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Birla Sun Life Tax Relief 96


(An Open Ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years)

This product is suitable for investors who are seeking:
  • long term capital growth
  • investments in equity and equity related securities, with tax benefit under section 80C, subject to eligibility.
  • High risk       (BROWN)
investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Note: Risk is represented as:
(BLUE) investors understand that
their principal will be at low risk
(YELLOW) investors understand that
their principal will be at medium risk
(BROWN) investors understand that
their principal will be at high risk
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. 46,350/- 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. 46,350 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.
 
Here is something special that we have to offer. By investing in BSL Tax Relief '96 via Century SIP, eligible investors can not only save on taxes, but also stand a chance to get Life Insurance cover up to Rs. 20 Lakhs, at no extra cost.
 
Birla Sun Life Century SIP is a facility, in addition to the conventional SIP facility, offered under designated schemes which can give the benefit of Life Insurance cover to eligible investors.
 
 
Highlights
 
  
 
Tax Saving: With BSL Tax Relief '96, you can save tax up to ` 46,350/- per annum under Section 80C of the Income Tax Act, 1961.
 
Low lock-in period: Compared 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)
5
National Savings Certificate (NSC)
5/10
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PPF: Partial withdrawals are allowed from the 6th financial year, however the full amount can be withdrawn after 15 years.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.
 
Start Small:You can also start small with as little as Rs. 5000 as a lump sum amount or Rs. 1000 via Systematic Investment Plans (SIP) or Century SIP.
 
Life insurance at no extra cost: Investing in BSL Tax Relief '96 via Century SIP can give you the extra benefit of a complimentary Life Insurance cover apart from just helping you build wealth through systematic investments. 100x: You can get Life Insurance cover up to 100 times your monthly installment. Here's how the Life Insurance cover works for you:
 
  • 1st Year: 10 times the monthly SIP amount
  • 2nd Year: 50 times the monthly SIP amount
  • 3rd Year and Beyond: 100 times the monthly SIP amount
 
SIP amount
 
The Life Insurance cover stops after you reach the age of 55. In case of an unfortunate event, the beneficiary will get the insurance amount plus the fund value.
 
Large Cover: Your total Life Insurance cover can be up to a maximum of Rs. 20 Lakhs across all schemes/plans/folios.
 
Hassle-free: There are no medical tests required, making it a hassle-free insurance. Only a genuine 'Good Health Declaration' is to be signed by the investor as given in the application form.
 
The cost of the Life Insurance cover will be entirely borne by Birla Sun Life Asset Management Company Ltd.

Disclaimer

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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The views, opinions and recommendations mentioned herein are those of the Investment Advisor alone and should not be construed as investment advice to any party and are not necessarily those of Birla Sun Life Asset Management Company Ltd.(BSLAMC) or any of their officers, employees, personnel, directors and further, BSLAMC / its subsidiaries / affiliates / sponsors / trustee or their officers, employees, personnel, directors make no representation or warranty, express or implied, as to the accuracy, completeness or reliability of the content and shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of such information.

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Declaration


The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Birla Sun Life Mutual Fund (BSLMF), securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America ("US") and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under the US Securities Act of 1933, as amended) and persons of Canada.

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