It has a track record of more than 20 years and it has tested various investment cycles. This scheme is a well-diversified, multi-cap fund with representation from all major sectors which includes automobiles, consumer discretionary, FMCG, financial services, industrial and capital goods, pharmaceutical and agrochemicals. The fund gave 24.29% annualized return since its launch in March 1996. 3.27%, CBLO The fund has performed well in the long-run. Its longer term track record suggests a fair degree of consistency in delivering alpha, making it a worthy offering in this space. RIL (PP) 1,138.40 75.25. Subscribe Now! 3rd floor, No. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. 1.08%, Infosys Ltd. It … 3-Point Analysis | With economy recovering, earnings improving, and markets clocking record high, why is there still no respite in equity outflows? In case of equity investments, investors should ideally keep a minimum 3-5 year horizon and the lock-in of 3 years ensures that investors do not get swayed by short-term volatility. By using this site, you agree to the Terms of Service and Privacy Policy. Be a Pro and get Voot Select. 3.31%, ICICI Bank Ltd. One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai 400013, 022-43568000 / 1800-270-7000 / 1800-22-7000. Of India Ltd. For reprint rights: Aditya Birla Sun Life Tax Relief 96 fund review: Consistent record of beating its benchmark. When the index moves up, it tends to move up higher. Indiqube @ The Leela Galleria To submit a news tip or a topic that you would like us to write about, use: letters [AT] freefincal.com. Fund review | Aditya Birla Sun Life Tax Relief 96: Ideal ELSS for tax... Technical View: Nifty forms Hanging Man pattern, 12,770 crucial for... Abbott India Q2 net profit up 1% to Rs 181 crore, LIC Housing Finance Q2 profit up 3% at Rs 790 crore. (Google Play Store), Install Freefincal Retirement Planner App! 0.96 % 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. A profit of Rs 1.08 lakhs in just 5 years. Aditya Birla Sun Life Tax Relief 96: Check Aditya Birla Sun Life Tax Relief 96 Review on The Economic Times. SEBI Reg. A combination of top down & bottom up approach will be followed in the stock selection process. Also, it is one of the best performing ELSS schemes in the category. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. Even if one chose to redeem their investment then they would be liable to pay tax only on Rs 8K as gains up to Rs 1 lakh are exempt from taxes. 4.79%, Reliance Industries Ltd - PPE Required fields are marked *, SBI Focused Equity Fund is among the top 5 focused funds as ranked by Upwardly. He pointed out, in the past this fund had struggled to beat its benchmark and category average i.e. All ELSS funds should maintain 80% of stocks in their portfolio as per finance ministry regulation. Mirae Asset India Opportunities Fund Renamed to Mirae Asset India Equity Fund, Mirae Asset Emerging Bluechip Fund : Fund Review, HDFC Midcap Opportunities Fund : Fund Review, Best Investment options for NRIs for Large One-Time Investments. Get detailed Portfolio analysis for Aditya Birla Sun Life Tax Relief 96 - Dividend. All Rights Reserved. At some point, I recall ABSL having three ELSS fund, one their own and two from other AMC acquisitions (or is two?). The fund has been ranked as one of the top funds in the ELSS category for a very long time. This index is a 50:50 mix of NIfty 100 and Nifty Midcap 150 indices. 8.48%, Pfizer Ltd. Aditya Birla Sun Life Tax Relief 96. lectures on goal-based portfolio management, How you can improve your financial life with an office study group, Nifty Next 50 Index Funds with lowest tracking error, WhatsApp Payments-What is it and How to use it, Nifty 50 stocks with weights for November 2020, What we can learn from Petrol, Diesel historical price inflation data. Tomorrow is different. Read more: Making the best use of section 80C for tax saving: an example, If in spite of all this, you still feel the itch to buy ELSS funds, you can consider this. The fund accepts both lump sum and SIP investments. or medium without express writtern permission of moneycontrol.com is prohibited. I think Aditya Birla Sun Life Tax Relief 96 Fund is an excellent choice of saving tax IF, repeat IF you want such benefits Remember there is no need to for ELSS funds. and balance spread across large cap 43% (approx.) 2.49%, Tata Consultancy Services Ltd. He has been managing this scheme since 1st October, 2006. 