Investment Objective and Approach

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 fund follows a focused investment strategy targeting companies in the financial sector, specifically banking and financial services companies.

The primary investment objective of the Scheme is to generate long-term capital appreciation to unitholders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. This sectoral approach allows investors to participate in the growth potential of India's financial sector while maintaining a diversified portfolio within this specific segment.

The fund managers employ a quality-focused investment philosophy, prioritizing companies that demonstrate strong fundamentals and growth prospects. The investment approach emphasizes careful stock selection and long-term value creation for investors.

Fund Managers

Satyabrata Mohanty, Dhaval Gala is the Current Fund Manager of Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth fund. Both fund managers bring extensive experience and expertise to managing this sectoral fund.

Satyabrata Mohanty

Mr. Satyabrata Mohanty is the Head of Mixed Assets at ABSLMF. A chartered accountant by training, Mr. Mohanty has been associated with the Aditya Birla for over 20 years. He joined the organisation in 1998 as a management trainee and has since then served it in various capacities. He moved over to their asset management division, where he became a co-head in 2003. His equity management career began in 2009 in the same organisation.

During various points in his tenure, Mr. Mohanty has managed Advantage Funds, Dividend Yield Plus, India Reforms and Special Situations Funds. His most preferred investments are in companies which show a robust growth pattern (CAGR of 20% and above) over a long period.

Dhaval Gala

Mr. Dhaval Gala is a Fund Manager and Senior Analyst with Aditya Birla Sun Life AMC Limited (ABSLAMC). Dhaval is an MBA in Finance from N L Dalmia Institute of Management and Research, Mumbai. He has been a senior investment analyst for equities since February, 2011 at the AMC. Before joining the AMC, Mr. Gala had worked at leading financial companies like J.P. Morgan Chase India and B&K Securities. At Aditya Birla Sun Life Mutual Fund house, Mr. Gala heads the Birla Sun Life Banking & Financial Services Funds division along with his senior colleague, Mr. Satyabrata Mohanty.

About the Fund House (AMC)

Aditya Birla Sun Life Mutual Fund (ABSLMF) is a collaborative venture jointly sponsored by Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. Managed by Birla Sun Life Asset Management Company Limited, it is headquartered in Mumbai and was established in 1994, celebrating nearly 3 decades of successful operation in the Indian financial landscape.

The Aditya Birla Group, one of the largest business conglomerates in India, boasts a gross revenue of $65 billion. Conversely, Sun Life is a global giant in life insurance, holding a significant position on the Fortune 500 list, with expertise extending to investment management.

ABSLMF stands as one of the foremost asset management companies in India, commanding a substantial presence. As Managing Director & CEO, Mr. Balasubramanian oversees Assets over ₹4 lakh crores including Alternate Business of the Company.

Key highlights of the fund house:

- Aditya Birla Sun Life Mutual Fund was established as a joint venture between Aditya Birla Group of India and Sun Life Financial Inc of Canada in 1994. It is one of the largest fund houses in India. It commenced operations after registering with SEBI or the Securities and Exchange Board of India in 1994

- Strong parentage with Aditya Birla Group and Sun Life Financial

- Managing Director & CEO A. Balasubramanian has over three decades of experience in the mutual fund industry

- Mr. Balasubramanian was awarded CEO of the Year title by Asia Asset Management in 2018 and 2020. He has been awarded the Chairman's Individual Award by the Aditya Birla Group for being an Outstanding Leader in 2015 and for being a Leader of Leaders in 2018

Should I Invest in Aditya Birla Sun Life Banking & Financial Services Fund?

This fund is suitable for investors who:

Risk Profile: The Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth is rated Very High risk. This sectoral fund carries higher risk due to its concentrated exposure to banking and financial services sector.

Investment Horizon: The fund is designed for long-term investors with a minimum investment horizon of 3-5 years, given its equity-oriented nature and sectoral focus.

Return Expectations: Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has given a CAGR return of 18.23% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.37%, 22.81% and 24.22% respectively as of July 2025.

Key Financial Metrics (as of July 2025):

- AUM: ₹4,11,970 Cr (as of July 21, 2025)

- Expense Ratio: 1.1% for Direct Growth plan

- Exit Load: 1% if redeemed within 30 days

- Minimum SIP: ₹100

- Minimum Lumpsum: ₹1,000

Considerations:

- High concentration in banking and financial services sector increases volatility

- Performance is closely tied to the health of India's financial sector

- Suitable for investors bullish on banking sector growth

- This fund has a consistency rating of which indicates that the fund has generated average returns. However, whatever returns that the fund delivers, it does so with exceptional consistency. You can consider this fund if the predictability of returns is what you are looking for

FAQs

What is today's NAV of Aditya Birla Sun Life Banking & Financial Services Fund?

The NAV of the fund today is ₹69.34 for the Direct Growth plan. NAV is updated daily and changes based on market conditions.

What is the AUM of Aditya Birla Sun Life Banking & Financial Services Fund?

The fund currently has an Asset Under Management(AUM) of ₹4,11,970 Cr as of July 21, 2025, making it one of the larger sectoral funds in the banking category.

What is the expense ratio of Aditya Birla Sun Life Banking & Financial Services Fund?

The expense ratio is 1.06% for the Direct Growth plan. The Regular plan has a higher expense ratio due to distributor commissions.

What are the returns of Aditya Birla Sun Life Banking & Financial Services Fund since inception?

Aditya Birla Sun Life Banking & Financial Services Fund Direct Growth has given a CAGR return of 18.23% since inception as of July 2025.

What is the minimum SIP amount to invest in Aditya Birla Sun Life Banking & Financial Services Fund?

Minimum SIP Investment is set to ₹100, making it accessible for small investors to start systematic investments.

How do I invest in Aditya Birla Sun Life Banking & Financial Services Fund?

You can invest through Allvest platform by completing your KYC, selecting the fund, choosing SIP or lumpsum option, and making payment through various digital modes available on the platform.

How to start a SIP in Aditya Birla Sun Life Banking & Financial Services Fund?

Register with Allvest, complete KYC verification, search for the fund, select SIP option, choose investment amount and frequency, set up auto-debit, and confirm your investment.

How do I automate an SIP in Aditya Birla Sun Life Banking & Financial Services Fund?

To automate an SIP in Aditya Birla Sun Life Banking & Financial Services Fund, use the Auto-Invest feature on Kotak Securities. This allows you to set up automatic investments, SIPs in mutual funds at regular intervals. Once configured, your chosen amount will be invested in the Aditya Birla Sun Life Banking & Financial Services Fund automatically. Similar automation features are available on Allvest platform.

How can I withdraw/redeem my investment in Aditya Birla Sun Life Banking & Financial Services Fund?

Log into your Allvest account, navigate to your portfolio, select the fund units you want to redeem, specify the amount or units, and submit the redemption request. The proceeds will be credited to your registered bank account within 1-3 working days.