ADITYA BIRLA Sun Life Tax Relief 96 Invest Now

Aditya Birla Sun Life Tax Relief 96 Overview

Aditya Birla Sun Life Tax Relief 96 Fund is an open-ended ELSS Fund. This fund was launched on 29th March 1996. Aditya Birla Sun Life Tax Relief 96 Fund is managed by Mr. Ajay Garg. Aditya Birla Sun Life Tax Relief 96 Fund will help you save tax under section 80C; you can save tax up to Rs.1.5lakh. The risk of this fund is moderately high as this fund invests in equity. The AUM of Aditya Birla Sun Life Tax Relief 96 Fund is Rs.8685cr.(as on 31st March 2019). The exit load is zero for Aditya Birla Sun Life Tax Relief 96 Fund.

Eligibility criteria of Aditya Birla Sun Life Tax Relief 96 Fund

• Adult citizens residing in India.
• Minor through legal guardians/parents.
• Limited liability partnership.
• Religious and charitable trusts.
• Banking and financial institutions
• Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
• The Karta of Hindu Undivided Family (HUF)
• Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
• Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
• Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
• Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations.

Documents required for Aditya Birla Sun Life Tax Relief 96 Fund

KYC Documents:

• PAN Card
• Adhaar Card
• Voter’s ID
• Passport Size Photo
• Download the KYC form
• The investors will be issued an acknowledgement receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme.

Advantages of Aditya Birla Sun Life Tax Relief 96 Fund

• Well organized investment.
• Small investment option.
• Quick purchase and sell option.
• You can track your investment.
• You can invest in either SIP or lump sum way.
• Aditya Birla Sun Life Tax Relief 96 Fund is managed by experienced professionals.
• All Mutual Fund Companies are regulated by SEBI so no one will fly away with your hard earned money.
• Aditya Birla Sun Life Tax Relief 96 Fund gives tax benefit under section 80C the maximum amount is Rs. 1.5lakh.