Birla Sun Life Tax Relief 96

NAV Date 05-12-2019
Fund Name Category NAV NAV Change 1 year %
Aditya Birla SL Dynamic Bond Fund-Reg(G) Debt - Short Term Income 31.11 0.2044 -00.38
Aditya Birla SL Frontline Equity Fund(G) Equity - Large Cap 230.98 0.7000 08.54
Aditya Birla SL Low Duration Fund(G) Debt - Liquid 474.33 0.4196 08.58
Aditya Birla SL Midcap Fund(G) Equity - Mid Cap 272.94 0.0200 -01.78
Aditya Birla SL Tax Relief '96(D) Equity - Tax Saving 142.29 0.5000 05.12
Aditya Birla SL Tax Relief '96(G) Equity - Tax Saving 32.24 0.1100 05.95
Aditya Birla SL Banking & PSU Debt(D) Debt - Short Term Income 160.59 0.5171 08.21
Aditya Birla SL Banking & PSU Debt(D)-Direct Plan Debt - Short Term Income 153.25 0.4922 08.53
Aditya Birla SL Banking & PSU Debt(G) Debt - Short Term Income 254.88 0.8208 10.37
Aditya Birla SL Banking & PSU Debt(G)-Direct Plan Debt - Short Term Income 259.58 0.8338 10.69
Aditya Birla SL Banking & PSU Debt-Ret(G) Debt - Short Term Income 382.61 1.2321 10.36
Aditya Birla SL Dividend Yield Fund(G) Equity - Others 158.87 0.6400 02.67
Aditya Birla SL Dividend Yield Fund(G)-Direct Plan Equity - Others 167.35 0.6700 03.32
Aditya Birla SL Equity Advantage Fund(G) Equity - Multi Cap 421.87 1.0400 09.88
Aditya Birla SL Equity Advantage Fund(G)-Direct Plan Equity - Multi Cap 447.3 1.0900 10.86
Aditya Birla SL Equity Fund(G)-Direct Plan Equity - Multi Cap 803.62 2.2600 09.66
Aditya Birla SL Equity Hybrid '95 Fund(D)-Direct Plan Hybrid - Equity Oriented 196.8 0.2600 05.98
Aditya Birla SL Equity Hybrid '95 Fund(DR)-Direct Plan Hybrid - Equity Oriented 196.8 0.2600 05.98
Aditya Birla SL Equity Hybrid '95 Fund(G) Hybrid - Equity Oriented 764.06 1.0300 05.80
Aditya Birla SL Equity Hybrid '95 Fund(G)-Direct Plan Hybrid - Equity Oriented 819.0 1.0900 06.61
Aditya Birla SL Floating Rate Fund(G) Debt - Floating Rate Long Term 243.18 0.1532 08.94
Aditya Birla SL Floating Rate Fund(G)-Direct Plan Debt - Floating Rate Long Term 247.03 0.1541 09.19
Aditya Birla SL Floating Rate Fund-Ret(G) Debt - Floating Rate Long Term 351.72 0.2215 08.94
Aditya Birla SL Frontline Equity (Trigger Facility)(G) Equity - Multi Cap 230.98 0.7000 08.54
Aditya Birla SL Frontline Equity Fund(G)-Direct Plan Equity - Multi Cap 245.79 0.7400 09.30
Aditya Birla SL Gold ETF Equity - ETF 3529.59 12.7836 22.63
Aditya Birla SL Liquid Fund(D)-Direct Plan Debt - Liquid 170.42 0.0064 06.95
Aditya Birla SL Liquid Fund(DAP) Debt - Liquid 210.18 0.0045 06.78
Aditya Birla SL Liquid Fund(G) Debt - Liquid 312.21 0.0111 06.85
Aditya Birla SL Liquid Fund(G)-Direct Plan Debt - Liquid 313.9 0.0119 06.95
Aditya Birla SL Liquid Fund-Inst(G) Debt - Liquid 519.92 0.0185 06.86
Aditya Birla SL Liquid Fund-Ret(DD) Debt - Liquid 163.69 0.0000 04.88
Aditya Birla SL Liquid Fund-Ret(G) Debt - Liquid 506.65 0.0180 06.86
Aditya Birla SL Low Duration Fund(G)-Direct Plan Debt - Ultra Short Term 502.28 0.4326 09.50
Aditya Birla SL Low Duration Fund-Inst(G) Debt - Ultra Short Term 332.58 0.2942 08.58
Aditya Birla SL MNC Fund(D)-Direct Plan Equity - Others 285.28 1.3800 08.83
Aditya Birla SL MNC Fund(DR)-Direct Plan Equity - Others 285.28 1.3800 08.83
Aditya Birla SL MNC Fund(G)-Direct Plan Equity - Others 841.2 4.0500 08.83
Aditya Birla SL MNC Fund-Reg(G) Equity - Others 788.97 3.8100 07.91
Aditya Birla SL Midcap Fund(G)-Direct Plan Equity - Mid Cap 289.31 0.0200 -00.89
Aditya Birla SL Money Manager Fund(G) Debt - Floating Rate Short Term 263.71 0.0946 08.30
Aditya Birla SL Money Manager Fund(G)-Direct Plan Debt - Floating Rate Short Term 265.35 0.0941 08.44
Aditya Birla SL Money Manager Fund-Ret(G) Debt - Floating Rate Short Term 325.01 0.1165 08.30
Aditya Birla SL Savings Fund(DAP) Debt - Ultra Short Term 224.81 0.0486 09.25
Aditya Birla SL Savings Fund(G)-Direct Plan Debt - Ultra Short Term 393.19 0.0953 08.88
Aditya Birla SL Savings Fund-Reg(G) Debt - Ultra Short Term 390.09 0.0958 08.75
Aditya Birla SL Savings-Ret(G) Debt - Ultra Short Term 377.47 0.0927 08.75
Aditya Birla SL Sensex ETF Equity - ETF 381.53 0.6571 15.05
Aditya Birla SL Tax Relief '96(D)-Direct Plan Equity - Tax Saving 236.95 0.8200 07.04
Aditya Birla SL Tax Relief '96(DR)-Direct Plan Equity - Tax Saving 236.95 0.8200 07.04
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Type or nature of fund

Birla Sun Life Tax Relief 96 is an open ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years from the date of allotment.

