Name: Aditya Birla Sun Life Tax Relief 96 Direct IDCW
Brand: Aditya Birla Sun Life Mutual Fund

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Aditya Birla Sun Life Tax Relief 96 Direct IDCW
Equity
ELSS
Very High Risk
3Y Lock Inlock
14.78%
3Y annualised
-0.90% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 20 Oct 2021₹320.47
Min. SIP amount₹500
Rating2star
Fund size₹14,854.52 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns34.5%14.8%12.8%16.6%
Category average54.9%14.2%14.3%NA
Rank with in category383531NA
Understand termsinfo
Holdings (39)NameSectorInstrumentAssets
Housing Development Finance Corpn. Ltd.
FinancialEquity8.7%
Honeywell Automation India Ltd.
EngineeringEquity8.3%
Reliance Industries Ltd - Partly Paid Equity
EnergyPPE7.9%
Pfizer Ltd.
HealthcareEquity7.1%
Kotak Mahindra Bank Ltd.
FinancialEquity6.2%
Bayer CropScience Ltd.
ChemicalsEquity5.3%
Larsen & Toubro Ltd.
ConstructionEquity4.5%
ICICI Bank Ltd.
FinancialEquity4.2%
Glaxosmithkline Pharmaceuticals Ltd.
HealthcareEquity3.8%
Gillette India Ltd.
FMCGEquity3.7%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Equity ELSS
thumb_up_altPros
Exit load is zero
Lower expense ratio: 0.91%
3Y annualised returns higher than category average by 0.91%
thumb_down_altCons
1Y and 5Y annualised returns lower than category average
Lock-in period: 3Y
Low rating: 2
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2021 - Present
0.91%
31 Jul 2021 - 31 Aug 2021
0.87%
30 Jun 2021 - 31 Jul 2021
0.89%
31 May 2021 - 30 Jun 2021
0.99%
30 Apr 2021 - 31 May 2021
1.00%
31 Mar 2021 - 30 Apr 2021
0.97%
28 Feb 2021 - 31 Mar 2021
0.94%
31 Jan 2021 - 28 Feb 2021
0.94%
31 Dec 2020 - 31 Jan 2021
0.94%
30 Nov 2020 - 31 Dec 2020
0.93%
31 Oct 2020 - 30 Nov 2020
0.94%
30 Sep 2020 - 31 Oct 2020
0.94%
31 Aug 2020 - 30 Sep 2020
0.91%
31 Jul 2020 - 31 Aug 2020
0.92%
30 Jun 2020 - 31 Jul 2020
0.92%
31 May 2020 - 30 Jun 2020
0.94%
30 Apr 2020 - 31 May 2020
0.94%
31 Mar 2020 - 30 Apr 2020
0.84%
29 Feb 2020 - 31 Mar 2020
0.81%
31 Jan 2020 - 29 Feb 2020
0.80%
31 Dec 2019 - 31 Jan 2020
0.81%
30 Nov 2019 - 31 Dec 2019
1.06%
31 Oct 2019 - 30 Nov 2019
1.06%
30 Sep 2019 - 31 Oct 2019
1.07%
31 Aug 2019 - 30 Sep 2019
1.08%
31 Jul 2019 - 31 Aug 2019
0.99%
30 Jun 2019 - 31 Jul 2019
0.98%
31 May 2019 - 30 Jun 2019
0.98%
30 Apr 2019 - 31 May 2019
0.99%
31 Mar 2019 - 30 Apr 2019
1.05%
28 Feb 2019 - 31 Mar 2019
1.06%
31 Jan 2019 - 28 Feb 2019
1.06%
31 Dec 2018 - 31 Jan 2019
1.06%
30 Nov 2018 - 31 Dec 2018
1.06%
31 Oct 2018 - 30 Nov 2018
1.07%
30 Sep 2018 - 31 Oct 2018
1.11%
31 Aug 2018 - 30 Sep 2018
1.11%
31 Jul 2018 - 31 Aug 2018
1.11%
30 Jun 2018 - 31 Jul 2018
1.12%
31 May 2018 - 30 Jun 2018
0.95%
30 Apr 2018 - 31 May 2018
0.95%
31 Mar 2018 - 30 Apr 2018
0.96%
28 Feb 2018 - 31 Mar 2018
0.97%
31 Jan 2018 - 28 Feb 2018
1.16%
31 Dec 2017 - 31 Jan 2018
1.17%
30 Nov 2017 - 31 Dec 2017
1.17%
31 Oct 2017 - 30 Nov 2017
1.17%
Expense ratio, exit load and taxExpense ratio: 0.91%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationUpto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500
Fund managementAjay Garg
Jan 2013 - Present
View details
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Education
Mr. Garg is B.E (Electronics) and MBA (Finance).
Experience
Prior to joining Birla Sun Life AMC in 2003 he has worked with Birla Sun Life Securities Ltd.
Also manages these schemes
Aditya Birla Sun Life MNC Fund IDCW
Aditya Birla Sun Life MNC Fund Growth
Aditya Birla Sun Life Tax Plan IDCW
Aditya Birla Sun Life Index Fund IDCW
Aditya Birla Sun Life Index Fund Growth
Aditya Birla Sun Life Tax Relief 96 IDCW
Aditya Birla Sun Life Tax Plan Growth
Aditya Birla Sun Life Tax Relief 96 Growth
Aditya Birla Sun Life Tax Relief 96 Direct IDCW
Aditya Birla Sun Life Tax Relief 96 Direct Growth
