Nowadays, most of the people invest their valuable money in secure funding plans. The Aditya Birla sun life funding is a long term goal for the development of your wealth. In this section, we are going to get some information about the absl tax relief 96 plan.

What is Aditya Birla Sun Life Tax relief 96 funds?

It is an open-ended equity-linked saving scheme with a duration of three years. Comes along with tax benefits under the section of 80C of the income tax act. It has a combination of a top-down and bottom-up approach in the stock selection method. Mainly focus on the analysis of macroeconomic factors, economic updates, key policy changes, etc. The bottom approach will identify the company who are having high profitability and scalability by sustainable advantages with the Aditya Birla sun life funds. This scheme is managed by expert fund managers and providing you a chance to increase your capital growth and wealth. This fund is an acceptable protection consistency for your family.

Who are eligible to invest in this fund?

• The investor should come under the circumstance of section 80C of taxation with a lock-in period of three years only.
• Investors will not wait to get the benefit of 80C, to the void that time investors can invest directly via SIP.
• The fund manager will take the analysis of stable equality stocks and proceeds over the investment period in the case of 3 years of lock-in funds.

How many products are available at absl tax relief 96?

Step-up: In this, the investors will enhance the SIP amount during regular intervals.  It will allow you to make the investment by increasing your participation in the plan. Also, you can develop the amount which is a hike in your pay.

Multi scheme SIP: This will facilitate investors to access various plans through the SIP either using the application form or payment instruction.

Systematic transfer plan: You can save the asset classes by transferring a fixed amount from one scheme and invest them in another scheme. It has various options such as daily, weekly, monthly and quarterly systematic transfer plans.

Systematic withdrawal plan: This will allowyou to obtain a certain or fixed amount of money from their mutual funds to earn sustainable income streams with savings. The fixed withdrawal allows the investor of a growth plan to withdrawal a fixed amount at regular intervals. Appreciation withdrawal will allow investor of growth plans to withdraw the appreciation amount at normal intervals.

Withdrawal frequency: The fixed options are available in this scheme. The investors can withdraw set amounts based on month/quarter/half-yearly and annually.

What are the benefits while achieving absl tax relief 96 scheme? While compared with other plans there exist lower risk factors. Produce a huge range of returns than the benchmark in one year. So anyone can avail of the uses from absl tax relief 96 scheme. Finally, you can get the ultimate benefit from it.