Birla Sun Life Tax Relief 96 Mutual Fund

A fund that provides an opportunity to save tax while growing your money through Equity investments.

Birla Sun Life Tax Relief 96 Mutual Fund - Highlights

Long term capital growth
Investments in equity and equity related securities, with tax benefit under section 80C, subject to eligibility

Who said a promotion or an appraisal is the only way to increase your monthly take home? Investing in Birla Sun Life Tax Relief '96 (BSL Tax Relief '96) could help you do this as well. You can save up to Rs. 53,303/- per annum in taxes and also aim to create wealth with equity markets! Section 80C of the Income Tax Act, 1961 provides options to save tax by reducing your taxable income by up to Rs. 1.5 Lakh.

Tax saving of Rs. 53,303/- is calculated assuming qualifying amount of deduction is Rs. 1.50 Lakh and investor falls in the top income tax slab of 30% and includes applicable cess. 12% surcharge is also taken into account which is applicable if the income of the investor is over Rs. 1 Crore.

Birla Sun Life Tax Relief 96 Mutual Fund - Highlights

Tax benefit under Sec 80C
Lock in period of 3 years
Available in SIP and lump sum investment options

Tax Saving:With BSL Tax Relief '96, you can save tax up to Rs. 53,303/- per annum under Section 80C of the Income Tax Act, 1961.

Low lock-in period: CCompared to traditional tax saving instruments like Public Provident Fund (PPF), National Savings Certificate (NSC) and bank fixed deposits; the lock-in period of an ELSS scheme is much lower.

Investment Option	Lock-in Period (years)
Public Provident Fund (PPF)	15
National Savings Certificate (NSC)	6
Bank Fixed Deposits	5
Equity Linked Savings Scheme	3

PPF: Partial withdrawals are allowed from the 6th financial year, however the full amount can be withdrawn after 15 years.

Aim to Create Wealth: ELSS are diversified equity schemes and can help you create wealth over the long-term.

Nature of scheme	An Open ended Equity Linked Savings Schemes (ELSS) with a lock-in of 3 years from the date of allotment.
Inception Date (Date Of Allotment)	29-March-1996
Scheme Objective	A fund that provides an opportunity to save tax while growing your money through Equity investments.
Asset Allocation	80-100%: Equities & Equity related securities. 0-20%: Debt & Money Market instruments
Fund Manager	Mr. Ajay Garg
Investor Risk Profile	Medium to High
Investment Plans / Options	Dividend (Reinvestment, Payout & Sweep) Growth
Investment Option by default	Dividend Payout
Minimum subscription amount	Rs.500/- and in multiples of Re. 1/- thereafter
Minimum additional investment	Rs. 1,000/- and in multiples of Re. 1/- thereafter
Entry Load*	Nil
Exit Load	Nil
Benchmark	BSE 200
Indicative Dividend Calendar	At the Discretion of Trustees.
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.