Merger of Aditya Birla Sun Life Tax Savings Fund, An Open Ended Equity Linked Savings

16 Pages·2017·0.29 MB·English

April 17, 2018
Dear Valued Unitholder,
Re: Merger of Aditya Birla Sun Life Tax Savings Fund, An Open Ended Equity Linked Savings Scheme (Lock in period
of 3 years) into the Aditya Birla Sun Life Tax Relief ’96, an Open ended Equity Linked Savings Schemes (ELSS) with
a lock-in of 3 years
Thank you for choosing Aditya Birla Sun Life Mutual Fund (“the Fund”) as your investment partner. We truly appreciate your trust in us.
In line with this philosophy, we are writing to inform you that Aditya Birla Sun Life Tax Savings Fund, an Open Ended Equity Linked
Savings Scheme (Lock in period of 3 years), (‘Merging Scheme’) will be merged into the Aditya Birla Sun Life Tax Relief ’96, an
Open ended Equity Linked Savings Schemes (ELSS) with a lock-in of 3 years. (‘Surviving Scheme’).
This merger has been approved by the Board of Directors of Aditya Birla Sun Life AMC Limited (ABSLAMC) and Aditya Birla Sun Life
Trustee Private Limited. Securities Exchange Board of India (SEBI) vide its letter no. IMD/DF3/OW/P/2017/2017/24153/1 dated
October 04, 2017 has conveyed it’s no objection for the aforesaid merger.
You will be pleased to note that the merger of the scheme(s) as aforesaid is expected to result in the following benefits:
• Expands the investment horizon of the Schemes;
• Removal of overlapping of the schemes resulting in simplification of the choices and better clarity to the investors;
• Streamlining the management of these schemes; and
• Facilitate growth in assets and number of investors of Aditya Birla Sun Life Tax Relief ’96.
The Surviving Scheme i.e. Aditya Birla Sun Life Tax Relief ‘96 is open-ended equity linked savings scheme (ELSS) with the objective
of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities.
The record date for the proposed merger is Monday, May 21, 2018 (‘Effective Date’).
The scheme features and latest portfolios of Aditya Birla Sun Life Tax Savings Fund and Aditya Birla Sun Life Tax Relief ‘96 are
given in Annexure I & II respectively. For further details on both Merging and Surviving Schemes, Unitholders are requested to refer
Scheme Information Document and Key Information Memorandum which is available on our website www.adityabirlasunlifemf.com
For Performance of Merging Scheme and Surviving Scheme please refer Annexure III.
Further, for details of Non-Performing Assets (NPAs) and illiquid assets to net assets please refer Annexure IV.
Pursuant to SEBI Circular No. SEBI/MFD/CIR No.5/12031/03 dated June 23, 2003, the merger of Aditya Birla Sun Life Tax Savings
Fund with Aditya Birla Sun Life Tax Relief ‘96 will be treated as change in fundamental attributes of Aditya Birla Sun Life Tax Savings
Fund.
In terms of prevailing regulatory requirements, unitholders of the Merging Scheme are given an option to exit i.e. redeem their units
or switch to any other scheme(s) of Aditya Birla Sun Life Mutual Fund (‘the Fund’) by submitting request for redemption or switch
to any of existing schemes of the Fund at the prevailing NAV without payment of exit load during exit option period from April
19, 2018 till May 18, 2018 (both days inclusive and upto 3.00 pm on May 18, 2018) at designated Official Points of
Acceptance of Transactions of the Fund. Unit holders who hold the units of Merging Scheme in electronic (demat) mode need to
submit the redemption request to their Depository Participant.
Redemption / Switch requests received after 3.00 p.m. on May 18, 2018 will not be considered for redemption and units will be
allotted in Surviving Scheme at applicable NAV of corresponding plans/options of Aditya Birla Sun Life Tax Relief ‘96 on Effective
Date.
The redemption proceeds shall be despatched within 10 business days of receipt of valid redemption request to those unitholders
who choose to exercise their exit option.
The requirement of minimum application amount for fresh subscription of units as applicable for the Surviving Scheme shall not be
applicable in respect of units allotted to the unitholders of the Merging Scheme on account of merger.
