HDFC Long Term Advantage
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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%||30%||30%|
|Returns after tax i||4.2%||5.6%||8.4%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||1.6%||4.4%|
|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||9.47%|
|Reliance Industries Ltd||9.2%|
|ICICI Bank Ltd||8.92%|
|Larsen & Toubro Ltd||5.68%|
|State Bank of India||5.63%|
|Housing Development Finance Corp Ltd||5.31%|
|Carborundum Universal Ltd||3.4%|
|Bharat Petroleum Corp Ltd||3.31%|
About HDFC Long Term Advantage fund
HDFC Long Term Advantage Fund is an open-ended Equity Linked Savings Scheme (ELSS) which invests in a portfolio mainly composed of equity and equity-related securities. It is a well-diversified portfolio consisting of stocks of companies across market capitalisation and sectors. The fund has a mandatory lock in period of 3 years. The scheme does not guarantee assured returns due to presence of market risks.
Pros & Cons of HDFC Long Term Advantage fund
HDFC Long Term Advantage fund offers the following 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 been performed exceptionally well and beaten the benchmark by wide margins in 3 year, 5 year and 10 year time horizons.
Fund Information and Statistics of HDFC Long Term Advantage fund
i) Inception / Launch date
HDFC Long Term Advantage fund was launched on 2 January 2001 by HDFC Mutual Fund.
ii) Risk level
Being a multi-cap fund, HDFC Long Term Advantage 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. Chirag Setalvad, who holds a rich experience of over 21 years in fund management, equity research and investment banking, has been managing the HDFC Long Term Advantage fund since April 2007.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in HDFC Long Term Advantage fund.
About HDFC Mutual Fund
HDFC Mutual 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.
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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