Aditya Birla Sun Life Tax Relief 96 Direct Plan Growth
- 13.18%
- (+0.2)41.27
Min amount: ₹500
Calculate Returns
Save up to Rs 46,800 in taxes every year.
Highest returns compared to other 80C investments.
Lowest lock-in of 3 years
| Tax Saving FD | PPF | ELSS | |
|---|---|---|---|
| Average Annualised Returns i | 6% | 8% | 12% |
| Tax rates i | 30% | Not taxable | 10%* |
| Returns after tax i | 4.2% | 8.00% | 10.80% |
| Current rate of Inflation i | 4% | 4% | 4% |
| Real Rate of Return i | 0.2% | 4.00% | 6.80% |
| Lock-in Period i | 5 years | 15 years | 3 years |
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Fund Summary
| Period | Returns(per year) |
|---|---|
| 10 Years | -- |
| 5 Years | 13.18% |
| 3 Years | 7.36% |
| 1 Year | 42.7% |
| 6 Months | 15.12% |
| Fund Details | |
|---|---|
| ISIN | INF209K01UN8 |
| Risk | Very High Risk |
| Fund Type | ELSS (Tax Savings) |
| NAV | 41.27 |
| Exit Load | -- |
More about this fund
| Top Holdings | Weightage |
|---|---|
| Honeywell Automation India Ltd | 9.75% |
| Housing Development Finance Corp Ltd | 8.85% |
| Pfizer Ltd Shs Dematerialised | 6.22% |
| Bayer CropScience Ltd | 5.8% |
| Kotak Mahindra Bank Ltd | 5.72% |
| Larsen & Toubro Ltd Shs Dematerialised | 4.14% |
| Gillette India Ltd Shs Dematerialised | 4.06% |
| Reliance Industries Limited | 4.02% |
| GlaxoSmithKline Pharmaceuticals Ltd | 3.97% |
| ICICI Bank Ltd | 3.83% |
About Aditya Birla Sun Life Tax Relief 96 Fund - Direct Plan - Growth
This is an open-ended equity-linked saving scheme (ELSS) that aims to generate long-term capital growth by investing 80% of the assets in equity and the remaining 20% in debt and money market instruments.
Pros and Cons of Aditya Birla Sun Life Tax Relief 96 Fund - Direct Plan - Growth
Exit load for the fund is zero. The three-year and five-year returns for the fund are higher than the category average returns.
Fund Information and Statistics
i) Inception/Launch Date
The fund scheme was rolled out on 30 December 1995.
ii) Risk Level
A moderately high risk is associated with the fund scheme since it predominantly invests in equity instruments.
iii) Redemption
The fund comes with a lock-in period of three years as prescribed by Section 80C of the Income Tax Act, 1961.
iv) Fund Manager
Mr Ajay Garg is the current Fund Manager.
v) Entry/Exit Load
There is no entry and exit load applicable.
About Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund was set up on 23 December 1994 and got registered with SEBI on 4 December 2009. The fund house has Aditya Birla Nuvo Limited and Sun Life (India) AMC Investments Inc. as sponsors. Whereas, Aditya Birla Sun Life Trustee Company Private Limited is the trustee company. It offers about 154 folios to the customers.
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Min amount: ₹500
Calculate Returns
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns