Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 22-10-2024
₹ 65.63
1D
Inception Returns
15.7%
/yr
About Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth
Aditya Birla Sun Life ELSS Tax Saver Fund Direct 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 ELSS Tax Saver Fund Direct Growth has ₹17102 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
- The fund has an expense ratio 0.9.
Returns
Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth has given a CAGR return of 15.69% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 36.27%, 12.76% and 15.33% respectively.
Holdings
Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Basic Materials, Energy, Tech, Consumer Defensive, Communication, Utilities, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Infosys Ltd, Reliance Industries Ltd, Larsen & Toubro Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth
An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
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7010 people have invested ₹ 4.2Cr in Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
23
/23
5% Performance
37% Risk Management
31% Cost
23 out of 23 among elss (tax savings)
Larger AUM within category
Beats FD returns for both 3Y & 5Y
Has not generated consistent returns
Does not beat the benchmark consistently
Higher probablity of downside risk
Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.91% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹17102 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 32.3% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Oct-24)
Fund Distribution
as on (30-Sep-24)
Large cap
67%
Mid cap
17.2%
Small cap
14.4%
Sector Allocation
Financial Services
26.7%
Consumer Cyclical
19.1%
Industrial
11.2%
Health
8.9%
Basic Materials
8.8%
Energy
7.5%
Tech
6.7%
Consumer Defensive
4.9%
Communication
3.2%
Utilities
1.5%
Real Estate
1.5%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at 2.53% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
- This fund outperformed Nifty 500 by 0.49% in Sep'24
- AUM of the fund stands at 16.8K Cr as of Sep'24
- AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
REC Ltd's allocation increased from 0.61% to 0.92%
Fortis Healthcare Ltd's allocation increased from 2.74% to 3.01%
Johnson Controls - Hitachi Air Conditioning India Ltd's allocation increased from 1.16% to 1.39%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 5.93 % to 4.86 %
Reliance Industries Ltd's allocation decreased from 4.77 % to 4.59 %
Larsen & Toubro Ltd's allocation decreased from 4.61 % to 4.5 %
Mid Cap allocation has gone down from 20.1% to 17.2%
Large Cap allocation has gone up from 65.5% to 67%
Small Cap allocation has gone up from 12.1% to 14.4%
Cash allocation has gone down from 2% to 1.1%
Top 3 Sectors in September were Financial Services, Consumer Cyclical & Industrial
Sep'24
Financial Services
27%
Consumer Cyclical
19%
Industrial
11%
Aug'24
Financial Services
26%
Consumer Cyclical
19%
Industrial
12%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 6.8% | 0% | |
 HDFC Bank Ltd | 5.18% | 0% | |
 Infosys Ltd | 4.86% | -13.6% | |
 Reliance Industries Ltd | 4.59% | 0% | |
 Larsen & Toubro Ltd | 4.5% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Aditya Birla Real Estate Ltd | 8% |
 Fortis Healthcare Ltd | 1.8% |
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Dhaval Gala
Fund Manager of Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth, since 1 April 2022
Top funds managed
Fund House
Aditya Birla Sun Life AMC Ltd
Total Schemes
Total AUM
₹3.79L Cr
as on 30-Sep-2024
Address
Aditya Birla Sun Life AMC Ltd,One World Centre, Tower 1, 17th Floor,Jupiter Mill Compound, 841, Senapati Bapat Marg,Elphinstone Road
Phone
+912243568000
Website
connect@birlasunlife.com
Mutual Fund Insights
Over the last 1 month, this fund has increased expense ratio by 2.2% moving from 0.89 to 0.91.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.62% return, outperforming this fund by 20.29% per annum.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.91% which is lower than the category average expense ratio of 1.26%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 27.38% return, outperforming this fund by 14.63% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 69% return, outperforming this fund by 32.73%.
Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth 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 15.69% since inception which is less than its category average return of 16.38%
Fund Allocations
This fund has an allocation of 98.93% in Equity, 0% in Debt and 1.07% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 4217 Cr
Expense Ratio 0.91%
This fund has an expense ratio of 0.91% which is less than its category average expense ratio of 1.46%
Frequently Asked Questions for Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth
The current NAV of Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth is ₹65.63 as on 22-Oct-2024.
Existing (Absolute + CAGR) as on 22-Oct-2024.
Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.21% | -3.21% |
6 Month Returns | 17.62% | 17.62% |
1 Year Returns | 36.27% | 36.27% |
3 Years Returns | 43.37% | 12.76% |
5 Years Returns | 104.03% | 15.33% |
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0.91% as on September 2024
₹17102 Cr as on September 2024
ICICI Bank Ltd(6.8%), HDFC Bank Ltd(5.18%), Infosys Ltd(4.86%), Reliance Industries Ltd(4.59%), Larsen & Toubro Ltd(4.5%) as on September 2024
Financial Services(26.38%), Consumer Cyclical(18.88%), Industrial(11.11%) as on September 2024
The alpha ratio for the Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth | 0.37 | -2.64 | -2.95 |
As on September 2024
The alpha for Aditya Birla Sun Life ELSS Tax Saver Fund Direct 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 ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth | 0.93 | 0.92 | 0.86 |
As on September 2024
The Beta for Aditya Birla Sun Life ELSS Tax Saver Fund Direct 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 ELSS Tax Saver Fund Direct 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 ELSS Tax Saver Fund Direct Growth | 2.58 | 0.69 | 0.7 |
As on September 2024
The sharpe ratio for Aditya Birla Sun Life ELSS Tax Saver Fund Direct 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 ELSS Tax Saver Fund Direct 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 ELSS Tax Saver Fund Direct Growth | 10.54 | 12.18 | 16.71 |
As on September 2024
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 1.18 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Dhaval Gala is the fund manager of Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth
The Exit load of Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth is 0%