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Friday, December 18, 2015

Birla Sun Life Tax Relief 96 - A ELSS Fund

 

Birla Sun Life Tax Relief 96 - Invest Online

History: The fund was introduced into the market on 29th March 1996 and is benchmarked against BSE 200. Initially it was a close ended scheme but later on was converted into open ended from July 1999. It is being managed by the fund manager Ajay Garg since October 2006. Earlier he worked for the Birla Sun life securities LTD.
Nature of investment:

Majority of the stocks is invested in equity based instruments and the rest are assigned to the debt category for stabilized returns. It is a four star fund with an expense of 2.36% on the growth of the assets. As far as the risk grade is concerned, it is average and the riskometer is moderately high.

Performance:

The fund has consistently outwitted the benchmark figures since its inception. For instance one year, 3 year and 5 years growth figures 21.79%, 24.52% and 10.52% of the scheme are far better than the 6.44%, 13.97% and 5.61% growth rates of the benchmark. Returns of its peers are enumerated below:

                                                                                  1 year               3 year               5 year

Franklin India Tax shield fund:                  18.03%           23.54%               13.87%

ICICI prudential long term equity fund:  8.62%            21.92%               11.86%

Birla sun life is a recent performer as the 5 year returns show that it is outsmarted by its competitors.

Portfolio: 32.02% of stocks are invested in the giant cap segment while 21.35% is assigned to the large companies. Similarly, 33.12% of the stocks belong to the mid cap category. As far as the risk grade is concerned it is average.

Conclusion: If you want to save tax under the section 80C, investing amount exceeding Rs 100,000 is a wise move. Putting money at the rate of Rs 194 per unit will provide dividend of Rs 100. As a result, you can obtain 50,000 and avail the tax benefits on full amount.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

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