Things you should consider
- RiskometerInvestors understand that their principal will be at Moderately High risk.
- Annualized return for the last 3 years2.75%?Return generated by the fund in the specified time. For time periods less than or equal to 1 year, returns are absolute whereas for periods greater than 1 year, returns are annualized.
- Suggested Investment Horizon>3 years?The minimum time required for holding investments in the fund to reduce its downside risk and ensuring that the returns become more predictable.
- Average time taken to double the money since inception3 years 8 months?The average time taken by the fund to double investor’s money. Daily rolling frequency is considered to compute the average time.
Fund NAV Range
Current vs Stated Allocation
Top 5 Peer Comparison
Aditya Birla Sun Life Tax Relief 96 Fund is an open-ended equity linked saving scheme (ELSS) with a compulsory lock-in period of three years. It comes with tax benefits under Section 80C of the Income Tax Act. The fund currently manages assets worth Rs 8,816 crore, as on July 31 2019.
The investment objective of the fund is to save tax while growing money through equity investments, according to Aditya Birla Sun Life Mutual Fund.
“A combination of the top down approach and bottom up approach will be followed in the stock selection process. The top-down approach will focus on an analysis of macroeconomic factors, economic changes and trends, key policy changes, infrastructure spending, etc. The bottom-up approach would seek to identify companies with high profitability and scalability supported by sustainable competitive advantage,” according to Aditya Birla Sun Life Mutual Fund.
Minimum investment required is Rs 500, and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
Aditya Birla Sun Life Tax Relief 96 Fund is managed by Ajay Garg. He has been managing the fund since October 2006. He has total experience of over 22 years and has extensive understanding of Indian equity markets.
The suggested investment horizon for investing in Aditya Birla Sun Life Tax Relief 96 Fund is three years and above. As per Aditya Birla Sun Life Mutual Fund, the fund is suitable for investors with moderate high risk tolerance and seeking long-term capital growth.