Aditya Birla Sun Life Tax Relief 96 Mutual Fund Review

Hey Dear Investor, if you have some extra money in pocket and want to increase that money, than there is a very simple and easy way, called Mutual Fund… By the Mutual fund investment you can increase your wealth without any physical activity.

Lots of people all over the world creating their wealth by investing in mutual funds regularly.

If you are interested in mutual fund investment than you should have some knowledge about best mutual funds and best performing mutual funds.

Today, we are sharing most famous and renowned mutual fund’s review to make your investment decision easy.

Aditya Birla Sun Life Tax Relief 96 Mutual Fund Review

Aditya Birla Sun Life Tax Relief 96 was launched on March, 1996. Asset under Management as on October 2018 were Rs 6,480 crores.

It is an open-ended Equity Linked Savings Scheme (ELSS) with a statutory lock in of 3 years. Funds qualify for Tax exemptions under Sec 80C of Income Tax Act upto 1.5 Lac.

Minimum Investment start with Rs 500.

Rank Number 1 in ELSS category by Crisil in September 2018. The fund is ideal for individuals who are investing in equities for the first time with the twin objective of tax savings as well as capital appreciation.

In this post We will discuss some key points one by one, Like, Return On Investment, Sector-wise Allocation, Top 10 Holdings and Fund Management.

Detailed Information of Aditya Birla Sun Life Tax Relief 96 Fund

Returns on Investment

Suppose if you had invested in the Scheme Rs 1 Lac 1 year ago, Value of Your investment would be Rs 101000 With a gain of 1 %. If invested 3 years ago than value of your investment would be Rs 113000 With a gain of 13 %.

If invested 5 years ago, value of Your investment would be Rs 120000 With a gain of 20 %.

Top 10 holdings In the scheme

1) Honeywell 7%

2) Gillette India 7%

3) Reliance 7%

4) Bayer CropScience 6%

5) Pfizer 6%

6) Glaxo Smith Kline 5%

7) Sundaram-Clayto 5%

8) Thomas Cook 4%

9) HDFC 4%

10) Shoppers Stop 3%

Remaining by others.

Sector Allocation in the Scheme

1) Banking/Finance 16%

2) Pharmaceuticals 14%

3) Automotive 11%

4) Consumer NonDurable 11%

5) Telecom 7%

6) Oil & Gas 7%

Remaining in others.

Fund Management

This scheme is managed by Mr Ajay Garg who is working in Aditya Birla since 2003 and has vast experience of managing funds. He have very good experience in managing mutual funds. Other schemes managed by him are Aditya Birla Sun Life Index Fund, Aditya Birla Sun Life MNC Fund and Aditya Birla Sun Life Dual Advantage Fund.

Note – Mutual funds are risky and volatile with market, please invest carefully.

Useful Links –

POWER OF COMPOUNDING IN MUTUAL FUNDS

PARAG PARIKH LONG TERM EQUITY FUND REVIEW

TOP 5 SMALL CAP MUTUAL FUNDS