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Consequently, upon the merger of schemes, the unitholders shall be allotted units under the corresponding Plan/Option/Facility
under Surviving Scheme as per matrix provided below:
Units held under following Option / Facility in Regular / Direct Units shall be allotted under following Option / Facility in
Plan of the Merging scheme Regular / Direct Plan in Surviving scheme
Dividend Payout Dividend Payout
Growth
Growth
Bonus
The exit option will not be available to unitholders who have pledged or encumbered their units in the Merging Scheme and the
Fund has marked pledge / lien on units in its record unless the release of pledge / lien is obtained and communicated to the Fund
/ Registrar, Computer Age Management Services Pvt. Ltd. before submitting redemption / switch-out requests.
The exit offer is not available to unitholders of the Surviving Scheme since there is no change in the fundamental attributes of the
Surviving Scheme.
This offer to exit from Aditya Birla Sun Life Tax Savings Fund is merely an option and not a compulsion. Unitholders who do not
exercise the exit option on or before May 18, 2018 would be deemed to have consented to the proposed merger and will be
allotted units under the respective plans/options of the Surviving Scheme at the NAV declared as on the close of business hours
on Effective Date and fresh Account Statement reflecting units in Surviving Scheme will be issued to you.
Basis of allotment of units in Surviving Scheme pursuant to merger is explained as follows:
Aditya Birla Sun Life Tax Savings Fund Aditya Birla Sun Life Tax Relief ‘96
Assumed NAV Units Held Valuation Securities Net Amount Assumed NAV Units to be Valuation
on Effective by Resident of holding Transaction to be invested on Record allotted on of holding
Date Investor of units on Tax @ in Aditya Birla Date merger of units on
Record date 0.001% Sun Life Tax Effective date
Relief ‘96
(Rs.) Nos. (Rs.) (Rs.) (Rs.) (Rs.) Nos. (Rs.)
(A) (B) (A*B)=C D E F (E/F)=G (F*G)=H
24 1,000.00 24,000.00 Nil* 24,000.00 300.00 80.00 24,000.00
(24,000/300)
*Securities Transaction Tax w.r.t. units of Merging scheme, if any, on account of merger would be borne by ABSLAMC.
The Finance Act, 2016 amended Section 47 so as to include clause (xix) which provides that any transfer of unit or units by a unit holder held by
him in the Consolidating Plan of a mutual fund scheme, will not be treated as transfer, if the transfer is made in consideration of the allotment
to him of unit or units in the Consolidated Plan of that mutual fund scheme under the process of consolidation of the schemes of mutual fund in
accordance with the SEBI (Mutual Funds) Regulation, 1996 and accordingly capital gains will not apply.
As per the amendments, allotment of units in Surviving Scheme, pursuant to merger, to Unit holders of Merging Scheme who decide to continue
will not be considered as redemption of Units in Merging Scheme and will not result in short term / long term capital gain / loss in the hands of
the unit holders. Further, the cost of acquisition of units allotted in Surviving Plan (Consolidated Plan) pursuant to merger or consolidation of plans
of a mutual fund scheme will be the cost of acquisition of units in Transferor Plan (Consolidating Plan).
However redemption of units from Merging Scheme and/or switch-out of units of Merging Scheme to any other schemes of the Fund during exit
window shall be considered as redemption in Merging Scheme and will result in short term / long term capital gain / loss in the hands of the Unit
holders depending on the period of holding of the investment. In case of NRI investors, TDS shall be deducted in accordance with the applicable
Tax laws, upon exercise of exit option and the same would be required to be borne by such investor only.
Further there would be no Securities Transaction Tax on allotment of units in Surviving Scheme pursuant to merger to unit holder who decide to
continue.
In view of individual nature of tax implications, unitholders are advised to consult their tax advisors Brief note giving tax implication
on merger of schemes are given in Annexure V
Following provisions would be applicable Post-merger:
• The date of allotment at the time of subscription in Merging Scheme shall be considered as the allotment date for the purpose of applicability
of exit load period at the time of redemption / switch – out of such units in Surviving scheme.
