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Previously called: Birla SL Tax Relief 96 Direct-G

NAV as of ( Sep 09, 2022 )

45.66 0.18 % 1-D Change

14.73% p.a.

You get upto 0.84% extra returns

ET Money's Fund Report Card - Aditya Birla Sun Life Tax Relief 96 Fund

ET Money Rank

22

Out of 26

ranking
Performance Quality info

Very Poor drop-arrow

Generated returns consistently

1/5

Increased returns for each unit of additional risk info

1/5

Downside Protection info

Good drop-arrow

Controlled losses during market corrections

2/5

Delivered returns without frequent ups and downs

5/5

Minimum SIP amount is ₹
Minimum Lumpsum amount is ₹

By continuing, I agree to the Declaration and T&Cs.

none buyable frame

Fresh Investments closed in this fund!

This fund is no longer available to invest

This fund vs
Show performance of:

Scheme Details

ET Money Rank 22 Out of 26
VRO Rating 1
Expense ratio 0.91%  As on Jul 31, 2022
Exit Load 0%
AUM (Fund Size) 14,201 Crs
Lock-in 3 Years
Age 9 yrs 8 m Since Jan 01, 2013
Benchmark Nifty 500 TRI
Min. Investment

SIP 500  &

Lumpsum 500

About Aditya Birla Sun Life Tax Relief 96 Fund

Aditya Birla Sun Life Tax Relief 96 Direct-Growth is a ELSS mutual fund scheme from Aditya Birla Sun Life Mutual Fund . This fund has been in existence for 9 yrs 8 m, having been launched on 01/01/2013. Aditya Birla Sun Life Tax Relief 96 Direct-Growth has ₹14,201 Crores worth of assets under management (AUM) as on 30/06/2022 and is medium-sized fund of its category. The fund has an expense ratio of 0.91%, which is less than what most other Elss funds charge.
  • Aditya Birla Sun Life Tax Relief 96 Direct-Growth returns of last 1-year are -1.06%. Since launch, it has delivered 14.75% average annual returns. The fund has doubled the money invested in it every 6 yrs.
  • Aditya Birla Sun Life Tax Relief 96 Direct-Growth scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is below average.
  • The fund has the majority of its money invested in Financial, Healthcare, Services, Automobile, Technology sectors. It has taken less exposure in Financial, Healthcare sectors compared to other funds in the category.
  • The fund's top 5 holdings are in ICICI Bank Ltd., Reliance Industries Ltd., Housing Development Finance Corpn. Ltd., Honeywell Automation India Ltd., Kotak Mahindra Bank Ltd..
.....
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Total value Profit
This fund
Category Average
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Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Latest Asset & Portfolio Allocation

as on Aug 31, 2022
Allocation by Market Cap

Large Cap 54.66%

Mid Cap 32.35%

Small Cap 11.94%

Other Cap -0%

Allocation by Sector

Financial 31.54%

Healthcare 11.45%

Services 7.11%

Automobile 6.64%

Top Debt Holdings

Others 1.17%

Allocation by Credit Quality

Bifurcation by Credit Quality is not available for this fund

Allocation by Instruments

CBLO 1.17%

Other Holdings

Bifurcation by Holding is not available for this fund

Know in detail about the portfolio of this fund See detailed Portfolio Analysis

Comparison with elss Funds

as on Sep 12, 2022
Average
2.42%
1.69 % p.a
This fund

Lowest
0.95%

Highest
6.92%
Pick time period to see return
  • 1m
  • 3m
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  • 1y
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Trailing Returns and Ranks

as on Sep 12, 2022
Period Trailing returns Category average Rank within category
1 month 1.69% 2.42% 19 / 24
3 months 13.38% 15.89% 21 / 24
6 months 8.61% 8.42% 13 / 24
1 year -0.93% 5.34% 22 / 24
3 years 13.51% 21.71% 24 / 24
5 years 8.65% 12.68% 22 / 23

Know in detail about the returns of this fund See detailed Return Analysis

Riskometer

Level of Risk in the Scheme

Very High

Investors understand that their principal will be at Very High risk

Aditya Birla Sun Life Tax Relief 96 Fund

EQUITY ELSS

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. A combination of top down & bottom up approach will be followed in the stock selection process.

