Aditya Birla Sun Life Tax Relief 96 - Growth Option

Fund House: Aditya Birla Sun Life Mutual Fund
Category: Equity: ELSS
Launch Date: 29-03-1996
Asset Class: Equity
Benchmark: NIFTY 500 TRI
Expense Ratio: 1.75% As on (31-10-2022)
Status: Open Ended Schemes
Minimum Investment: 500.0
Minimum Topup: 500.0
Total Assets: 13,943.84 Cr As on (31-10-2022)
Turn over: 30% | Exit Load: Nil

42.35

10.28%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
NIFTY 50 TRI
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
18 Years 8 Months
24 Years 11 Months
There is no value for 5x
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme seeks long-term capital growth and will invest approximately 80 per cent of its assets in equity, while the balance would be a invested in debt and money market instrument. It was converted to an open-ended scheme with effect from July 1999. Acombination of top down & bottom up approach will be followed in the stock selection process.

Current Asset Allocation (%)

Indicators

Volatility 13.58
Sharp Ratio 1.22
Alpha 0.44
Beta 0.98
Yield to Maturity -
Average Maturity -

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
Aditya Birla Sun Life Tax Relief 96 - Growth Option 29-03-1996 2.05 10.78 9.44 6.56 13.93
Quant Tax Plan - Growth Option - Regular Plan 01-04-2000 17.49 43.34 38.19 22.25 20.79
HDFC Taxsaver - Growth Plan 05-03-1996 16.37 29.32 17.74 9.32 13.58
Parag Parikh Tax Saver Fund- Regular Growth 08-07-2019 12.76 25.33 24.06 - -
Tata India Tax Savings Fund-Growth-Regular Plan 13-10-2014 12.34 23.27 16.78 11.45 -
IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth 26-12-2008 12.06 31.01 23.61 12.7 16.83
SBI Long Term Equity Fund - Regular Plan- Growth 31-03-1993 11.83 24.76 19.46 11.15 13.93
Nippon India Tax Saver (ELSS) Fund-Growth Plan-Growth Option 05-09-2005 11.8 27.58 15.15 4.86 13.31
Quantum Tax Saving Fund - Regular Plan Growth Option 01-04-2017 11.62 20.07 15.74 9.39 -
Franklin India Taxshield-Growth 05-04-1999 11.01 25.52 17.97 11.46 14.76

Scheme Characteristics

Minimum investment in equity & equity related instruments - 80% of total assets (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance).

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Small Cap

12.08%

Others

1.62%

Large Cap

56.65%

Mid Cap

29.64%

Tax Benefits of investing in this fund

Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#

Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **

# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund

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