ELSS NAV 47.5 0 08 December, 2023

An open-ended Equity Linked Savings Scheme (ELSS), Aditya Birla Sun Life Tax Relief 96 fund has a statutory lock-in period of 3 years. The fund offers a tax benefit to investors under Section 80C of the Income Tax Act, 1961. It offers wealth creation to the investors who have the long-term investment horizon. ABSL Tax Relief 96 fund is suitable for the investors who want to save taxes and have the appetite of tolerating a moderately high-risk.

Fund Details

Category ELSS
Fund Type Open Ended
Investment Plan Growth
Launch Date 29 March, 1996
Benchmark NIFTY 500 TRI
Asset Size(Cr) 14173.8516
ISIN No. INF209K01108
Turn over 26%
Min Investment ₹ 500
Min SIP Investment ₹ 1000
Min Addl Investment ₹ 500
Exit Load Nil
Expense Ratio 1.69
Fund Manager Atul Penkar, Dhaval Gala, Dhaval Joshi
Fund House Aditya Birla Sunlife Mutual Fund

Investment Returns (As on 08 Dec, 2023)

Duration Returns Benchmark Category
1 W -1.68% 1.58% 1.68%
1 M -2.47% 4.02% 3.64%
3 M 0.97% 1.44% 1.64%
6 M 14.82% 0.35% -0.87%
1 Y 10.11% 7.25% 5.63%
2 Y 2.7% 12.49% 11.19%
3 Y 11.45% 23.79% 23.4%
5 Y 8.84% 12.46% 9.95%

Risk Mesasures (As on 08 Dec, 2023)

Std Dev Sharpe Beta Alpha
Fund 19.67 1.22 0.44 0.98
Benchmark 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 30 Oct, 2023)

Assets Allocation

Sector Holdings
Others 4.96%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
ADITYA BIRLA SUN LIFE ELSS TAX SAVER FUND - Growth Option 10.11% 11.45% 8.84%
ICICI Prudential ELSS Tax Saver Fund (Tax Saving) - Growth 13.77% 22.57% 14.68%
Mirae Asset Tax Saver Fund-Regular Plan-Growth 16.1% 21.49% 17.75%
Axis ELSS Tax Saver Fund - Regular Plan - Growth 9.41% 14.92% 12.84%

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Aditya Birla Sun Life Tax Relief 96 Fund: Capital Growth with Tax Saving

Aditya Birla Sun Life Tax Relief 96' Growth is the most feasible scheme for the investors who are seeking long-term capital appreciation and want to save on their taxes. Whenever investments in mutual funds are concerned, everyone desires to opt for something that offers maximum benefits. Birla Sun Life Tax Relief 96 is one of the best schemes in the ELSS category, which provides tax benefit under Section 80C of Income Tax Act.

In order to offer the best solutions to the investors and fulfil their desires, the Aditya Birla Sun Life Mutual Fund came up with this plan in 1996. The number 96 in the name depicts the year in which it was launched. Every year, people search for various options which could help an individual in managing the taxes and reduce the burden. Aditya Birla Sun Life Tax Relief 96 Fund allows tax saving under section 80C and delivers capital appreciation on the invested amount. Hence, it is among the best tax saving schemes in the mutual fund industry. We recommend Birla Sun Life Tax Relief 96 Growth plan to our clients because of its superior performance and glorious track record, and we are certain that one can definitely achieve the set goals by opting for this ELSS mutual fund. To assist you to get an overview of the ABSL Tax Relief 96 Fund, a synopsis of the same is mentioned below:


ABSL Tax Relief 96 Fund: Investment Strategy

It is an ELSS Mutual Fund which is designed to cater to the needs of a large number of investors seeking tax benefits from mutual fund investments. ABSL Tax Relief 96 Fund aims to offer capital growth by investing more than 95% of the corpus in the stocks of companies of different size and sector for the long-term duration. A residual part of the corpus is invested in the debt and money market instruments. Furthermore, being an equity-linked savings scheme, it provides an opportunity to save tax by up to Rs 46,800* every financial year while growing the invested money of investors.