Investment objective

The investment objective of Birla Sun Life Tax Relief 96 scheme is to generate long term capital through a portfolio with target allocation of 80 percent equity and 20 percent debt and money market securities.

Fund information

Inception date 29th March, 1996
CRISIL rank Birla Sun Life Tax Relief 96 is ranked 2 under Equity Linked Savings Scheme.
Plans Regular and Direct.
Options Dividend Growth
Schemes
  • Growth
  • Dividend
  • Direct Growth
  • Direct Dividend
Entry load NIL
Exit load NIL
Minimum investment

Fresh purchase:

Minimum – Rs.500 and thereafter in multiples of Re.1

Additional purchase:

Minimum – Rs.500 and thereafter in multiples of Re.1

SIP Monthly minimum: Rs.500
Product label – Risk and target investors

Risk : Moderately high risk

Target Investors: This product is suitable for investors who are seeking long term capital growth and those who wish to invest in equity and equity related securities, with tax benefits under section 80C, provided he is eligible.

Benchmark

S&P BSE 200 is the benchmark.

The S&P BSE 200 includes equity shares of 200 selected companies from the specified and non-specified lists of BSE. The selection of companies is primarily done on the basis of current market capitalization. The market activity of the companies reflected by their volumes of turnover and certain fundamental factors were considered for the final selection of the 200 companies.

SWP No, investors do not have the option withdrawal plan.
STP No, Birla Sun Life Tax Relief 96 does not allow systematic transfer plan.
Redemption Redemption time is 3 days.
Taxation (on investment and on redemption) Each investor must consult with his own tax advisors with respect to the specific amount of tax and other implications arising out of his participation in the scheme.

Fund manager

Mr. Ajay Garg manages Birla Sun Life Tax Relief 96. He is a Senior Fund Manager for Birla Sun Life. He has a Bachelors in Electronic Engineering and has a MBA in Finance. Mr. Ajay who is 40 years old has over 15 years of work experience in financial services. Before he joined Birla Sun Life Asset Management Company Ltd. he was working with Birla Sun Life Securities Ltd.

Investment philosophy or strategy

The scheme aims for a long term growth of capital through a portfolio with target allocation of 80 percent equity and 20 percent debt and money market securities.

Portfolio – Sector / Top 10 holdings

Issuer Sector Percentage
Sundaram Clayton Ltd. Automotive 5.94
Honeywell Automation India Ltd. Telecommunication 5.61
Bayer CropScience Ltd. Chemicals 5.33
ICRA Ltd. Miscellaneous 4.88
Kotak Mahindra Bank Ltd. Banking/ Finance 4.23
MRF Ltd. Automotive 3.61
Zee Entertainment Enterprises Ltd. Media and entertainment 3.07
Sterling Holiday Resorts India Ltd. Services 3.06
Pfizer Ltd. Pharmaceuticals 3.02
Bosch Ltd. Automotive 2.95

Risk measures

Sharpe As on 31st July, 2015 it is 1.25.
Alpha NA.
Beta As on 31st July, 2015 it is 0.96
Standard Deviation As on 31st July, 2015 it is 15.01%.

Performance

AUM for April- June 2015 Rs.1,964.79 crores
NAV (as on 30th June, 2015)

Regular Plan-

Growth: Rs.22.36

Dividend: Rs.140.15

Direct Plan-

Growth: Rs.22.80

Dividend: Rs.157.35

Returns and Benchmark comparison
Date Scheme returns S&P BSE 200 CNX Nifty
Since Inception (till 30th June, 2015) 10.91 7.46 7.52
30th June, 2014- 30th June, 2015 30.28 12.01 9.95
30th June, 2013- 30th June, 2014 45.21 34.45 30.28
30th June, 2012- 30th June, 2013 12.35 8.69 10.67
Expenses
Daily Net assets Birla Sun Life Tax Relief 96 expenses
First 100 crores 2.50%
Next 300 crores 2.25%
Next 300 crores 2%
Balance assets 1.75%

Expert view of the fund + outlook

The Birla Sun Life Tax Relief 96 is suitable for saving on tax outgo, creating wealth and to meet requirements of lifestyle needs. This scheme is however not suitable to fund your child’s education or marriage. Don’t take this scheme if you are planning on using it for retirement or to buy a house. The investor needs to know that there is a lock-in period of 3 years on the fund. New investors can skip this fund. If you have already invested, keep a close eye on its performance. Those who invest in this fund are qualified for tax benefits under section 80C ELSS. This means the investor can invest up to Rs.1 lakh a year in this fund and the amount will be deducted from your gross total income while your income tax is being computed.

How to apply – online + distributors

You can buy the Birla Sun Life Tax Relief 96 through both the online as well as the offline platform.

For applying through the online platform, you have to visit the Mutual Fund Birla Sun Life webpage. You can invest online or you can ask for an advisor. The webpage has an application form available as well, which you can fill out and submit. To invest online, you need to key in your username or your folio number and your password that has been provided to you. You also need to key in your PAN card details as and when required. In order to apply offline, you will have to physically approach the Birla Sun Life branch and submit your KYC form. You will then have to fill up all the application forms and then submit the form at the respective counter. If needed, you can also ask the executives to give you further clarification on the fund.

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