Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 50.3 as on 20-09-2023
Fund Performance
7827 people have invested ₹ 4.4Cr in Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth in the last three months
Fund Insights
In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 35.42% return, outperforming this fund by 22.29% per annum.
Over the last 1 month, this fund has increased expense ratio by 1.1% moving from 0.92 to 0.93.
In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 26.02% return, outperforming this fund by 17.8% per annum.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.93% which is lower than the category average expense ratio of 1.32%.
In the last 1 year, SBI Long Term Equity Fund Direct Growth has given 27.09% return, outperforming this fund by 16.54%.
INDmoney Rank
Powered by IND quant engine
23
/23
12% Performance
28% Risk Management
45% Cost
23 out of 23 among elss (tax savings)
Pros
Larger AUM within category
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Cons
Has not generated consistent returns
Does not beat the benchmark consistently
Higher probablity of downside risk
About the Fund
Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Dhaval Gala. The fund could potentially beat inflation in the long-run.
Key Parameters
- Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth has ₹14050 Cr worth of assets under management (AUM) as on Aug 2023 and is more than category average.
- The fund has an expense ratio 0.9.
Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth Overview
 | 0.93% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹14050 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 25.73% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
61.2%
Mid cap
23.4%
Small cap
10.3%
Sector Allocation
Financial Services
33%
Consumer Cyclical
15.3%
Industrial
12.6%
Health
9.3%
Tech
8.1%
Basic Materials
6.8%
Consumer Defensive
5.8%
Energy
5.2%
Communication
2.1%
Real Estate
1%
Utilities
0.8%
Top Holdings of Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth as on (31-Aug-23)
Equity Holdings59
Debt Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.16% | -4.1% | |
 ICICI Bank Ltd | 8.14% | 0% | |
 Larsen & Toubro Ltd | 5.25% | 0% | |
 Reliance Industries Ltd | 4.9% | 0% | |
 Infosys Ltd | 4.69% | -36.6% |
See all
Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -0.29% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
- This fund outperformed Nifty 500 by 0.46% in Aug'23
AUM Change
- AUM of the fund stands at 14.1K Cr as of Aug'23
- AUM decreased by 202.3 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Thomas Cook (India) Ltd | 37.4% |
 Johnson Controls-Hitachi Air Condition. India Ltd | 29.2% |
 Infosys Ltd | 5.1% |
Top Losers | 1M Return |
|---|---|
 Honeywell Automation India Ltd | -8.3% |
 HDFC Bank Ltd | -5.5% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth Fund Manager
Dhaval Gala
Fund Manager of Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth, since 1 April 2022
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 14.33% since inception which is less than its category average return of 14.36%
Fund Allocations
This fund has an allocation of 97.06% in Equity, 0% in Debt and 2.31% in Cash related instruments
AUM size ₹14050 Cr
This fund has AUM of ₹14050 Cr which is more than its category average of ₹ 2953 Cr
Expense Ratio 0.93%
This fund has an expense ratio of 0.93% which is less than its category average expense ratio of 1.5%
Frequently Asked Questions
The current NAV of Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth is ₹50.29 as on 20-Sep-2023.
Existing (Absolute + CAGR) as on 20-Sep-2023.
Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.78% | 3.78% |
6 Month Returns | 21.59% | 21.59% |
1 Year Returns | 10.55% | 10.55% |
3 Years Returns | 44.76% | 13.12% |
5 Years Returns | 48.44% | 8.22% |
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0.93% as on August 2023
₹14050 Cr as on August 2023
HDFC Bank Ltd(8.16%), ICICI Bank Ltd(8.14%), Larsen & Toubro Ltd(5.25%), Reliance Industries Ltd(4.9%), Infosys Ltd(4.69%) as on August 2023
Financial Services(32.05%), Consumer Cyclical(14.9%), Industrial(12.18%) as on August 2023
The alpha ratio for the Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth | -3.49 | -6.37 | -4.5 |
As on August 2023
The alpha for Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth | 0.93 | 0.85 | 0.87 |
As on August 2023
The Beta for Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth | 0.11 | 0.65 | 0.17 |
As on August 2023
The sharpe ratio for Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth | 11.19 | 12.84 | 17.47 |
As on August 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.19 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Dhaval Gala is the fund manager of Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth
The Exit load of Aditya Birla Sun Life Tax Relief 96 Fund (Elss U/S 80c Of It Act) - Direct Plan Growth is 0%