Friday, February 17, 2017
Webinar - Nifty Fractal Nature and Trend Ahead!
Most Advanced Technical analysis Training on Elliott wave, Neo wave and Hursts Time Cycles- Identifying trading opportunities with various indicators. Learn more
Thursday, February 16, 2017
Tax benefits & Reasonable Returns!
Only saving tax under section 80 c cannot
help because there are various other means to save tax. An important benefit of
investing in ELSS fund is that u get exposure to the stocks of the fund and
also tax benefits. Why to solve only one purpose when one can get double. It’s
time to fasten up the seat belts, accelerate and enter the world of the below
fund to experience the best journey!!
Birla Sun Life Tax Relief 96 is an open ended Equity
Linked Saving Scheme (ELSS) with 98.55% exposure to equity.
Portfolio Analysis: The fund aims to generate returns by investing in complete equity with maximum exposure to Banking/Finance and Automotive sector.
Risk Profile: This fund is considered as “Risk Fund” due to complete exposure to equity instruments, therefore it’s suitable for investors who are looking for Tax benefits.
Taxation
Perspective: Birla Sun Life Tax Relief 96 is
ELSS fund
is where investor is eligible for tax exemptions
up to 150,000 INR under section (u/s) 80C of the Indian
Income Tax Act, 1961 if they stay invested for three years or more. ELSS Funds are also eligible for Long Term
Capital Gains which will be treated tax free as the holding will be more than
one year. The Dividend earned from ELSS funds is also treated as tax free.
Investment
Rationale: Birla Sun Life Tax Relief 96
fund has shown some outperformance despite of no clear trend in the Indian
Equity Markets. We can expect the same
in this fund to continue for next few weeks and one leg is still pending on
downside which should provide excellent buying opportunities for lump sum
investors.
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