January 10, 2024
mayank
Aditya Birla (ABSL) ELSS Tax Saver details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 54.5300
NAV IDCW: Rs 376.0600
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks long-term capital growth and will invest approximately 80 per cent of its assets in equity, while the balance would be a invested in debt and money market instrument. It was converted to an open-ended scheme with effect from July 1999. A combination of top down & bottom up approach will be followed in the stock selection process.
Fund Manager:
1) Atul Penkar
Education: Mr.Penkar is a B.E. (Mechanical) and an MMS.
Experience: Prior to joining Aditya Birla Sun Life AMC, he was with Emkay Shares & Stock Brokers Ltd.
2) Dhaval Gala
Education: Mr. Gala has done BMS from Mithibai College and PGDBM-Finance from N.L.Dalmia Institute of Management Studies & Research.
Experience: Prior to joining Aditya Birla Sun Life Mutual Fund, he has worked with B&K Securities( January 2008- February 2011) and J.P.Morgan Chase India Private Ltd ( May 2005-July 2006).
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details of Aditya Birla (ABSL) ELSS Tax Saver
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 14.68% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 14,918 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.93% |
| (As on 30-Nov-2023) | |
| Risk Grade | High |
| Return Grade | Low |
| Turnover | 26.00% |
Trailing Returns (%) of Aditya Birla (ABSL) ELSS Tax Saver
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL ELSS Tax Saver Dir | 0.81 | 0.33 | 4.08 | 10.61 | 14.61 | 21.58 | 9.84 | 11.09 | 12.70 | 15.54 |
| S&P BSE 500 TRI | 0.13 | 0.22 | 4.02 | 13.64 | 17.68 | 26.73 | 19.03 | 17.76 | 16.99 | 16.36 |
| Equity: ELSS | 0.28 | 0.26 | 3.94 | 13.41 | 18.65 | 29.78 | 19.88 | 18.27 | 17.02 | 17.65 |
| Rank within category | 8 | 10 | 20 | 31 | 31 | 34 | 33 | 30 | 28 | 23 |
| Number of funds in category | 39 | 39 | 39 | 38 | 38 | 36 | 33 | 30 | 29 | 25 |
Peer Comparison of Aditya Birla (ABSL) ELSS Tax Saver
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ABSL ELSS Tax Saver Dir | 1 star | 21.58 | 9.84 | 11.09 | 0.93 | 14,918 | 14.68 | — | 11Y | 26.00 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 28.35 | 19.99 | 20.75 | 0.64 | 18,843 | 20.42 | — | 8Y | 97.00 |
| SBI LT Eqt Dir | 4 star | 41.55 | 24.69 | 20.32 | 0.98 | 18,715 | 16.37 | — | 11Y | 17.00 |
| DSP ELSS Tax Saver Dir | 4 star | 30.41 | 21.87 | 20.58 | 0.72 | 12,615 | 18.02 | — | 11Y | 38.00 |
| Canara Robeco ELSS Tax Saver Dir | 4 star | 26.15 | 18.42 | 20.00 | 0.54 | 7,033 | 16.37 | — | 11Y | 30.00 |
Portfolio Analysis of Aditya Birla (ABSL) ELSS Tax Saver
| No. of Stocks | 60 |
| Top 10 Stocks | 44.03% |
| Top 5 Stocks | 30.37% |
| Top 3 Sectors | 46.03% |
| Portfolio P/B Ratio | 4.40 |
| Portfolio P/E Ratio | 29.28 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,66,852 | 1,57,913 |
| Giant (%) | 56.63 | 52.85 |
| Large (%) | 12.70 | 20.46 |
| Mid (%) | 24.02 | 19.96 |
| Small (%) | 6.66 | 6.71 |
| Tiny (%) | — | 0.42 |
How to Invest in Aditya Birla Sun Life (ABSL) ELSS Tax Saver?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) ELSS Tax Saver
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://mutualfund.adityabirlacapital.com/help-centre/invest-now
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Quicklinks
https://sahifund.com/360-one-elss-tax-saver-nifty-50-index-fund/