BNP Paribas Long Term Equity Fund Growth
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- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|HDFC Bank Ltd||8.19%|
|ICICI Bank Ltd||7.88%|
|Bharti Airtel Ltd||4.31%|
|Tata Consultancy Services Ltd||4.25%|
|Voltas Ltd Shs Dematerialised||3.63%|
|Axis Bank Ltd||3.41%|
|Hindustan Unilever Ltd||2.95%|
|Kotak Mahindra Bank Ltd||2.52%|
|SBI Life Insurance Co Ltd||2.45%|
About BNP Paribas Long Term Equity Fund
Being an open-ended Equity Linked Tax Savings Scheme (ELSS), it invests in equity and equity related securities of companies across sectors and market capitalisation. The fund manager aims to maximize wealth of investors over the long run. HE/she maintains a well-diversified portfolio which is actively managed. However, the fund does not guarantee any assured returns due to presence of market risks.
Pros & Cons of BNP Paribas Long Term Equity Fund
BNP Paribas Long Term Equity Fund Growth offers 3 benefits:
- Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
- Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
- Being a star-rated fund, it has consistently beaten the benchmark in 5 year, 7 year and 10 year time horizon. However, the fund lags in outperforming the category returns.
Fund Information and Statistics of BNP Paribas Long Term Equity Fund
i) Inception / Launch date
BNP Paribas Long Term Equity Fund was launched on 5 January 2006 by BNP Paribas Mutual Fund.
ii) Risk level
Being a multi-cap fund, BNP Paribas Long Term Equity Fund Growth is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
The fund is being jointly managed by Mr. Karthikraj Lakshmanan and Mr. Abhijeet Dey. Mr. Lakshmanan, who holds a rich experience of over 13 years in financial domain, has been managing the BNP Paribas Long Term Equity Fund since October 2016. Mr. Dey, who holds an experience of 19 years in equity research, has been managing the fund since November 2016.
v) Entry / Exit load
The fund house does not charge any entry load or exit load for investing in BNP Paribas Long Term Equity Fund. However, the investor would be able to redeem the units of the scheme only upon completion of the lock-in period of 3 years from the date of allotment.
Tax benefits of investing in BNP Paribas Long Term Equity Fund
BNP Paribas Long Term Equity Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.
About BNP Paribas Mutual Fund
BNP Paribas Mutual Fund has an investment history of as old as 19 century. Being a part of a global nexus, it seeks to blend its local market understanding with the global of investment management across numerous market cycles. Its investment philosophy involves using a top-down and bottom-up approach to align with its Growth at Reasonable Price (GARP) philosophy
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns