Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Tax Relief 96 Fund - Plan B | ABSL Tax Relief 96 Fund - ABSLMF

Aditya Birla Sun Life Tax Relief 96

(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)

Class: Equity
Category: ELSS

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


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.

Century SIP - SIP to enable your long term wealth creation while providing Free Life Insurance of upto Rs 50 Lacs

Century SIP - In addition to the regular SIP facility for the Scheme, Aditya Birla Sun Life Century SIP (CSIP) gives the benefit of Free Life Insurance cover up to Rs.50Lacs. It is eligible for individual investors whose age is 18 years and above but less than 51 years, at the time of the first investment. In case of joint unit holders in the scheme, only the first unit holder would be eligible for the insurance cover.

Investment Amount in Century SIP

  • Minimum: Rs1000 per month
  • Maximum: No upper limit

Investors should note that once CSIP is availed, CSIP amount cannot be changed. However, investors can avail the step-up SIP feature.

Tenure of Century SIP

60 Years and less than the current completed age of the investor. If the investor has chosen an end date which is beyond 60 years of age the SIP will continue beyond the age of 60, however without any insurance benefits.

Amount of Insurance Cover:

If Century SIP continues, the insurance cover would be as follows:

  • Year 1 : 10 times the monthly Century SIP installment
  • Year 2 : 50 times the monthly Century SIP installment
  • Year 3 onwards : 100 times the monthly Century SIP installment

All the above mentioned limits are subject to maximum cover of Rs.50 lacs per investor across all schemes/plans/folios of the fund.

Fund Details

  • Fund Type - Open-Ended
  • Class - Equity
  • Category - ELSS
  • 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. Ajay Garg
  • Latest NAV - 31.59 (as on 21-Sep-2020)
  • Inception Date - Dec 30, 1995
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Fund Performance

Trailing Return

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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

  • Mr. Ajay Garg

    Total Experience : 22 years

    View Full Profile
    Ajay Garg is Senior Fund Manager at Aditya Birla Sun Life AMC Limited (ABSLAMC). Ajay has over two and a half decades of experience in financial services and an extensive understanding of Indian equity markets.

    Prior to joining ABSLAMC in 2003, Ajay was with American Express Bank and certain brokerage firms.

    An alumni of Hartmann College Class of 1987, Ajay is an Electronics Engineer from Bangalore University, and an MBA Finance from Mumbai University.
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Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
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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

    Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.

    5.10%
  • Benchmark XIRR

    Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.

    8%

Portfolio and Sector Holdings

Top 10 Holdings (As on 29.02.2020)

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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

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 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

 

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

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DOWNLOAD

  • KIM - Aditya Birla Sun Life Tax Relief '96
  • SID - Aditya Birla Sun Life Tax Relief '96
  • Product Brochure

Disclaimer

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

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