Hello Friends !
1) Today I received my first Account Statement for Birla Tax Relief 96 by
E-mail.
However, though I had opted for Growth Option, I have received the
name of the scheme as below:
BO2 Birla Sun Life Tax Relief '96 Fund - ( An Open Ended ELSS
Scheme) - Payout.
Is that an error from their side ? Or all ELSS schemes would be payout
only. I mean what is the difference between Payout and Growth.
As far as I know the have classified my scheme in Dividend - Payout
option rather than Growth Option ?
Please advise whether I should inform them or is it more sensible with Payout option .
2) Earlier I was opting for 4K for 3 months for the above scheme. But since
the markets have crashed do you think, I will invest the balance 8K
tommorrow ?
Please advise.
Thanks.
Jeet
1) Today I received my first Account Statement for Birla Tax Relief 96 by
E-mail.
However, though I had opted for Growth Option, I have received the
name of the scheme as below:
BO2 Birla Sun Life Tax Relief '96 Fund - ( An Open Ended ELSS
Scheme) - Payout.
Is that an error from their side ? Or all ELSS schemes would be payout
only. I mean what is the difference between Payout and Growth.
As far as I know the have classified my scheme in Dividend - Payout
option rather than Growth Option ?
Please advise whether I should inform them or is it more sensible with Payout option .
2) Earlier I was opting for 4K for 3 months for the above scheme. But since
the markets have crashed do you think, I will invest the balance 8K
tommorrow ?
Please advise.
Thanks.
Jeet