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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 1, 2024 , 2344 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
₹136.931 ↑ 0.12   (0.08 %)
₹17,771 on 30 Sep 24
18 Jan 07
Equity
ELSS
12
Moderately High
1.78
2.71
0.71
2.74
Not Available
NIL
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
₹58.38 ↑ 0.11   (0.19 %)
₹17,102 on 30 Sep 24
6 Mar 08
Equity
ELSS
4
Moderately High
1.69
2.51
-1.82
-0.41
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
-5.2%
-2%
15%
46.5%
18.6%
21.8%
15.9%
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
-6.5%
-3.3%
10%
34.4%
11.3%
12.7%
11.2%

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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 Performance2023
2022
2021
2020
2019
DSP BlackRock Tax Saver Fund
Growth
Fund Details
30%
4.5%
35.1%
15%
14.8%
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
18.9%
-1.4%
12.7%
15.2%
4.3%

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 - 9.22 Yr.
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
₹500
₹500
Atul Penkar - 2.75 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 19₹10,000
31 Oct 20₹9,666
31 Oct 21₹16,099
31 Oct 22₹16,365
31 Oct 23₹18,337
31 Oct 24₹26,861
Growth of 10,000 investment over the years.
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
DateValue
31 Oct 19₹10,000
31 Oct 20₹9,854
31 Oct 21₹13,173
31 Oct 22₹12,822
31 Oct 23₹13,525
31 Oct 24₹18,181

Detailed Assets & Holdings Comparison

Asset Allocation
DSP BlackRock Tax Saver Fund
Growth
Fund Details
Asset ClassValue
Cash3.28%
Equity96.72%
Equity Sector Allocation
SectorValue
Financial Services35.6%
Consumer Cyclical9.98%
Basic Materials9.24%
Industrials8.16%
Technology7.94%
Health Care7.43%
Consumer Defensive5.49%
Energy4.88%
Utility4.11%
Communication Services3.9%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
9%₹1,541 Cr8,899,468
↑ 980,097
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
7%₹1,213 Cr9,528,194
↑ 491,010
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹616 Cr7,824,291
↓ -552,125
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
3%₹603 Cr3,215,957
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
3%₹581 Cr4,716,056
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Nov 22 | HINDUNILVR
2%₹442 Cr1,495,324
↑ 33,982
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Oct 22 | KOTAKBANK
2%₹423 Cr2,279,605
↑ 240,409
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | M&M
2%₹401 Cr1,294,144
Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 31 Dec 22 | MOTHERSON
2%₹396 Cr18,718,335
NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | 532555
2%₹395 Cr8,907,565
Asset Allocation
Aditya Birla Sun Life Tax Relief '96
Growth
Fund Details
Asset ClassValue
Cash1.07%
Equity98.93%
Equity Sector Allocation
SectorValue
Financial Services26.38%
Consumer Cyclical18.88%
Industrials11.11%
Health Care8.83%
Basic Materials8.71%
Energy7.43%
Technology6.63%
Consumer Defensive4.89%
Communication Services3.15%
Utility1.47%
Real Estate1.46%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹1,163 Cr9,137,798
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
5%₹886 Cr5,115,495
Infosys Ltd (Technology)
Equity, Since 30 Jun 08 | INFY
5%₹831 Cr4,431,429
↓ -700,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
5%₹786 Cr2,660,213
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT
5%₹770 Cr2,095,752
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 22 | BHARTIARTL
3%₹538 Cr3,146,277
Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Jan 20 | 532843
3%₹514 Cr8,360,144
TVS Holdings Ltd (Consumer Cyclical)
Equity, Since 31 Aug 23 | 520056
3%₹433 Cr302,632
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | 532215
2%₹418 Cr3,388,737
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | HONAUT
2%₹395 Cr80,589

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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