Aditya Birla Sun Life AMC Limited

Have you started on your tax planning? - ABSLMF Blog

Have you started your tax planning already

Feb 28, 2018
5 mins | Views 134

This is John, satisfied with his salary, he wants to save his tax amount now.

John: Okay! So I have a lot of options now. Like 5 year tax saving fixed deposit, national saving scheme certificate, PPF account, Equity Linked Saving Scheme (ELSS) etc. And I am totally confused about where to invest my money.

John: Hey Smith, Help me! I am totally confused about an investment that can help me with tax saving as well as its growth.

Smith: Calm Down John! Don’t worry. There are a lot of options available in the market but I suggest you to read more about ELSS.

John: YES! I read about ELSS. But I am not confident on it

Smith: You may consider Aditya Birla Sun life Tax Relief fund ’96 (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit):

  • It is one of the oldest tax-saving schemes in the industry with a consistent track record of generating superior risk-adjusted returns.
  • The Fund is managed by professionals which has diversified portfolios of quality companies.
  • You can start by investing in SIP with as little as Rs 500 per month.

John: Now I get it! So its final, I’ll invest in ELSS.

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

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