| Baroda
Pioneer ELSS 96
|
|
Baroda Pioneer Mutual Fund launched Baroda Pioneer ELSS96
Scheme on 29/12/1995, with an initial corpus of Rs.3.46 Crore. This scheme was
a close-ended Equity Linked Savings Scheme, which offered tax benefit under
Section 88 of the Income Tax Act, 1961 alongwith possibility for income and
long-term capital growth. The scheme also provides Personal Accidental Death
insurance cover.
The objective of the Scheme is to provide the investors long-term capital
growth as also tax benefits, under Section 88 of the Income Tax act, 1961. To
achieve this objective, all the funds collected under the Scheme have been
invested in equities. The scheme has been converted into an open-ended scheme
w.e.f. 23/03/2000.
|
| |
|