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Aditya Birla SL Banking & Financial Services Fund(G)-Direct Plan

Aditya Birla SL Banking & Financial Services Fund(G)-Direct Plan
Dividend Yearly
NA
Category
Equity - Banking
52-week NAV high
32.52  (As on 20-08-2018)
52-week NAV low
25.17  (As on 26-10-2018)
Expense
1.29%  (As on 31-03-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 2.45 9.56 19.47 7.21 12.04 21.77 16.01 22.07 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Dec 14, 2013
Last Dividend
NA
Minimum Investment
1000

The Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option is an open-ended sector scheme that focuses on the banking and financial services industry. It is offered by Birla Sun Life Mutual Fund and managed by Birla Sun Life Asset Management Company Limited.

Investment Objective of the Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option

The investment objective of the Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option is to generate capital appreciation in the long term via investment in a portfolio consisting of equity and equity-related instruments of companies that operate in the banking and financial services sector.

Key Features of the Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option

Here are some of the key features of the Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option:

Type of Fund

Open-ended sector scheme

Plans Available

  1. Regular Plan
  2. Direct Plan

Options Under Each Plan

Both the Direct Plan and the Regular Plan come with the following options:

  1. Dividend Option
  2. Growth Option

The Dividend Option comes with the following facilities:

  1. Payout
  2. Reinvestment

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Risk Factor

High

Investment Amount for the Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option

Minimum Application Amount (for Growth option)

Rs.1,000 and in multiples of Re.1 thereafter

Minimum Additional Investment (for Growth option)

Rs.1,000 and in multiples of Re.1 thereafter

Minimum Instalment for Systematic Investment Plans

Minimum of Rs.1,000 per month (minimum of six instalments)

Entry Load

Not Applicable

Exit Load

  • In case of redemptions within a year from the date of allotment, the exit load charged shall be 1% of the applicable NAV
  • In case of redemptions after the completion of a year from the date of allotment, there will be no exit load

Asset Allocation for the Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option

Instruments

Allocations (Percentage of total assets)

Risk Profile

Equity and Equity-related instruments of companies operating in the banking and financial services sector

80% to 100%

High

Cash, money market, and debt instruments

0% to 20%

Low

NAV Disclosure and Benchmark for Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option

The Asset Management Company shall calculate the NAV of the Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option on a daily basis and shall be published in at least two daily newspapers that are circulated across India. Moreover, investors can also check the Net Asset Value of the Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option on the website of Birla Sun Life Mutual Fund along with the website of the Association of Mutual Funds in India.

Benchmark Index of the Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option: Nifty Financial Services Index.

Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option Fund Manager

The Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option is managed by Mr. Satyabrata Mohanty and Mr. Dhaval Gala. Mr. Mohanty is the Head of Mixed Assets with Birla Sun Life Mutual Fund, and has more than 17 years of experience in finance in research. He has been managing the Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option since it was introduced. Mr. Gala is a Fund Manager with Birla Sun Life, and has more than nine years of experience in financial markets. He has been in charge of the Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option since August 2015.

Why you should invest in the Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option

The Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Option can be a worthwhile investment option for those who want capital appreciation in the long term through investment in equity and equity-related instruments of companies that are involved in banking and financial services.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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