BANKING GENERAL KNOWLEDGE
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Detailed explanation-1: -Sun Life will invest Rs 1, 664 crore to increase its stake in Birla Sun Life Insurance (BSLI) from 26 per cent to 49 per cent. BSLI, a joint venture between Aditya Birla Nuvo (74 per cent) and Sun Life Financial (26 per cent), has been valued at Rs 7, 235 crore.
Detailed explanation-2: -Current NAV: The Current Net Asset Value of the Aditya Birla Sun Life Regular Savings Fund as of Feb 14, 2023 is Rs 52.79 for Growth option of its Regular plan. 2. Returns: Its trailing returns over different time periods are: 3.03% (1yr), 9.19% (3yr), 5.81% (5yr) and 9.33% (since launch).
Detailed explanation-3: -For the year ending March 2022 Aditya Birla Sun Life AMC has declared an equity dividend of 229.00% amounting to Rs 11.45 per share. At the current share price of Rs 404.90 this results in a dividend yield of 2.83%. Aditya Birla Sun Life AMC had last declared a dividend of 229.00% for the year ending March 2022.
Detailed explanation-4: -Current NAV: The Current Net Asset Value of the Aditya Birla Sun Life Flexi Cap Fund-Direct Plan as of Feb 14, 2023 is Rs 1, 231.32 for Growth option of its Direct plan. 2. Returns: Its trailing returns over different time periods are:-8.13% (1yr), 17.14% (3yr), 10.28% (5yr) and 15.98% (since launch).
Detailed explanation-5: -Expense ratio: The expense ratio of the fund is 1.8% for Regular plan as on Aug 31, 2022. 6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.