Tax saving funds provides 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
11,158 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.
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Scheme Information
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
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 244,950 crores and was set up on 5 September 1994. It's current offering of mutual fund schemes includes 77 equity,329 debt and 28 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
Not Recommended
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 (DP-A)
About Aditya Birla Sun Life Tax Relief 96 fund (DP-A)
Aditya Birla Sun Life Tax Relief 96 fund (DP-A) is a tax saving equity fund and has delivered an annualised return of 22.9% 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 (DP-A) 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 (DP-A) NAV,AUM,Risk
The Aditya Birla Sun Life Tax Relief 96 fund (DP-A) fund was launched on Mar 29, 1996. The NAV (Net Asset Value) of this tax saving equity as of 2020-11-20 is ₹ 150.47. The total AUM (Asset Under Management) of the fund as of 2020-11-22 is ₹ 11157.911. The category risk of the Aditya Birla Sun Life Tax Relief 96 fund (DP-A) fund is Moderately High risk.
The fund charges 1.89 % as expense ratio.
Aditya Birla Sun Life Tax Relief 96 fund (DP-A) Holdings
The fund’s highest allocation is towards equity and has invested 96.9% in this asset class. The top three holdings of the fund are housing development finance corp ltd,pfizer ltd and honeywell automation india ltd
Aditya Birla Sun Life Tax Relief 96 fund (DP-A) 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 (DP-A) 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
Aditya Birla Sun Life Tax Relief 96 fund (DP-A) Review
Aditya Birla Sun Life Tax Relief 96 fund (DP-A) has a score of 4 on a scale of 5. The fund scores 4 out of 5 based on historical performance. As compared to the other funds in its category, Aditya Birla Sun Life Tax Relief 96 fund (DP-A) has a score of 5 out of 5.
Scipbox has rated this fund 4 out of 5 based on consistency of performance over various years / tenures.
