Birla Sun Life Tax Relief 96 is an open-ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years from the date of allotment.
Investment objective
The investment objective of Birla Sun Life Tax Relief 96 scheme is to generate long-term capital through a portfolio with a target allocation of 80 percent equity and 20 percent debt and money market securities.
Fund information
| Inception date | 29th March 1996 |
| CRISIL rank | Birla Sun Life Tax Relief 96 is ranked 2 under Equity Linked Savings Scheme. |
| Plans | Regular and Direct. |
| Options | Dividend Growth |
| Schemes |
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| Entry load | NIL |
| Exit load | NIL |
| Minimum investment | Fresh purchase:
Minimum – Rs.500 and thereafter in multiples of Re.1 Additional purchase: Minimum – Rs.500 and thereafter in multiples of Re.1 |
| SIP | Monthly minimum: Rs.500 |
| Product label – Risk and target investors | Risk : Moderately high risk
Target Investors: This product is suitable for investors who are seeking long term capital growth and those who wish to invest in equity and equity related securities, with tax benefits under section 80C, provided he is eligible. |
| Benchmark | S&P BSE 200 is the benchmark.
The S&P BSE 200 includes equity shares of 200 selected companies from the specified and non-specified lists of BSE. The selection of companies is primarily done on the basis of current market capitalization. The market activity of the companies reflected by their volumes of turnover and certain fundamental factors were considered for the final selection of the 200 companies. |
| SWP | No, investors do not have the option withdrawal plan. |
| STP | No, Birla Sun Life Tax Relief 96 does not allow systematic transfer plan. |
| Redemption | Redemption time is 3 days. |
| Taxation (on investment and on redemption) | Each investor must consult with his own tax advisors with respect to the specific amount of tax and other implications arising out of his participation in the scheme. |
Portfolio – Sector / Top 10 holdings
| Issuer | Sector | Percentage |
| Sundaram Clayton Ltd. | Automotive | 5.94 |
| Honeywell Automation India Ltd. | Telecommunication | 5.61 |
| Bayer CropScience Ltd. | Chemicals | 5.33 |
| ICRA Ltd. | Miscellaneous | 4.88 |
| Kotak Mahindra Bank Ltd. | Banking/ Finance | 4.23 |
| MRF Ltd. | Automotive | 3.61 |
| Zee Entertainment Enterprises Ltd. | Media and entertainment | 3.07 |
| Sterling Holiday Resorts India Ltd. | Services | 3.06 |
| Pfizer Ltd. | Pharmaceuticals | 3.02 |
| Bosch Ltd. | Automotive | 2.95 |
Risk measures
| Sharpe | As on 31st July, 2015 it is 1.25. |
| Alpha | NA. |
| Beta | As on 31st July, 2015 it is 0.96 |
| Standard Deviation | As on 31st July, 2015 it is 15.01%. |
Performance
| AUM for April- June 2015 | Rs.1,964.79 crores | ||||||||||||||||||||
| NAV (as on 30th June, 2015) | Regular Plan-
Growth: Rs.22.36 Dividend: Rs.140.15 Direct Plan- Growth: Rs.22.80 Dividend: Rs.157.35 |
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| Returns and Benchmark comparison |
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| Expenses |
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