Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 23-12-2024
₹ 63.43
1D
Inception Returns
14.9%
/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 Shah. The fund could potentially beat inflation in the long-run.
Key Parameters
- Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth has ₹15895 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 1.
Returns
Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth has given a CAGR return of 14.94% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.55%, 13.21% and 12.83% 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, Tech, Energy, Consumer Defensive, Communication, Real Estate, Utilities. Its top holdings are ICICI Bank Ltd, Infosys Ltd, Larsen & Toubro Ltd, Reliance Industries Ltd, HDFC Bank 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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6511 people have invested ₹ 3.9Cr 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
40% Risk Management
58% 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 | 0.98% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹15895 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 32.3% |
| STCG | Selling mutual fund 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 (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
65.2%
Mid cap
16.2%
Small cap
13.4%
Sector Allocation
Financial Services
25.3%
Consumer Cyclical
17.4%
Industrial
10.7%
Health
10%
Basic Materials
8.5%
Tech
7.6%
Energy
7.5%
Consumer Defensive
6.5%
Communication
3.4%
Real Estate
1.6%
Utilities
1.4%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at -0.54% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.06% in Nov'24
- AUM of the fund stands at 15.9K Cr as of Nov'24
- AUM has remained same between Nov'24 and Oct'24
Top Stocks bought last month
Avenue Supermarts Ltd's allocation increased from 0.64% to 1.99%
Hyundai Motor India Ltd's allocation increased from 0.23% to 1.37%
Infosys Ltd's allocation increased from 4.9% to 5.23%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 4.71 % to 4.61 %
HDFC Bank Ltd's allocation decreased from 5.59 % to 4.47 %
Axis Bank Ltd's allocation decreased from 2.47 % to 2.45 %
Mid Cap allocation has gone down from 16.8% to 16.2%
Large Cap allocation has gone down from 67.9% to 65.2%
Small Cap allocation has gone down from 14% to 13.4%
Cash allocation has gone up from 0.7% to 3.2%
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Industrial
Nov'24
Financial Services
25%
Consumer Cyclical
17%
Industrial
11%
Oct'24
Financial Services
27%
Consumer Cyclical
18%
Industrial
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 7.54% | 0% | |
 Infosys Ltd | 5.23% | 0% | |
 Larsen & Toubro Ltd | 4.96% | 0% | |
 Reliance Industries Ltd | 4.61% | 0% | |
 HDFC Bank Ltd | 4.47% | -23.5% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 17.6% |
 Zomato Ltd | 8.1% |
 Infosys Ltd | 6.1% |
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Dhaval Shah
Fund Manager of Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth, since 31 October 2024
Top funds managed
Fund House
Aditya Birla Sun Life AMC Ltd
Total Schemes
Total AUM
₹3.78L Cr
as on 29-Nov-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
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.98% which is lower than the category average expense ratio of 1.28%.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 53% return, outperforming this fund by 32.45%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.24% return, outperforming this fund by 19.41% per annum.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.66% return, outperforming this fund by 17.45% per annum.
Over the last 3 months, this fund has experienced a 5.6% drop in AUM moving from 16.83K Cr to 15.89K Cr.
Over the last 3 months, this fund has increased expense ratio by 10.1% moving from 0.89 to 0.98.
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 14.94% since inception which is less than its category average return of 15.66%
Fund Allocations
This fund has an allocation of 96.77% in Equity, 0% in Debt and 3.23% in Cash related instruments
AUM size ₹15895 Cr
This fund has AUM of ₹15895 Cr which is more than its category average of ₹ 3948 Cr
Expense Ratio 0.98%
This fund has an expense ratio of 0.98% which is less than its category average expense ratio of 1.45%
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 ₹63.43 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
Aditya Birla Sun Life ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.94% | 0.94% |
6 Month Returns | 0.46% | 0.46% |
1 Year Returns | 20.55% | 20.55% |
3 Years Returns | 45.09% | 13.21% |
5 Years Returns | 82.86% | 12.83% |
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0.98% as on November 2024
₹15895 Cr as on November 2024
ICICI Bank Ltd(7.54%), Infosys Ltd(5.23%), Larsen & Toubro Ltd(4.96%), Reliance Industries Ltd(4.61%), HDFC Bank Ltd(4.47%) as on November 2024
Financial Services(24.5%), Consumer Cyclical(16.85%), Industrial(10.39%) as on November 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 | 0.52 | -3.04 | -3.69 |
As on November 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 | 0.94 | 0.93 | 0.86 |
As on November 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 | 1.46 | 0.53 | 0.52 |
As on November 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 | 12.19 | 12.83 | 16.97 |
As on November 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 0.84 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Dhaval Shah 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%