3 Year return

13.33%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹3,00,000
Gain
  • Total Value

ENTER AMOUNT

Your Investment
Gain
  • Total Value

Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹15481.43 Cr.

Expense Ratio

0.91% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

1
0
2

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Aditya Birla Sun Life Mutual Fund Managers

AG

Ajay Garg

Fund Manager since Feb 2019

View Details

Fund House Details

Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Mutual Fund Asset management company

AUM ₹332,579.31 Cr.
No. of Schemes 226
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Aditya Birla Sun Life Mutual Fund

List of mutual fund schemes by AMC

About Aditya Birla Sun Life Tax Relief '96 Growth Direct Plan

Aditya Birla Sun Life Tax Relief '96 Growth Direct Plan is an Equity-Linked Savings Scheme (ELSS), provided by Aditya Birla Sun Life Mutual Fund. Falling in the category of ELSS the fund offers certain tax advantages under Section 80C of the Indian Income Tax Act of 1961. This is a growth fund in which the majority of your assets are invested in large-cap firm equities with the potential for significant growth. There is also some investment made in debt instruments like money market securities. An important thing to note is that this fund has a mandatory lock-in period of 3 years.

Investment Objective of the Scheme

The clear investment objective of Aditya Birla Sun Life Tax Relief '96 Growth Direct Plan is to make available long-term capital appreciation by investing in equity. The fund aims at diversification of your portfolio by investing in stocks across industries and sectors, and companies with a range of market capitalisations. These would all be considered quality stocks that the fund expects will probably grow in the long run. Additionally, the plan aims to deliver the potential for growth and tax savings.

Key Features of The Fund

5-year return 14.14%
Expense Ratio 0.91%
Fund Manager Ajay Garg
Fund Size ₹15481.43 Cr
Risk Profile Very High

Is This Scheme Right for Me?

If you are a moderate to high-risk investor searching for a fund that will potentially grow your wealth and give you tax advantages, then you may think of investing in the Aditya Birla Sun Life Tax Relief '96 Growth Direct Plan. However, before investing in any instruments, it is worth evaluating your personal goals and individual financial needs.

AMC Contact Details

Name Aditya Birla Sun Life Mutual Fund
Launch Date September 1994
Addresss One India Bulls Centre, Tower-1, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai, 400013
Contact 1-800-22-7000
Email care.mutualfunds@adityabirlacapital.com
Website https://mutualfund.adityabirlacapital.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Enhance the Creation of Long-Term Wealth With SIPs

SIPs are an effective strategy for building long-term wealth. SIPs leverage the power of compounding by continuously making small, regular investments at regular periods, which lets your money increase substantially over time. This tactic works especially well for reaching financial goals in the long run. With the help of mutual fund SIP calculator, you can efficiently plan your SIP investments and estimate possible returns.

FAQs

What is today's NAV of Aditya Birla Sun Life ELSS Tax Saver Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Aditya Birla Sun Life ELSS Tax Saver Fund Jun 21 2024 is 63.01

What is the AUM of Aditya Birla Sun Life ELSS Tax Saver Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Aditya Birla Sun Life ELSS Tax Saver Fund is 15481.43 crore.

What is the expense ratio of Aditya Birla Sun Life ELSS Tax Saver Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Aditya Birla Sun Life ELSS Tax Saver Fund is 0.91%

What are the returns of Aditya Birla Sun Life ELSS Tax Saver Fund since inception?

The Aditya Birla Sun Life ELSS Tax Saver Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 15.57 since inception.

What is the minimum SIP amount to invest in Aditya Birla Sun Life ELSS Tax Saver Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Aditya Birla Sun Life ELSS Tax Saver Fund is 500.

How do I invest in Aditya Birla Sun Life ELSS Tax Saver Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Aditya Birla Sun Life ELSS Tax Saver Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Aditya Birla Sun Life ELSS Tax Saver Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Aditya Birla Sun Life ELSS Tax Saver Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.