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Aditya Birla Sun Life Tax Relief 96 Direct-Growth rating rating rating rating rating

Equity ELSS

PLAN: GROWTH TYPE : OPEN-ENDED OPTION: Growth

1 Yr return

7.09%

3 Yrs CAGR returns

12.04%

5 Yrs CAGR returns

11.76%

NAV as on 13 Nov

₹ 33.51 by -0.13 ( -0.39%)

Expense ratio

1.89

Lock-in period

19.29%

Fund Size (Cr)

₹ 8912.66


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Performance Graph*
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If ₹1000 invested for 1

Estimated returns*

₹ 0

with % annual returns

Direct Funds
Estimated amount
₹ 10,27,000
Regular Funds
Estimated amount
₹ 9,91,000

* The calculator, based on assumed rate of returns, is meant for illustration purposes only.More

The calculations are not based on any judgments of the future return and should not be construed as promise on minimum returns. Information gathered and material used in this calculator is believed to be from reliable sources. Paisabazaar however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, Paisabazaar does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator.

investment objective

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.

Tax Implications

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

riskometer
Top Holdings
Top 10 Sectors %
Financial 22.85
Health Care 18.21
FMCG 11.39
Energy 8.97
Engineering 8.59
Construction 6.97
Automobile 5.85
Cons Durable 3.63
Others 3.27
Services 2.88
Top 10 Sectors %
Crude Oil & Natural Gas 8.97
Electronic Equipts. 8.34
Housing Finance 7.65
Cosmetics & Toiletries 7.25
Drugs & Pharma 6.71
Drugs & Pharma 5.24
Drugs & Pharma 4.44
Banking 4.21
Infrastructure 4.04
Others 3.42
Fund house details
Fund House Aditya Birla Mutual Fund
Fund Manager Ajay Garg
Fund Setup Date 01 Jan 2013
Address One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road,
Contact 022-43568000/ 1800-270-7000/ 1800-22-7000
More About This Fund

Aditya Birla Sun Life Tax Relief Fund enables long term capital growth for its investors by investing as much as 80% of its assets in equity. The remaining assets are invested in debt and/or money market instruments. While selecting the stocks, the fund managers follow the combination of top down and bottom up approach. Being an Equity Linked Savings Scheme, the fund has tax benefits to offer to its investors, amongst many others.

Mr. Ajay Garg, an alumni of Hartmann College, did his Engineering in Electronics from Bangalore University. He is an MBA from Mumbai University, and was working with American Express Bank prior to joining Aditya Birla Sun Life AMC. He is currently appointed as the Senior Fund Manager at Aditya Birla Sun Life Tax Relief Fund. Mr. Ajay Garg brings along the expertise of over 22 years in the management of funds in equity market.

Who Should Invest?

  • Investors looking for tax benefits
  • Aditya Birla Sun Life Tax Relief Fund is suitable for investors who are willing to invest for a period of more than 3 years
  • Investors willing to take the benefit of generation of income and capital appreciation over the long term

What You Gain?

  • Since the fund comes under ELSS category, it is eligible for a tax exemption of Rs. 1.5 lakh in a financial year under Section 80C of the Income Tax Act
  • The fund has a lock in period of only 3 years, which provides the benefit of easy redemption to the investors
  • All the capital gains earned on maturity of the fund are tax-free
  • Being an ELSS fund, it helps investors earn higher returns while beating the effects of inflation

What You Lose?

All the equity funds are subject to market risks. Being a multi-cap fund, there is a moderate level of risk involved in this fund

Taxation- How will the fund be taxed?

Aditya Birla Sun Life Tax Relief fund has a lock-in period of 3 years. Being an Equity Linked Savings Scheme, investors can claim a tax deduction of Rs. 1.5 lakh under Section 80C of the Income Tax Act. The scheme also allows a 2-in-1 benefit of investing and tax deduction, along with greater diversification of risk control along with a 360-degree research.

How to invest in Aditya Birla Sun Life Tax Relief Fund?

  • Sign Up/Sign in to Paisabazaar.com and go to ‘Direct Mutual Funds
  • Click on the section of ‘ELSS Funds
  • Type and search directly by the name of Aditya Birla Sun Life Tax Relief Fund. Once it opens up, look at the details. You can also compare similar funds as well as use Mutual Fund Calculator
  • Click on ‘Invest Now’, select either Lump sum or SIP

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Frequently Asked Questions

Q. What are multi cap funds?
A. Multi cap funds are diversified mutual funds that invest in stocks across market capitalization.The portfolio of these funds have large cap, mid cap and small cap stocks.

Q. Does Aditya Birla Sun Life Tax Relief Fund come under Section 80C or offer tax benefits?
A. The scheme is an Equity Linked Savings Scheme (ELSS). It is eligible for tax exemption of upto Rs. 1.5 lakh in a financial year under Section 80C of the Income Tax Act.

Q. What is Exit Load?
A. Exit Load is the fee charged from an investor when he decides to quit the scheme and redeem his money. Generally, there is some penalty charged only if funds are redeemed in less than 365 days, otherwise there are usually no charges.

Q. What is Expense Ratio?
A. It is the fee charged from the investor for managing his fund money and allocating it to the stocks that can help him earn returns.

Q. What is the lock-in period of Aditya Birla Sun Life Tax Relief Fund?
A. Ys, the fund has a lock-in period of 3 years.