Birla Sun Life Tax Relief Fund
 
Scheme Name Birla Sun Life Tax Relief '96
Inception Date (Date Of Allotment) 29-Mar-1996
Scheme Objective Birla Sun Life Tax Relief '96 is an open-end Equity Linked Savings Scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities.
Asset Allocation 80-100%: Equities & Equity related securities. 0-20%: Debt & Money Market instruments
Fund Manager Ajay Garg
Investor Risk Profile Medium to High
Investment Plans / Options Dividend (Reinvestment, Payout & Sweep) Growth
Investment Option by default Dividend Plan / Payout Facility
Minimum subscription amount Birla Sun Life Tax Relief '96 with critical illness insurance - Rs 10,000 per year For Birla Sun Life Tax Relief '96 without critical illness insurance - Rs 500/-
Minimum additional investment Multiples of Re1/- thereafter
Entry Load*

Birla Sun Life Tax Relief '96 with critical illness insurance - 2.5% of the applicable NAV For Birla Sun Life Tax Relief '96 without critical illness insurance -

  • For Purchase / switch in of units less than Rs. 5 Crores in value: 2.25%
  • For Purchase / switch in of units equal to or greater than Rs. 5 Crores in value: NIL
Exit Load Nil
Benchmark BSE 200
Investment Style Growth
Indicative Dividend Calendar At the Discretion of Trustees.
Eligibility criteria for the scheme
with the critical illness option
For Birla Sun Life Tax Relief '96 with critical illness insurance
Only individual investors, including Non Resident Indians, whose age is 18 years to 45 years, at the time of the first investment.
Provided
  • Investors enroll for investments through Yearly Installment, in Birla Sun Life Tax Relief '96.
  • Investors fulfill specified conditions under his / her "Good Heath Declaration" and sign the document, also providing their Date of Birth & Gender at the specified places in the application form.
  • In case of joint unit holders in the scheme, only the first unit holder would be eligible for the insurance.
Age will be calculated as completed age as on last birthday.
Mode of Payment for Birla Sun Life
Tax Relief '96 with Critical illness insurance
The ECS Debit will happen in the same month as the month of purchase each year.
The ECS will be initiated on the 3rd of that month.
  • The customer will have the option to change the ECS mandate, in case he would like to change the account from which the debit needs to be carried out. However, this request needs to be submitted at least 30 days before the due date.
  • In case of non clearance of first purchase instrument, SIP will not be registered and no insurance will be provided.
Tenure of Birla Sun Life Tax Relief '96 with Critical Illness Insurance Tenure of the facility would be 55 Years less the current completed age of the investor.
e.g. Eligible investor may avail of the Yearly SIP with Critical Illness Insurance for such period (in years) as may be remaining for the attainment of 55 years of age. Thus, for an investor at the age of 40 years, tenure of Yearly SIP with Critical Illness Insurance shall be a period of 15 years (inclusive of 1st installment) i.e. period remaining for the attainment of 55 years of age.
Amount of Critical Illness (CI) Insurance If investment in the Yearly SIP with Critical Illness Insurance facility continues, the increasing insurance cover would be as follows
  • Year 1 : 2 times the Yearly installment
  • Year 4 : 5 times the Yearly installment
  • Year 2 : 3 times the Yearly installment
  • Year 5 onwards, till 55 years : 10 times the Yearly installment
  • Year 3 : 4 times the Yearly installment
All the above mentioned limits are subject to maximum insurance cover of
Rs. 10 Lac per investor across all plans/folios held by him.
STP/SWP for investments made towards Birla Sun Life Tax Relief '96 with Critical Illness insurance After completion of lock-in period the customer is free to switch / transfer his funds to other open-ended Equity schemes of Birla Sun Life Mutual Fund within the same folio, subject to load that may be applicable at that time. However, in case of any redemption (partly or fully) or switch to a scheme other than an open-ended equity scheme, the Critical Illness Insurance shall stand cancelled.
 
TERMS AND CONDITIONS FOR AVAILING TAX RELIEF'96 WITH CRITICAL ILLNESS INSURANCE.
Award methodology: CNBC TV18 Crisil Mutual Fund House of the Year: Birla Sun Life Mutual Fund, Category - Mutual Fund House of the Year, out of 26 Fund houses. Fund Houses winning at least two awards for their schemes in the category level awards for 2007 were considered for the award based on consistency of fund house's performance across various scheme categories in the four quarterly CRISIL CPR rankings released during the calendar year 2007. The individual CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses. Detailed methodology available at www.crisil.com. Lipper Ranking: Birla Sun Life Tax Relief '96 (BSLTR'96): 3rd Rank (Top Performing Equity funds in the world) - 10 yr performance (1997 - 2007), Equity Funds, No. of Schemes: 6302. BSLTR'96 has been ranked 3rd among the top 100 equity funds in the world on the basis of Consistent Return (Effective Return) value. Entry / Exit load not considered. Ranking source: Lipper - A Reuter Co Past performance is no guarantee of future results.
 
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