Ask Value Research

Does investing in BSL Frontline Equity save taxes?

Birla Sun Life Frontline Equity Fund is not a tax planning mutual fund scheme and doesn't qualify for tax deductions

Kindly clarify whether Birla Sun Life Frontline Equity Fund is fully tax-free. That is, if it enjoys exempt, exempt and exempt status. Also, what is the difference between a regular plan and a direct plan?
- B.Mishra

Birla Sun Life Frontline Equity scheme, based on its current portfolio, is classified by Value Research as a large and midcap scheme. It is not a tax saving fund (or Equity Linked Saving Scheme). So it doesn't qualify for a tax deduction on investments in it.

Direct plans are meant for investors who wants to invest directly in a mutual fund scheme without the service of any intermediary. Investors who need guidance on buying and selling mutual funds can take the help of an intermediary and invest in a regular plan.

This article was originally published on August 24, 2015.

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