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The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Aditya Birla Sun Life Mutual Fund (ABSLMF), securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America ("US") and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under the US Securities Act of 1933, as amended) and persons of Canada.
By entering this Website or accessing any data contained in this Website, I/We hereby confirm that I/We am/are not a U.S. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. I/We hereby confirm that I/We are not giving a false confirmation and/or disguising my/our country of residence. I/We confirm that Aditya Birla Sun Life Mutual Fund / Aditya Birla Sun Life AMC Limited (ABSLAMC) is relying upon this confirmation and in no event shall the directors, officers, employees, trustees, agents of ABSLAMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided.
Investment objective is to save tax while growing your money through Equity Invesments
Investment Horizon: 3 Years and above
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:
Minimum Balance in the scheme at the time of enrollment for STP facility:
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.
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
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:
All the above mentioned limits are subject to maximum cover of Rs.50 lacs per investor across all schemes/plans/folios of the fund.
Total Experience : 22 years
Use this tool by entering any amount you would have invested to calculate how much it would be worth today.
Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.
Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.
ABSL 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.
ABSL Tax Relief ’96 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 ABSL Tax Relief ’96, 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.
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.
(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)
*We recommend investors to consult their financial advisers in case of doubt about whether the product is suitable for them.
For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.