L&T Tax Advantage Fund Direct Plan Growth Option
Min amount: ₹500
- 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||Very High Risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|ICICI Bank Ltd||3.55%|
|HCL Technologies Ltd Shs Dematerialised||3.47%|
|Larsen & Toubro Ltd Shs Dematerialised||3.24%|
|Ramco Cements Ltd||3.14%|
|State Bank of India||3.07%|
|Tata Consultancy Services Ltd||2.94%|
|Tube Investments of India Ltd Ordinary Shares||2.93%|
|Reliance Industries Ltd Shs Dematerialised||2.87%|
About L&T Tax Advantage Fund - Direct Plan - Growth
The main purpose of L&T Tax Advantage Fund - Direct Plan - Growth is to provide investors with returns in the form of long-term capital gains by investing predominantly in equity and equity-linked securities. The fund offers tax deductions under Section 80C of the Income Tax Act, 1961.
Pros and Cons of L&T Tax Advantage Fund - Direct Plan - Growth
The primary advantage of investing in this fund is that it offers tax deductions of up to Rs 1,50,000 a year under Section 80C of the Income Tax Act, 1961. On utilising these provisions to the fullest extent, you can save up to Rs 46,800 a year in taxes. On the flip side, there is a mandatory lock-in period of three years.
Fund Information and Statistics
i) Inception/Launch Date
L&T Tax Advantage Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
L&T Tax Advantage Fund - Direct Plan - Growth has been categorised under ‘moderately high risk’ class of mutual funds.
Since L&T Tax Advantage Fund - Direct Plan - Growth comes with a lock-in period of three years, you cannot redeem your investments until the lock-in period elapses.
iv) Fund Manager
L&T Tax Advantage Fund - Direct Plan - Growth is currently managed by Mr Vihang Naik and Mr Venugopal Manghat.
v) Entry/Exit load
The L&T Tax Advantage Fund - Direct Plan - Growth comes with a mandatory lock-in period of three years. Hence, there are no exit load charges imposed on the fund. The fund has no entry load as per the directives of SEBI.
About L&T Mutual Fund
L&T Mutual Fund entered the Indian mutual fund industry back in the year 1996 when it officially registered itself with Indian securities market regulator. The fund house is being sponsored by L&T Finance Holdings Limited. L&T Mutual Fund Trustee Limited is its trustee company. The assets under management of the fund house was Rs 58,361.93 crore as of June 2020.
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Min amount: ₹500
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