Aditya Birla Sun Life MNC Direct Fund Growth
Aditya Birla Sun Life MNC Direct Fund IDCW
Aditya Birla Sun Life Index Fund Direct Growth
Aditya Birla Sun Life Index Fund Direct IDCW
Aditya Birla Sun Life Tax Plan Direct IDCW
Aditya Birla Sun Life Tax Plan Direct Growth
Aditya Birla Sun Life Dual Advantage Fund Series 1 Direct Growth
Aditya Birla Sun Life Dual Advantage Fund Series 1 Regular Growth
Aditya Birla Sun Life Dual Advantage Fund Series 2 Direct Growth
Aditya Birla Sun Life Dual Advantage Fund Series 2 Regular IDCW
Aditya Birla Sun Life Dual Advantage Fund Series 2 Direct IDCW
Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth
Aditya Birla Sun Life Bal Bhavishya Yojna Direct IDCW
Aditya Birla Sun Life Bal Bhavishya Yojna Regular Growth
Aditya Birla Sun Life Retirement Fund The 30s Plan Regular IDCW
Aditya Birla Sun Life Retirement Fund The 30s Plan Direct Growth
Aditya Birla Sun Life Retirement Fund The 30s Plan Direct IDCW
Aditya Birla Sun Life Retirement Fund The 30s Plan Regular Growth
Aditya Birla Sun Life Retirement Fund The 40s Plan Direct IDCW
Aditya Birla Sun Life Retirement Fund The 40s Plan Regular Growth
Aditya Birla Sun Life Retirement Fund The 40s Plan Direct Growth
Aditya Birla Sun Life Retirement Fund The 50s Plan Regular Growth
Aditya Birla Sun Life Retirement Fund The 50s Plan Direct Growth
Aditya Birla Sun Life Retirement Fund The 50s Plus Debt Plan Direct Growth
Fund house & investment objective
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Aditya Birla Sun Life Mutual Fund
Rank (total assets)#4 in India
Total AUM2,68,154.71 Cr
Date of Incorporation23 Dec 1994
Aditya Birla Sun Life Tax Relief 96 Direct IDCW is a Equity Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fund. This scheme was made ava
Aditya Birla Sun Life Tax Relief 96 Direct IDCW is a Equity Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fund. This scheme was made available to investors on 23 Dec 1994. Ajay Garg is the Current Fund Manager of Aditya Birla Sun Life Tax Relief 96 Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹2,68,155 Cr and the Latest NAV as of 20 Oct 2021 is ₹320.47.
The Aditya Birla Sun Life Tax Relief 96 Direct IDCW is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500. ...Read more
Investment Objective
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 
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. It was converted to an open-ended scheme with effect from July 1999. A combination of top down & bottom up approach will be followed in the stock selection process.
...Read more
Fund benchmarkS&P BSE 200 TRI
descriptionScheme Information Document(SID)
Fund house contact details
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Address
One India Bulls Centre ,Tower 1, 17th Flr, Jupiter Mill Compound,841,S.B. Marg,Elphinstone Road Mumbai 400 013
Phone
022 43568000
Launch Date
23 Dec 1994
E-mail
[email protected]
Website
NA
Aditya Birla Sun Life Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
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	1Y	3Y	5Y	All
Fund returns	34.5%	14.8%	12.8%	16.6%
Category average	54.9%	14.2%	14.3%	NA
Rank with in category	38	35	31	NA

Name	Sector	Instrument	Assets
Housing Development Finance Corpn. Ltd.	Financial	Equity	8.7%
Honeywell Automation India Ltd.	Engineering	Equity	8.3%
Reliance Industries Ltd - Partly Paid Equity	Energy	PPE	7.9%
Pfizer Ltd.	Healthcare	Equity	7.1%
Kotak Mahindra Bank Ltd.	Financial	Equity	6.2%
Bayer CropScience Ltd.	Chemicals	Equity	5.3%
Larsen & Toubro Ltd.	Construction	Equity	4.5%
ICICI Bank Ltd.	Financial	Equity	4.2%
Glaxosmithkline Pharmaceuticals Ltd.	Healthcare	Equity	3.8%
Gillette India Ltd.	FMCG	Equity	3.7%

Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹500

Rating	2
Fund size	₹14,854.52 Cr