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Aditya Birla Sun Life Tax Relief 96

Aditya Birla Sun Life Tax Relief ’96 is an open-ended Equity Linked Savings Scheme that was launched in the year 1996. The AUM of this ELSS scheme stands at Rs. 8,913 crore (as on May 31, 2019). It has stood the test of time by withstanding challenging market conditions since its inception.

Like all ELSS schemes, it is accompanied by a lock-in period of 3 years. Investors of Aditya Birla Sun Life tax Relief ’96 are eligible to claim tax deduction under Section 80C of the Income Tax Act, 1961.

(Note – All the information contained in this page has been sourced from the website of Aditya Birla Sun Life Insurance.)

Statistics of Aditya Birla Sun Life Tax Relief 96

Fund Performance1 year3 year5 year
Trailing Returns-4.05%10.78%19.08%
Rolling Returns-4.19%12.53%20.52%
Beta0.8380.9080.938
Jensen’s Alpha5.29%2.13%8.14%
Sharpe-0.7360.2150.72
Sortino-0.2420.1180.354

Aditya Birla Sun Life Tax Relief 96 Performance

Aditya Birla Sun Life Tax Relief ’96, from the renowned fund house of Aditya Birla Sun Life Mutual Fund, holds the record of generating returns at the rate of -4.05% after 1 year, 10.78% after 3 years and 19.08% after 5 years. In context to these investment tenures, the benchmark of S&P BSE 200 Index recorded returns of -0.98%, 10.67% and 13.76% respectively. It is clear that the scheme and the benchmark have witnessed correction in the past year.

In the short term, this has adversely affected the capital growth, leading to under performance against the benchmark. In the mid-term, the scheme has broken even and outperformed its benchmark by a whisker. However, it has managed to outperform by a huge margin over the long term of 5 years. Evidently, Aditya Birla Sun Life Tax Relief ’96 achieves the highest capital growth over a longer period of time and, hence, is designed for long term investments.

Top Holdings of Aditya Birla Sun Life Tax Relief 96

Investment sectorWeight on Portfolio (%)
Honeywell Automation India7.39
Gillette India7.33
Reliance Industries7.29
Bayer Cropscience5.92
Pfizer5.84
GlaxoSmithKline Pharmaceuticals5.18
Sundaram Clayton4.82
Thomas Cook (India)4.53
HDFC4.4

Note: The above figures are based on October 2018 statistics

Why Invest in Aditya Birla Sun Life Tax Relief 96

Below are some benefits of Aditya Birla Sun Life Tax Relief ’96:

  • Like all ELSS schemes, investors of Aditya Birla Sun Life Tax Relief ’96 can avail tax deduction on investments up to Rs. 1.5 lakh under Section 80C of the Income Tax Act, 1961.
  • Offers the convenience of flexible investments through two categories of Systematic Investment Plans (SIP) – Monthly Systematic investment Plan and Weekly Systematic investment Plan
  • Offers a low lock-in period of 3 years, making it the best suited for individuals looking for a short term investment

Documents Required for Aditya Birla Sun Life Tax Relief 96

  • Proof of Identity: Aadhaar Card, PAN Card, Driving License, Voter ID, Passport, etc. are accepted documents
  • Proof of Address: Aadhaar Card, Passport, Driving License, Voter ID, electricity bill, telephone bill, gas bill, water bill, Ration Card, bank statement, etc. are some of the acceptable documents
  • Scheme application form
  • Cancelled cheque as proof of your bank account number
  • Passport sized photographs

FAQs on Aditya Birla Sun Life Tax Relief 96

What is Aditya Birla Sun Life Tax Relief ‘96?

Aditya Birla Sun Life Tax Relief ’96 is an open-ended Equity Linked Savings Scheme that was launched in the year 1996. The AUM of this ELSS scheme is among the largest among its competitors. It has stood the test of time by withstanding challenging market conditions since its inception.

Like all ELSS schemes, it is accompanied by a lock-in period of 3 years. Investors of Aditya Birla Sun Life tax Relief ’96 can avail tax benefits under Section 80C of the Income Tax Act, 1961.

Should I invest in Aditya Birla Sun Life Tax Relief ‘96?

The following are the salient benefits of Aditya Birla Sun Life Tax Relief ’96. It is one of the best investment plans if it is aligned to your unique investment objectives.

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