Aditya Birla Sun Life Mutual Fund has decided to merge their two tax-saving schemes to comply with Sebi’s new norms of mutual fund categorisation. The fund house released a notice announcing the merger of Aditya Birla Sun Life Tax Savings Fund into Aditya Birla Sun Life Tax Relief ’96. Both the schemes were tax-saving or ELSS schemes with a three-year lock-in period.
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75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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