Benefits
About Insurer
Aditya Birla Capital Limited (“ABCL”) is a registered Core Investment Company (“CIC’) and the holding company of the financial services businesses. Through its subsidiaries/JVs, ABCL provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 55,000 employees, the businesses of ABCL have a nationwide reach with over 1,470 branches and more than 200,000 agents/channel partners along with several bank partners.
As of September 30, 2024, Aditya Birla Capital Limited manages aggregate assets under management of over Rs. 5.0 Lakh Crore with a consolidated lending book of Rs 1.38 Lakh Crore through its subsidiaries/JVs.
Aditya Birla Capital Limited is a part of the US$66 billion global conglomerate Aditya Birla Group, which is in the league of Fortune 500. Anchored by an extraordinary force of over 187,000 employees belonging to 100 nationalities, the Group is built on a strong foundation of stakeholder value creation. With over seven decades of responsible business practices, the Group’s businesses have grown into global powerhouses in a wide range of sectors - from metals to cement, fashion to financial services and textiles to trading. Today, over 50% of the Group’s revenues flow from overseas operations that span over 40 countries in North and South America, Africa, Asia, and Europe.
Eligibility
Investment Eligibility: Minimum Investment : Rs. 2,000/month or Rs. 12,000 per year.
Age Eligibility: Minimum : 18 years & Maximum : 60 years
Fund Performance
AUM : Rs. 23,970 Cr.
Fund (NAV in Rs.) | Fund Size (in Rs.) | 5 years Returns | 7 years Returns | 10 years Returns |
Multiplier Fund Fund NAV: 96.72 | 4,527 Cr | 23.31% | 14.03% | 16.83% |
Pure Equity Fund Fund NAV: 74.02 | 2,854 Cr | 20.88% | 14.32% | 14.98% |
Maximiser Fund Fund NAV: 65.42 | 3,073 Cr | 15.9% | 12.56% | 12.19% |
Super 20 Fund Fund NAV: 62.89 | 2,113 Cr | 14.53% | 12.86% | 11.88% |
Value & Momentum Fund Fund NAV: 50.42 | 728 Cr | 20.34% | 10.47% | 11.74% |
Magnifier Fund Fund NAV: 120.9 | 1,323 Cr | 14.52% | 11.52% | 11.66% |
Creator Fund Fund NAV: 97.88 | 520 Cr | 10.73% | 9.6% | 9.82% |
Builder Fund Fund NAV: 89.31 | 233 Cr | 7.84% | 7.78% | 8.39% |
Enhancer Fund Fund NAV: 103.31 | 5,818 Cr | 8.52% | 7.79% | 8.25% |
Protector Fund Fund NAV: 64.43 | 297 Cr | 6.78% | 7.02% | 7.5% |
Income Advantage Fund Fund NAV: 39.87 | 891 Cr | 6.59% | 7.18% | 7.5% |
Assure Fund Fund NAV: 44.28 | 256 Cr | 5.85% | 6.45% | 6.84% |
Liquid Plus Fund Fund NAV: 22.28 | 212 Cr | 4.98% | 5.52% | 6.01% |
Nifty Midcap 150 Momentum 50 Index Fund Fund NAV: 9.6 | 13 Cr | NA | NA | NA |
Small Cap Fund Fund NAV: 12.94 | 54 Cr | NA | NA | NA |
ESG Fund Fund NAV: 11.97 | 10 Cr | NA | NA | NA |
Nifty Alpha 50 Index Fund Fund NAV: 9.86 | 124 Cr | NA | NA | NA |
MNC Fund Fund NAV: 19.6 | 448 Cr | 13.19% | NA | NA |
Asset Allocation Fund Fund NAV: 27.1 | 272 Cr | 11.55% | 10.55% | NA |
Capped Nifty Index Fund Fund NAV: 30.17 | 204 Cr | 15.26% | 12.58% | NA |
Charges
Type | Percentage or Amount | ||||||||||||||||||
Fund Management Charges | 1.00% p.a. for Liquid Plus, Income Advantage, Assure, Protector, & Builder 1.25% p.a. for Enhancer, Creator, Capped Nifty Index, Asset Allocation 1.35% p.a. for Other Funds | ||||||||||||||||||
Mortality Charges |
*Risk Charges per `1000/- Sum at Risk *The Sum at Risk for Life Assured is Death Benefit less Fund Value | ||||||||||||||||||
Policy Admin Charges | Nil | ||||||||||||||||||
Premium Allocation charges | Nil | ||||||||||||||||||
Switching charges | Nil | ||||||||||||||||||
Partial Withdrawal charge | Nil | ||||||||||||||||||
Premium redirection charge | Nil | ||||||||||||||||||
Discontinuance Charge | |||||||||||||||||||
Miscellaneous Charges | Nil |
Tax Savings
If you invest Rs. 50,000 per year for 5 years in the opportunities fund which grows at a 16.8% (last 10 years CAGR) for 10 years. Returns would be Rs. 8,86,956
Under Section 80C (Old tax regime) : Investment amount is tax free
Your investment amount Rs.50,000 per year for 5 years will be tax exempt. So Tax savings : Rs. 15,000 per year (assuming 30% bracket). Total tax saving for 5 years would be Rs.75,000
Under Section 10D : Realised profits are tax free
Profits from your returns are tax free i.e. Rs. 8,86,956 - Rs. 2,50,000 = Rs. 6,36,956 would be tax free. If you had invested the same amount in ELSS or MF you would have to pay 12.5% LTCG tax on profits. i.e. Rs. 79,619 (assuming same charges)
So total tax savings under both above sections would be Rs. 75,000 + Rs. 79,619 = Rs. 1,54,619