VR Logo
3 star

Aditya Birla Sun Life Tax Relief 96

Add to watchlist
Add to My Investments
Equity: ELSS

Analysts' Choice?unlock it

1 Lakh

Investment Grown to
₹ 1.24 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.46 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...

Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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 3.30 -3.04 -1.73 6.83 11.13 21.64 22.28 7.37 15.12 16.95 13.92
S&P BSE 500 TRI 6.05 -3.10 -2.00 7.93 14.21 30.70 34.31 11.12 17.54 15.55 12.49
Equity: ELSS 6.29 -2.74 -1.85 7.75 13.93 29.24 28.45 8.96 16.04 15.82 13.26
Rank within category 32 33 17 27 30 36 30 23 20 9 10
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 26-Feb-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  | Invest Online
3 star
 Mar-96 22.28 7.37 15.12 1.81 12,595
Axis Long Term Equity Fund
4 star
 Dec-09 23.36 13.67 17.37 1.61 25,508
DSP Tax Saver Fund  | Invest Online
4 star
 Jan-07 31.42 11.91 18.43 1.85 7,332
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
 Dec-15 39.63 15.26 23.31 1.83 5,648
UTI Long Term Equity Fund  | Invest Online
4 star
 Dec-99 30.07 10.65 15.93 2.12 1,641

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 6.05 20.58 0.07 0.08 0.87 -2.61
S&P BSE 500 TRI 9.24 22.86 0.20 0.24 -- --
Equity: ELSS 7.30 22.40 0.12 0.14 0.95 -1.73
Rank within category 23 4 21 21 3 20
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 31-Jan-2021

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 39
Top 10 Stocks (%) 57.40
Top 5 Stocks (%) 37.68
Top 3 Sectors (%) 59.80
Portfolio P/B Ratio 4.51
Portfolio P/E Ratio 37.62

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 65,209 1,10,550
Giant (%) 38.34 52.11
Large (%) 5.90 15.12
Mid (%) 45.66 24.30
Small (%) 10.09 8.62
Tiny (%) -- 0.47

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
equal Honeywell Automation Engineering 85.16 9.95 6.43 9.42
down HDFC Financial 26.15 9.67 1.50 9.13
equal Pfizer Healthcare 41.63 9.52 4.07 6.90
up Bayer CropScience Healthcare 49.96 7.93 4.28 6.17
up Kotak Mahindra Bank Financial 37.95 6.95 2.77 6.06
equal Glaxosmithkline Pharma Healthcare 51.35 5.73 3.64 4.36
equal Larsen & Toubro Construction 17.63 4.50 1.06 4.22
up Gillette FMCG 65.67 7.48 4.09 4.19
equal ICICI Bank Financial 28.01 3.82 1.12 3.82
up Reliance Industries Ltd - Partly Paid Equity Energy -- 3.72
equal HDFC Bank Financial 27.56 3.36 1.38 3.12
up Kansai Nerolac Paints Chemicals 63.67 3.12 1.03 2.95
up Johnson Controls - Hitachi Air Conditioning India Cons Durable -- 4.65 2.38 2.60
up Shree Cement Construction 47.27 3.00 1.11 2.52
up IDFC First Bank Financial 85.31 3.17 0.00 2.41
equal Sundaram-Clayton Automobile 43.08 7.12 1.28 2.24
equal Biocon Healthcare 76.63 3.27 1.61 2.16
down Reliance Industries Energy 33.35 10.14 2.10 2.10
down Tata Consultancy Services Technology 34.79 2.08 1.07 1.93
up Fortis Healthcare (India) Healthcare -- 1.87 0.00 1.87
equal Quess Corp Financial -- 2.07 0.00 1.60
up Hindustan Unilever FMCG 68.40 1.90 0.87 1.59
equal P&G Hygiene & Health Care FMCG 63.01 1.51 0.83 1.51
equal MRF Automobile 22.06 2.40 1.12 1.43
equal Bata India FMCG -- 1.70 0.90 1.21

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 31-Jan-2021

Invest Online
-3.04%

Change from previous, NAV as on 26-Feb-2021

Dividend: ₹ 160.0800

Growth: ₹ 38.3500

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: 29-Mar-1996
Return Since Launch: 23.27%
Benchmark: S&P BSE 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 12,595 Cr (As on 31-Jan-2021)
Expense: 1.81% (As on 31-Jan-2021)
Risk Grade: Below Average
Return Grade: Average
Turnover: 11.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend25-Nov-20208.2200

 29-Nov-20199.3942
 30-Nov-20189.4739
 24-Nov-201717.1000
 25-Nov-20166.6200
 11-Mar-20166.5000
 13-Mar-20152.7500
 07-Feb-20143.0000
 08-Mar-20133.0000
 23-Mar-20121.5000
 31-Mar-20114.0000
 12-Mar-20107.0000
 31-Aug-20094.0000
 27-Jun-20085.0000
 25-Mar-200820.0000
 16-Mar-200750.0000
 19-Jan-200726.0000
 08-Dec-200625.0000
 27-Apr-200650.0000
 10-Mar-200410.0000
 05-May-200030.0000

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

VR Helpline

Time for you to tread with caution?

dateSaturday, 06-Mar-2021
time04:00 PM - 04:30 PM

Reserve your Spot