Aditya Birla Sun Life Tax Relief 96 Fund Overview

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Aditya Birla Sun Life Tax Relief 96 Fund is one of the top-rated tax saving mutual fund of Aditya Birla fund house. It was launched in 1996 with an investment objective of long term capital growth. Aditya Birla Sun Life Tax Relief 96’ Fund invests  around 80% of its portfolio in equity instruments and the rest amount is invested in money market and debt instruments to maintain a balance with the market volatility. It is an open-ended mutual fund scheme.

Important points regarding Aditya Birla Sun Life Relief 96 Fund

Here are some important points which you must remember while investing in Aditya Birla Sun Life Relief 96 Fund-

  • This fund falls under the category of mutual funds tax saving in India. So, Aditya Birla Sun Life Tax Relief 96 Fund helps in tax deduction under Section 80C.
  • Aditya Birla Sun Life Tax Relief 96 Fund has an amazing risk-adjusted return record for the past 20 years.
  • This Fund helps in earning a high return which is in sync with the inflation.
  • Opting for Aditya Birla Sun Life Relief 96 mutual fund investments in India, you will be exposed majorly in mid-cap companies and minorly in large-cap companies.
  • Aditya Birla Sun Life Tax Relief 96 Fund growth scheme follows the bottom up and top down approach while choosing the stocks.
  • Individuals who aims to build long term wealth and save tax eventually can invest in Aditya Birla Sun Life Tax Relief 96 Fund.
  • One needs to invest for a minimum of 3 years. But to yield more return, it’s always better to invest for a good 5 to 6 years.
  • Aditya Birla Sun Life Tax Relief 96 Fund takes into consideration the companies potential and profitability. Also, it takes into account the market fluctuation, macro-economic factors and so on while investing.
  • Either you can invest a lump-sum amount or can invest through SIP mode in Aditya Birla Sun Life Tax Relief 96 Fund growth plan.

Top 5 Sectoral Investments of Aditya Birla Sun Life Tax Relief 96 Fund

S.No. Holding Name Net Assets (in %)
1 Pharmaceuticals and Drugs 13.24
2 Bank – Private 13.09
3 Household and Personal Products 8.76
4 Refineries 7.81
5 Consumer Durables – Electronics 7.29

(as on date- 25/03/2019)

Top 5 Holdings of Aditya Birla Sun Life Tax Relief 96 Fund

S.No. Holding Name Net Assets (in %)
1 Reliance Industries Limited 7.81
2 Honeywell Automation India Limited 7.29
3 Gillette India Limited 6.79
4 Bayer Cropscience Limited 6.17
5 Pfizer Limited 6.07

(as on date- 25/03/2019)

Details of Aditya Birla Sun Life Tax Relief 96 Fund

Date of Inception- 29th March, 1996
Fund Manager- Mr. Ajay Garg
Benchmark- S&P BSE 200 Index
Riskometer- Moderately High
Return Since Launch- 24.64%
Expense Ratio- 2.21% (as on 28th Feb, 2019)
AUM- Rs. 7561 crore (as on 28th Feb, 2019)

Performance

  YTD 1-Month 3-Month 1-Year 3-Year 5-Year 10-Year
Fund -0.17 3.36 1.90 2.98 14.25 18.17 19.70
S&P BSE 200 TRI 3.08 4.57 4.97 10.78 15.26 14.32 17.21
Category 1.54 4.61 3.29 3.62 13.19 15.12 17.57
Rank within Category 28 30 28 22 12 2 4
Number of funds in category 35 36 35 35 33 29 26
As on Mar 25, 2019
Risk Measures (%) Mean Std Dev Sharpe Sortino Beta Alpha
Fund 16.22 13.60 0.73 1.01 0.91 0.51
S&P BSE 200 TRI 16.88 13.47 0.79 1.29
Category 15.08 14.04 0.63 0.98 0.96 -1.13
Rank within Category 11 14 9 17 8 7
Number of funds in category 33 33 33 33 33 33
As on Feb 28, 2019.

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