ELSS - Is Birla Sunlife Tax Relief 96 a good Fund?

Q & A Forum › Category: Mutual Funds › ELSS – Is Birla Sunlife Tax Relief 96 a good Fund?

krishna.gupta asked 10 years ago

Hi, Recently I bought a ELSS from one of my organization financial advisor. She suggest me Birla Sunlife Relief 96 Fund plan (BSL Tax Relief'96 Fund- (ELSS U/S 80C of IT ACT)) and I got this one for 5 years 4000 per month of premium. Is this plan is good in return wise? Thanks, Krishna

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Sreekanth Staff answered 10 years ago

Dear Krishna, Birla Sun Life Tax Relief 96 fund is one of the oldest ELSS funds that we have. It is a decent fund. Kindly note that you are paying SIP amount and not premium. In the last 10 years, the fund has generated Returns of around 11% whereas the ELSS fund category average returns are around 8.75%. Other good performers in ELSS (tax saving) category are; Axis Long Term Equity Fund. Franklin Tax shield Fund. Kindly read my article : Best ELSS Tax Saving Mutual Funds.