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Fincash » Birla Sun Life Tax Relief '96 Vs Birla Sun Life Tax Plan

Aditya Birla Sun Life Tax Relief ’96 Vs Aditya Birla Sun Life Tax Plan

Updated on October 16, 2019 , 136 views

Aditya Birla Sun Life Tax Relief ’96 and Aditya Birla Sun Life Tax Plan both these schemes are managed by Aditya Birla Sun Life Mutual Fund. They belong to ELSS category. These schemes offer investors the benefits of investing as well as tax deductions. ELSS schemes are the ones who invest a major proportion of their corpus in equity and equity-related instruments. These schemes are considered to be a good option for medium and long-term investments. Being an ELSS, individuals can claim tax deduction of up to INR 1,50,000 under Section 80C of Income Tax Act, 1961. Though both Aditya Birla Sun Life Tax Relief ’96 and Aditya Birla Sun Life Tax Plan belong to the same category and fund house, yet there are numerous differences between them. So, let us understand the differences between these schemes by comparing various parameters.

Aditya Birla Sun Life Tax Relief ‘96

Aditya Birla Sun Life Tax Relief ’96 is a part of Aditya Birla Mutual Fund. It is an open-ended ELSS scheme which was launched in March 1996. The scheme aims for capital growth in the long-term. It aims to achieve this goal by Investing the pooled money in equity and equity-related instruments and giving investors benefits of tax deductions. The scheme uses S&P BSE 200 Index as its benchmark to construct its portfolio. Based on the scheme’s objectives, Aditya Birla Sun Life Tax Relief ’96, invests around 80-100% percent of its corpus in equity instruments and the remaining in fixed income instruments. As on March 31, 2018, some of the top constituents of the scheme’s portfolio included Honeywell Automation India Limited, Sundaram Clayton Limited, Gillette India Limited, and Pfizer Limited. The fund manager managing Aditya Birla Sun Life Tax Relief ’96 is Mr. Ajay Garg.

Aditya Birla Sun Life Tax Plan

Aditya Birla Sun Life Tax Plan also belongs to the same fund house that is, Aditya Birla Mutual Fund. The scheme was launched on February 16, 1999, and aims for capital appreciation in the long-term. The scheme adopts a bottom-up strategy of investing. The Mutual Fund scheme aims to identify companies that have a strong competitive position in good businesses and have quality management. Aditya Birla Sun Life Tax Plan is also solely managed by Mr. Ajay Garg. Some of the top holdings of Aditya Birla Sun Life Tax Plan as on March 31, 2018, included Johnson Controls, GlaxoSmithKline Pharmaceuticals Limited, Thomas Cook (India) Limited, and Biocon Limited.

Aditya Birla Sun Life Tax Relief ’96 Vs Aditya Birla Sun Life Tax Plan

Though both the schemes belong to the same fund house, yet there are differences between them in terms of current NAV, performance, AUM, and other parameters. So, let us have an understanding of these parameters that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

The primary section in comparison of both the schemes is basics section. Some of the comparable parameters that form part of the basics section include Current NAV, Fincash Ratings, and scheme category. To begin with the Current NAV, it can be said that there exists a difference between NAV of both the schemes. As on April 12, 2018, the NAV of Aditya Birla Sun Life Tax Plan was approximately INR 39 while of Aditya Birla Sun Life Tax Relief ’96 was approximately INR 31. Comparison of scheme category reveals that both the schemes belong to the same category, that is, Equity ELSS. With respect to Fincash Ratings, it can be said that both the schemes are 4-Star rated schemes. The summary of the basics section is tabulated as follows.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
₹30.8 ↑ 0.20   (0.65 %)
₹8,562 on 31 Aug 19
6 Mar 08
Equity
ELSS
4
Moderately High
2.42
-1.18
-0.33
-7.35
Not Available
NIL
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
₹30.8 ↑ 0.20   (0.65 %)
₹8,562 on 31 Aug 19
6 Mar 08
Equity
ELSS
4
Moderately High
2.42
-1.18
-0.33
-7.35
Not Available
NIL

Performance Section

Comparison of Compounded Annual Growth Rate of CAGR Returns is done in the performance section. These CAGR returns are compared at various intervals such as 1 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. The comparison of performance section reveals that there is hardly any difference between both the schemes. The summary of performance section is as shown in the table given below.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
5.9%
2.9%
-3.8%
4.7%
7.9%
12.2%
10.2%
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
5.9%
2.9%
-3.8%
4.7%
7.9%
12.2%
10.2%

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Yearly Performance Section

It is the third section in comparison of both the schemes. Yearly performance section compares the absolute returns generated by both the schemes for a particular year. In case of yearly performance also, it can be said that there is not much difference between the returns generated by both the schemes. However, in many instances, Aditya Birla Sun Life Tax Relief ’96 leads the race marginally. The table given below summarizes the comparison of yearly performance for both the schemes.

