Aditya Birla SL Tax Relief '96(G)-Direct Plan

Aditya Birla SL Tax Relief '96(G)-Direct Plan
Dividend Yearly
NA
Category
Equity - Tax Saving
52-week NAV high
34.52  (As on 02-12-2019)
52-week NAV low
29.83  (As on 22-08-2019)
Expense
1.06%  (As on 31-10-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 0.83 9.23 2.38 6.69 2.38 13.28 12.32 11.14 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jan 01, 2013
Last Dividend
NA
Minimum Investment
500

The Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option is an open-ended equity-linked savings scheme offered by Birla Sun Life Mutual Fund and managed by Birla Sun Life Asset Management Company Limited. The trustee company of the fund house is Birla Sun Life Trustee Company Pvt. Ltd.

Investment Objective of the Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option

The investment objective of the Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option is to generate capital appreciation in the long term via investment in a portfolio consisting of equity and equity-related instruments as well as money market and debt securities.

Key Features of the Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option

Here are some of the key features of the Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option:

Type of Fund

Open-ended equity-linked savings scheme

Plans Available

  1. Regular Plan
  2. Direct Plan

Options Under Each Plan

Both the Direct Plan and the Regular Plan come with the following options:

  1. Dividend Option
  2. Growth Option

The Dividend Option comes with the following facilities:

  1. Payout
  2. Sweep

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Risk Factor

Moderately High

Investment Amount for the Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option

Minimum Application Amount (for Growth option)

Rs.500 and in multiples of Re.1 thereafter

Minimum Additional Investment (for Growth option)

Rs.500 and in multiples of Re.1 thereafter

Minimum Instalment for Systematic Investment Plans

  • Monthly Option: Minimum of Rs.500 per month (minimum of 12 instalments)
  • Weekly Option: Minimum of Rs.500 per week (minimum of six instalments)

Entry Load

Not Applicable

Exit Load

Nil

Asset Allocation for the Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option

Instruments

Allocations (Percentage of total assets)

Equity and Equity-related instruments

80% to 100%

Money market and debt instruments (including securitised debt)

0% to 20%

NAV Disclosure and Benchmark for Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option

The Net Asset Value of the Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option will be calculated on a daily basis by the Asset Management Company. The NAV shall be published on the website of Birla Sun Life Mutual Fund and the website of the Association of Mutual Funds in India where investors can check the same. The Net Asset Value shall also be published in a minimum of two daily newspapers that are circulated across the country.

Benchmark Index of the Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option: S&P BSE 200 Index.

Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option Fund Manager

The Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option is managed by Mr. Ajay Garg, who has been working with the Asset Management Company since January 2003. Before joining Birla Sun Life Asset Management Company Limited, Mr. Garg worked with Birla Sun Life Securities Ltd. and has a total of 23 years of work experience in financial services under his belt. He has been managing the Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option since October 2006.

Why you should invest in the Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option

The Birla Sun Life Tax Relief ‘96 - Direct Plan - Growth Option can be a good investment option for those who seek capital growth in the long term along with tax benefits under Section 80C of the Income Tax Act, 1961.

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