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Fincash » DSP BlackRock Tax Saver Vs Birla Sun Life Tax Relief

DSP BlackRock Tax Saver Fund Vs Aditya Birla Sun Life Tax Relief ‘96

Updated on November 17, 2019 , 827 views

DSP BlackRock tax saver Fund and Aditya Birla Sun Life Tax Relief ’96 both form part of ELSS category. These schemes are also known as Tax Saving Mutual Fund. ELSS Mutual Funds are the ones that give investors the benefits of both Investing as well as a tax deduction. People investing in these schemes can claim a tax deduction of up to INR 1,50,000 under Section 80C of Income Tax Act, 1961. Being a tax saver scheme, they have a lock-in period of three years. Their lock-in period is the shortest as compared to other tax saver schemes. Though DSP BlackRock Tax Saver Fund and Aditya Birla Sun Life Tax Relief ’96 belong to the same category yet; there are differences in their performance, AUM, current NAV. So, let us understand the differences between both the schemes through this article.

DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund is a part of DSP BlackRock Mutual Fund. This scheme is an open-ended tax savings scheme and was launched in the year since 2007. The investment objective of the scheme is to ensure capital growth in the long-term from a portfolio that predominantly consists of equity and equity-related instruments of various companies. Along with the capital growth, the scheme also ensures that investors can claim a tax deduction from total income.

As on January 31, 2018, the Top 5 Stocks of DSP BlackRock Tax Saver Fund included HDFC Bank Limited, ICICI Bank Limited, Tata Steel Limited, State Bank of India, and Larsen & Toubro Limited.

The scheme invests in shares across market capitalization with a preference towards Large Cap Stocks.

Aditya Birla Sun Life Tax Relief ‘96

Aditya Birla Sun Life Tax Relief ’96 is managed by Aditya Birla Sun Life Mutual Fund. The scheme was incepted on March 28, 1996. The investment objective of the scheme is to help investors in the process of wealth creation along with saving taxes. The highlights of the scheme are tax benefits under Section 80C and higher returns in line with Inflation. Birla Sun Life Tax Relief ’96 uses a combination of top-down and bottom-up approach in the process of selecting stocks. It uses the top-down approach to analyze various parameters related to the macroeconomic factors, infrastructure spending, key policy changes, and so on. Additionally, the bottom-up approach seeks to identify companies with high profitability.

As on January 31, 2018, some of the top constituents that form part of Birla Sun Life Tax Relief ’96’s portfolio include Sundaram-Clayton Limited, Honeywell India Automation Limited, and Gillette India Limited.

DSP BlackRock Tax Saver Fund Vs Birla Sun Life Tax Relief ‘96

Though both the schemes belong to the same category, however, it is not compulsory that both the schemes have the same understanding. So, let us compare the schemes across various elements which are divided into four sections, namely, Basics section, Performance Section, Yearly Performance Section, and Other Details Section. These sections are discussed as follows.

Basics Section

The various comparable parameters that form part of Basics Section include Current NAV, AUM, expense ratio, Fincash Ratings, Category of the Scheme, and much more. To begin with the Scheme Category, it can be said that both the schemes belong to the same category that is Equity ELSS.

As perFincash Rating, it can be said that both DSP BlackRock Tax Saver Fund and Birla Sun Life Tax Relief ’96 Fund are rated as 4-Stars.

The summary of this 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
DSP BlackRock Tax Saver Fund
Growth
Fund Details
₹51.357 ↑ 0.27   (0.53 %)
₹6,103 on 31 Oct 19
18 Jan 07
Equity
ELSS
12
Moderately High
2.11
1.14
-0.19
6.06
Not Available
NIL
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
₹31.96 ↑ 0.16   (0.51 %)
₹9,814 on 31 Oct 19
6 Mar 08
Equity
ELSS
4
Moderately High
2.17
0.54
-0.31
-3.64
Not Available
NIL

Performance Section

The performance section compares the Compounded Annual Growth Rate or CAGR returns for both the schemes. These returns are compared at various time frames such as 1 Month Return, 6 Month Return, 3 Year Return, and Return since Inception. On a hindsight, it can be said that there is not much difference between the returns generated by both the schemes. At certain time intervals, the returns earned by DSP BlackRock Tax Saver Fund is higher while in others the returns of Birla Sun Life Tax Relief ’96 is higher. The Summary of this section is tabulated as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
DSP BlackRock Tax Saver Fund
Growth
Fund Details
1.9%
9.2%
9.7%
15.3%
12.3%
10.8%
13.6%
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
3.1%
9.6%
4.8%
5.6%
12.8%
10.5%
10.4%

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Yearly Performance

The yearly performance scheme compares the Absolute Return generated by both the schemes in a particular year. In case of yearly performance, the returns of Aditya Birla Sun Life Tax Relief ’96 is higher than that of DSP BlackRock Mutual Fund. The table given below shows the summary comparison for both the schemes.

