PGIM India Long Term Equity Fund Regular 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
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- Related funds
- Why Cleartax
|Risk||Very High Risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|ICICI Bank Ltd||7.91%|
|HDFC Bank Ltd||5.39%|
|Larsen & Toubro Ltd||5.3%|
|Bharti Airtel Ltd||5.05%|
|State Bank of India||4.33%|
|Reliance Industries Ltd||4.3%|
|Tata Consultancy Services Ltd||3.96%|
|Sun Pharmaceuticals Industries Ltd||3.14%|
About DHFL Pramerica Long Term Equity Fund
DHFL Pramerica Long Term Equity Fund is an open ended equity linked saving scheme. It has a statutory lock in of 3 years and provides tax benefits Section 80C of the Income Tax Act up to Rs. 1.50 lakh. The fund’s primary investment objective is to provide long term capital growth by predominantly investing in equity & equity related instruments and provide tax benefits to the customers under Section 80C. However, the scheme does not guarantee assured returns due to presence of market risks.
Pros & Cons of DHFL Pramerica Long Term Equity Fund
DHFL Pramerica Long Term Equity Fund offers the following 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.
- Having a relatively short performance history, this fund needs some more time to realise its full potential. It was able to contain losses more than its category in 3 month and 1 year time horizon. However, it has not been able to beat the benchmark in the given time period.
Fund Information and Statistics of DHFL Pramerica Long Term Equity Fund
i) Inception / Launch date
DHFL Pramerica Long Term Equity Fund was launched on 11 December 2015 by DHFL Pramerica Mutual Fund.
ii) Risk level
Being a multi-cap fund, DHFL Pramerica Long Term Equity Fund 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
Mr. Avinash Agarwal, who holds a rich experience of fund management with prestigious fund houses, has been managing the DHFL Pramerica Long Term Equity Fund since July 2017.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in DHFL Pramerica Long Term Equity Fund
Tax benefits of investing in DHFL Pramerica Long Term Equity Fund
DHFL Pramerica 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 DHLF Mutual Fund
DHFL Pramerica Mutual Fund, incorporated under the Companies Act, 1956, has its headquarters in Mumbai. It offers value-added investment alternative via its network of branches spread across 19 prominent cities in the country. It combines global resources, local investment expertise and intellectual acumen to formulate superior and wealth-building solutions for the clients.
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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