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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