This fund is a good choice within tax saving mutual funds.
Scripbox recommends other funds for investment in Tax Saving.
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Tax Saving funds provides tax saving with inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
The fund has sufficient history for analysis and the track record is good
Relative Size
11,000 Cr
Category leader in size
Category View
Positive
The category has a positive investment outlook
Consistency Of Performance
Good
The historical performance of the fund has been good
Tax Saver Plan
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity,20% debt and money market securities
Low
Moderately Low
Moderate
Moderately High
High
Moderately High risk
1.9%
Expense Ratio
29th Mar, 1996
Launched (24y ago)
₹
11,000
AUM in Crores
INF209K01090
ISIN
3 years
Lock-in
S&P BSE 200 India TR INR
Benchmark
₹
500
SIP Minimum
₹
500
Lumpsum Min.
Fund Managers
Ajay Garg
Fund Manager
Returns Calculator Comparison
of
for
Instrument
Returns
Total Corpus
Gains
Annualised %
Mutual Fund
11.25%
EPF
Property
PPF
Bank FD
Gold
Savings Bank
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments
are subject to market risk, read all scheme related documents carefully before investing. Past performance is
not an indicator of future returns.
Aditya Birla Sun Life AMC Ltd manages assets worth ₹ 242,567 crores. It's current offering of mutual fund schemes includes 76 equity, 327 debt and 27 hybrid funds.
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment
asset class such as large cap, diversified, liquid etc. When you invest
for an objective, the algorithm suggests the appropriate asset class and
funds.
Top Ranked
Scripbox algorithm recommends 2-4 funds for investment for an investment
asset class such as large cap, diversified, liquid etc. When you invest
for an objective, the algorithm suggests the appropriate asset class and
funds.
Not Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment
asset class such as large cap, diversified, liquid etc. When you invest
for an objective, the algorithm suggests the appropriate asset class and
funds.
Track Record
We look at consistent and long historical performance for our analysis
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are
preferred
Category View
We check if the sub-category of the fund is recommended by us
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack
Track Record
We look at consistent and long historical performance for our analysis
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better
Equity Funds
Debt Funds
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About Aditya Birla Sun Life Tax Relief 96 fund (Dividend Payout - Annually)
About Aditya Birla Sun Life Tax Relief 96 fund (Dividend Payout - Annually)
Aditya Birla Sun Life Tax Relief 96 fund (Dividend Payout - Annually) is a Tax Saving Equity fund and has delivered an annualised return of 22.64% over a period of 24 years.
The fund is managed by Aditya Birla Sun Life AMC Ltd.
The fund manager’s name is Ajay Garg.
Aditya Birla Sun Life Tax Relief 96 fund (Dividend Payout - Annually) Investment Objective
An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity,20% debt and money market securities
However, there is no assurance that the objective of the scheme will be realized.
Aditya Birla Sun Life Tax Relief 96 fund (Dividend Payout - Annually) NAV, AUM and Risk
The fund was launched on 1996-03-29. The NAV of the fund as of 2020-09-21 is ₹ 139.42. The total AUM of the fund as of 2020-09-21 is ₹ 11,000 Cr. The category risk of the fund is Moderately High risk
The fund charges 1.9 % as expense ratio.
Aditya Birla Sun Life Tax Relief 96 fund (Dividend Payout - Annually) Holdings
The fund’s highest allocation is towards equity and has invested 96.99% in this asset class.
The top three holdings of the fund are honeywell automation india ltd, housing development finance corp ltd and pfizer ltd.
Aditya Birla Sun Life Tax Relief 96 fund (Dividend Payout - Annually) SIP
The minimum SIP(Systematic Investment Plan) amount for this is ₹ 500 and you can increase this in multiples of 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 500.
Aditya Birla Sun Life Tax Relief 96 fund (Dividend Payout - Annually) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to S&P BSE 200 India TR INR.
