Aditya Birla Sun Life Tax Relief 96-Growth

GrowthDividend

Things you should consider

  • Riskometer
    Aditya Birla Sun Life Tax Relief 96-Growth
    Investors understand that their principal will be at Moderately High risk.
  • Annualized return for the last 3 years
    1.82%
    ?
  • Suggested Investment Horizon
    >3 years
    ?
  • Average time taken to double the money since inception
    3 years 8 m
    ?
  •  

Fund NAV Range

1 Month Low/High
52 Week Low/High

Asset Allocation

ASSET
ALLOCATION (%)
Equity
96.87
Debt
3.32
Others
-0.19

Current vs Stated Allocation

EQUITY
DEBT
OTHERS

Investment Growth

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Top 5 Peer Comparison

Aditya Birla Sun Life Tax Relief 96-Growth
1 Year Return
2.88 %
3 Years Return
1.82 %
Canara Robeco Equity Tax Saver Regular - Growth
1 Year Return
11.14 %
3 Years Return
8.83 %
Quant Tax Plan-Growth
1 Year Return
22.21 %
3 Years Return
8.34 %
Mirae Asset Tax Saver Fund Regular-Growth
1 Year Return
9.40 %
3 Years Return
6.89 %
BOI AXA Tax Advantage Regular-Growth
1 Year Return
16.15 %
3 Years Return
5.77 %

My Transactions

Aditya Birla Sun Life Tax Relief 96 Fund

Aditya Birla Sun Life Tax Relief 96 Fund is an open-ended equity linked saving scheme (ELSS) with a compulsory lock-in period of three years. It comes with tax benefits under Section 80C of the Income Tax Act. The fund currently manages assets worth Rs 8,816 crore, as on July 31 2019.

The investment objective of the fund is to save tax while growing money through equity investments, according to Aditya Birla Sun Life Mutual Fund.

“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 and 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,” according to Aditya Birla Sun Life Mutual Fund.

Minimum investment required is Rs 500, and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.

Aditya Birla Sun Life Tax Relief 96 Fund is managed by Ajay Garg. He has been managing the fund since October 2006. He has total experience of over 22 years and has extensive understanding of Indian equity markets.

The suggested investment horizon for investing in Aditya Birla Sun Life Tax Relief 96 Fund is three years and above. As per Aditya Birla Sun Life Mutual Fund, the fund is suitable for investors with moderate high risk tolerance and seeking long-term capital growth.
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