March 22, 2025
mayank
Aditya Birla (ABSL) Banking & Financial Services Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 61.6200
NAV IDCW: Rs 28.9500
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme aims to maximize long term capital appreciation by investing primarily in equity & equity related securities of companies engaged in banking & financial services. The scheme would invest in banks as well as NBFC’s, insurance companies, rating agencies, broking companies, etc.
Fund Manager:
1) Dhaval Gala
Education: Mr. Gala has done BMS from Mithibai College and PGDBM-Finance from N.L.Dalmia Institute of Management Studies & Research.
Experience: Prior to joining Aditya Birla Sun Life Mutual Fund, he has worked with B&K Securities( January 2008- February 2011) and J.P.Morgan Chase India Private Ltd ( May 2005-July 2006).
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 30 days |
Basic Details of Aditya Birla (ABSL) Banking & Financial Services Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 14-Dec-13 |
| Return Since Launch | 17.50% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 3,011 Cr |
| (As on 28-Feb-2025) | |
| Expense | 1.10% |
| (As on 28-Feb-2025) | |
| Risk Grade | Above Average |
| Return Grade | Average |
| Turnover | 16.00% |
Trailing Returns (%) of Aditya Birla (ABSL) Banking & Financial Services Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Banking & Financial Services Dir | 0.69 | 1.67 | 5.35 | 0.67 | -7.37 | 12.34 | 16.05 | 23.29 | 12.45 | 13.62 |
| BSE Bankex TRI | 0.75 | 1.16 | 4.41 | 0.73 | -4.56 | 10.86 | 13.08 | 20.77 | 11.99 | 11.21 |
| Equity: Sectoral-Banking | -0.21 | 1.28 | 4.26 | -0.14 | -6.06 | 13.38 | 16.37 | 22.58 | 13.34 | 13.18 |
| Rank within category | 13 | 3 | 9 | 12 | 24 | 17 | 10 | 5 | 8 | 5 |
| Number of funds in category | 33 | 36 | 34 | 33 | 31 | 26 | 17 | 12 | 11 | 9 |
Peer Comparison of Aditya Birla (ABSL) Banking & Financial Services Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ABSL Banking & Financial Services Dir | 2 star | 12.34 | 16.05 | 23.29 | 1.10 | 3,011 | 17.50 | 1.00 (30) | 11Y 3M | 16.00 |
| SBI Banking & Financial Services Dir | 4 star | 18.12 | 18.78 | 23.62 | 0.90 | 6,475 | 15.36 | 0.50 (30) | 10Y | 141.00 |
| Nippon India Banking & Financial Srvices Dir | 4 star | 13.39 | 18.35 | 26.14 | 1.03 | 6,129 | 14.12 | 1.00 (30) | 12Y 2M | 22.00 |
| Sundaram Financial Services Opportunities Dir | 5 star | 10.08 | 19.81 | 25.05 | 0.87 | 1,325 | 13.91 | 0.50 (30) | 12Y 2M | 71.70 |
| Invesco India Financial Services Dir | 4 star | 16.51 | 19.73 | 24.24 | 0.87 | 1,094 | 15.77 | 1.00 (365) | 12Y 2M | 24.00 |
Portfolio Analysis of Aditya Birla (ABSL) Banking & Financial Services Fund
| No. of Stocks | 40 |
| Top 10 Stocks | 71.91% |
| Top 5 Stocks | 57.67% |
| Top 3 Sectors | 98.37% |
| Portfolio P/B Ratio | 2.12 |
| Portfolio P/E Ratio | 14.58 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,50,272 | 3,29,249 |
| Giant (%) | 65.86 | 66.96 |
| Large (%) | 12.20 | 19.39 |
| Mid (%) | 15.20 | 12.21 |
| Small (%) | 6.75 | 5.52 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Banking & Financial Services Fund
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