Aditya Birla Sun Life Tax Relief 96

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Equity: ELSS

Analysts' Choice?

1 Lakh

Investment Grown to

₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to

₹ 4.31 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.

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Annual Returns

Quarterly Returns

Monthly Returns

Weekly Returns

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Amount (₹)

Start date

End date

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Trailing Returns (%)

	YTD	1-Day	1-W	1-M	3-M	6-M	1-Y	3-Y	5-Y	7-Y	10-Y
Fund	1.43	-0.83	-0.98	-0.41	-3.40	12.74	41.74	5.76	11.69	14.98	13.17
S&P BSE 500 TRI	8.85	-0.53	-0.69	2.39	0.07	20.24	68.45	11.48	15.22	13.67	12.19
Equity: ELSS	8.59	-0.64	-0.82	2.45	-0.26	19.87	61.52	9.35	13.43	14.00	12.86
Rank within category	37	29	24	38	34	36	36	30	22	11	12
Number of funds in category	38	38	38	38	38	38	38	35	33	29	27

As on 14-May-2021

Peer Comparison

Fund name	Launch Date	1-Year Return	3-Year Return	5-Year Return	Expense Ratio	Assets (Cr)
Aditya Birla Sun Life Tax Relief 96 \| Invest Online	Mar-96	41.74	5.76	11.69	1.98	13,388
Axis Long Term Equity Fund	Dec-09	52.25	12.22	15.23	1.85	28,239
DSP Tax Saver Fund \| Invest Online	Jan-07	68.41	13.13	16.04	1.79	8,176
Mirae Asset Tax Saver Fund - Regular Plan \| Invest Online	Dec-15	75.33	15.83	20.65	1.97	7,251
Canara Robeco Equity Tax Saver Fund - Regular Plan \| Invest Online	Mar-93	62.28	16.16	16.52	2.34	2,044

Best & Worst Performance

	Best Performance		Worst Performance
	Return (%)	Period	Return (%)	Period
Week	23.35	13-May-2009 - 20-May-2009	-20.12	15-Jan-2008 - 22-Jan-2008
Month	50.46	21-Jan-2000 - 22-Feb-2000	-36.20	24-Sep-2008 - 24-Oct-2008
Quarter	138.12	22-Nov-1999 - 22-Feb-2000	-45.04	02-Sep-2008 - 02-Dec-2008
Year	387.28	22-Feb-1999 - 22-Feb-2000	-65.58	03-Dec-2007 - 02-Dec-2008

Risk Measures (%)

	Mean	Std Dev	Sharpe	Sortino	Beta	Alpha
Fund	7.34	20.53	0.14	0.18	0.88	-4.54
S&P BSE 500 TRI	12.90	22.64	0.38	0.43	--	--
Equity: ELSS	10.82	22.29	0.29	0.33	0.96	-1.73
Rank within category	30	4	30	29	3	28
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-Apr-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks	39
Top 10 Stocks (%)	56.20
Top 5 Stocks (%)	37.22
Top 3 Sectors (%)	60.05
Portfolio P/B Ratio	4.69
Portfolio P/E Ratio	37.82

Portfolio Aggregates

	Fund	Category
Average Mkt Cap (Rs Cr)	65,586	1,16,158
Giant (%)	36.83	51.00
Large (%)	7.14	16.48
Mid (%)	45.98	24.08
Small (%)	10.05	8.63
Tiny (%)	--	0.26

