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PlaystoreAditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
Aditya Birla Sun Life ELSS Tax Saver Fund Overview
Aditya Birla Sun Life ELSS Tax Saver Fund is an Equity Linked Saving Scheme with a statutory lock-in of 3 years and tax benefit.
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.
Click here to know more about Equity Funds
Why one can invest:
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If you are looking to get income tax deduction benefit (up to INR 1,50,000 per annum) under section 80C of the Income tax, 1961
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If you are looking to invest in an equity-oriented scheme with tax saving benefit.
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If you are looking for long term capital growth of your investment
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If you are looking to build a diversified equity portfolio with low investments as small as Rs.500.
Fund Details
CAGR
Latest NAV
(as on )
AUM
()
Inception Date :
()
Risk :
Investment Horizon :
3 years +
Annualized Benchmark Returns
Min Investment :
Entry load
NIL
Exit load
NIL
Modified Duration
NA
Yield to Maturity
NA
Portfolio Turnover:
NA
Average Maturity
NA
Macaulay Duration
NA
Net Equity Exposure
NA
Total Expense Ratio (TER)
NA
Sharp Ratio
NA
Beta Ratio
NA
Other Parameters
NA
Standard Deviation
NA
Fund Managers
Mr. Atul Penkar
Mr. Dhaval Gala
Mr. Dhaval Joshi
Riskometer
(An Open Ended Equity Linked Savings 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
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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
Portfolio & Sector Holdings
Retail
% of Net Assets
Sector Holdings
Dividend History
Any income received under this option would be considered as income for the investors and hence would be taxed at applicable tax slab rates.
Investment Performance
IDCW Plan of this scheme has distributed income to its investors out of its earnings, from time to time. The details of the same is tabulated:| Declared on date | IDCW Yield (Regular Plan) | IDCW Per Unit | Cum IDCW NAV |
|---|
Fund Summary
- Tax cost can be high out of pocket expense for most of us. This makes tax planning – legitimately planning finances to reduce tax burden; assume special importance.
- The legislation provides several tax saving investment options under section 80 C of the Income tax Act, 1961. One such investment option is Equity Linked Saving Scheme or ELSS – which provides dual benefit tax saving and potential to build wealth over the long-term.
- An ELSS is an equity oriented mutual fund scheme that has been notified by the Ministry of Finance as an eligible investment for availing deduction against taxable income (up to INR 1,50,000 per annum). This can save investors tax up to INR 46,800* annually.
- One of its USPs is that it has a lower lock-in of 3 years as compared to 5 to 15 years lock-in of most other 80C eligible investments.
- Aditya Birla Sun Life Tax Relief ’96 is an ELSS scheme. It is an equity-oriented scheme, that has no sectoral or market cap bias. Fund managers can thus build a diversified equity portfolio based on its investment strategy.
- Thus, the fund can serve a dual purpose of tax saving and potential for long term capital growth.
*Considering highest tax bracket of 30% (including cess but excluding surcharge)
- The legislation provides several tax saving investment options under section 80 C of the Income tax Act, 1961. One such investment option is Equity Linked Saving Scheme or ELSS – which provides dual benefit tax saving and potential to build wealth over the long-term.
- An ELSS is an equity oriented mutual fund scheme that has been notified by the Ministry of Finance as an eligible investment for availing deduction against taxable income (up to INR 1,50,000 per annum). This can save investors tax up to INR 46,800* annually.
- One of its USPs is that it has a lower lock-in of 3 years as compared to 5 to 15 years lock-in of most other 80C eligible investments.
- Aditya Birla Sun Life Tax Relief ’96 is an ELSS scheme. It is an equity-oriented scheme, that has no sectoral or market cap bias. Fund managers can thus build a diversified equity portfolio based on its investment strategy.
- Thus, the fund can serve a dual purpose of tax saving and potential for long term capital growth.
*Considering highest tax bracket of 30% (including cess but excluding surcharge)
Fund discipline
- The Scheme aims to allocate a minimum of 80% of its net assets to Equity and Equity related Instruments in accordance with the Equity Linked Savings Scheme 2005. The balance, up to 20% is invested in debt and money market instruments (including securitised debt).