• In case the lien is marked on the units held in the Merging Scheme and such unitholder decides to continue to remain invested (i.e. does not
submit redemption / switch-out request during exit option period), then the units allotted in Surviving Scheme pursuant to merger will also be
automatically subject to lien in Surviving Scheme post-merger
• In case of Unitholders who are holding units of Merging Scheme in electronic (demat) mode and who don’t submit redemption / switch-out
request during the exit option period, such units of Merging Scheme will be extinguished from their demat account and proportionate units of
the Surviving Scheme will be credited to their demat account after the Effective Date (refer Annexure VI for ISIN details).
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The details of unclaimed redemption and dividend relating to Aditya Birla Sun Life Tax Savings Fund as on March 31, 2018 is enclosed (refer
Annexure VII for details). Unitholders should note that after the merger, amounts relating to unclaimed redemption and dividend will be transferred
in the name of the Surviving scheme i.e. Aditya Birla Sun Life Tax Relief ‘96
Cut off timing for NAV applicability for redemption and switch-out:
In respect of valid redemption/switch out requests received at a designated Official Points of Acceptance of Transaction of the Fund upto 3.00 p.m.
on a Business Day, the NAV of the day of receipt of application shall be applicable and in respect of application received after 3.00 p.m., the NAV
of the next Business Day will be applicable.
CONTACT US
If you have any further queries regarding your investments you can –
• Write in at [email protected]
• Visit your nearest Investor Service Centres (ISCs). To locate your nearest ISC we request you to visit www.adityabirlasunlifemf.com.
Thanking you once again and looking forward to a long and enduring relationship.
For Aditya Birla Sun Life AMC Ltd.
(Investment Manager for Aditya Birla Sun Life Mutual Fund)
sd/-
Authorised Signatory
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Annexure I
The scheme features of Aditya Birla Sun Life Tax Savings Fund (Merging Scheme) and Aditya Birla Sun Life Tax Relief ’96 (Surviving Scheme)
are as follows:
Name of the Scheme Aditya Birla Sun Life Tax Savings Fund Aditya Birla Sun Life Tax Relief ’96
Type of the Scheme An Open Ended Equity Linked Savings Scheme (Lock in An Open ended Equity Linked Savings Scheme with a
period of 3 years) statutory lock in of 3 years and tax benefit
Suitable for investors • investment in equity linked savings scheme (lock in • long term capital growth
who are seeking * period of 3 years) which aims to provide medium to long • investments in equity and equity related securities,
term capital appreciation along with income tax rebate with tax benefit under section 80C, subject to eligibility
• investment predominantly in equity and equity related
securities
*Investors should consult their financial advisers if in doubt about whether the product is suitable for
them.
Investment Objective Aditya Birla Sun Life Tax Savings Fund is an open ended An open ended equity linked savings scheme (ELSS) with
equity linked savings scheme which aims to provide the objective of long term growth of capital through a
medium to long term growth of capital along with income portfolio with a target allocation of 80% equity, 20%
tax rebate. debt and money market securities.
There can be no assurance that the investment objective
of the Scheme will be realized.
Asset allocation and
Instruments Indicative allocations Risk Profile Instrument Target Allocation
Investment Pattern
( % of total assets) Allocation Range
Maximum Minimum Equity and equity 80% 80-100%
related Instruments
Equity and 100 80 High
equity related Debt and Money Market 20% 0-20%
securities Instruments (including
securitised debt)
PSU Bonds / 20 0 High
Debentures* The Fund Manager will review the portfolio for adherence
with the above asset allocation patterns and rebalance
Money Market 20 0 Low to
them within 30 days to conform to the above limits.
Instruments Medium
From time to time it is possible that the portfolio may
* Including Securitised debt of upto 20% of corpus of the
hold cash. The Scheme may also enter into repurchase
scheme
and reverse repurchase obligations in all securities held by
The above percentages will be reckoned at the time of it as per the guidelines and regulations applicable to such
investment and the above allocation is based on a steady transactions. Further the Scheme intends to participate
state situation. It shall be ensured that funds of a scheme in securities lending as permitted under the SEBI (MF)
shall remain invested to the extent of at least 80 percent Regulations, 1996.
in equity and equity related securities. In exceptional
Investments may be made in listed or unlisted instruments.
circumstances, this requirement may be dispensed with by
Securities may be listed on any of the recognised Indian
the Scheme, in order that the interests of the investors are
stock exchanges including the National Stock Exchange
protected.
