Birla Tax Plan Renamd As Birla Equity Plan

Birla Mutual Fund has renamed Airla-Tax Plan, its open ended equity linked savaigs scheme (ELSS), as Biria Equity Plan. The scheme aims at achieving long-term growth of capital along with income tax relief for investors. BEP offers investors rebate under Section 88 of the Income Tax Act, 1961 @ 20 per cent on investments up to Rs 10,000 and 100 per cent exemption from Capital Gains Tax under Section 54EA and 54EB of the Income Tax Act 1961.