Aditya Birla Sun Life Tax Relief 96 is an Open-ended, ELSS category fund launched in 1996 by Aditya Birla Sun Life. The fund manager name is Ajay Garg. The risk in this fund is low but the returns are high. In this article, we will do a detailed analysis of the Aditya Birla Sun Life Tax Relief 96, we will dig deep into its AUM, NAV Returns & more.
Aditya Birla Sun Life Tax Relief 96 Ranking by Top10StockBroker
Background of Aditya Birla Sun Life Tax Relief 96
| Name of Fund |
Aditya Birla Sun Life Tax Relief 96 |
| Type of Fund ( Open / Close) |
Open-ended |
| Category of Fund |
Equity: ELSS |
| Fund Manager |
Ajay Garg |
| Launch Date |
1-Mar-1996 |
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ABSL Tax Relief 96 Performance
| Risk Grade |
Low |
| Return Grade |
High |
| NAV (as on current Date) |
Rs. 145.61 as on Dec 14, 2018 |
| Net Asset (as on current date) |
Rs. 6984.3 crore as on Nov 30, 2018 |
Aditya Birla Sun Life Tax Relief 96 Portfolio Characteristics
| Total Stock/Securities |
50 |
| Total Bonds |
|
| Avg Market Cap (in Cr) |
37416 |
| Portfolio P/B Ratio |
4.89 |
| Portfolio P/E Ratio |
34.85 |
| 3Y Earning Growth (%) |
32.8 |
| Average Maturity |
|
| Avg 52 Week High |
|
| Avg 52 Week Low |
|
| Average Credit Rating |
|
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ABSL Tax Relief 96 Composition
| Equity |
96.46% |
| Debt |
3.60% |
| Cash |
-0.06% |
| Debentures |
|
| Bonds |
|
| NON Converitbles |
|
| Zero Coupons |
|
| Bonds (short term) |
|
| Repo |
|
Aditya Birla Sun Life Tax Relief 96 Risk Analysis
| Standard Deviation |
14.98 |
| Sharpe Ratio |
0.43 |
| Beta |
0.92 |
| R Square |
0.88 |
| Alpha |
0.53 |
Aditya Birla Sun Life Tax Relief 96 NAV – Yearly
| 2018 |
145 |
| 2017 |
164 |
| 2016 |
127 |
| 2015 |
137 |
| 2014 |
128 |
| 52 Week High (NAV) |
171 |
| 52 Week Low (NAV) |
140 |
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Aditya Birla Sun Life Tax Relief 96 Returns – Yearly
| 2018 |
-5.090% |
| 2017 |
43.120% |
| 2016 |
3.420% |
| 2015 |
9.150% |
| 2014 |
54.500% |
Aditya Birla Sun Life Tax Relief 96 AUM
| 2018 |
6534 |
| 2017 |
4342 |
| 2016 |
2422 |
| 2015 |
1947 |
| 2014 |
1808 |
Aditya Birla Sun Life Tax Relief 96 Expense Ratio
| 2018 |
– |
| 2017 |
2.390% |
| 2016 |
2.390% |
| 2015 |
2.380% |
| 2014 |
2.320% |
Aditya Birla Sun Life Tax Relief 96 Quarterly Returns
| 2018 Q1 |
-5.750% |
| 2018 Q2 |
2.140% |
| 2018 Q3 |
-1.140% |
| 2018 Q4 |
– |
|
|
| 2017 Q1 |
14.160% |
| 2017 Q2 |
5.800% |
| 2017 Q3 |
5.390% |
| 2017 Q4 |
12.440% |
|
|
| 2016 Q1 |
-4.160% |
| 2016 Q2 |
7.450% |
| 2016 Q3 |
7.150% |
| 2016 Q4 |
-6.200% |
|
|
| 2015 Q1 |
8.480% |
| 2015 Q2 |
-1.800% |
| 2015 Q3 |
0.650% |
| 2015 Q4 |
3.140% |
|
|
| 2014 Q1 |
5.670% |
| 2014 Q2 |
19.580% |
| 2014 Q3 |
8.910% |
| 2014 Q4 |
12.300% |
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Aditya Birla Sun Life Tax Relief 96 Weightage by Sector
| 1 |
Financial (19.04%) |
| 2 |
Healthcare (18.98%) |
| 3 |
Services (10.68%) |
| 4 |
FMCG (10.55%) |
| 5 |
Automobile (10.06%) |
| 6 |
Technology (2.11%) |
| 7 |
Engineering (8.29%) |
| 8 |
Energy (7.56%) |
| 9 |
Construction (3.87%) |
| 10 |
Cons Durable (3.03%) |
Aditya Birla Sun Life Tax Relief 96 Weightage by Securities Holding
| 1 |
Honeywell Automation (7.71%) |
| 2 |
Reliance Industries (7.56%) |
| 3 |
Gillette (6.93%) |
| 4 |
Bayer CropScience (6.17%) |
| 5 |
Pfizer (5.23%) |
| 6 |
HDFC (4.77%) |
| 7 |
Thomas Cook (India) (4.77%) |
| 8 |
Glaxosmithkline Pharma (4.69%) |
| 9 |
Sundaram-Clayton (4.34%) |
| 10 |
Shopper’s Stop (3.27%) |
Aditya Birla Sun Life Tax Relief 96 Investment Information
| AMC |
Aditya Birla Sun Life AMC Ltd. |
| Registrar |
Computer Age Management Services Ltd. |
| Minimum Investment |
500 |
| Minimum SIP Investment |
500 |
| Exit Load |
NIL |
Conclusion
“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.”
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