and the OTCEI. Investments may be made as secondary
Pending investment of funds of a Scheme in the required market purchases, initial public offers, private placements,
manner, the Scheme may invest the funds in short-term negotiated investments, rights offers, etc.
money market instruments or other liquid instruments or
The Mutual Fund under this Scheme may invest in non-
both. After three years of the date of allotment of the units,
publicly offered debt securities (including convertible
the scheme may hold up to 20 percent of net assets of the
securities). The investments may have tenors that could
plan in short-term money market instruments and other
be short-term (i.e. less than one year) or long-term
liquid instruments to enable them to redeem investment
of those unit holders who would seek to tender the units
for repurchase.
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Name of the Scheme Aditya Birla Sun Life Tax Savings Fund Aditya Birla Sun Life Tax Relief ’96
The fund managers will follow an active investment (i.e. greater than one year). The Scheme reserves the right
strategy taking defensive / aggressive postures depending to invest in newer investment products including foreign
on opportunities available at various points of time. On securities (i.e. offshore investments) subject to approval
defensive considerations, the Scheme may invest in money of the Trustee Company and in compliance with the
market instruments and Fixed Deposits of Scheduled Banks applicable SEBI Regulations.
to protect the interest of the investors in the scheme. The Scheme intends to invest in ADR/GDR of Indian
Subject to Regulations, the asset allocation pattern companies subject to a limit based on the net assets
indicated above may change from time to time, keeping of the Mutual Fund in accordance with SEBI Guidelines
in view market conditions, opportunities and political & issued from time to time
economic factors. It must be clearly understood that the The portion of the Scheme’s portfolio invested in each
percentages stated above are only indicative and not type of security will vary in accordance with economic
absolute and that they can vary substantially depending conditions, the general level of stock prices, interest rates
upon the perception of the AMC, the intention being at all and other relevant considerations, including the risks
times to seek to protect the interests of the Unit holders. associated with each investment.
Such changes in the investment pattern will be for short
The Scheme will, in order to reduce the risks associated
term and defensive considerations.
with any one security, utilize a variety of investments
and performance will depend on the Asset Management
Company’s ability to assess accurately and react to
changing market conditions.
Not more than 5% of the net assets of the Scheme may
be invested in equity and equity-related securities that are
not listed on any stock exchange (including the OTCEI).
Any such investments will only be made if the Asset
Management Company believes that such securities may
be listed within a two-year period.
This policy, however, is not applicable to the Scheme’s
acquisition of equity and equity related securities in
initial public offerings that at the time of acquisition are
not yet either listed or quoted on any stock exchange,
but pursuant to the terms of such initial public offering
will be so listed. The Mutual Fund under this Scheme,
will not invest more than 10% of its net assets in the
debt (including non-publicly offered debt securities) and
money market securities of any one issuer excluding call
money.
Upto 5% of the Scheme’s net assets may be invested in
unlisted equity and equity-related securities as stated in
the previous paragraph. Further, since a significant section
of the debt market consists of non-publicly offered debt
securities, the Scheme could invest upto 20% of its net
assets (i.e. its entire allocation to debt and money market
securities) in non- publicly offered debt securities.
Notwithstanding the foregoing investment policies for
the scheme, for temporary defensive purposes (e.g.,
during periods in which the Asset Management Company
believes changes in the securities market or economic or
other conditions warrant), the scheme may invest in Indian
Government T-Bills and hold cash or cash equivalents and
other money market instruments.
The Trustee of the Mutual Fund may from time to time
alter these limitations in conformity with the SEBI (MF)
Regulations, 1996 and other guidelines or notifications
that may be issued by SEBI.
5
Name of the Scheme Aditya Birla Sun Life Tax Savings Fund Aditya Birla Sun Life Tax Relief ’96
Investment Strategy The fund managers will follow an active investment A combination of the top down approach and bottom up
strategy taking defensive / aggressive postures depending approach will be followed in the stock selection process.
on opportunities available at various points of time. On The top down approach will focus on an analysis of
defensive considerations, the Scheme may invest in money macroeconomic factors, economic changes & trends, key
market instruments and Fixed Deposits of Scheduled Banks policy changes, infrastructure spending, etc. The bottom-
to protect the interest of the investors in the Scheme up approach would seek to identify companies with high
profitability and scalability supported by sustainable
competitive advantage.
