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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.
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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.
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.
Total Experience : 27 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.
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.
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.
(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.