As you know , section 80 C of the Income Tax Act, 1961 gives you an oppurtunity to save upto Rs.30,900/- in taxes through a no of Investment options like F.D'S, PPF,NSC & most importantly ELSS( Equity Linked savings Scheme) of Mutual Funds. Birla Sun Life Tax Relief ’96 (BSL Tax Relief'96) is one of the best performing schemes in the ELSS category.
We are Delighted to share that, BSL Tax Relief ’96 has been ranked as the "World’s Best Performing Equity Fund" by lipper for a 13 year period among 3006 eligible equity funds that were compared globally.
Apart from saving taxes, BSL Tax Relief 96 has been one of the biggest wealth creators in the M.F space. To give you an idea:
Rs. 1 lakh invested at the inception of the scheme(29th March 96) has become
Rs.52.13 lakhs as on 31st Dec09 (& only Rs.6.20 lakhs in the benchmark: BSE 200)
Also this Scheme has declared 2200 % Dividend since inception.
Scheme | Record Date | Dividend % | Div (Rs. Per unit) | Ex-Dividend NAV |
Birla Sun Life Tax Relief 96 – Dividend | 08/31/09 | 40 | 4 | - |
( Total Dividend declared since inception(march 29 1996)=2200% Total | 06/27/08 | 50 | 5 | 66.86 |
03/25/08 | 200 | 20 | 86.74 | |
03/16/07 | 500 | 50 | 84.81 | |
01/19/07 | 260 | 26 | 151.07 | |
12/08/06 | 250 | 25 | 167.02 | |
04/27/06 | 500 | 50 | 176.75 | |
2200.00% |
Daily Competition Returns Comparison Report as of 25-Jan-10 |
ELSS Schemes | ||||||||||||||||
Scheme | AAUM(Rs Cr) | YTD | 7 days | 14 days | 30 days | 60 days | 90 Days | 180 Days | 1 Year | 2 year | 3 year | 5 year | 10 year | 12 year | 15 year | Inception |
Birla Sun Life Tax Plan | 162.41 | -3.12 | -5.52 | -5.1 | -1.58 | 1.09 | 2.56 | 15.18 | 87.44 | -6.76 | 3.35 | 20.01 | 14.72 | - | - | 24.87 |
Birla Sun Life Tax Relief 96 | 1195.7 | -3.86 | -4.98 | -4.74 | -3.19 | -0.85 | 1.6 | 18.81 | 118.76 | -7.64 | 7.12 | 22.03 | 17.72 | - | - | 32.72 |
DSPBR Tax Saver | 754.85 | -0.77 | -4.85 | -3.44 | -0.38 | 0.56 | 3.29 | 20.72 | 101.46 | -2.75 | 12.72 | - | - | - | - | 13.72 |
Fidelity Tax Advantage | 1133.94 | -1.93 | -4.09 | -3.25 | -1.32 | -0.27 | 3.21 | 18.48 | 97.45 | 2.23 | 11.17 | - | - | - | - | 15.72 |
Fortis Tax Advantage Plan | 74.45 | -3.03 | -5.66 | -5.03 | -2.5 | -0.93 | -0.03 | 13.1 | 76.51 | -17.42 | -4.3 | - | - | - | - | 5.47 |
Franklin India Taxshield | 745.55 | -1.27 | -4.69 | -3.29 | -0.51 | 1.68 | 5.59 | 17.71 | 94.13 | 0.79 | 10.14 | 23.05 | 20.6 | - | - | 30.4 |
HDFC LT Advantage | 907.58 | -1.92 | -4.17 | -3.02 | -0.41 | 0.84 | 3.6 | 17.25 | 102.81 | -0.88 | 5.9 | 20.37 | - | - | - | 30.69 |
HDFC Taxsaver | 2084.05 | -0.91 | -4.37 | -2.62 | -0.4 | 1.46 | 6.77 | 24.08 | 118.81 | 3.66 | 9.34 | 26.55 | 25.98 | - | - | 35.1 |
ICICI Prudential Tax Plan | 1011.02 | 0.3 | -2.72 | -1.67 | 1.81 | 6.65 | 10.02 | 32.23 | 137.45 | 4.63 | 8.84 | 23.88 | 19.16 | - | - | 26.99 |
Kotak Tax Saver | 533.81 | -2.15 | -4.92 | -4.58 | -1.95 | 0.41 | 1.15 | 15.03 | 90.85 | -10.33 | 3.44 | - | - | - | - | 12.22 |
Magnum Taxgain | 5264.85 | -2.94 | -4.98 | -5.05 | -2.49 | 0.29 | 2.9 | 15.8 | 97.5 | -4.62 | 6.64 | 30.97 | 13.29 | - | 18.97 | 19.53 |
Principal Personal Tax Saver | 583.06 | -2.92 | -4.41 | -4.21 | -2.43 | -0.5 | 2.58 | 17.16 | 102.38 | -10.43 | 6.21 | 20.42 | 16.6 | - | - | 26.55 |
Principal Tax Savings | 281.83 | -2.56 | -4.76 | -3.98 | -2.04 | -1 | 2.12 | 15.04 | 79.95 | -17.07 | -1.16 | 17.81 | 16.05 | - | - | 18.64 |
Reliance Tax Saver | 2088.75 | -0.58 | -4.01 | -3.08 | 1.54 | 5.14 | 8.3 | 20.9 | 97.53 | 3.24 | 6.04 | - | - | - | - | 14.34 |
Sundaram BNP Paribas Taxsaver | 1270.1 | -2.52 | -5.93 | -6.16 | -2.37 | -0.3 | -0.58 | 16.17 | 84.05 | 1.01 | 12.38 | 26.52 | 20.68 | - | - | 22.95 |
Tata Tax Saving | 147.54 | -1.48 | -4.72 | -3.85 | -1.23 | 1.58 | 5.05 | 15.77 | 95.62 | -4.61 | 5.56 | 18.32 | 11.79 | - | - | 22.47 |
UTI Equity Tax Savings | 474.15 | -2.78 | -5.23 | -4.44 | -2.43 | -0.45 | 1.77 | 13.88 | 78.77 | -7.03 | 3.98 | 16.04 | 17.15 | - | - | 18.58 |
BSE Sensex | -3.92 | -4.88 | -4.26 | -3.34 | -2.43 | -0.18 | 9.11 | 93.45 | -4.4 | 5.52 | 22.18 | 12.07 | - | - | ||
S&P CNX Nifty | -3.71 | -5.06 | -4.6 | -3.29 | -1.96 | 0.22 | 9.62 | 86.96 | -3.55 | 6.48 | 20.99 | 12.18 | - | - | ||
BSE 200 | -2.93 | -5.26 | -4.69 | -2.45 | -0.78 | 1.29 | 12.91 | 105.19 | -4.62 | 7.28 | 20.85 | 12.7 | - | - |
Aditya Kachru - Wealth Manager | Call @ 0-9818-26-9396
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