Portfolio Turnover
The scheme has no explicit constraints either to maintain
or limit the portfolio turnover. Portfolio turnover will
depend upon the circumstances prevalent at any time
and would also depend on the extent of volatility in the
market and inflows/outflows in the scheme. The Fund
Manager will however endeavour to maintain a low
portfolio turnover rate.
Benchmark S&P BSE 100 S&P BSE 200
Inception date March 28, 2004 March 29, 1996
Entry Load NIL
Exit Load NIL
Recurring Expenses As per Regulation 52(6)(c)(i) of SEBI (MF) Regulations, the total expenses of the Schemes, including Investment
Management and Advisory Fees, shall be subject to following limits as specified below:
First Rs. 100 Crs Next Rs. 300 Crs Next Rs. 300 Crs Over Rs. 700 Crs
2.50% 2.25% 2.00% 1.75%
Further, as per Regulation 52(6)(b) of SEBI (MF) Regulations, in case of an index fund scheme, the total expenses of
the scheme including the investment management and advisory fees shall not exceed one and one half percent (1.5%)
of the daily net assets;
In addition to total expense permissible within limits of Regulation 52(6)(c)(i) and (b) of SEBI (MF)
Regulations as above, the AMC may charge the following to the scheme in terms of Regulation 52(6A)
of SEBI (MF) Regulations.
(a) Additional expenses not exceeding of 0.30% of daily net assets may be charged to the Scheme, if the new inflows
from beyond top 30 cities* are at least (i) 30% of gross new inflows in the scheme or (ii) 15% of the average
assets under management (year to date) of the scheme, whichever is higher.
In case inflows from beyond such cities is less than the higher of (i) or (ii) mentioned above, such additional
expense on daily net assets of the scheme shall be charged on proportionate basis in accordance with SEBI
Circular no. CIR/IMD/DF/21/2012 dated September 13, 2012.
The expense so charged shall be utilised for distribution expenses incurred for bringing inflows from such cities.
However, the amount incurred as expense on account of inflows from such cities shall be credited back to the
scheme in case the said inflows are redeemed within a period of one year from the date of investment.
*Beyond Top 30 (B30) cities shall mean beyond top 30 cities based on Association of Mutual Funds in India (AMFI)
data on ‘AUM by Geography - Consolidated Data for Mutual Fund Industry’ as at the end of the previous financial
year.
(b) Brokerage and transaction costs incurred for the execution of trades and included in the cost of investment,
not exceeding 0.12 per cent of the value of trades in case of cash market transactions and 0.05 per cent of the
value of trades in case of derivatives transactions. Thus, in terms of SEBI circular CIR/IMD/DF/24/2012 dated
November 19, 2012, it is hereby clarified that the brokerage and transaction costs incurred for the execution of
trades may be capitalized to the extent of 0.12 per cent of the value of trades in case of cash market transactions
and 0.05 per cent of the value of trades in case of derivatives transactions. Any payment towards brokerage and
transaction costs (including service tax, if any) incurred for the execution of trades, over and above the said 0.12
per cent and 0.05 per cent for cash market transactions and derivatives transactions respectively may be charged
to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under Regulation 52 of the
SEBI (MF) Regulations.
Fund Manager Mr. Ajay Garg
6
Name of the Scheme Aditya Birla Sun Life Tax Savings Fund Aditya Birla Sun Life Tax Relief ’96
Liquidity The investments shall be locked in for a period of 3 years The Scheme will offer for purchase/ switch-in and
from the date of allotment. The Schemes will offer for redemption/switch-out of units at NAV based prices
purchase/switch-in and redemption/ switch-out of units on every Business Day on an ongoing basis. The Mutual
at NAV based prices on every Business Day on an ongoing Fund shall dispatch the Redemption proceeds within
basis. The Mutual Fund shall dispatch the Redemption 10 working days from the date of acceptance of the
proceeds within 10 working days from the date of Redemption request
acceptance of the Redemption request.
