Aditya Birla Sun Life Tax Relief 96

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Equity: ELSS

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	-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	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	3.78	1.73	5.80	1.92	10,101
Axis Long Term Equity Fund \| Invest Online	Dec-09	2.80	5.26	7.15	1.73	20,292
DSP Tax Saver Fund \| Invest Online	Jan-07	2.23	1.75	6.91	1.90	5,789
Mirae Asset Tax Saver Fund - Regular Plan \| Invest Online	Dec-15	5.34	5.08	--	1.80	3,538
Tata India Tax Savings Fund \| Invest Online	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
Reliance Industries	Energy	34.24	10.14	2.50	10.14
Honeywell Automation	Engineering	49.49	9.95	5.73	9.01
Bayer CropScience	Healthcare	52.98	7.93	4.28	7.93
Pfizer	Healthcare	38.45	9.52	3.21	7.22
HDFC	Financial	14.06	8.47	1.50	7.16
Kotak Mahindra Bank	Financial	30.77	5.85	2.73	5.85
Glaxosmithkline Pharma	Healthcare	282.13	5.73	3.20	5.33
Gillette	FMCG	69.97	7.48	4.37	4.37
Shree Cement	Construction	50.73	3.00	1.11	3.00
HDFC Bank	Financial	20.09	3.03	1.38	2.96
Larsen & Toubro	Construction	15.48	4.50	1.06	2.95
Johnson Controls - Hitachi Air Conditioning India	Cons Durable	67.16	5.19	2.38	2.84
Biocon	Healthcare	71.80	3.27	1.61	2.81
Kansai Nerolac Paints	Chemicals	57.05	2.89	0.90	2.75
Hindustan Unilever	FMCG	75.34	1.90	0.87	1.83
ICICI Bank	Financial	22.35	2.15	1.12	1.81
Tata Consultancy Services	Technology	27.04	1.93	1.04	1.78
IDFC First Bank	Financial	--	3.17	0.00	1.59
Fortis Healthcare (India)	Healthcare	180.40	1.51	0.00	1.51
Sundaram-Clayton	Automobile	35.14	9.79	1.33	1.48
MRF	Automobile	18.26	3.01	1.13	1.41
P&G Hygiene & Health Care	FMCG	78.75	1.41	0.83	1.26
Quess Corp	Financial	--	2.07	0.00	1.24
Bata India	FMCG	49.24	1.70	0.90	1.17
ICRA	Financial	25.39	3.66	1.05	1.07

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

As on 30-Jun-2020

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.

Funds Managed:

Invest Online

1.48%

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

Dividend: ₹ 133.4500

Growth: ₹ 30.2400

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

Exit Load	0

Exit Load

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%

Plan

Record Date

Dividend (₹ / Unit)

Dividend

29-Nov-2019

9.3942

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	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

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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

1.48%

Investment Strategy

Investment Details

Basic Details

Most Recent Dividends

News & Analysis

Contact Information

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