Parameters
Yearly Performance2018
2017
2016
2015
2014
DSP BlackRock Tax Saver Fund
Growth
Fund Details
-7.6%
36.3%
11.3%
4.4%
52.2%
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
-4.5%
43.2%
3.4%
9.2%
54.6%

Other Details Section

This is the last section in case of comparison between two schemes. The parameters that form part of this section include Minimum SIP investment and Minimum lumpsum investment. With respect to the Minimum Lumpsum and SIP Investment, it can be said that the minimum SIP and lumpsum investment amount is the same in both the cases that is, INR 500. Moving on to the next parameter, that is, AUM, it can be said that the AUM of Birla is more than that of DSP BlackRock.

The various parameters of Other Details section are summarized in the table as follows.

DSP BlackRock Tax Saver Fund is managed solely by Mr. Rohit Singhania.

Birla Sun Life Tax Relief ’96 is solely managed by Mr. Ajay Garg.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
DSP BlackRock Tax Saver Fund
Growth
Fund Details
₹500
₹500
Rohit Singhania - 3.55 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.
DSP BlackRock Tax Saver Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,726
31 Oct 16₹13,047
31 Oct 17₹15,658
31 Oct 18₹14,393
31 Oct 19₹17,164
Growth of 10,000 investment over the years.
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹11,636
31 Oct 16₹13,315
31 Oct 17₹16,489
31 Oct 18₹15,821
31 Oct 19₹17,451

Detailed Assets & Holdings Comparison

Asset Allocation
DSP BlackRock Tax Saver Fund
Growth
Fund Details
Asset ClassValue
Cash5.51%
Equity94.49%
Debt0%
Equity Sector Allocation
SectorValue
Financial Services35.98%
Energy9.85%
Industrials9.44%
Basic Materials9%
Technology7.22%
Health Care6.9%
Consumer Cyclical5.46%
Consumer Defensive4.41%
Utility3.44%
Communication Services2.32%
Real Estate0.46%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
9%₹540 Cr4,389,849
↓ -143,434
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
8%₹505 Cr10,916,165
↓ -1,993,054
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
4%₹258 Cr3,502,207
↓ -762,763
Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE
4%₹243 Cr1,657,484
↓ -330,898
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
4%₹233 Cr3,400,402
↑ 2,073,797
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT
3%₹186 Cr1,260,052
↓ -163,234
State Bank of India (Financial Services)
Equity, Since 30 Sep 19 | SBIN
3%₹180 Cr5,752,031
↑ 3,765,817
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
3%₹162 Cr4,317,005
↑ 631,575
Asian Paints Ltd (Basic Materials)
Equity, Since 31 Jul 16 | 500820
3%₹158 Cr873,807
↓ -17,087
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
3%₹156 Cr
Asset Allocation
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
Asset ClassValue
Cash2.95%
Equity97.05%
Equity Sector Allocation
SectorValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
9%₹881 Cr6,012,936
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 517174
8%₹818 Cr291,315
↑ 10,197
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
8%₹751 Cr3,522,583
↑ 242,463
Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE
7%₹711 Cr878,672
↑ 1,239
Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER
7%₹659 Cr1,623,958
GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 500660
5%₹514 Cr3,093,350
↑ 57,275
Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 506285
4%₹435 Cr1,211,346
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
4%₹413 Cr2,626,017
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT
4%₹397 Cr2,693,268
Clearing Corporation Of India Limited
CBLO | -
3%₹335 Cr

Thus, from the above pointers, it can be said that there is a lot of difference between both the schemes though they belong to the same category. Therefore, people should be very careful before investing in a scheme by understanding its modalities completely. In addition, they should also check whether the scheme is in-line with their objectives or not. Individuals can even seek advice from financial advisors. This will help them to attain their objectives on time 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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