Aditya Birla Sun Life Tax Relief 96 NAV: Performance

As per the latest data available, we can easily conclude that the track record of the Aditya Birla Sun Life Tax Relief 96 Fund is appreciable since its inception. Aditya Birla Sun Life Tax Relief 96 holds a five-star rating and is ranked first under the ELSS category by many rating agencies. The prominence of the scheme in the Indian market can be better described with the help of the following points concerning its performance:

ABSL Tax Relief 96 Growth annualised returns have been phenomenal under every positive phase of the equity market. It has a high-risk portfolio and the investments must be accumulated for more than 5 years for better returns. Since inception, it has provided the highest trailing returns than any other scheme in the category. For a long term investment, one can expect annual gains of more than 15%. The SIP Calculator at MySIPonline can be used to calculate the expected outcomes from the scheme for a known tenure.

Its track record as against the set benchmark, i.e., S&P BSE 200, has always been impressive. ABSL Tax Relief 96 Fund has maintained a great lead over the benchmark and category average for many years.

Birla Sun Life Tax Relief 96 NAV has been volatile due to the involvement of aggressive stocks in the portfolio but in the long term outstanding returns have been delivered.

The absolute return for the positive market cycles has been impressive while in the negative phases the downtrends have been strategically restricted from freefall.


Birla Sun Life Tax Relief 96 Fund: Portfolio Review

With a significant asset size in the ELSS category of mutual funds, the fund manager of Aditya Birla Sun Life Tax Relief 96 Fund Growth scheme has invested a majority of the funds, i.e., nearly 97% in the equities and the remaining in the cash and call instruments. The equity investments are mainly focused on the large cap and mid cap stocks while a decent proportion of the corpus is also invested in the small-cap stocks. Compared to most of the other schemes in the category, the allocation in the mid and small-cap stocks is slightly higher. Hence, the risk associated is also high. The sector allocation graph of the plan depicts that major investments are in Financial, Automobile, Services, and Healthcare Sectors. Also, one can calculate the returns for the investment amount using our SIP return calculator and lump sum calculator.

The top five holdings of Aditya Birla Sun Life Tax Relief 96 mutual fund includes:

  1. Reliance Industries
  2. Honeywell Automation
  3. Gillette
  4. Bayer CropScience
  5. HDFC

With such a well-diversified portfolio, the Aditya Birla Sun Life Tax Relief 96 Fund has been successful in achieving its set targets in the past. Moreover, it has also helped many investors in reducing tax liability with SIP investments in a convenient and beneficial manner.

As per section 80C of the Income Tax Act 1961, investors can save up to Rs 46,800* every financial year. up to a maximum of Rs 1.5 lac can be reduced from the total taxable income by investing in Birla Sunlife Tax Relief 96 Fund. The invested amount also delivers long term capital appreciation. Hence, the investor gets the benefit of long term capital appreciation along with tax benefits.

In order to gain the maximum returns from your tax saving investments, the ELSS provides the best strategy and ABSL Tax Relief 96 Fund is among the top-performing ones under the same category. You can avail the dual benefit of tax savings and capital growth with this scheme. Start your investments in Birla Sun Life Tax Relief 96 Growth plan online investment to achieve the desired tax saving goals. You can also look at 5 best tax saving investment plans in India in order to save tax and compare to meet all your financial needs.

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Meet Our Clients
Aditya BSL Tax Relief 96 Fund provides a perfect blend of tax saving and wealth creation. I have suggested this scheme to all my friends who are burdened by tax implications and they thank me for that. The returns are great for long term. Everyone who is paying tax needs to be familiar with the benefits of the scheme. Highly recommended!
Manish Dave Pune, Maharashtra
I never knew tax saving could be so much convenient until I started investing in Aditya Birla SunLife Tax Relief 96 Fund. Apart from convenience, it is also much productive. I am investing through SIP for a long time and I have accumulated great wealth from this scheme. I don’t believe there could be any better tax saving strategy.
Shailendra Paliwal Ahmedabad, Gujarat
The SIP option in ABSL Tax Relief 96 Fund allowed me to save tax in the most convenient manner. If you pay tax then you might be familiar with the burden that we face while paying tax as a lump sum. This scheme has saved me from that as now I can invest monthly which reduces the tax liability every month without dis-balancing my financial stability.
Kailash Gupta Bharatpur, Rajasthan
Tax implications can be burdening. I have learnt from my experience that proper tax planning can greatly reduce the impact. Aditya Birla Sun Life Tax Relief 96 Fund is one of the best tax saving mutual funds. It has not only allowed me to reduce tax liability but has also provided me with outstanding gains. It is a blessing for those seeking tax saving investments.
Jatin Gangani Bangalore, karnataka
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