Aditya Birla Sun Life Banking & Financial Services Regular Growth - Latest NAV ₹22.16, Returns, Performance & Portfolio

Aditya Birla Sun Life Banking & Financial Services Regular Growth

  • highlight
    4.34%
  • highlight
    (+0.05)22.16

Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 7.65 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years4.34%
3 Years-7.03%
1 Year-17.74%
6 Months-28.33%
Fund Details
ISININF209K011W7
RiskHigh Risk
Fund TypeSector - Financial Services
NAV22.16
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
ICICI Bank Ltd13.02%
HDFC Bank Ltd11.69%
Kotak Mahindra Bank Ltd10.99%
Bajaj Finance Ltd8.1%
Bandhan Bank Ltd7.71%
ICICI Lombard General Insurance Co Ltd7.63%
Axis Bank Ltd5.91%
HDFC Life Insurance Co Ltd5.9%
Bajaj Finserv Ltd4.12%
Cholamandalam Investment and Finance Co Ltd3.21%

About Aditya BSL Banking & Fin Services Fund

The Aditya BSL Banking & Fin Srvcs Fund is an open-ended equity scheme. It seeks to generate long-term capital growth by investing in a portfolio of equity and equity-related instruments of companies engaged in banking and financial services.

Pros & Cons of Aditya BSL Banking & Fin Services Fund

  • The fund manager adopts an active management approach to optimize returns. The scheme invests in banks as well as NBFCs, insurance companies, broking companies, microfinance companies, housing finance companies, wealth management companies, etc.
  • As on September 30, 2018, the scheme is not ranked under CRISIL’s Sectoral/ Thematic Fund category.
  • Further, it has generated returns of 22.66% per year over the last 5 years (as on January 18, 2019). However, the returns over the last year have been negative (-5.56%).

Fund Information and Statistics of Aditya BSL Banking & Fin Services Fund

Inception / Launch Date

The scheme was launched on 14 December 2013 by Aditya Birla Sun Life Mutual Fund.

Risk Level

According to the investment objective and asset allocation of the scheme, it has a High risk-level associated with it.

Redemption

The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

Fund Manager(s)

The Fund Managers of the Aditya BSL Banking & Fin Srvcs Fund are :- 1. Mr. Satyabrata Mohanty (since inception) 2. Mr. Dhaval Gala (since 26 August 2015)

Entry / Exit Load

There is no entry load in this scheme.

The exit load structure is as follows :-

  • If the units are redeemed after the completion of 365 days from the date of allotment of the said units, then the exit load = Nil
  • If the units are redeemed within 365 days from the date of allotment of the said units, then the exit load = 1% of the applicable NAV

Tax benefits of investing in Aditya BSL Banking & Fin Services Fund

The following taxes are applicable to income arising from investing in this scheme:

  • STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units.
  • LTCG (units are held for a period of more than 12 months), in excess of Rs 1 Lakh, is taxed at 10 percent without indexation benefits on the redemption of units.

About Aditya Birla Sun Life Mutual Fund

With a presence in over 249 location across India, Aditya Birla Sun Life Mutual Fund (ABSLMF) is one of India’s leading fund houses. It was established as a joint venture between the Aditya Birla Group and Sun Life Financial Inc. from Canada in 1994. Managing millions of investor folios and offering a plethora of investment schemes, the fund house is set to deepen mutual fund penetration in the country.

Customer Reviewsstar

  • " Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "

    IT Developer, Bangalore
  • " I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "

    Software Engineer, Indore
  • " Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "

    Campus Manager, Bangalore

Invest Now in 3 Easy Stepsstar

  • 1
  • 2
  • 3

Why ClearTax Invest?

  • checkOur experts do all the research and offer only the BEST mutual funds
  • checkTrusted by Over 25 Lakh Indians
  • checkInvest in just 5 minutes
  • checkNo paperwork required
  • checkSimple and easy to use

Frequently Asked Questions

  • Read More

Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 7.65 Lakhs in a period of 20 years
High Risk

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