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Aditya Birla Sun Life Tax Relief 96 Review

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Aditya Birla Sun Life Tax Relief 96 Review

About Aditya Birla Sun Life 

Established in 1994, Aditya Birla Sun Life Mutual Fund is a joint venture between the Aditya Birla Group and the Sun Life Financial Service providers of Canada. This joint venture blends the experience of Aditya Birla Group in the Indian market and the globalized experience of Sun Life. 

Till now, it has reached the network of somewhere around 150 branches and other distribution channels in India. ABSLMF endeavors towards increasing the reach and depth of mutual funds globally. To make mutual funds a viable proposition across a wider set of advisors and investors across India they are working relentlessly.  

What is Aditya Birla Sun Life Mutual Funds? 

 Aditya Birla Sun Life Mutual Fund is a joint venture between an Indian conglomerate named, Aditya Birla Group, and Sun Life Financial, a financial service company based in Canada. The fund house deals in 4 classes of fund – Debt Funds, ELSS Funds, Equity Funds, and Income Funds, all with good Crisil Rating. With more than 20 years ABSLMF is offering wealth creation to their customers in the best possible way.  

Reasons to choose Aditya Birla Sun Life Mutual Fund are a few, but enough to make you agree on the same. Here: 

  • ABSLMF is one of the largest and trustworthy fund houses globally. 
  • Being present in Pan-India across 247 locations and serving investors globally. 
  • A joint venture between Aditya Birla Group and Sun Life Financial, one of the globalized Canada based financial services organization.  

Perfectly and safely backed by more than 20 years of strong research by offering exemplary asset management, investor awareness program, and differentiated products.  

Furthermore, let’s figure about Aditya Birla Sun Life Tax Relief 96  

It is an equity mutual fund scheme that was launched by Aditya Birla Sun Life Mutual Fund. Later on, it was introduced on 6th March 2008 to its investors. Currently, the fund is managed by Ajay Garg. Talking about the growth rate, it is moderately high-risk. Minimum SIP investment is INR 500. Inception date/Launched on March 30th, 1996  

Investment Objective  

The objective is to provide growth of capital along with Income-Tax exemption.  

Are you looking to invest? Open an account with Gulaq and start investing in Direct Mutual Funds with ZERO commission/fees/charges.   

Tax Implications  

  • Upto INR 1.5 lakh will be tax under Section 80C of the Income Tax Act. 
  • Lock-in-period of 3 years 
  • Returns will be taxed at 10%  

Fund Summary 

Aditya Birla Sun Life Tax Relief 96 Summary

More About Aditya Birla Sun Life Tax Relief 96 Growth – Direct Plan

Aditya Birla Sun Life Tax Relief 96 top holdings 

How to Invest in Aditya Birla Sun Life Tax Relief 96 with Gulaq? 

Aditya Birla sun life tax relief 96 is not rocket science, especially with Gulaq. With hassle-free and paperless documentation, the summing-up of your investment journey becomes easy. All you need to do is: 

  • And it’s done!  

 

*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.

Rating: 5.0/5. From 9 votes.
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