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Tax Saving with Aditya Birla Sun Life Balanced Advantage Fund
Thursday, September 28, 2017
by
Indian Real Estate News
Aditya Birla Sun Life Balanced Advantage Fund (An Open ended Asset Allocation Scheme) not only offers a balanced approach to investments but also provides equity taxation benefits on investments.
This fund is structured in a way that the minimum exposure to equity is at 65% which allows the fund to be eligible for tax benefits under Equity on the entire amount invested after 1 year of investment. (Holding Mutual Fund investments in equity oriented funds for more than 1 year classifies it under the Equity category hence the outcome being Long Term Capital Gain or Long Term Capital Loss which is not taxable).
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