Invest in ELSS – Tax Saving Mutual Funds & Save Upto ₹46,800 In Taxes
Aditya Birla Sun Life Tax Relief 96 Fund
The scheme seeks long-term capital growth and will invest approximately 80 per cent of its assets in equity, while the balance would be a invested in debt and money market instrument. It was converted to an open- ended scheme with effect from July 1999. A combination of top down & bottom up approach will be followed in the stock selection process.
Save up to Rs 46,800 in taxes every year.
Highest returns compared to other 80C investments.
Lowest lock-in of 3 years
Returns per yr (5 year Avg) : 19.38%
- Scheme Obj : Equity ELSS
- Launch Date : Mar 29, 1996
- Benchmark : S&P BSE 200 TRI
- Scheme Type : Open-ended
- Fund Manager : Ajay Garg
- Growth : Rs. 30.52
- Riskometer : Moderately High
- Risk Grade : Below Average
- Return Grade : High
- Turnover : 1,071%
- Return since Launch : 24.45%
- Minimum SIP Investment (R) : 500
- Entry Load : N.A.
- Exit Load : N.A.
- Ex. Ratio : 1.92 (As on Nov 30, 2018)
- Current Nav : 30.4200 (8-1-2019)
- Equity : 96.46
- Debt : 3.60
- Other : -0.06
- Corpus (Cr.) : 6,984.00
- 52 Week High : 33.66 (03/09/2018)
- 52 Week Low : 28.14 (26/10/2018)
- Alpha : 0.53
- Beta : 0.92
- Mean : 12.79
- Std. Deviation : 14.98
- Sharpe Ratio : 0.43
Top Holdings as on 30/11/2018
|Holding||Instrument||Net Asset (%)|
|Thomas Cook (India)||Equity||4.77|
|Kotak Mahindra Bank||Equity||3.22|
|Johnson Controls – Hitachi Air ConditiEquity||3.03|
|Maruti Suzuki India||Equity||1.37|
|Kansai Nerolac Paints||Equity||1.26|
ELSS PPF FD
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Mutual Fund ELSS schemes : Best way to Save Tax and Create Wealth.
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Investments in Equity Linked Savings Schemes are exempt from taxes under Section 80C of Income Tax Act 1961. By investing up to Rs 150,000 (maximum allowable investment under Section 80C), investors can save up to Rs 46,350 in taxes.
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