Mutual Fund Investment: What are Tax Savings Solutions?

Mutual Fund Investment: What are Tax Savings Solutions?

Birla Sun Life MF Tax Savings Solutions

What are Tax Savings Solutions?

Birla Sun Life MF Tax Savings Solutions help to reduce your tax burden and at the same time, aim to grow your money through equity investments.

Who can benefit from Tax Savings Solutions?

Tax saving is important, especially when investors can save up to Rs. 53,303 in taxes! Section 80C of the Income Tax Act, 1961 provides options to save tax by reducing the taxable income by up to Rs. 1.5 lakh.

But, wealth creation is also important. Is not it?

That’s why this solution is ideal for investors who would like to create wealth along with tax saving.

Tax savings of Rs. 53,303 is calculated assuming qualifying amount of deduction is Rs.  1.5 lakh & investor falls in the income slab of over

Rs. 1 Crore & includes applicable cess & surcharge.

Investors are advised to consult their tax advisor in view of individual nature of tax benefits.

Further, Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future.

The rates are applicable for the financial year 2016-17.

The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance / returns.

Benefits of Tax Savings Solutions:

1. Low lock-in period..!

Your money is locked-in for just 3 years, as against the much longer lock-in periods in other options.

2. Potential to earn dividends..!

 While your money is locked-in for 3 years, you may opt for the dividend option and can receive returns in the form of tax-free dividends during this time. This feature is unique only to tax saving solutions from mutual funds.

3. Earn market linked returns..!

Since investments are made in stocks of Indian companies, the value of your investment moves with the stock market. Although it comes with market related risks, your money is diversified i.e. spread out across stocks of multiple companies and is being monitored by an investment expert with an aim to minimize such risks.

3. Tax-free returns..!

 When you withdraw your investment after 3 years, the returns are totally tax free. Yes, you save taxes on both, your initial investment and also on the returns.

Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein.

Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future.

Investors are advised to consult their tax advisor in view of individual nature of tax benefits.

The Financial Solution (Savings Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance / returns.

Mutual Fund: Birla Sun Life Mutual Fund.

Asset Management Company/Investment Manager:

Birla Sun Life Asset Management Company Ltd.

CIN: U65991MH1994PLC080811.

Registered Office: One India Bulls Centre, Tower - 1, 17th Floor, Jupiter Mill Compound, 841, S. B. Marg,

Elphinstone Road, Mumbai - 400013.

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

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