Invest Wisely in Birla Sun Life Mutual Fund Schemes for Securing your Financial Needs

Are you not happy with the fixed deposit or post-office returns? Don't worry, consider shifting your investments from fixed deposit or post-office in an ideal mutual fund.

One such mutual fund is Birla Sun Life Mutual Fund where you can park away your investment in any of the chosen scheme in order to make your ends meet in time. Look for annualized performance of Birla Sun Life Mutual Fund schemes which is a worthwhile investment solution when it comes to selecting your own desired fund.

Birla Sun Life Mutual Fund Schemes

Let's explore the range of Birla Sun Life Mutual Fund Schemes:

1. Savings/Debt Funds : Wish to have more savings? If yes, choose debt funds of Birla Sun Life Mutual Fund which consistently deliver you immediate and tax-efficient returns in contrast to fixed deposits and bank accounts. Ideally suited for low-medium risk investors with a higher liquidity when it comes to investing in Savings or Debt Funds. The following eight varieties of Birla Sun Life Mutual Fund are offered by the company itself:

• Birla Sun Life Cash Manager

• Birla Sun Life Cash Plus

• Birla Sun Life Corporate Bond Fund

• Birla Sun Life Dynamic Bond Fund

• Birla Sun Life Income Plus

• Birla Sun Life Medium Term Plan

• Birla Sun Life Savings Fund

• Birla SunLife Short Term Fund

2. Regular Income: Looking for a consistency in your income? Invest in regular income funds which offer you alternate solutions of delivering a regular income, either in your existing situation or after the retirement stage. Ideally suited for conservative investor, regular income plans are a good fit composition for the investors going for Regular income funds. There are only two regular income plans provided to you by Birla Sunlife Mutual Fund:

• Birla Sun Life MIP II – Savings 5 Plan

• Birla Sun Life Monthly Income

3. Tax Savings: No one wants to pay huge amounts of taxes instead look for avenues to save. Prefer tax savings plan for your investment which can reduce your tax weightage and hence multiply your regular income when it comes to investing in equities. However, tax saving are one of the ideally suited option wherein investors can save upto? 53,303 per annum in taxes and can generate wealth in equity markets. Obtain tax benefits through Birla Sun Life tax plan naming, Birla Sun Life Tax Relief 96 that helps you to boost up your wealth in addition to tax saving.

This open-ended equity linked savings scheme invests approx. 80-100% in Equities & Equity related instruments and balance 0-20% in Debt and Money Market securities.

After excluding the possible entitled amount i.e.,? 1.50 lakh, you may be getting the tax savings of? 53,303 & moreover, it will fall under the top income tax slab of 30% which too acknowledge applicable cess. And if your income exceeds? 1 crore, then you may liable to bear the surcharge of 12%.

Therefore, there is a massive need for consulting a tax advisor in order to get the nature of your individual tax assessments. As this will cover up under the norms of Section-80C of the Income Tax Act, 1961.

4. Wealth Creation : Are you planning to grow your wealth? It is a wise decision to go for wealth creation plans offered to you by Birla Sun Life Mutual Fund which aims towards multiplicity of wealth by investing in equity/gold securities that falls in the classification of conservative to aggressive options.

Therefore, planning for your future expenses is not a cumbersome process. However, you can assess your future objectives associated towards funding for your child's higher education, buying a home, marriage at ease. These solutions adjusts your needs in the range of aggressive to conservative options under equity/gold investments.

The following are the Wealth Creation funds offered to you by Birla Sun Life Mutual Fund

• Birla Sun Life Balanced ‘95 Fund

• Birla Sun Life Dividend Yield Plus

• Birla Sun Life Equity Fund

• Birla Sun Life Equity Savings Fund

• Birla Sun Life Frontline Equity Fund

• Birla Sun Life Infrastructure Fund

• Birla Sun Life Manufacturing Equity Fund

• Birla Sun Life Midcap Fund

• Birla Sun Life MNC Fund

Birla Sun Life SIP

Is it good enough to employ all your income in mutual fund schemes? Ofcourse, not. You will think many times before doing so. It is a wise option to choose Systematic Investment Plan(SIP) for investing which assures you peace of mind and also making it happen for investors for building up a corpus for a specified period of time. As SIP is the best disciplinary investment solution for all types of investors.

Disclaimer: Mutual Fund Investments are subject to market risks, read all scheme related documents carefully before investing.

Anvi Sharma is a professional writer who has written on various financial products like personal loans, home loans, credit cards & mutual fund investment, etc. She believes in delivering best of her knowledge so as to help the readers und