Aditya Birla Sun Life Tax Relief 96 Direct Plan
Scheme Type
Open-ended
Scheme Category
ELSS (Tax Savings)
Benchmark Type
S&P BSE 200
Scheme AUM (in Crs.)
₹ 6984.25
Expense Ratio
1.07%
Scheme Class
Equity
AMC AUM (in Crs.)
₹ 249270
Min Subscription
₹ 500
Min Addition Subscription
₹ 500
Performance
Comparison
Portfolio
Details
Analysis
AMC Details
Launch Date
23 Dec 1994
Sponsor
NA
Email
connect@birlasunlife.com
Phone
022 - 43568000
Address
One India Bulls Centre , Tower 1,,17th Floor, Jupiter Mill Compound,,841, Senapati Bapat Marg,,Elphinstone Road,, Mumbai - 400 013
Tax Implications
Short Term Capital Gain (Holding period < 12months):
17.16% - 17.94%
(15% + Surcharge @ 10%-15% + 4% Health & Education Cess.)
Long Term Capital Gain:
10% without indexation & without foreign currency conversion benefit + Surcharge @10%-15% + 4% Health & Education Cess
Taxation on Dividends:
10%
(Dividend Distribution Tax is paid by the mutual funds and not by investors.)
Risk
Moderately High
Exit Load
No Exit load, if redeemed after 0 years.
Scheme Information Document (SID)
Read mutual fund scheme information document on AMC website to know fund information in detail.
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
Suitability
This product is suitable for investors who are seeking
• long term capital growth
• investments in equity and equity related securities, with tax benefit under section 80C, subject to eligibility
Fund Analysis
A steady fund management of over a decade, a buy and hold strategy, consistency in performance over long period considering the 3 year lock in are some of the reasons for the fund to be made as an investment choice. The fund is overweight on midcap with around 50% into midcaps. The top 10 holdings comprise around 50% of the portfolio. The fund though seems to be taking an extra risk, the drawdown and volatility measures over an increasing period of time prove otherwise. Hnce,the bear phase of the market did affect its performance but the fund soon bounced back. Considering its flexible investment nature, an asset size of 6000 crore should not prove to be an obstacle in generating alpha.
SIP/Lump Sum Calculator
Enter Investment Amount
For how many years?
₹1,000
Investment per month for 0.5 Years
₹5,942
Portfolio Value
₹-58
Total Returns
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Mutual Funds investments are subject to market risks, read all scheme related documents carefully.