Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth

About the Fund

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

  1. Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth has ₹15481 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. 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 15.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 36.47%, 12.91% and 13.57% 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, Energy, Health, Basic Materials, Tech, Consumer Defensive, Communication, Utilities, Real Estate, Corporate. Its top holdings are ICICI Bank Ltd, Reliance Industries Ltd, HDFC Bank Ltd, Larsen & Toubro Ltd, Infosys 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 benefit
Dividends 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

Fund Performance
zero opening, trading, fund transfer fee
6730 people have invested ₹ 4.3Cr in Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
23
/23
17% Performance
30% Risk Management
37% Cost
23 out of 23 among elss (tax savings)
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Larger AUM within category
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Beats FD returns for both 3Y & 5Y
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Has not generated consistent returns
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Does not beat the benchmark consistently
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Higher probablity of downside risk

Fund Overview

Expense ratio
Expense ratio
0.91%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹15481 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
25.73%

Fund Distribution
as on (30-Apr-24)

  • Equity 98.6%

  • Debt & Cash 1.4%

Large cap
65.4%

Mid cap
20.9%

Small cap
12.2%

Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
25.7%
Consumer Cyclical
18.6%
Industrial
12.6%
Basic Materials
8.9%
Energy
8.5%
Health
7.3%
Tech
6.6%
Consumer Defensive
6%
Communication
3.5%
Utilities
1.4%
Real Estate
1.1%
All changes are between Feb'24 and Apr'24

Dhaval Gala
Dhaval Gala
Fund Manager of Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth, since 1 April 2022

Mutual Fund Insights

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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 60.32% return, outperforming this fund by 23.85%.
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Over the last 1 month, this fund has experienced a 3.4% growth in AUM moving from 14.97K Cr to 15.48K Cr.
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In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 28.47% return, outperforming this fund by 15.57% per annum.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.3% return, outperforming this fund by 21.74% per annum.
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Over the last 15 months, this fund has decreased expense ratio by 6.2% moving from 0.97 to 0.91.
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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 1.29%.

Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.56% since inception which is less than its category average return of 16.38%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.56% in Equity, 0% in Debt and 1.44% in Cash related instruments
AUM size ₹15481 Cr

AUM size ₹15481 Cr

This fund has AUM of ₹15481 Cr which is more than its category average of ₹ 3674 Cr
Expense Ratio 0.91%

Expense Ratio 0.91%

This fund has an expense ratio of 0.91% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions

The current NAV of Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth is ₹62.64 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.58%
8.58%
6 Month Returns
19.18%
19.18%
1 Year Returns
36.47%
36.47%
3 Years Returns
43.93%
12.91%
5 Years Returns
88.9%
13.57%
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0.91% as on May 2024
₹15481 Cr as on May 2024
ICICI Bank Ltd(6.62%), Reliance Industries Ltd(5.65%), HDFC Bank Ltd(5.46%), Larsen & Toubro Ltd(4.97%), Infosys Ltd(4.5%) as on May 2024
Financial Services(25.26%), Consumer Cyclical(18.63%), Industrial(12.76%) as on May 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
0.39
-3.99
-3.55
As on May 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
0.91
0.86
0.86
As on May 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
2.24
0.56
0.47
As on May 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
9.93
11.53
16.97
As on May 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 0.91 as on May 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%