- It has the flexibility to invest across sectors and market caps. Thus, it can build a diversified portfolio of equity. The maximum weightage to a single stock is limited to 10% of the scheme NAV.
- 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.
- It has the flexibility to invest across sectors and market caps. Thus, it can build a diversified portfolio of equity. The maximum weightage to a single stock is limited to 10% of the scheme NAV.
- 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.
Value Added Products
Salient features of CATP:
- Capital Appreciation Transfer Plan (CATP) is a modified version of STP. It allows investors to periodically transfer the capital appreciation earned by investment/s in other open-ended schemes of Aditya Birla, into this fund
- CATP is offered at monthly or quarterly intervals
Salient features of SIP
- Systematic Investment Plan (SIP) investing means automatically investing a pre-determined sum of money in this fund, at periodic and pre-determined time intervals.
- Gives investors the benefit of rupee cost averaging –
- SIP facility is augmented by several add ons such as Step-up SIPs, Pause SIP, Multi Scheme SIPs etc.
Salient features of STP:
- Systematic Transfer Plan (STP) allows investors to periodically transfer pre-determined amounts from any open-ended scheme of Aditya Birla Sun Life Mutual Fund into Aditya Birla Sun Life Tax Relief ’96.
- STP facility can be daily, weekly, monthly or quarterly
Tax Applicability
Investment held for less than 12 months
Short Term Capital Gain Tax would be applicable. Any gains/profits would be taxed at 15% (plus applicable surcharge and cess).
Investment held for more than 12 months
Long Term Capital Gain Tax would be applicable. Gains/profits in excess of Rs. 1 lakh would be taxed at 10% (plus applicable surcharge and cess).
Any income received under this option would be considered as income for the investors and hence would be taxed at applicable tax slab rates.
Forms & Downloads
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Frequently Asked Questions
An Equity Linked Savings Scheme is an equity oriented mutual fund that invests at least 80% in stocks in accordance with the Equity Linked Saving Scheme 2005, notified by Ministry of Finance. An ELSS can either be actively managed or passively managed.
The Aditya Birla Sun Life Tax Saver Fund is an actively managed ELSS. It has a lock-in period of 3 years . Investments in this fund are eligible for a deduction of up to INR 1,50,000 from taxable income, under section 80C of the Income tax Act. Its lock-in period is amongst the lowest from other tax saving investments options under section 80C.
The primary benefits are availing of tax deduction and potential for long term capital growth, being an equity-oriented fund.
The fund manager of this scheme has the flexibility to invest across market caps and across sectors, in line with the fund discipline.
Investors looking for a tax saving investment option which also has the potential for higher long term capital returns.
The mandatory lock-in period is 3 years, however being an equity-oriented scheme , investors can be invested for a long-term period extending beyond the 3-year lock-in period.
The fund offers a direct plan and a regular plan.
Direct Plan is only for investors who purchase /subscribe Units in a Scheme
directly with the Mutual Fund and is not available for investors who route
their investments through a Distributor. The expense ratio of a direct plan fund is lower.
A regular plan is one in which investors’ investment in the fund are routed through a broker or distributor. The expense ratio of a regular plan fund is higher.
Each plan will also have following options:
Growth Option – Under this, returns of the fund are reinvested in the fund itself. These will reflect in the increase in NAV of the fund.
Income Distribution cum Capital Withdrawal (“IDCW”) Option
(Pay-out of IDCW/ Reinvestment of IDCW/ IDCW Sweep Facility) ^
Under this, returns of the fund are distributed to investors as IDCW Investors can opt for IDCW pay out or IDCW reinvestment wherein they purchase more units of the fund with the income distributed.
^the amounts can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains. Note: IDCW is declared subject to the availability of distributable surplus as computed in accordance with SEBI Regulations. It must be distinctly understood that actual declaration of IDCW and frequency thereof is at the discretion of trustees. There is no assurance or guarantee to Unitholders as to the rate of IDCW distribution nor that the IDCW will be paid regularly.
The fund does not have any exit load.
The fund applies an expense ratio. This is intended to cover fund management and other administrative costs of the fund.
No, having a demat account is not necessary for investing in this fund.
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