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 |
|
|
Options Under Each Plan |
Both the Direct Plan and the Regular Plan come with the following options:
The Dividend Option comes with the following facilities:
|
|
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 |
|
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.
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.
GST rate of 18% applicable for all financial services effective July 1, 2017.
