Aditya Birla Sun Life ELSS Mutual Funds

ELSS (Equity Linked Savings Scheme) is a preferred investment option for investors who wish to save on investment tax. Aditya Birla Sun Life ELSS Fund is a diversified equity mutual fund that provides you with long-term wealth development in a tax-efficient manner.

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Best Mutual Funds 2024

Result Showing 1-13 of 13 Mutual Funds

    Mutual Fund Schemes
    Category
    Nav
    5Y Returns
    AUM
    (in Cr.)
    Compare
    elss
    56.44Feb 27, 2024
    12%
    ₹14,917

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    elss
    389.22Feb 27, 2024
    12%
    ₹14,917

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    elss
    389.22Feb 27, 2024
    12%
    ₹14,917

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    elss
    51.09Feb 27, 2024
    11%
    ₹14,917

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    elss
    51.09Feb 27, 2024
    11%
    ₹14,917

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    elss
    179.51Feb 27, 2024
    10%
    ₹14,917

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    elss
    179.51Feb 27, 2024
    10%
    ₹14,917

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    elss
    51.06Apr 3, 2023
    4%
    ₹322

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    elss
    158.59Apr 3, 2023
    4%
    ₹322

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    elss
    158.59Apr 3, 2023
    4%
    ₹322

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    elss
    47.49Apr 13, 2023
    4%
    ₹314

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    elss
    88.08Apr 3, 2023
    3%
    ₹322

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    elss
    89.39Apr 13, 2023
    3%
    ₹314

    Add to Compare

    Result Showing 1-13 of 13 Mutual Funds

    Investment Objective

    Aditya Birla Sun Life ELSS Funs is an open-ended equity mutual fund that aims at creating long-term capital via a portfolio with a target allocation of 20% debt, 80% equity and money market securities. 

    Risks Involved in Aditya Birla Sun Life ELSS Mutual Fund

    Every mutual fund or stock has some kind of risk associated with it. Aditya Birla Sun Life MF ELSS possesses moderately high to high market risk as compared to other balanced and debt funds. However, when the prices of underlying stocks change, the value of the fund also increases or decreases. 

    The stock prices may be influenced by the following factors:

    • Interest rates
    • Government policies
    • Exchange rates
    • Tax laws 
    • Price and volume changes in the stock market, and 
    • Other developments. 

    In terms of a well-diversified portfolio, such funds carry less risk than pure mid-cap or small-cap funds and theme or sector-based funds. Besides, if investors stay invested for a longer period, the inherent risks may average out. Investors may mull over their risk tolerance before finalising a scheme for investment.

    Return Potential of Aditya Birla Sun Life ELSS Mutual Fund

    Aditya Birla Sun Life Mutual Fund ELSS returns in the form of regular dividends and capital appreciation. 

    Capital appreciation is an upshot of the increase in the underlying stock prices over a defined investment horizon. The MF offers a lock-in period of three years, which assists the fund manager in taking decisions on asset allocation without worrying about frequent fund redemptions. 

    Investors can adopt this holistic approach and earn higher returns in the long run. In the past, ELSS funds have delivered average returns of around 12% to 15% for more than five years. Nevertheless, Aditya Birla Sun Life MF ELSS funds do not ensure assured returns. Plus, the fund performance may differ from one period to another. 

    If you want to fuel up your returns, consider adding a few mid-cap or small-cap funds to the overall portfolio.

    Who Should Invest in Aditya Birla Sun Life ELSS Mutual Fund?

    Investing in Aditya Birla Sun Life MF ELSS could be an ideal investment option for investors — 

    • Looking to invest funds for at least three years
    • Earning high-income seeking tax relief
    • Planning to invest for long-term goals, including higher studies, child’s education, and retirement
    • Seeking higher returns 

    Things to Consider Before Investing in Aditya Birla Sun Life Tax Saver Mutual Fund

    Given below are some pivotal factors that every investor must ponder over before investing in Aditya Birla Sun Life Mutual Fund ELSS or any MF scheme: 

    Performance of Mutual Funds over Time

    Often, people who are investing for the first time check the chart and are attracted to funds that top the list. However, the idea is to adopt a holistic approach to how a mutual fund has performed in the last few years. Preferably, the time horizon you must consider is 1 year, 3 years, 5 years, and since its establishment. Always aim for funds which have offered good returns over mutual funds that provide windfall gains. 

    ELSS mutual funds are driven by market conditions. Therefore, it is crucial to determine their performance during the economic downturn. Funds that have performed well in the market demonstrate the expertise of their fund managers. Hence, investors can prefer such funds. 

    Opt for Fund Diversification and Assess the Risk Associated with the Fund

    Checking the fund performance is not enough. You must also assess the risk associated with the fund. The prime attribute of any ELSS is to put money into various equity tools. Nevertheless, all ELSS has a specific and distinct investing pattern. For instance, investing in a mix of mid-cap and large-cap equity or small-cap funds.  

    If you are risk-averse, you should invest in large-cap equity as they are relatively safe and stable investments. However, if you are an aggressive investor and willing to take risks, then you can choose mid-cap-oriented funds — which offer higher returns but are highly prone to extreme losses in economic downturns. 

    Some funds invest a majority of their money in their top 10 stocks, while others have evenly distributed portfolios. Pick an ELSS fund whose portfolio resonates with your risk profile and personal investment strategy.

    Stay Invested for a Long Run

    The idea is to view ELSS funds as an efficient wealth-creation tool and not just as a tax-saving tool. Try to stay invested beyond the lock-in period of 3 years in funds and set a target of yielding higher returns in the long run. 

    Aim for Growth

    ELSS funds are supposed to offer growth and dividend options. Dividends may render returns in certain intervals. But the growth option fund accumulates and re-invests the dividends. It, in turn, provides the additional advantage of compounding the returns on your investments. 

    Turnover Ratio of the Fund

    A fund’s turnover ratio is defined as the number of times a stock holding is replaced. Usually, the ratio is represented in the form of a percentage for one year. A fund with a turnover ratio of 50% substitutes 50% of its stock holdings in a year. 

    The definition of a good turnover ratio is entirely subjective and depends on the personal outlook of each investor. A higher ratio may represent a fund managed more aggressively to produce higher return rates. 

    While you are choosing the right ELSS, pick a fund whose turnover ratio resembles your investment objectives. 

    Tax on Aditya Birla Sun Life Mutual ELSS Funds

    Under Section 80C of the Income Tax Act, ELSS funds are eligible for tax exemptions if the investment amount in each financial year doesn’t exceed ₹ 1,50,000. Moreover, if the capital gains on investments are less than ₹ 1 lakh in a year, the interest earned through ELSS funds would be tax-free.

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    FAQs About Aditya Birla Sun Life ELSS Mutual Funds

    How is Aditya Birla Sun Life Mutual Fund ELSS doing?

    The AMC mutual funds are performing well and offering lucrative returns on investment.

    Is Aditya Birla Sun Life Mutual Fund ELSS safe?

    Aditya Birla Sun Life Mutual Fund ELSS uses qualified custodians such as banks for any investment. These custodians are registered with SEBI (Securities and Exchange Board of India) and answer the body. Therefore, it is safe to invest in AMC mutual funds. However, there are some risks involved.

    Is it good to invest in equity funds?

    If you seek to earn high returns and are willing to take risks, then investing in equity funds could be a good option.
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