Invest in Birla Sun Life Tax Relief 96 Online
BSL Tax Relief 96 - Best among the 80C investments
During Jan – Mar period, every salaried individual hunts for a tax saving instrument. Sometimes also a question arises, is this tax saving bucket (Section 80C) large enough or important enough? This 80C investment is not a small amount (if you invest entire 1.5 lacs) and should be considered as a serious investment in your portfolio rather than just a tax saving investment. So all the salaried individuals who save majorly through the traditional Section 80C investment instruments, investment can get much more than just tax benefit, so it's critical to choose the right investments within the options offered in this bucket.
Plethora of products that give you Section 80C benefit
When you go to an automobile showroom to purchase a car, you are handed over with a pamphlet which talks about features of various variants and priced accordingly. Similarly your 80C investment basket consists of plethora of options. Just like you diligently go through the car pamphlet and choose the variant which suits your needs, similarly you should make a wise decision before choosing your Section 80C investment.
| Some Popular 80C investments | |||||||
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| ELSS (BSL Tax Relief 96) | PPF | Fixed Deposit | Post office Deposit | National Savings Certificate | Notes | Is this a favorable comparison |
| Minimum Investment | INR 500 | INR 500 | INR 100 | INR 100 | INR 100 | All of the options give convenience of making a small investment |
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| EEE taxation benefit | Yes | Yes | No | No | No | This is a very important tax benefit, as you get what you are entitled to. |
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| Lock-in Tenor to reap complete tax benefit | 3 Years | 15 Years | 5 Years | 5 Years | 5 Years | Smaller the lock-in, more the liquidity |
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| Rate of Return | Market Linked | 8.7% fixed | Varies across banks in range of 8% to 9.5% | 8.5% Fixed | 8.5% Fixed | Fixed Returns might end up being lower than inflation rate. Market linked returns over long term give double digit growth to your portfolio |
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| Guaranteed Return | No | Yes | Yes | Yes | Yes | Investments in ELSS are linked to market return, hence no guarantee |
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| Ability to Beat Inflation | Yes | No | No | No | No | Over Long periods, only equities have proven track record to beat inflation |
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| Ability to Achieve Life Goals | Yes | No | No | No | No | Power of Compounding along with high returns works wonders. For disciplined investment, No dream is a Big dream |
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BSL Tax Relief 96: An investment that can give you
v The Equity Advantage: Participation in equity stocks for a long term helps you create substantial wealth due to compounding effect of high returns.
v Tax Benefits: Save tax up to INR 50,985 per annum
v Get Tax free dividends
v Lowest Lock-in period: More liquidity compared to other 80C investments
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
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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