Birla Sun Life Tax Relief '96.

Birla Sun Life Tax Relief '96 is one of the schemes that we are promoting very aggressively for Tax Planning Season. It is a Mutual Fund Tax Saving scheme that was launched by Birla Sune Life in 1996. The schme has a lock in of 3 years. It is ranked as World's Best Performing Equity Fund by "Lipper" for its 13 years performance.

Highlights of the Scheme:

• Tax Saving.
• Wealth Creation.
• Strong Dividend History - 2200% Dividend Declared Since Inception.

Under Section 80C, you can invest upto Rs. 1 lakh in this Equity Linked Saving Scheme (ELSS) and thus save tax of Rs. 30,900.

Comparison with other Tax Saving Instruments:

Since Inception (29 March 1996), BSL Tax Relief '96 has given CAGR return of 32.57% as against the benchmark (BSE 200) 13.63%.  Thus if one had invested Rs. 1 lakh in this scheme on 29 March 1996, then its value as on 31 Oct 2009 would be Rs. 5.68 Lakh in Benchmark (BSE 200 - 13.63% CAGR) and would be Rs. 46.22 lakh in BSL Tax Relief 96 (32.57 CAGR).

Dividend History:

 

We strongly recommend our clients to invest in this scheme and tax advantage in saving tax liability and creating your wealth. Do let us know if you have any requirement in Tax Planning. We will be happy to serve you.

Thanks,
Nimesh.

Disclaimer: Mutual Fund Investment are subject to Market Risk, please read the SID before investing. Past Perfomance may or may not be sustainable in Future.