Are you willing to invest in Birla Sun Life Mutual Fund just because of the brand name “ Birla” attached to it? Don't just stick to the brand but check the past performance of every fund, giving you a basic idea whether to consider or not? Although past performance has no relevance for the future as it gives you an overview of the pattern of handling funds by the fund manager which can instill confidence in you to take a step forward for picking your own desired fund.
Let's take a look at Birla Sun Life Mutual Fund Schemes:
Birla Sun Life Mutual Fund Schemes
1. Savings/Debt Funds : Is savings on your mind? If yes, then consider investing in savings solutions which provide you instant liquidity and superior tax-efficient returns as compared to bank accounts and Fixed deposits. Investors with a low-medium risk and high liquidity usually prefer to invest in such scheme.
The following are the eight debt funds offered by Birla Sun Life Mutual Fund :
- Birla Sun Life Cash Manager
- Birla Sun Life Cash Plus
- Birla Sun Life Corporate Bond Fund
- Birla Sun Life Dynamic Bond Fund
- Birla Sun Life Income Plus
- Birla Sun Life Medium Term Plan
- Birla Sun Life Savings Fund
- Birla SunLife Short Term Fund
2. Regular Income: Want to have a steady source of income? Consider investing in regular income funds which offers you alternative modes of providing steady income, either in your present situation or after retirement stage. If you are a conservative investor, regular income plans must be an appropriate solution for you.
There are only two regular income plans provided by Birla Sunlife Mutual Fund:
- Birla Sun Life MIP II – Savings 5 Plan
- Birla Sun Life Monthly Income
3. Tax Savings: It's painful to accept that majority of our income comes under the tax bracket? Nobody intends to pay huge amount of tax instead find avenues to save. Invest in tax savings plan which will help you to reduce your tax burden and multiply your regular income only by investing in equities. Tax Saving is one such alternative where investors can save upto ₹ 53,303 per annum in taxes and can generate wealth in equity markets. Moreover, you will get a tax rebate of upto ₹1.50 lakhs as per the provisions of the Income Tax Act, 1961. Birla Sun Life Mutual Fund offers tax advantages through Birla Sun Life tax plan naming, Birla Sun Life Tax Relief 96 that helps you to create your wealth along with tax saving.
It is an Open-ended Equity Linked Savings Schemes (ELSS) which comes with a lock-in period of 3 years from the date of allotment. It invests approx. 80-100% in Equities & Equity related securities & remaining 0-20% in Debt & Money Market instruments.
After excluding the possible qualifying amount, i.e., ₹ 1.50 lakh, you may get the tax savings of ₹ 53,303 & moreover, it will fall under the top income tax slab of 30% which also involves applicable cess. In case, if your income exceeds ₹ 1 crore, then you may liable to incur the surcharge of 12% .
It's best to consult your tax advisor before assessing the individual nature of tax benefits. However, would be subject to the provisions of Section-80C of the Income Tax Act, 1961.
4. Wealth Creation : Do you wish to grow your wealth? Consider investing in wealth creation plans offered by Birla Sun Life Mutual Fund which aims to grow your money by investing in equity/gold investments coming in the category of conservative to aggressive options.
Now you have the opportunity to plan out your future expenditures such as financing for your child's higher education, marriage, purchasing a home etc. These solutions adjust your needs in the range of aggressive to conservative options under equity/gold investments.
The top nine Wealth Creation funds provided by Birla Sun Life Mutual Fund are as follows:
- Birla Sun Life Balanced ‘95 Fund
- Birla Sun Life Dividend Yield Plus
- Birla Sun Life Equity Fund
- Birla Sun Life Equity Savings Fund
- Birla Sun Life Frontline Equity Fund
- Birla Sun Life Infrastructure Fund
- Birla Sun Life Manufacturing Equity Fund
- Birla Sun Life Midcap Fund
- Birla Sun Life MNC Fund
Birla Sun Life SIP
At times, it becomes difficult for the salaried class individuals to put all their hard-earned money in mutual fund schemes. Now with the provision of Systematic Investment Plan, it is possible to do so. Keeping investors concern in mind, several asset management companies including Birla Sun Life mutual fund have made it possible for general investors to comfortably invest through SIP.
Systematic Investment Plan is a financial planning option which helps the investor to build their wealth by investing a small amount of money every month over a specified period of time. In fact SIP inculcates disciplinary approach to investing.
Disclaimer: Mutual Fund Investments are subject to market risks, read all scheme related documents carefully before investing.
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