund Information and Statistics
i) Inception/Launch Date
Aditya Birla Sun Life Banking And Financial Services Fund - Direct Plan - Growth was launched on 14 Decemeber 2013.
ii) Risk Level
Aditya Birla Sun Life Banking And Financial Services Fund has been clubbed under the category of ‘high risk’ mutual funds since it caries a higher level of concentration as it invests predominantly in the financial stocks.
Since Aditya Birla Sun Life Banking And Financial Services Fund is an open-ended mutual fund scheme, you can place a redemption request at any time.
iv) Fund Manager
Mr Dhaval Gala is the current fund manager of Aditya Birla Sun Life Banking And Financial Services Fund.
v) Entry/Exit Load
No entry load applies due to the regulations of the Securities and Exchange Board of India (SEBI). An exit load of 1% is chargeable if redeemed within a period of 365 days from the date of allotment. After 365 days, no exit is applicable.
About Aditya Birla Sun Life Mutual Fund
came into existence due to a joint venture between Sun Life AMC Investments Inc and Aditya Birla Capital Limited in the year 1994. The fund house registered with the Indian securities market regulator withAditya Birla Sun Life Trustee Private Limited as its trustee, and Aditya Birla Capital Limited and Sun Life AMC Investments Inc as its sponsors. Aditya Birla Sun Life Mutual Fund is now one of the leading asset management companies (AMCs) in the country with assets of worth a massive Rs 2.14 lakh crore under its management as of June 2020.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns