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Retail Products
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Alternative to my bank A/c
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BSL Cash Manager
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Learn More
BSL Cash Manager - Learn More
Learn More
Portfolio
Special Facilities
Scheme Features
Tax Efficient Dividends
Here's an example showing the growth of
1 lakh kept for 3 months in Savings Account v/s BSL Cash Manager – Retail Weekly Dividend Option
Savings A/C
Your post-tax gain:
691
BSL Cash Manager
Your post-tax gain:
1,000
- You can be taxed upto 30.90% on returns if you belong to the highest tax bracket.
- Tax free returns in the daily and weekly dividend option
- Interest credited on monthly or quarterly basis.
- Choice to earn returns daily or weekly through the daily / weekly dividend options.
Above workings are for illustration purposes only and based on prevailing taxation laws. For individual nature of tax implications, investors are requested to consult their tax advisor before investing.
For Savings A/c:
Post tax gain computed assuming 4% p.a. interest on
1 lakh. (source: www.statebankofindia.com, as on 31-Oct-11) and the individual investor belongs to highest tax bracket. As per current RBI guidelines, banks are required to offer a uniform interest rate on savings bank deposits of upto Rs 1 lakh, whereas interest rate
1 lakh of savings bank deposits, may vary from bank to bank. This applies to savings bank deposits of resident Indians only.
For BSL Cash Manager-Retail Weekly Dividend Option:
Post tax gain computed based on actual dividends paid to
individual investor
in BSL Cash Manager - Retail Weekly Dividend from 1 Aug 11 to 31 Oct 11. For dividend option, returns are tax-free in the hands of investors. However, dividend distribution tax of 13.5188% is deducted in case of
individual investors
by the fund house.
Past performance may or may not be sustained in the future.
High Liquidity
You can withdraw your investment in BSL Cash Manager at any time without any charge. You can avail of the direct credit facility to your bank A/c and the withdrawn amount normally gets credited to your bank within one working day if you give us a withdrawal request before 3 p.m.
For the latest load structure applicable to the scheme, please visit
www.birlasunlife.com
Highest Safety Rating
BSL Cash Manager invests your money in highly rated Corporate Bonds, Bank Certificate of Deposits etc. In fact, CRISIL – a reputed credit rating agency has given it the
AAAmfs
rating (This means that the investments of the scheme, provide very strong protection against losses from credit defaults).
New Investor
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