Empower for the Month of February 2013 - Birla Sun Life Mutual Fund
Empower for the Month of February 2013 - Birla Sun Life Mutual Fund
Empower for the Month of February 2013 - Birla Sun Life Mutual Fund
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Tax Savings Solutions<br />
What are Tax Savings Solutions?<br />
Our Tax Savings Solutions help to<br />
reduce your tax burden and at <strong>the</strong><br />
same time, aim to grow your money<br />
through equity investments.<br />
Who can benefit from Tax Savings<br />
Solutions?<br />
Tax saving is important, especially when<br />
investors can save up to ` 30,900 in taxes!<br />
Section 80C <strong>of</strong> <strong>the</strong> Income Tax Act, 1961<br />
provides options to save tax by reducing<br />
<strong>the</strong> taxable income by up to ` 1 lakh.<br />
But, wealth creation is also important.<br />
Isn’t it? That’s why this solution is ideal <strong>for</strong><br />
investors who would like to create wealth<br />
along with tax saving.<br />
Tax savings <strong>of</strong> ` 30,900 is calculated assuming qualifying amount <strong>of</strong><br />
deduction is ` 1 lakh & investor falls in <strong>the</strong> top income tax slab <strong>of</strong> 30%<br />
& includes applicable cess. Investors are advised to consult <strong>the</strong>ir tax<br />
advisor in view <strong>of</strong> individual nature <strong>of</strong> tax benefits.<br />
Benefits <strong>of</strong> Tax Savings Solutions:<br />
Low lock-in period: Your money is locked-in <strong>for</strong> just 3 years, as against <strong>the</strong> much longer lock-in periods in o<strong>the</strong>r options.<br />
Potential to earn dividends: While your money is locked-in <strong>for</strong> 3 years, you may opt <strong>for</strong> <strong>the</strong> dividend option and can receive returns in <strong>the</strong> <strong>for</strong>m<br />
<strong>of</strong> tax-free dividends during this time. This feature is unique only to tax saving solutions from mutual funds.<br />
Earn market linked returns: Since investments are made in stocks <strong>of</strong> Indian companies, <strong>the</strong> value <strong>of</strong> your investment moves with <strong>the</strong> stock<br />
market. Although it comes with market related risks, your money is diversified i.e. spread out across stocks <strong>of</strong> multiple companies and is being<br />
monitored by an investment expert with an aim to minimize such risks.<br />
Tax-free returns: When you withdraw your investment after 3 years, <strong>the</strong> returns are totally tax free. Yes, you save taxes on both, your initial<br />
investment and also on <strong>the</strong> returns.<br />
Tax deduction(s) available u/s 80C <strong>of</strong> <strong>the</strong> Income Tax Act, 1961 is subject to conditions specified <strong>the</strong>rein.<br />
Investors are requested to note that fiscal laws may change from time to time and <strong>the</strong>re can be no guarantee that <strong>the</strong> current tax position may continue in <strong>the</strong> future.<br />
Investors are advised to consult <strong>the</strong>ir tax advisor in view <strong>of</strong> individual nature <strong>of</strong> tax benefits.<br />
The Financial Solution (Savings Solution) stated above is ONLY <strong>for</strong> highlighting <strong>the</strong> many advantages perceived from investments in <strong>Mutual</strong> <strong>Fund</strong>s but does not in any manner, indicate or imply, ei<strong>the</strong>r <strong>the</strong><br />
quality <strong>of</strong> any particular Scheme or guarantee any specific per<strong>for</strong>mance/returns.<br />
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