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CASPeR Ranking #186
Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth
NAV (Fri Sep 06 2024)
₹67
Returns (Since Inception)
13.57%
Category Average
18.37%
Rating
2
Allocation and Holdings
Asset class
Weightage
Financial Services
14.40%
Technology
5.70%
Energy
4.76%
Industrials
7.36%
Communication Services
3.06%
Consumer Cyclical
2.65%
Healthcare
2.49%
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Overall rating
Scheme Information
Fund name
Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth
Minimum SIP
500
Risk Level
Very High Risk
AUM
₹16819.83 Cr
ISIN
INF209K01UN8
Inception Date
Jan 01 2013
Standard Deviation
12.202
Beta
0.92
Sharpe Ratio
0.714
Benchmark
IISL Nifty 500 TR INR
Expense Ratio
0.890%
Exit Load
Nil
Risk
Very High Risk
Investment Objective
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.
Fund Managers
Atul Penkar
Dhaval Gala
About the AMC
Aditya Birla Sun Life AMC Ltd
Phone Number
+91 22 43568000Email Address
care.mutualfunds@adityabirlacapital.comCorporate Office Address
Aditya Birla Sun Life AMC Ltd,One World Centre, Tower 1, 17th Floor,Jupiter Mill Compound, 841, Senapati Bapat Marg,Elphinstone RoadOverall AUM
₹16819.83 Cr
Website
www.adityabirlasunlifemf.comPopular Hybrid Funds
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Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth
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frequently asked questions
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What is the current NAV of Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth?
The NAV of Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth is ₹67 as of Fri Sep 06 2024.
Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.
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Who is the fund manager of Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth?
Atul Penkar is the current fund manager of Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth as on Sat Sep 07 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.
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What is the expense ratio of Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth?
The Expense Ratio of Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth is 89.00% as of Sat Sep 07 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 89.00% of those returns will be retained by the AMC.
The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).
Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.
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What is the minimum SIP amount of Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth?
The minimum Systematic Investment Plan (SIP) amount required for Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth is ₹500. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.
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What is the minimum lump sum amount required to invest in Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth?
To initiate a lump sum investment in Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth, a minimum initial amount of ₹500 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.
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What is risk category of the Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth?
In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth is classified as Very High Risk.
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What is the category of Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth?
The category of the Aditya Birla Sun Life ELSS Tax Saver Direct Plan Growth is Equity.
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