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

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

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Fund Details

  • Fund Type - Open-Ended
  • Class - Equity
  • Category - ELSS
  • Min Investment - Rs. 500/-
  • Fund Manager - Mr. Ajay Garg
  • Latest NAV - 28.77 (as on 19-Sep-2019)
  • Inception Date - Mar 30, 1996
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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.
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

    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 31.05.2019)

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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

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. The 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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