7.74%, Construction 0.84%, Maruti Suzuki India Ltd. Benchmarks . Let's reshape it today, Hunt for the brightest engineers in India, Data Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. While income tax saving is top priority among people while planning their finances, it is also important to understand that investments made for saving tax help to build wealth and achieve long-term goals of a family. Aditya Birla Sun Life Tax Relief 96 Fund has beaten its category average by 0.4-3 percentage points and its benchmark by 5 percentage points in the 3 and 5-year returns. The full stats are given below. An efficient way to do the same could be investing in one of the oldest ELSS fund i.e. ADITYA BIRLA SUN LIFE TAX RELIEF ‘96 (An Open ended Equity Linked Saving Scheme with a statutory lock-in of 3 years and tax benefit.) Install the Financial Freedom App! 45.82%, Small Cap Mutual Funds investments are subject to market risk, read all scheme related documents carefully. This is a performance of Aditya Birla Sun Life Tax Relief 96 Fund, an ELSS mutual fund that qualifies for tax saving under section 80 C. In Jan 2019, I had featured this as one among the seven consistent ELSS performers. 2.37%, Diversified Plan for the money well in advance, Return (Returns greater than 1 year are annualized). 1.27%, MRF Ltd. 1.58%, Fortis Healthcare (India) Ltd 1.72%, Hindustan Unilever Ltd. 26.04%, Healthcare 3%, Services No. All times stamps are reflecting IST (Indian Standard Time). NSE Gainer-Large Cap . 3.27%, Bifurcation by Holding is not available for this fund, Investors understand that their principal will be at Moderately High Aditya Birla Sun Life Tax Relief 96 Fund is ranked 9th in its category by Upwardly. Also, the fund has a 3-year lock-in period. Aditya Birla Sun Life Tax Relief ’96 – Growth – Direct Plan is the only ELSS fund (and plan) to have beat the NiftyLargeMidcap250 Index 70% of the time or more, over 1,2,3,4 and 5 years! 0.45%, Century Textiles & Inds. 7.74%, Bayer CropScience Ltd. Ltd. 8.48%, Pfizer Ltd. Johnson Controls - Hitachi Air Conditioning India Ltd. We do not accept paid/free guest post requests. Let us take an in-depth look at its performance. Copyright © e-Eighteen.com Ltd All rights resderved. Quality orientation involves selecting companies run by professional managements which have strong promoters, adhere to corporate governance, spend sizeable amount of revenue on research and development, predictability of earnings, and companies which have strong moats. 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. The fund has been ranked as one of the top funds in the ELSS category for a very long time. Performance of any investment portfolio can neither be predicted nor guaranteed. No of rolling return entries Index (1 Year), No of rolling return entries Fund (1 year), No of times fund has outperformed index (1 year), rolling return outperformance Consistency, No of rolling return entries Index (2 Years), No of rolling return entries Fund (2 years), No of times fund has outperformed index (2 years), rolling return outperformance Consistency Score (2 years), No of rolling return entries Index (3 Years), No of rolling return entries Fund (3 years), No of times fund has outperformed index (3 years), rolling return outperformance Consistency Score (3 years), No of rolling return entries Index (4 Years), No of rolling return entries Fund (4 years), No of times fund has outperformed index (4 years), rolling return outperformance Consistency Score (4 years), No of rolling return entries Index (5 Years), No of rolling return entries Fund (5 years), No of times fund has outperformed index (5 years), rolling return outperformance Consistency Score (5 years), downside protection consistency (2 years), downside protection consistency (3 years), downside protection consistency (4 years), downside protection consistency (5 years). Nifty 11,813.50 144.35. Investment objective. 8.23%, Other Cap You can now reduce fear, doubt and uncertainty while investing for your financial goals! Go. 1.24%, Bata India Ltd. 4.2%, Cons Durable Do not start dreaming of a bull run even IF exit polls are right!! Also, in the May 2019 Active Mutual Fund Performance Report only 8/31 funds qualified for risk, reward performance consistency over 5 years. This fund is one of them. Previously called: Birla SL Tax Relief 96 Direct-G, ₹ Investors looking at saving taxes and a good investment opportunity to earn good returns can invest in this fund. Fund House : Aditya Birla Sun Life Mutual Fund. The fund has performed better than most of its peers in the 5-year returns. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. 8.24%, Honeywell Automation India Ltd. How to invest if you have a low risk appetite? It is also one of the rare funds to have a good upside performance consistency too! Find out Aditya Birla Sun Life Tax Relief 96 asset allocation, Aditya Birla Sun Life Tax Relief 96 NAV range, Aditya Birla Sun Life Tax Relief 96 performance, returns and more. Cadila Health 437.65 27.0. The management team has been stable since 2006 under the leadership of the fund manager Mr Ajay Garg.
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