Parameters
Yearly Performance2018
2017
2016
2015
2014
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
-4.5%
43.2%
3.4%
9.2%
54.6%
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
-4.5%
43.2%
3.4%
9.2%
54.6%

Other Details Section

It is the last section in comparison of both the schemes. The comparable parameters in this section include AUM, Minimum SIP and lumpsum investment, and exit load. To begin with the AUM, we can see a significant difference between both the schemes. As on March 31, 2018, the AUM of Aditya Birla Sun Life Tax Relief '96 is approximately INR 5,523 Crores while of Aditya Birla Sun Life Tax Plan is approximately INR 683 Crores. The minimum SIP and lumpsum amount in case of both the schemes is similar that is, INR 500. Even, there is no exit load for both the schemes as they belong to ELSS category and have a lock-in period of 3 Years. The table given below compares the other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
₹500
₹500
Ajay Garg - 12.84 Yr.
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
₹500
₹500
Ajay Garg - 12.84 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
DateValue
30 Sep 14₹10,000
30 Sep 15₹11,883
30 Sep 16₹13,526
30 Sep 17₹16,138
30 Sep 18₹17,265
30 Sep 19₹17,024
Growth of 10,000 investment over the years.
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
DateValue
30 Sep 14₹10,000
30 Sep 15₹11,883
30 Sep 16₹13,526
30 Sep 17₹16,138
30 Sep 18₹17,265
30 Sep 19₹17,024

Detailed Assets & Holdings Comparison

Asset Allocation
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
Asset ClassValue
Cash4.27%
Equity95.73%
Equity Sector Allocation
SectorValue
Financial Services22.78%
Consumer Cyclical14.64%
Industrials13.59%
Health Care12.36%
Basic Materials10.78%
Consumer Defensive9.38%
Energy8.78%
Technology4.74%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 517174
9%₹806 Cr281,118
↑ 5,133
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
9%₹801 Cr6,012,936
↑ 346,297
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
7%₹648 Cr3,280,120
↑ 547,172
Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE
7%₹623 Cr877,433
Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER
6%₹544 Cr1,623,958
↑ 6,176
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
5%₹432 Cr2,626,017
GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 500660
5%₹422 Cr3,036,075
↑ 71,550
Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 506285
4%₹406 Cr1,211,346
↑ 22,027
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT
4%₹397 Cr2,693,268
↑ 19,287
Clearing Corporation Of India Limited
CBLO | -
3%₹294 Cr
Asset Allocation
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
Asset ClassValue
Cash4.27%
Equity95.73%
Equity Sector Allocation
SectorValue
Financial Services22.78%
Consumer Cyclical14.64%
Industrials13.59%
Health Care12.36%
Basic Materials10.78%
Consumer Defensive9.38%
Energy8.78%
Technology4.74%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 517174
9%₹806 Cr281,118
↑ 5,133
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
9%₹801 Cr6,012,936
↑ 346,297
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
7%₹648 Cr3,280,120
↑ 547,172
Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE
7%₹623 Cr877,433
Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER
6%₹544 Cr1,623,958
↑ 6,176
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
5%₹432 Cr2,626,017
GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 500660
5%₹422 Cr3,036,075
↑ 71,550
Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 506285
4%₹406 Cr1,211,346
↑ 22,027
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT
4%₹397 Cr2,693,268
↑ 19,287
Clearing Corporation Of India Limited
CBLO | -
3%₹294 Cr

Thus, from the above parameters, it can be said that there are some differences between both the schemes. However, individuals should invest in schemes that are suitable for them. Before investing, they should understand the complete modalities of the scheme and check whether it is in-line with their objectives or not. This will help them to attain their goals on time and in a hassle-free manner.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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