Minimum Application N.A. Scheme closed for fresh subscriptions. Purchase (including Switch-in): ` 500/-
Amount/ Number of Additional Purchase/ Repurchase: In multiples of `1/- Additional Purchase (including Switch-in): ` 500/-
Units or 0.001 units (Subject to completion of the 3 years lock- Purchase/ Additional Purchase / Repurchase: In multiples
in period from the date of allotment). of ` 1/- or 0.001 units
Plans/ Plans offered under the Scheme: The Scheme shall Plans offered under the Scheme: The Scheme shall
Options and Default offer Regular Plan and Direct Plan with a common portfolio offer Regular Plan and Direct Plan with a common portfolio
Plan/ Option/ Facility and separate NAVs. and separate NAVs.
Options/Facility offered under Regular and Direct Options/Facility offered under Regular and Direct Plan
Plan: • Dividend (Payout & Sweep)
• Dividend (Payout) • Growth
• Growth Default Option: Dividend Payout
Default Plan:
Investors are requested to note the following scenarios for the applicability of “Direct Plan or Regular Plan” for valid
applications received under the Scheme:
Scenario Broker Code mentioned by the Plan mentioned by the Default Plan to be captured
investor investor
1 Not mentioned Not mentioned Direct Plan
2 Not mentioned Direct Direct Plan
3 Not mentioned Regular Direct Plan
4 Mentioned Direct Direct Plan
5 Direct Not Mentioned Direct Plan
6 Direct Regular Direct Plan
7 Mentioned Regular Regular Plan
8 Mentioned Not Mentioned Regular Plan
Number of Folios (As 6,838 9,00,156
on March 31, 2018)
Assets Under Rs. 25.57 crores Rs. 5,526.69 crores
Management (Rs. In
Crores)
(As on March 31,
2018)
Actual expenses Regular Plan – 2.84% Regular Plan – 2.23%
charged (in %) as on Direct Plan – 2.53% Direct Plan – 1.08%
March 31, 2018
(annualized)
7
Annexure II
ADITYA BIRLA SUN LIFE TAX RELIEF ‘96
(An Open Ended Equity Linked Savings Scheme (ELSS))
Portfolio as on March 31, 2018
Name of the Instrument ISIN Industry^ Quantity Market/Fair Value % to Net Assets
(Rs. in Lacs)
Equity & Equity related
(a) Listed / awaiting listing on Stock Exchanges
Sundaram Clayton Limited INE105A01035 Auto Ancillaries 749,614 36,107.03 6.54%
Honeywell Automation India Limited INE671A01010 Industrial Capital Goods 209,583 35,507.76 6.43%
Gillette India Limited INE322A01010 Consumer Non Durables 536,957 35,211.22 6.37%
Bayer Cropscience Limited INE462A01022 Pesticides 708,260 29,953.38 5.42%
Reliance Industries Limited INE002A01018 Petroleum Products 3,378,411 29,821.23 5.40%
Thomas Cook (India) Limited INE332A01027 Services 9,224,517 26,077.71 4.72%
Johnson Controls – Hitachi Air Conditioning India Limited INE782A01015 Consumer Durables 1,023,742 25,698.48 4.65%
Pfizer Limited INE182A01018 Pharmaceuticals 1,028,741 22,480.05 4.07%
GlaxoSmithKline Pharmaceuticals Limited INE159A01016 Pharmaceuticals 963,295 20,111.19 3.64%
Shoppers Stop Limited INE498B01024 Retailing 3,330,578 17,538.82 3.18%
Biocon Limited INE376G01013 Pharmaceuticals 2,655,532 15,771.20 2.86%
Kotak Mahindra Bank Limited INE237A01028 Banks 1,457,649 15,273.25 2.77%
ICRA Limited INE725G01011 Finance 409,602 14,939.62 2.70%
MRF Limited INE883A01011 Auto Ancillaries 16,705 12,113.34 2.19%
Zee Entertainment Enterprises Limited INE256A01028 Media & Entertainment 1,978,275 11,384.97 2.06%
