CASPeR Ranking #59
Aditya Birla Sun Life Banking & Financial Services Direct Growth
NAV (Tue Sep 17 2024)
₹65
Returns (Since Inception)
14.68%
Category Average
15.44%
Rating
4
Allocation and Holdings
Asset class
Weightage
Financial Services
66.78%
Technology
3.29%
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Overall rating
Scheme Information
Fund name
Aditya Birla Sun Life Banking & Financial Services Direct Growth
Minimum SIP
100
Risk Level
Very High Risk
AUM
₹3270.54 Cr
ISIN
INF209K014W1
Inception Date
Dec 14 2013
Standard Deviation
15.617
Beta
0.97
Sharpe Ratio
0.57
Benchmark
IISL Nifty Financial Services TR INR
Expense Ratio
1.020%
Exit Load
For redemption / switch out of units on or before 30 days from the date of allotment 1.00% of applicable NAV. For redemption / switch out of units after 30 days from the date of allotment Nil.
Risk
Very High Risk
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. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.
Fund Managers
Dhaval Gala
About the AMC
Aditya Birla Sun Life AMC Ltd
Phone Number
+91 22 43568000Email Address
care.mutualfunds@adityabirlacapital.comCorporate Office Address
Aditya Birla Sun Life AMC Ltd,One World Centre, Tower 1, 17th Floor,Jupiter Mill Compound, 841, Senapati Bapat Marg,Elphinstone RoadOverall AUM
₹3270.54 Cr
Website
www.adityabirlasunlifemf.comPopular Hybrid Funds
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frequently asked questions
view all FAQsWhat is the current NAV of Aditya Birla Sun Life Banking & Financial Services Direct Growth?
The NAV of Aditya Birla Sun Life Banking & Financial Services Direct Growth is ₹65 as of Tue Sep 17 2024.
Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.
Who is the fund manager of Aditya Birla Sun Life Banking & Financial Services Direct Growth?
Dhaval Gala is the current fund manager of Aditya Birla Sun Life Banking & Financial Services Direct Growth as on Wed Sep 18 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.
What is the expense ratio of Aditya Birla Sun Life Banking & Financial Services Direct Growth?
The Expense Ratio of Aditya Birla Sun Life Banking & Financial Services Direct Growth is 102.00% as of Wed Sep 18 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 102.00% of those returns will be retained by the AMC.
The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).
Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.
What is the minimum SIP amount of Aditya Birla Sun Life Banking & Financial Services Direct Growth?
The minimum Systematic Investment Plan (SIP) amount required for Aditya Birla Sun Life Banking & Financial Services Direct Growth is ₹100. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.
What is the minimum lump sum amount required to invest in Aditya Birla Sun Life Banking & Financial Services Direct Growth?
To initiate a lump sum investment in Aditya Birla Sun Life Banking & Financial Services Direct Growth, a minimum initial amount of ₹1,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.
What is risk category of the Aditya Birla Sun Life Banking & Financial Services Direct Growth?
In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of Aditya Birla Sun Life Banking & Financial Services Direct Growth is classified as Very High Risk.
What is the category of Aditya Birla Sun Life Banking & Financial Services Direct Growth?
The category of the Aditya Birla Sun Life Banking & Financial Services Direct Growth is Equity.