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Wednesday, March 9, 2016

Birla SunLife Tax Relief 96 Fund Online

Invest in Birla SunLife Tax Relief 96 Fund Online
 

20 years is a long period, and especially when you are part of a journey which is called the stock markets. If you were a part of this 20 year ride with BSL Tax Relief '96 Fund, currently managed by Mr. Ajay Garg, your experience would have been not only fulfilling but hugely rewarding too. The fund (Inception date: 29 March 1996) with a lock-in of 3 years, offers twin benefits of capital appreciation with additional benefits of taxation u/s 80C. It's time we reflect back over this 20 year period and acknowledge the feat achieved by the master of ELSS category.

 

The fund is declaring its yearly Dividend, an amount of Rs 6.5/U maintaining an yield of ~5.2% (RegDiv Plan), record date being 11th March 2016. Following are few key features of this fund:

 

·         With an AUM of Rs 1,928 crores, BSL Tax Relief 96 Fund has helped building wealth, by delivering a phenomenal return of ~13% - 22% (Div option - CAGR as of 03 March 2016) in the last 3-5 years  vs 8.70% - 8.80% offered by PPF and 8.50% - 8.80% offered by NSC.

 

·         The ELSS category provides the benefit of realizing some potential gain during the lock-in period in the form of Dividend Payout. BSL Tax Relief '96 Fund has declared 15 dividends till date amounting to Rs. 241.25, as additional tax-free cash flow.

 

·         A monthly SIP of Rs 10,000 since inception has grown to around Rs 3.4 Crores for a principal investment of Rs 23.9 Lakhs delivering an annualized return of 22.7% vis-à-vis 12.5% by S&P BSE 200 (SIP Period – April'96 – Feb'16; Report as on 29 Feb 2016).

·         Please find a comparison of BSL Tax Relief 96 Fund vs other traditional tax saving instruments u/s 80 C:

 

Particulars

BSL Tax Relief 96 Fund (ELSS)

Public Provident Fund (PPF)

National Savings Certificate (NSC)

Tenure

3 years

15 years

6 years

Return

13% - 22% or higher(Market linked)

8.70% - 8.80%* p.a.

8.50%   - 8.80%
(Compounded half-yearly)

Minimum Investment

Rs 500

Rs 500

Rs 100

Maximum Investment

No Limit

Rs 1,50,000

No Limit

Amount eligible u/s 80C

Rs. 1,50,000

Rs. 1,50,000

Rs 1,50,000

Taxation for Interest

Dividend and Capital Gain tax free

Tax free

Taxable

Lock-in period

3 years

15 Years - Partial Withdrawal after 6 years is permitted

6 years

All rates shown above have been compounded wherever applicable. *There is no upper limit on investments. However, investments of only upto Rs.1,50,000 per year are allowed to be claimed as deductions u/s 80C of Income Tax Act, 1961.

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

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

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