BNP Paribas Long Term Equity Fund Growth - Latest NAV ₹42.363, Returns, Performance & Portfolio

BNP Paribas Long Term Equity Fund Growth

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    7.13%
  • highlight
    (+0.13)42.363

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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 FDPPFELSS
Average Annualised Returns i
6%8%12%
Tax rates i
30%Not taxable10%*
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 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years10.67%
5 Years7.13%
3 Years3.88%
1 Year6.25%
6 Months23.16%
Fund Details
ISININF251K01985
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV42.363
Exit Load--

More about this fundstar

Top HoldingsWeightage
Infosys Ltd9.48%
HDFC Bank Ltd7.21%
ICICI Bank Ltd5.61%
Reliance Industries Ltd5.57%
Tata Consultancy Services Ltd5.22%
Bharti Airtel Ltd3.78%
Voltas Ltd2.93%
Hindustan Unilever Ltd2.9%
Axis Bank Ltd2.89%
Housing Development Finance Corp Ltd2.56%

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:

  1. Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
  2. Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
  3. 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.

iii) Redemption

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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Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Moderately High risk

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