3 Year return
13.83%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹15895.16 Cr.
Expense Ratio
0.98% (inclusive of GST)
Exit Load
Nil
Tax Implications
Withdrawal after 3 years:
12.5% tax on gains above ₹1.25 lakh per financial year
Fund Holdings
Aditya Birla Sun Life Mutual Fund Managers
AG
Ajay Garg
Fund Manager since Feb 2019
Fund House Details
Aditya Birla Sun Life Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Motilal Oswal ELSS Tax Saver Fund |
30.45% |
2.5 |
Bank of India ELSS Tax Saver |
22.66% |
3 |
Quant ELSS Tax Saver Fund |
21.52% |
3.5 |
Schemes by Aditya Birla Sun Life Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
Aditya Birla Sun Life Arbitrage Fund Direct IDCW Payout
Hybrid . Arbitrage Fund
Aditya Birla Sun Life Arbitrage Fund Direct IDCW Reinvestment
Other . FoFs Domestic
Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme Direct IDCW Payout
Other . FoFs Domestic
Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme Direct IDCW Reinvestment
Other . FoFs Domestic
Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme Direct Plan Growth
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 | 14.18% |
Expense Ratio | 0.98% |
Fund Manager | Ajay Garg |
Fund Size | ₹15895.16 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 |
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
FAQs
What is today's NAV of Aditya Birla Sun Life ELSS Tax Saver Fund?
What is the AUM of Aditya Birla Sun Life ELSS Tax Saver Fund?
What is the expense ratio of Aditya Birla Sun Life ELSS Tax Saver Fund?
What are the returns of Aditya Birla Sun Life ELSS Tax Saver Fund since inception?
What is the minimum SIP amount to invest in Aditya Birla Sun Life ELSS Tax Saver Fund?
How do I invest in Aditya Birla Sun Life ELSS Tax Saver Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- 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?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Aditya Birla Sun Life ELSS Tax Saver Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- 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?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.