  • Std. Dev : 19.75
  • Alpha : -4.12
  • Beta : 0.85
  • Sharpe : 0.59
  • Sortino : 0.7
  • Profile

    Atul Penkar

    Mr.Penkar is a B.E. (Mechanical) and an MMS.

    Prior to joining Aditya Birla Sun Life AMC, he was with Emkay Shares & Stock Brokers Ltd.

  • Profile

    Dhaval Gala

    Mr. Gala has done BMS from Mithibai College and PGDBM-Finance from N.L.Dalmia Institute of Management Studies & Research.

    Prior to joining Aditya Birla Sun Life Mutual Fund, he has worked with B&K Securities( January 2008- February 2011) and J.P.Morgan Chase India Private Ltd ( May 2005-July 2006).

Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Mutual Fund

# SCHEMES

62

See all schemes

TOTAL AUM:

₹2,82,183 Crs

As on Jun 30, 2022

  • Address: One India Bulls Center - Tower 1,
    17th Floor - Jupiter Mills Compound,
    841 Senapati Bhawan, Elphinstone Road,
    Mumbai, 400013

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Frequently asked questions

How are the returns of Aditya Birla Sun Life Tax Relief 96 Fund ?

The Aditya Birla Sun Life Tax Relief 96 Fund is a 9 yrs 8 m old fund and has delivered average annual returns of 14.73% since inception.

Aditya Birla Sun Life Tax Relief 96 Fund Returns

1-Year 3-Year 5-Year Since Inception
-0.93% 13.51% 8.65% 14.73%

NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.

The NAV of Aditya Birla Sun Life Tax Relief 96 Fund for Sep 09, 2022 is 45.66 .

Aditya Birla Sun Life Tax Relief 96 Fund has an ET Money Rank of # 22 of 26 and a consistency rating of 1 .

This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.

On ET Money, Investing in Aditya Birla Sun Life Tax Relief 96 Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -

  1. Click on the Invest Now Button present on the top right-hand side.
  2. Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
  3. Provide few more details needed including the bank account from which you will be making the payment and confirm.
  4. That's it. Your SIP or one-time investment in Aditya Birla Sun Life Tax Relief 96 Fund is done.

The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.

The Expense Ratio of the direct plan of Aditya Birla Sun Life Tax Relief 96 Fund is 0.91%.  .

Redeeming your investments in Aditya Birla Sun Life Tax Relief 96 Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Aditya Birla Sun Life Tax Relief 96 Fund from anywhere else, you can go to the fund house website and put a request through it.

AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.

The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.

The AUM of Aditya Birla Sun Life Tax Relief 96 Fund is ₹14,201 Crs.

The Aditya Birla Sun Life Tax Relief 96 Fund has invested the majority of its money in the stocks of the following companies -

Company Percentage of Portfolio
ICICI Bank Ltd. 7.5%
Reliance Industries Ltd. 6.16%
Housing Development Finance Corpn. Ltd. 6.15%
Honeywell Automation India Ltd. 5.8%
Kotak Mahindra Bank Ltd. 4.97%
HDFC Bank Ltd. 4.86%
Infosys Ltd. 4.68%
Bayer CropScience Ltd. 4.29%
Larsen & Toubro Ltd. 3.6%
Gillette India Ltd. 3.38%

The Aditya Birla Sun Life Tax Relief 96 Fund has primarily invested in the following sectors

Sector Percentage of Portfolio
Financial 31.54%
Healthcare 11.45%
Services 7.11%
Automobile 6.64%
Technology 6.53%
Energy 6.16%
Capital Goods 5.8%
Consumer Staples 5.67%
Materials 4.98%
Consumer Discretionary 4.56%
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