Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Tax Relief 96

Aditya Birla Sun Life Tax Relief 96

(An Open Ended ELSS Scheme with a lock - in of 3 years from the date of allotment)

This fund provides tax benefit to investors under section 80C of the Income Tax Act

Investment Objective

Investment objective is to save tax while growing your money through Equity Invesments

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 Details

  • Fund Type - Open-Ended
  • Class - Equity
  • Category - ELSS
  • Min Investment - Rs. 500/-
  • Fund Manager - Mr. Ajay Garg
  • Latest NAV - 31.12 (as on 17-Jul-2018)
  • Inception Date - Mar 28, 1996
View Full Details

Fund Performance

Trailing Return

loading...
Funds are bucketed on various parameters with respect to other funds in their category.
*Annualized returns are displayed for 1 year and above.

Annualized Returns

Fund Management

  • Ajay garg
    Mr. Ajay Garg

    Total Experience : 22 years

    View Full Profile
    Ajay has over 15 years of work experience in financial services. Prior to joining BSLAMC, he has worked with Birla Sun Life Securities Ltd.
View Fund Managed by
Load More
Total Schemes managed by {fundmanagername} is {fundmanagerfundcount}
Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.

Portfolio and Sector Holdings

Top 10 Holdings (As on 31.10.2017)

loading...
Issuer % to Net Assets
Top 10 Sector Holdings Chart

Fund Summary

Entry Load
Exit Load
Load Comments
NIL
NIL

Highlights

  • Tax benefits under sec 80C
  • Higher Returns in line with inflation

Save Taxes and More :

BSL Tax Relief 96 is an Equity Linked Savings Scheme (ELSS). ELSS funds qualify for tax exemptions under Sec 80C of the IT Act where investments of up to Rs.1,50,000 can be claimed as tax deduction in each financial year. Furthermore, all capital gains earned through ELSS funds are tax-free i.e. there is no tax imposed on the maturity amount or the earnings accrued through ELSS investments. This is why ELSS is a much-preferred savings option. ELSS funds also help earn returns that are able to beat inflation. While bonds and fixed deposits might offer returns that may be in line with the pace of inflation over a period of time, in reality, the real returns are quite low. Since ELSS funds are equity-based and returns are tax-free, they provide higher gains as compared to other investment options and these are in line with the increase in inflation. BSL Tax Relief ’96 Fund is an industry veteran which has a credible track record of generating higher risk-adjusted returns for investors. 20 years is a long period; especially when you are part of the stock market journey. If you were a part of this 20 year ride with BSL Tax Relief ’96 Fund, your experience would have not only been fulfilling but also hugely rewarding with a CAGR of 25.43% since inception. The fund with a lock-in of 3 years, offers twin benefits of capital appreciation with additional benefits of taxation u/s 80C.

Discipline

A combination of the top down approach and bottom up approach will be followed in the stock selection process.The top down approach will focus on an analysis of macroeconomic factors, economic changes & trends, key policy changes, infrastructure spending, etc. The bottom-up approach would seek to identify companies with high profitability and scalability supported by sustainable competitive advantage.

Aditya Birla Sun Life Tax Relief 96

An Open Ended ELSS Scheme with a lock - in off 3 years from the date of allotment

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

 

*We recommend investors to consult their financial advisers in case of doubt about whether the product is suitable for them.

Show More

DOWNLOAD

  • Product Brochure

Disclaimer

For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.

BUY NOW