Save Tax and make a profit | Fusion - WeRIndia

Save Tax and make a profit

Save Tax and make a profit

Money makes more money. This may not be a straight fact, but it can be true in certain ways. Investing your money in the right ways brings your more money.

This time of the year, a lot of people wonder what to do with their income to reduce Income Tax and also make a profit.

In this tax planning season, investors usually look for instruments that provide both tax benefits and profits.

If you are looking for something like that, try investing in Birla Sun Life Tax Relief 96.

The advantage of this investment is that it is about creating wealth via investing in equities. It is proven with a great track record that equities always beat other investments in terms of return in long run. So it is a great choice to invest in.

The investment has both growth and dividend option.

Not only that, the investment is made for tax benefits. This makes it ideal for this time of the year. Under section 80C, the amount invested up to ₹1.5 lakh can be used for a tax rebate.

It is an ELSS scheme. The tax benefits are given to encourage savings in equity and related instruments among people.

The fund comes with a lock in period of 3 years. It is the lowest lock in period in the saving category.

The fund has a great track record since 1996.

The three year lock in period is good for generating good amount of returns. It helps counter any negative market fluctuations increasing the chances for profit.

The fund has both SIP investment option and also a lump sum investment. In SIP, one can invest periodically like weekly, monthly, and quarterly.

This article is not an advertisement for Birla Sun Life Tax Relief 96. It is meant to be a recommendation for investing during the IT period of the year. Professional advice is recommended before you make an investment.

Image Credit: Pxhere (Free for commercial use)

Image Reference:

Leave a Reply

Your email address will not be published.