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company	Sector	P/E	3Y High	3Y Low	% Assets
Honeywell Automation	Engineering	79.63	10.11	6.59	9.03
HDFC	Financial	23.31	9.67	3.83	8.74
Pfizer	Healthcare	48.29	9.52	4.68	7.55
Bayer CropScience	Healthcare	52.58	7.93	4.28	6.08
Kotak Mahindra Bank	Financial	33.88	6.95	2.94	5.82
Reliance Industries Ltd - Partly Paid Equity	Energy	--			4.58
Glaxosmithkline Pharma	Healthcare	52.87	5.73	3.94	4.12
ICICI Bank	Financial	22.48	4.03	1.12	4.03
Larsen & Toubro	Construction	17.17	4.50	1.06	3.99
Gillette	FMCG	54.70	7.48	3.85	3.85
HDFC Bank	Financial	24.03	3.36	1.38	2.99
Shree Cement	Construction	47.65	3.01	1.74	2.91
Kansai Nerolac Paints	Chemicals	56.47	3.12	1.04	2.89
IDFC First Bank	Financial	69.48	3.17	0.00	2.69
Johnson Controls - Hitachi Air Conditioning India	Cons Durable	--	4.56	2.38	2.41
Fortis Healthcare	Healthcare	--	2.29	0.00	2.29
Biocon	Healthcare	63.06	3.00	1.61	2.09
Sundaram-Clayton	Automobile	19.49	5.98	1.28	2.06
Tata Consultancy Services	Technology	34.80	2.08	1.10	1.78
P&G Hygiene & Health Care	FMCG	65.26	1.74	0.83	1.74
Quess Corp	Financial	--	2.07	0.00	1.63
Container Corp.	Services	44.10	1.35	0.08	1.35
Hindustan Unilever	FMCG	69.85	1.90	0.87	1.34
MRF	Automobile	19.89	2.19	1.12	1.29
ICRA	Financial	37.64	2.30	0.92	1.15

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

As on 30-Apr-2021

Fund Manager

— Ajay Garg since 01-Oct-2006

Education: Mr. Garg is B.E (Electronics) and MBA (Finance).

Experience: Prior to joining Birla Sun Life AMC in 2003 he has worked with Birla Sun Life Securities Ltd.

Interviews:

16-Mar-2021: "MNCs tend to perform consistently across the market cycles, are stable value creators and generally are less volatile in nature"

Funds Managed:

Invest Online

-0.83%

Change from previous, NAV as on 14-May-2021

IDCW: ₹ 157.1800

Growth: ₹ 37.6600

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.

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

Fund House:	Aditya Birla Sun Life Mutual Fund
Launch Date:	29-Mar-1996
Return Since Launch:	22.96%
Benchmark:	S&P BSE 200 TRI
Riskometer:	Very High
Type:	Open-ended
Assets:	₹ 13,388 Cr (As on 30-Apr-2021)
Expense:	1.98% (As on 31-Mar-2021)
Risk Grade:	Average
Return Grade:	Below Average
Turnover:	11.00%

Plan

Record Date

Dividend (₹ / Unit)

IDCW

25-Nov-2020

8.2200

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	29-Nov-2019	9.3942
	30-Nov-2018	9.4739
	24-Nov-2017	17.1000
	25-Nov-2016	6.6200
	11-Mar-2016	6.5000
	13-Mar-2015	2.7500
	07-Feb-2014	3.0000
	08-Mar-2013	3.0000
	23-Mar-2012	1.5000
	31-Mar-2011	4.0000
	12-Mar-2010	7.0000
	31-Aug-2009	4.0000
	27-Jun-2008	5.0000
	25-Mar-2008	20.0000
	16-Mar-2007	50.0000
	19-Jan-2007	26.0000
	08-Dec-2006	25.0000
	27-Apr-2006	50.0000
	10-Mar-2004	10.0000
	05-May-2000	30.0000

Fund News - 20-Nov-2020

Dividend Declared in Aditya Birla Sun Life Mutual Fund
Interview - 26-Mar-2019

Dhirendra Kumar's favourite ELSS funds
Fund News - 26-Nov-2018

Dividend Declared in Three Schemes of Aditya Birla Sun Life Mutual Fund
Fundwire - 21-Sep-2018

Holding period matters
Fundwire - 16-Aug-2018

Why are funds having high portfolio turnover

Aditya Birla Sun Life Tax Relief 96

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Trailing Returns (%)

Peer Comparison

Best & Worst Performance

Risk Measures (%)

Asset Allocation (%)

Concentration & Valuation

Portfolio Aggregates

Value Research Fund Style

Sector Allocation vis-à-vis Category

Top Holdings

Fund Manager

-0.83%

Investment Strategy

Investment Details

Basic Details

Most Recent Dividends

News & Analysis

Contact Information

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