Birla Sun Life Mutual Fund adds insurance feature to its scheme.

Birla Sun Life Mutual Fund has added the facility of insurance in its Birla Sun Life Tax Relief 96 scheme. The facility would provide investors insurance upto Rs.10 lakhs till the age of 55 years against nine critical diseases. Birla Sun Life Tax Relief is an open ended equity linked scheme; the dividend option under the scheme was launched in 1996 while the growth option under the same scheme was launched in 2008. The objective of the scheme is to provide growth of capital along with Income Tax exemption benefits to investors. The scheme is managed by Mr. Ajay Garg and it is benchmarked against BSE 200. - MutualFundIndia