Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth

Sectoral-Banking and Financial Services NAV 47.41 0 22 September, 2023

Fund Details

Category Sectoral-Banking and Financial Services
Fund Type Open Ended
Investment Plan Growth
Launch Date 01 December, 2013
Benchmark CNX Finance
Asset Size(Cr) 2638.6289
Turn over 20%
Min Investment ₹ 1000
Min SIP Investment ₹ 1000
Min Addl Investment ₹ 1000
Exit Load 1% for redemption within 30 days
Expense Ratio 2.03
Fund Manager Dhaval Gala, Dhaval Joshi
Fund House Aditya Birla Sunlife Mutual Fund

Investment Returns (As on 22 Sep, 2023)

Duration Returns Benchmark Category
1 W 1.53% 1.58% 1.23%
1 M 6.04% 4.02% 5.23%
3 M 3.58% 1.44% 3.14%
6 M 2.27% 0.35% 2.67%
1 Y 12.98% 7.25% 15%
2 Y 11.39% 12.49% 12.08%
3 Y 25.59% 23.79% 23.1%
5 Y 7.86% 12.46% 9.03%

Risk Mesasures (As on 22 Sep, 2023)

Std Dev Sharpe Beta Alpha
Fund 24.99 0.87 0.29 0.96
Benchmark 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 30 Jun, 2023)

Assets Allocation

Sector Holdings
Others 3.64%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth 12.98% 25.59% 7.86%

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ABSL Banking & Financial Services Fund: Best Scheme for High Risk Takers

Another top performing sectoral fund from the house of ABSL is Aditya Birla Sun Life Banking & Financial Services. The scheme has managed to maintain the legacy of ABSL Mutual Fund by providing good returns in the long term. The scheme invests in equity or equity related instruments of the companies related to the banking and financial services.

An Overview of Aditya Birla Sun Life Banking & Financial Services

This Banking & PSU Fund was officially launched on 14th December, 2013 with the prime objective of providing positive gains to the aspiring investors. The mutual fund competes with NIFTY Financial Services TRI in terms of growth & performance. The minimum investment required for beginning the investment journey in ABSL Banking & Financial Services is Rs. 1000. Moreover, the minimum SIP investment required is Rs. 1000. The exit load is 1%, if the redemption is made between 365 days.

Investment Style Followed by ABSL Banking & Financial Services Fund

The sectoral-banking fund of ABSL Mutual Fund follows growth investing and diversify the AUM largely in the large cap companies. The mutual fund park the cash safely in some of the top companies which are engaged into banking and financial services. The fund manager, Mr. Dhaval Gala and Mr. Satyabrata Mohanty shortlisted the best large cap companies having excellent track record in the past and have the tendency to continue the same in the future. In fact, investing the money in the large cap companies reduce the risk factor as well.

Past Performance of Aditya Birla Sun Life Banking & Financial Services

The mutual fund has a glorious past and have outperformed its benchmark and category’s average every single time. The 3 and 5-year annualized returns of the scheme is 20.44% and 20.88%. Although, its been only few years since the launch but the mutual fund has managed to give a tough competition to its peer competitors. Also, according to the current portfolio, the fund can surge even more positive gains in the future. You can check the returns of your invested amount using sip calculator.

Who Should Invest?

Aditya Birla Sun Life Banking & Financial Services - Regular Plan is suitable for the investors who can digest high risk during market downtrend. Although, financial sector is an ever-growing sector but any changes in the government policies, interest rates, credit crisis, etc., can lead to the downfall of the sector. Thus, if you are an investor with high risk appetite then you should consider including this top mutual fund of ABSL in your portfolio.

Advantages of Including ABSL Banking & Financial Services Fund in Your Portfolio

  • Fast Recovery Rate: Financial sector is one of the few sectors of Indian Economy that shows good recovery rate from market volatility. Moreover, the historical records of ABSL Banking & Financial Services depicts the same. The sector has always bounced back from the market turbulence quickly.
  • Strong Government Policies: After the NPA crisis and IL&FS crises, the Government of India has tighten the rules and regulations to eliminate any loop holes in the banking & finance sector. Thus, the risk factor associated with the sector has been diluted which makes Aditya Birla Sun Life Banking & Financial Services Fund as the best and the safest mutual fund to pool your money.
  • Promising Sector: Banking sector is a very promising sector and is considered as the divers of bull run. Thus, this banking fund of ABSL can help you in surging positive gains during market uptrend.

By far, you must have understood that the banking sector is an evergreen sector of Indian Economy that promises good opportunities to the investors. Thus, if you are an investor with high-risk appetite then consider including this fund in your portfolio.

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