VR Logo

2 star

Aditya Birla Sun Life Tax Relief 96 - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.52 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.83 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 16.71 0.39 -1.33 1.04 7.04 15.70 34.90 14.91 12.78 14.62 --
S&P BSE 500 TRI 35.93 -0.50 -1.76 3.68 15.04 29.28 60.84 23.03 17.01 14.96 --
Equity: ELSS 36.27 -0.41 -1.73 3.64 13.45 29.11 60.10 22.91 16.18 15.39 --
Rank within category 38 1 13 35 37 38 38 35 30 15 --
Number of funds in category 38 38 38 38 38 38 38 35 34 29 1

As on 21-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Aditya Birla Sun Life Tax Relief 96 - Direct Plan  | Invest Online
2 star
Jan-13 34.90 14.91 12.78 0.91% 14,855
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 63.17 25.99 19.28 0.74% 34,371
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 64.26 28.90 22.48 0.44% 9,832
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 67.49 27.18 17.61 0.87% 9,756
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 82.01 25.65 19.42 0.81% 3,439

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 11.44 24-Mar-2020 - 31-Mar-2020 -19.50 16-Mar-2020 - 23-Mar-2020
Month 21.10 23-Mar-2020 - 22-Apr-2020 -33.87 20-Feb-2020 - 23-Mar-2020
Quarter 34.36 23-Mar-2020 - 22-Jun-2020 -32.24 23-Dec-2019 - 23-Mar-2020
Year 80.81 13-Feb-2014 - 13-Feb-2015 -29.01 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 13.90 19.69 0.51 0.58 0.86 -4.49
S&P BSE 500 TRI 20.70 22.02 0.76 0.86 -- --
Equity: ELSS 20.60 21.56 0.77 0.83 0.95 0.72
Rank within category 35 3 34 32 3 32
Number of funds in category 35 35 35 35 35 35

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2021

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 39
Top 10 Stocks (%) 54.92
Top 5 Stocks (%) 35.60
Top 3 Sectors (%) 51.65
Portfolio P/B Ratio 5.14
Portfolio P/E Ratio 39.45

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 71,935 1,33,866
Giant (%) 37.66 51.26
Large (%) 2.96 16.18
Mid (%) 50.58 25.11
Small (%) 8.79 7.62
Tiny (%) -- 0.22

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Financial 25.49 9.67 4.40 8.73
down Honeywell Automation Engineering 83.03 10.11 6.74 8.31
down Reliance Industries Ltd - Partly Paid Equity Energy -- 7.92
equal Pfizer Healthcare 41.63 9.52 5.23 7.05
equal Kotak Mahindra Bank Financial 42.79 6.95 3.12 6.24
equal Bayer CropScience Chemicals 45.94 7.93 4.28 5.28
equal Larsen & Toubro Construction 20.36 4.56 1.11 4.54
equal ICICI Bank Financial 26.23 4.46 1.39 4.24
equal Glaxosmithkline Pharma Healthcare 67.32 5.73 3.77 3.77
equal Gillette FMCG 59.55 7.48 3.73 3.73
equal HDFC Bank Financial 27.18 3.36 1.69 3.04
equal Kansai Nerolac Paints Chemicals 49.39 3.12 1.08 2.96
equal Shree Cement Construction 38.51 3.01 1.74 2.73
equal Fortis Healthcare Healthcare 60.22 2.93 0.00 2.60
equal Quess Corp Financial 188.99 2.14 0.00 2.14
equal IDFC First Bank Financial -- 3.17 0.00 2.11
equal Sundaram-Clayton Automobile 15.45 4.82 1.28 2.03
equal Johnson Controls - Hitachi Air Conditioning India Consumer Durable 128.27 3.57 1.99 1.99
equal Tata Consultancy Services Technology 35.73 2.08 1.10 1.99
equal Biocon Healthcare 61.34 3.00 1.61 1.80
equal P&G Hygiene & Health Care FMCG 73.22 1.80 0.84 1.79
equal Container Corporation Of India Services 57.55 1.53 0.08 1.46
equal Shoppers Stop Ltd. Services -- 3.54 0.81 1.25
equal Bata India FMCG -- 1.70 1.04 1.22
equal MRF Automobile 24.14 1.80 1.12 1.14

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2021


0.39%

Change from previous, NAV as on 21-Oct-2021

Growth: ₹ 46.6500

IDCW: ₹ 321.7000


Investment Strategy

The scheme seeks long-term capital growth and will invest approximately 80 per cent of its assets in equity, while the balance would be a invested in debt and money market instrument. It was converted to an open-ended scheme with effect from July 1999. A combination of top down & bottom up approach will be followed in the stock selection process.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 500
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 16.63%
Benchmark: S&P BSE 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 14,855 Cr (As on 30-Sep-2021)
Expense: 0.91% (As on 31-Aug-2021)
Risk Grade: Average
Return Grade: Below Average
Turnover: 6.00%

Contact Information

AMC: Aditya Birla Sun Life AMC Ltd.

Address: One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai - 400013

Phone: 022-43568000 / 1800-270-7000 / 1800-22-7000

Fax: 022-43568110

Website: http://mutualfund.adityabirlacapital.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

Investors' Hangout

The investment mindset: These women show the way

DateFriday, 29-Oct-2021
Time12:30 PM - 01:00 PM