Maruti Suzuki India Limited INE585B01010 Auto 120,409 10,669.56 1.93%
Shree Cements Limited INE070A01015 Cement 65,824 10,661.15 1.93%
Jet Airways (India) Limited INE802G01018 Transportation 1,692,232 10,301.46 1.87%
IndusInd Bank Limited INE095A01012 Banks 562,963 10,115.04 1.83%
Bosch Limited INE323A01026 Auto Ancillaries 53,270 9,597.95 1.74%
Capital First Limited INE688I01017 Finance 1,437,203 8,852.45 1.60%
HDFC Bank Limited INE040A01026 Banks 461,145 8,697.66 1.57%
Housing Development Finance Corporation Limited INE001A01036 Finance 454,295 8,293.61 1.50%
Century Textiles & Industries Limited INE055A01016 Cement 650,269 7,429.97 1.35%
Yes Bank Limited INE528G01027 Banks 2,422,226 7,384.16 1.34%
Larsen & Toubro Limited INE018A01030 Construction Project 539,115 7,067.26 1.28%
ICICI Bank Limited INE090A01021 Banks 2,254,092 6,274.27 1.14%
Grasim Industries Limited INE047A01021 Cement 577,991 6,074.11 1.10%
Tata Consultancy Services Limited INE467B01029 Software 207,046 5,899.05 1.07%
Hindustan Unilever Limited INE030A01027 Consumer Non Durables 426,207 5,682.83 1.03%
Kansai Nerolac Paints Limited INE531A01024 Consumer Non Durables 1,122,957 5,679.92 1.03%
Procter & Gamble Hygiene and Health Care Limited INE179A01014 Consumer Non Durables 54,419 5,200.14 0.94%
Bata India Limited INE176A01028 Consumer Durables 679,249 4,958.18 0.90%
Axis Bank Limited INE238A01034 Banks 882,422 4,504.76 0.82%
HCL Technologies Limited INE860A01027 Software 312,259 3,024.54 0.55%
Cummins India Limited INE298A01020 Industrial Products 427,015 2,990.17 0.54%
Infosys Limited INE009A01021 Software 232,176 2,627.77 0.48%
Tata Motors Limited INE155A01022 Auto 763,263 2,494.73 0.45%
Bharat Financial Inclusion Limited INE180K01011 Finance 182,181 1,998.25 0.36%
Sun Pharmaceutical Industries Limited INE044A01036 Pharmaceuticals 366,168 1,812.90 0.33%
Ashok Leyland Limited INE208A01029 Auto 1,180,709 1,717.34 0.31%
ITC Limited INE154A01025 Consumer Non Durables 669,947 1,711.71 0.31%
Vedanta Limited INE205A01025 Non - Ferrous Metals 526,072 1,461.69 0.26%
8
ADITYA BIRLA SUN LIFE TAX RELIEF ‘96
(An Open Ended Equity Linked Savings Scheme (ELSS))
Portfolio as on March 31, 2018
Name of the Instrument ISIN Industry^ Quantity Market/Fair Value % to Net Assets
(Rs. in Lacs)
Mahindra & Mahindra Limited INE101A01026 Auto 162,282 1,199.10 0.22%
Aditya Birla Capital Limited INE674K01013 Finance 713,153 1,040.85 0.19%
Container Corporation of India Limited INE111A01017 Transportation 74,800 931.33 0.17%
IDFC Limited INE043D01016 Finance 1,325,638 646.25 0.12%
Bharat Bijlee Limited INE464A01028 Industrial Capital Goods 41,208 619.11 0.11%
United Breweries (Holdings) Limited INE696A01025 Finance 1,438,556 158.24 0.03%
Sub Total 515,766.76 93.38%
(b) Unlisted
Magnasound (I) Limited ** # Miscellaneous 3,000 0.00 $0.00%
Sub Total 0.00 $0.00%
Total 515,766.76 93.38%
Others
CBLO / Reverse Repo
Clearing Corporation of India Ltd 32,511.10 5.89%
Sub Total 32,511.10 5.89%
Total 32,511.10 5.89%
Net Receivables / (Payables) 4,060.85 0.74%
GRAND TOTAL 552,338.71 100.00%
** Thinly Traded / Non Traded Security
# Unlisted Security
$ Less Than 0.01% of Net Asset Value
^Industry classification as recommended by AMFI and wherever not available, internal classification has been used
9
Annexure II
ADITYA BIRLA SUN LIFE TAX SAVINGS FUND
