Aditya Birla Sun Life Tax Relief '96 - Growth Option

About Aditya Birla Sun Life Tax Relief 96

Aditya Birla Sun Life Tax Relief 96 Fund is an open-ended equity-linked saving scheme which comes with a lock-in period of 3 years and provides tax benefits.

Investment Objective

The investment objective of the scheme is to provide for long-term capital appreciation of capital to the investors by making investments in a diversified portfolio with target allocations of 80% in equity and 20% in debt & money market instruments.

Benchmark

The Benchmark of the scheme is S&P BSE 200 TRI Index.

Investment Details

SIP Details

Loads

Entry Load: Nil

Exit Load: Nil

Suitability

Aditya Birla Sun Life Tax Relief 96 Fund is suitable for investors with a moderately high-risk appetite looking to invest for a period of 5 years & above. This fund is recommended to investors for meeting their tax-saving needs.

Taxation:

As the fund predominantly invests in equity securities, Aditya Birla Sun Life Tax Relief 96 Fund has the taxability of an equity mutual fund scheme. Following taxation is applicable:

• If the units are sold after 1 year, then the gains on investments are treated as Long Term Capital Gains (LTCG). LTCG of up to Rs 1 lacs in a financial year is tax-free and above that, it is taxed at the rate of 10% without the benefit of indexation.
• If the units are sold within 1 year, then the gains are treated as Short Term Capital Gains (STCG) and are taxed at the rate of 15%.

Being an ELSS Scheme, contributions to Aditya Birla Sun Life Tax Relief 96 Fund are eligible for claiming tax deductions under Section 80C of the Income Tax Act,1961.

Aditya Birla Sun Life Tax Relief 96 Fund Asset Allocation

Under normal conditions, the pattern of asset allocation is as follows:

Who should invest?

ELSS funds are those equity mutual funds that invest in the equity & equity-related securities of companies across market capitalizations & different sectors. These funds provide an opportunity for investors to earn capital gains through its equity investments along with offering tax benefits.

Investments in Aditya Birla Sun Life Tax Relief 96 Fund can be made by investors who want to invest for their tax-saving needs. The fund has a multi-cap portfolio that provides a diversified equity portfolio that can generate good returns over long periods.

Investors looking to invest in a tax-saving product with high risk/reward characteristics could consider ELSS funds. Otherwise, one could consider other tax saving schemes which offer fixed returns with relatively lower risks.

Though the fund has a lock-in of 3 years, we recommend investments for at least 5 years or more to earn potential good returns on the investments.

Eligibility 

The following people are eligible for investing in this scheme:

• Indian Resident Adults (single holder or on a joint basis)
• Hindu Undivided Family
• Partnership entities
• Limited Liability Partnership units
• Minor through parent or a legal guardian
• Sole Proprietor
• Corporates, PSUs & others.
• NRIs/POIs/OCIs
• Banks & Financial Institutions
• Religious & Charitable Trusts
• Defense & paramilitary units
• Foreign Portfolio Investors
• Pension/Provident/Gratuity Funds
• Trustee, AMCs or Sponsors
• Other schemes of ABSL or other mutual funds
• Alternative Investment Funds
• Others

How to invest?

You can invest in Aditya Birla Sun Life Tax Relief 96 Fund through any AMFI distributor, AMC, banks, or third party platforms. If you need any help with your investments, you can reach out to our ZFunds Experts on Whatsapp - 7217746224.

More Aditya Birla Sun Life Mutual Funds:

Aditya Birla Sun Life Equity Savings Fund
Aditya Birla Sun Life Frontline Equity Fund
Aditya Birla Sun Life Liquid Fund
Aditya Birla Sun Life Pure Value Fund
Aditya Birla Sun Life Small Cap Fund
Aditya Birla Sun Life Equity Advantage Fund
Aditya Birla Sun Life Low Duration Fund
Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Corporate Bond Fund