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4 star

Aditya Birla Sun Life Tax Relief 96


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.53 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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(₹)
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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 -7.52 -0.70 -1.74 -0.82 6.07 -7.47 3.78 1.73 5.80 15.56 9.85
S&P BSE 500 TRI* -7.10 1.62 -0.64 4.74 20.15 -6.93 3.01 2.51 6.34 12.57 8.48
Equity: ELSS* -7.14 1.26 0.11 4.69 17.57 -8.13 2.64 0.52 4.59 13.10 8.91

As on 03-Aug-2020

* As on 04-Aug-2020

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
4 star
Mar-96 3.78 1.73 5.80 1.92 10,101
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 2.80 5.26 7.15 1.73 20,292
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 2.23 1.75 6.91 1.90 5,789
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
Dec-15 5.34 5.08 -- 1.80 3,538
Tata India Tax Savings Fund  | Invest Online
4 star
Mar-96 -1.84 1.35 6.63 2.31 1,855

Best & Worst Performance

Best (Period) Worst (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 3.66 19.69 -0.08 -0.09 0.87 -1.15
S&P BSE 500 TRI 4.74 21.74 -0.02 -0.03 -- --
Equity: ELSS 2.76 21.29 -0.11 -0.12 0.95 -2.01

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

As on 31-Jul-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 38
Top 10 Stocks (%) 62.98
Top 5 Stocks (%) 41.47
Top 3 Sectors (%) 58.36
Portfolio P/B Ratio 3.75
Portfolio P/E Ratio 32.82

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 64,029 89,760
Giant (%) 38.95 52.59
Large (%) 6.60 15.43
Mid (%) 45.80 23.93
Small (%) 8.66 8.24
Tiny (%) -- 0.13

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
down Reliance Industries Energy 34.24 10.14 2.50 10.14
equal Honeywell Automation Engineering 49.49 9.95 5.73 9.01
up Bayer CropScience Healthcare 52.98 7.93 4.28 7.93
equal Pfizer Healthcare 38.45 9.52 3.21 7.22
equal HDFC Financial 14.06 8.47 1.50 7.16
up Kotak Mahindra Bank Financial 30.77 5.85 2.73 5.85
equal Glaxosmithkline Pharma Healthcare 282.13 5.73 3.20 5.33
equal Gillette FMCG 69.97 7.48 4.37 4.37
equal Shree Cement Construction 50.73 3.00 1.11 3.00
equal HDFC Bank Financial 20.09 3.03 1.38 2.96
up Larsen & Toubro Construction 15.48 4.50 1.06 2.95
equal Johnson Controls - Hitachi Air Conditioning India Cons Durable 67.16 5.19 2.38 2.84
equal Biocon Healthcare 71.80 3.27 1.61 2.81
up Kansai Nerolac Paints Chemicals 57.05 2.89 0.90 2.75
equal Hindustan Unilever FMCG 75.34 1.90 0.87 1.83
equal ICICI Bank Financial 22.35 2.15 1.12 1.81
equal Tata Consultancy Services Technology 27.04 1.93 1.04 1.78
equal IDFC First Bank Financial -- 3.17 0.00 1.59
up Fortis Healthcare (India) Healthcare 180.40 1.51 0.00 1.51
up Sundaram-Clayton Automobile 35.14 9.79 1.33 1.48
equal MRF Automobile 18.26 3.01 1.13 1.41
equal P&G Hygiene & Health Care FMCG 78.75 1.41 0.83 1.26
equal Quess Corp Financial -- 2.07 0.00 1.24
equal Bata India FMCG 49.24 1.70 0.90 1.17
equal ICRA Financial 25.39 3.66 1.05 1.07

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-Jun-2020


1.48%

Change from previous, NAV as on 04-Aug-2020

Dividend: ₹ 133.4500

Growth: ₹ 30.2400


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
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 29-Mar-1996
Return Since Launch: 22.59%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 10,101 Cr (As on 30-Jun-2020)
Expense: 1.92% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 4.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend29-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

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