(An Open Ended Equity Linked Savings Scheme)
Portfolio as on March 31, 2018
Name of the Instrument ISIN Industry Quantity Market/Fair Value % to Net Assets
(Rs. in Lacs)
Equity & Equity related
(a) Listed / awaiting listing on Stock Exchanges
Sundaram Clayton Limited INE105A01035 Auto Ancillaries 4,064 195.75 7.65%
Honeywell Automation India Limited INE671A01010 Industrial Capital Goods 1,122 190.09 7.43%
Gillette India Limited INE322A01010 Consumer Non Durables 2,574 168.79 6.60%
Bayer Cropscience Limited INE462A01022 Pesticides 3,305 139.77 5.47%
Johnson Controls – Hitachi Air Conditioning India Limited INE782A01015 Consumer Durables 5,144 129.13 5.05%
Thomas Cook (India) Limited INE332A01027 Services 43,875 124.03 4.85%
Reliance Industries Limited INE002A01018 Petroleum Products 13,460 118.81 4.65%
Pfizer Limited INE182A01018 Pharmaceuticals 5,200 113.63 4.44%
GlaxoSmithKline Pharmaceuticals Limited INE159A01016 Pharmaceuticals 4,207 87.83 3.43%
Biocon Limited INE376G01013 Pharmaceuticals 14,623 86.85 3.40%
Shoppers Stop Limited INE498B01024 Retailing 16,285 85.76 3.35%
ICRA Limited INE725G01011 Finance 2,155 78.60 3.07%
Kotak Mahindra Bank Limited INE237A01028 Banks 7,211 75.56 2.95%
MRF Limited INE883A01011 Auto Ancillaries 92 66.71 2.61%
Zee Entertainment Enterprises Limited INE256A01028 Media & Entertainment 9,845 56.66 2.22%
Maruti Suzuki India Limited INE585B01010 Auto 599 53.08 2.08%
IndusInd Bank Limited INE095A01012 Banks 2,896 52.03 2.03%
Jet Airways (India) Limited INE802G01018 Transportation 8,470 51.56 2.02%
Bosch Limited INE323A01026 Auto Ancillaries 268 48.29 1.89%
HDFC Bank Limited INE040A01026 Banks 2,371 44.72 1.75%
Housing Development Finance Corporation Limited INE001A01036 Finance 2,348 42.87 1.68%
Yes Bank Limited INE528G01027 Banks 12,496 38.09 1.49%
Larsen & Toubro Limited INE018A01030 Construction Project 2,690 35.26 1.38%
Century Textiles & Industries Limited INE055A01016 Cement 3,073 35.11 1.37%
ICICI Bank Limited INE090A01021 Banks 11,633 32.38 1.27%
Capital First Limited INE688I01017 Finance 4,920 30.30 1.19%
Shree Cements Limited INE070A01015 Cement 187 30.29 1.18%
Grasim Industries Limited INE047A01021 Cement 2,880 30.27 1.18%
Tata Consultancy Services Limited INE467B01029 Software 1,027 29.26 1.14%
Procter & Gamble Hygiene and Health Care Limited INE179A01014 Consumer Non Durables 306 29.24 1.14%
Hindustan Unilever Limited INE030A01027 Consumer Non Durables 2,117 28.23 1.10%
Bata India Limited INE176A01028 Consumer Durables 3,555 25.95 1.01%
Kansai Nerolac Paints Limited INE531A01024 Consumer Non Durables 4,886 24.71 0.97%
Axis Bank Limited INE238A01034 Banks 4,500 22.97 0.90%
HCL Technologies Limited INE860A01027 Software 1,744 16.89 0.66%
Cummins India Limited INE298A01020 Industrial Products 2,403 16.83 0.66%
Infosys Limited INE009A01021 Software 1,397 15.81 0.62%
Tata Motors Limited INE155A01022 Auto 4,246 13.88 0.54%
Bharat Financial Inclusion Limited INE180K01011 Finance 1,002 10.99 0.43%
Sun Pharmaceutical Industries Limited INE044A01036 Pharmaceuticals 2,216 10.97 0.43%
ITC Limited INE154A01025 Consumer Non Durables 4,013 10.25 0.40%
Ashok Leyland Limited INE208A01029 Auto 6,533 9.50 0.37%
Vedanta Limited INE205A01025 Non - Ferrous Metals 2,944 8.18 0.32%
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