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PlaystoreAditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
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.
Who should invest in this fund?
- Investors looking for an investment option which offers benefit under Section 80C of Taxation with a lock-in period of 3 years only.
- Investors need not wait till March to get benefit of 80C. In fact to avoid the need to time the market, investors can invest through SIP.
- Owing to 3 year lock-in, the fund manager can build a stable equity portfolio of high quality stocks having a potential of delivering healthy returns over the investment period.
Risk Positioning:
Product Videos: Know Your Fund
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Value Added Products:
Systematic Investment Plan - Available Online & Offline for Direct & Regular investors to iron out intermittent market volatility and enable long term savings
Salient features of SIP:
Step-up SIP – This facility lets investors enhance the SIP amount during regular intervals. This allows you to make the most out of your SIP investments by increasing your contributions towards those schemes that are performing well. Additionally, you can also increase your investment amount when there is a hike in your pay.
Multi Scheme SIP Facility - The Facility enables investors to subscribe under various Schemes through SIP using a single application form and payment instruction.
Systematic Transfer Plan (STP) allows investors to save in both asset classes by transfering a fixed amount from one scheme and invest in another scheme
Investors have the option of:
- Daily Systematic Transfer Plan
- Weekly Systematic Transfer Plan
- Monthly Systematic Transfer Plan
- Quarterly Systematic Transfer Plan
Minimum Balance in the scheme at the time of enrollment for STP facility:
- Daily Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.10,000/-
- Weekly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.6000
- Monthly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.6000
- Quarterly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.8000
Minimum Transfer Amount
For STP installments greater than Rs.500 but less than Rs.999, Investors are required to instruct for minimum 12 transfers of Rs.500 and in multiples of Re. 1thereafter. For STP installments of Rs.1000 and above, Investors are required to instruct for minimum 6 transfers of Rs.1000 and in multiples of Re. 1 thereafter.
Systematic Withdrawal Plan allows investors to withdraw a fixed amount of money from their mutual fund to build sustainable income streams while saving on Tax also
Investors have the option of:
Fixed Withdrawal - which allows investors of the Growth Plan to withdraw a fixed amount at regular intervals. Investors can withdraw fixed amount of Rs1,000/- each and above at regular intervals.
Appreciation Withdrawal - which allows investors of Growth Plan to withdraw the appreciation amount at regular intervals. Investors can withdraw appreciation of Rs1,000/- and above at regular intervals.
Withdrawal Frequency:
For Fixed Withdrawal Option: Investors can withdraw fixed amount on 1 or 7 or 10 or 14 or 20 or 21 or 28 of month/quarter/Half yearly and Annually for minimum 6 months/ 4 quarter/2 half years and 1 year. For Appreciation Withdrawal Option: Investors can withdraw appreciation on the 1 of each month/quarter for minimum 6 months/ 4 quarter.
Fund Details
- Fund Type - Open-Ended
- Category - Equitys-Most Popular Funds
- Sub-Category - ELSS-Most Popular Fund
- Min Investment - Fresh Purchase (Incl. Switch-in): Minimum of Rs. 500/- and in multiples of Rs. 500/- thereafter Additional Purchase (Incl. Switch-in): Minimum of Rs. 500/- and in multiples of Rs. 500/- thereafter Repurchase for all Plans/Options: In Multiples of Rs. 1/- or 0.001 units
- Fund Manager - Mr. Atul Penkar & Mr. Dhaval Gala & Mr. Dhaval Joshi
- Latest NAV - 58.45 (as on 03-Jul-2024)
- Inception Date - Dec 30, 1995
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Fund Performance
Trailing Return
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 are displayed for 1 year and above.
Annualized Returns
Fund Management
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Mr. Atul Penkar
Total Experience : 21 years
View Full ProfileHe has over 21 years of experience in Equity Research and Fund Management. He joined Aditya Birla Sun Life AMC Limited in April 2006 as Research Analyst and Portfolio Manager and has also worked as Portfolio Advisor for offshore funds. Prior to joining ABSLAMC, he worked as an Equity Research Analyst with Emkay Global Financial Services Limited. -
Mr. Dhaval Gala
Total Experience : 15 years
View Full ProfileDhaval M. Gala is a Fund Manager and Senior Analyst with Aditya Birla Sun Life AMC Limited (ABSLAMC). He has an overall experience of 15 years in equity and capital market space. He joined ABSLAMC in February 2011 as a part of the Equity Fund Management and Analyst team. He specializes in Banking and Financial Services sector.
Prior to joining ABSLAMC, Dhaval has worked with B&K Securities Limited and J P Morgan Chase India Private Limited.
Dhaval is an MBA in Finance from N L Dalmia Institute of Management and Research, Mumbai. -
Mr. Dhaval Joshi
Total Experience : 15 years
View Full ProfileDhaval Joshi has an overall experience of 15 years in equity research and investments. Prior to joining Aditya Birla Sun Life AMC Limited, he was associated with Sundaram Mutual Fund (India) Ltd. for around 5 years. He has also worked as a research analyst with Emkay Global Financial Services and Asit C Mehta Investment Intermediates Ltd.
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Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
To check an all-time best return rate for equity funds, check how they've performed in the last 3 or 5 years.
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Your Investment Summary
- Investment AmountRs 5000
- Initial units per month 29.5
- Current valueRs 50,000
- Current NAV value 260
- Current Units 30
-
XIRR
5.10%
Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.
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Benchmark XIRR
8%
Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.
Fund Summary
Entry Load
Exit Load
Load Comments
NIL
NIL
Highlights
- Tax benefits under sec 80C
- Higher Returns in line with inflation
Tax Planning is an integral part of financial planning. However, most of us end up opting for those tax saving instruments which may not align to our asset allocation and financial goals! Thus, being stuck with tax saving products “just” to save tax and not to build your investment portfolio. Hence whichever tax bracket you fall under, it is important to plan your tax saving investments effectively during the year instead of making it last minute activity.
What if there is an instrument which not only helps you to save income tax but also helps you build your investment portfolio? Aditya Birla Sun Life Tax Relief ’96 is an equity linked saving scheme which can help you build wealth over long term along with saving tax for you under section 80C of the Income Tax Act, 1961. It primarily invests in equities and comes along with a 3-year mandatory lock-in period. You can invest in this scheme either through systematic investment plan or by making a lumpsum investment.
Note: You can save upto Rs 46,800* in taxes u/s 80C of Income Tax Act, 1961 if you fall in the highest tax slab and invest Rs 1.5 lakhs in Aditya Birla Sun Life Tax Relief ’96.
* Disclaimer: Tax saving of Rs.46,800 is calculated assuming that the qualifying amount of deduction is Rs. 1.5 lakhs and investor fall into highest tax slab (i.e. 30% excluding applicable surcharge and health and education cess. Investors are advised to consult individual tax advisors for their tax calculations.
Fund Investment Strategy:
This scheme invests minimum 80% of its assets in high quality diversified equity stocks of Indian companies and equity related instruments and the remaining 20% in debt and money market securities, depending on the current economic situation.
It follows a combination of top down and bottom up approach for selecting the stocks. The top down approach is done to analyze the economic changes along with trends, macroeconomic factors, key policy changes, infrastructure spending, etc. The bottom up approach is done to identify high potential companies in a strong competitive position in good businesses with stable management that focus on long term fundamental growth. This Fund Benchmark is S&P BSE 200 TRI.
Aditya Birla Sun Life ELSS Tax Relief 96
(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)
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
*Investors should consult their financial advisers if in doubt whether the product is suitable for them
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Disclaimer
For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.