Do you find yourself stuck in not been able to garner effective returns? Not happy with the fixed deposit or post-office returns. Want a different favourable avenue in maximizing your returns? Well, consider investing in Birla Sun Life Mutual Fund schemes for making your ends meet. In order to start with your investment, look for the annualized performance of entire funds. However past performance has no specific relevance but it will show you the methodology of handling funds by the fund manager over a period of time. Afterall, it will be a bold step for you in selecting your own desired fund.
Let's check out the various varieties of Birla Sun Life Mutual Fund Schemes:
Birla Sun Life Mutual Fund Schemes
1. Savings/Debt Funds : Do you consider savings your high priority? If yes, select debt funds of Birla Sun Life Mutual Fund which offer you immediate liquidity and better tax-efficient returns as against fixed deposits and bank accounts. The investors having a low-medium risk and high liquidity generally prefer investing in that scheme. There are total of eight 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 regular income source? Invest in regular income funds which provide you alternate solutions of providing a regular income, either in your current scenario or after the retirement stage. For a conservative investor, regular income plans are a preferred composition for you.
There are only two regular income plans offered by Birla Sunlife Mutual Fund:
- Birla Sun Life MIP II – Savings 5 Plan
- Birla Sun Life Monthly Income
3. Tax Savings: Nobody wishes to pay voluminous tax instead look for opportunities to save. Consider tax savings plan for your investment which can minimize your tax weightage and hence grow your regular income by investing in equities. Therefore, tax Saving comes as an option where investors can save upto ₹ 53,303 per annum in taxes and can engender wealth in equity markets. No doubt, tax savings can help you to save upto ₹ 53,303 per annum in taxes with an annual tax concession of upto ₹1.50 lakhs according to the norms of the Income Tax Act, 1961. Avail tax benefits through Birla Sun Life tax plan naming, Birla Sun Life Tax Relief 96 that helps you to generate your wealth in addition to tax saving.
With a 3-year lock-in period from the date of allotment, this open ended Equity Linked Savings Schemes (ELSS) invests approx. 80-100% in Equities & Equity related securities & remaining 0-20% in Debt & Money Market instruments.
After deducting the possible qualifying amount i.e., ₹ 1.50 lakh, you may avail the tax savings of ₹ 53,303 & moreover, it will come under the top income tax slab of 30% which too consider applicable cess. And if your income goes beyond ₹ 1 crore, then you may liable to bear the surcharge of 12% .
However, consulting a tax advisor would be the best option at last in order to assess the individual nature of tax advantage. And that too would cover under the provisions of Section-80C of the Income Tax Act, 1961.
4. Wealth Creation : Are you planning to multiply your wealth? Consider investing in wealth creation plans provided by Birla Sun Life Mutual Fund which focusses towards multiplying your money by investing in equity/gold investments falling in the category of conservative to aggressive options.
Now planning your future expenditures is not that tough. However, you can plan your future goals relating to financing your child's higher education, marriage or buying a home at ease. These solutions accommodate your requirements in the range of aggressive to conservative options under equity/gold investments.
Here are the Wealth Creation funds offered by Birla Sun Life Mutual Fund which are enlisted 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
Is it good enough exhausting your income in mutual fund schemes? Of course, you will think twice before doing the same. It's better to consider Systematic Investment Plan(SIP) for investing which gives you peace of mind and also making it possible for investors to build a corpus for a particular time period chosen by them. In fact, SIP is the best option for instilling a disciplinary form of investing.
Disclaimer: Mutual Fund Investments are subject to market risks, read all scheme related documents carefully before investing.
No comments:
Post a Comment