The mutual fund is the best one for the people to get a huge return in a short period of time. This franklin templeton taxshield direct growth is one of the famous schemes that come under the category of the equity-linked service scheme. It is more beneficial for the investors to achieve a long time goal like marriage, education and other things. These kinds of specialties will help them to gain profit without any tax deduction.
How many years of the lock-in period is available in this scheme?
When you are the person who wants to get the huge money without any withdrawal after the many years then this scheme will be a suitable one. This is the scheme that comes under the lock-in period of the three years. This means that it will be a special one for gaining a huge profit by making a smaller investment. You can also make the investment of about one and a half lakhs as this scheme will not deduct any tax amount for that. This is the reason that most of the people prefer this kind of scheme.
The fluctuation in the market will occur but this will give a huge return after the many risks. You will find tax benefits in this scheme under section 80c in this scheme. The dividend money will be given to the investors by deducting the ten percent of the tax. You will also find the deduction in the tax up to fifteen percent when selling the units within one year. If the units are sold after one year then its deduction is only ten percent. This will be the best choice for the people who do not want to sell any units as they can able to save a lot of the tax easily.
What is special in the aditya birla sun life mid cap fund?
In this aditya birla sun life midcap fund, the people can able to make the investment for the long period. This will be a good one for the people as this gives the massive return at the end of the lock-in period of the three years. This will be a special one for the investors to achieve long term goals. The scheme will be a moderate risk but this will give the massive money included tax deduction in the dividend fund. You will not need to make the payment separately as the final amount will be given after deducting the tax.
The investment can be made through either sip or through the lumpsum amount in the mid cap companies. This kind of fund will be another option for the investors to achieve the long term goals by investing the stock in the mid cap. The sip plan is the best one as this will give you a large gain in the end. You can make the minimum investment of the thousand rupees. In the sip plan, the amount will be deducted automatically for the investment at the end of every month.