Overview of Top ELSS Funds - ABSL Tax Relief 96 Fund - PowerPoint PPT Presentation

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Overview of Top ELSS Funds - ABSL Tax Relief 96 Fund

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This presentation covers complete details on Aditya Birla tax Relief 96 Fund that an investor wants to know before investing in mutual funds like Benefits of Investing in ABSL Tax Relief 96 Fund, Fund Details, Investment Style, Sector Allocation, Top Holdings and the Fund Manager of Aditya Birla tax Relief 96 Fund. – PowerPoint PPT presentation

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Title: Overview of Top ELSS Funds - ABSL Tax Relief 96 Fund


1
Aditya Birla Sun Life Tax Relief 96 Fund
  • The Bellwether of Tax Saving Investments

2
Features of ELSS Mutual Funds
Monthly SIP Option
Least Lock-in Period
Professional Fund Management
Tax Efficient
Lower Charges Fee
Long Term Wealth Creation
3
Benefits of Investing in ABSL Tax Relief 96 Fund
  • By investing in ABSL Tax Relief 96 Fund,
    investors can save tax and create long term
    wealth at the same time.
  • It is one of the oldest tax saving mutual funds
    and has delivered outstanding returns.
  • Investors can reduce the tax liability by up to
    Rs 46,800 every financial year.
  • Investments through SIP allows convenient tax
    savings.
  • It is the most beneficial tax saving option
    available under Section 80C of Income Tax Act,
    1961.
  • ABSL Tax Relief 96 Fund is a top performer in the
    category and has delivered phenomenal gains in
    the long term.
  • It has high allocation in the mid and small-cap
    stocks which can be highly productive in the
    right market conditions.
  • No exit load is charged after the lock-in period
    of 3 years is completed.

4
ABSL Tax Relief 96 Fund Details
Category Equity ELSS
Assets Rs 8,685 crore (As on Apr 30, 2019)
Expense 2.04 (As on Apr 30, 2019)
Fund House Aditya Birla Sun Life Mutual Fund
Launch Date 29-Mar-96
Benchmark SP BSE 200 TRI
Return since Launch 23.96
Minimum Investment (R) 500
Exit Load () 0
Lock-in Period 3 years
5
Investment Style
  • Aditya Birla Sun Life Tax Relief 96 Fund follows
    growth style of investment.
  • Compared to the peers of the category, it has
    higher allocation in the mid and small-cap
    stocks.
  • A total of 47 stocks are present in the current
    portfolio.
  • A residual proportion of the corpus is also
    invested in fixed income securities.
  • Portfolio of the scheme is regularly updated by
    the fund manager depending on the market
    conditions.

6
Sector Allocation
7
Top Holdings
Company Sector Assets
Reliance Industries Energy 8.29
Honeywell Automation Engineering 7.29
Gillette FMCG 7.2
Bayer CropScience Healthcare 5.48
HDFC Financial 5.46
Pfizer Healthcare 5.32
Thomas Cook (India) Services 4.73
Larsen Toubro Construction 3.98
Glaxosmithkline Pharma Healthcare 3.97
Kotak Mahindra Bank Financial 3.67
Data as of 30th April 2019
8
Fund Manager
Mr Ajay Garg Senior Fund Manager at ABSL Mutual
Fund B.E (Electronics), MBA (Finance)
  • Mr Ajay Garg has been single-handedly managing
    the portfolio of Aditya Birla Sun Life Tax Relief
    96 Fund since October 2006.
  • He has been associated with Aditya Birla Mutual
    Fund since 2003.
  • Before joining ABSL Mutual Fund, he was
    associated with Birla Sun Life Securities Ltd.

9
Tax That can be Saved Based on Income
  • Investments in Aditya Birla Sun Life Tax Relief
    96 Fund can reduce the taxable income by upto Rs
    1.5 lac every financial year.
  • Following table gives the details of Tax
    liability that can be reduced by investing in
    Aditya Birla Sun Life Tax Relief 96 Fund for a
    resident male of less than 60 years.

Annual income Tax Liability (A) ELSS Investment Tax Liability After ELSS Investment (B) Benefits (A-B)
6.5 lac 44,200 1,50,000 13000 31,200
8 lac 75,400 1,50,000 44,200 31,200
10 lac 1,17,000 1,50,000 85,800 31,200
12 lac 1,79,400 1,50,000 1,32,000 46,800
15 lac 2,73,000 1,50,000 2,26,000 46,800
20 lac 4,29,000 1,50,000 3,82,000 46,800
Disclaimer All the data in the table are in INR
and according the tax slab for the Fiscal year
year 2019-20.
10
Enhance your tax saving strategy with superior
returns!
Disclaimer The information and suggestions of
the funds in the presentation are for informative
purpose only. The facts and figures in the
presentation are as per the sources which include
ValueResearch and Moneycontrol as on 15-5-2019.
Mutual fund investments are subject to market
risk. Read all the scheme related documents
carefully.
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