L&T Tax Advantage Fund Growth
L&T Tax Advantage Fund Growth5Morning Star
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Min amount: ₹1,000
- 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
|ICICI Bank Ltd||7.94%|
|HDFC Bank Ltd||6.59%|
|Tata Consultancy Services Ltd||4.77%|
|Kotak Mahindra Bank Ltd||4.15%|
|Reliance Industries Ltd||3.82%|
|Larsen & Toubro Ltd||3.27%|
|Bharti Airtel Ltd||2.98%|
|HCL Technologies Ltd||2.95%|
|Housing Development Finance Corp Ltd||2.85%|
About L&T tax advantage fund
L&T tax advantage fund is a part of L&T group that majorly focuses on delivering long-term risk-adjusted performance. The AMC’s strength lies in risk management of portfolios. The objective of this fund is to generate long-term capital growth. It majorly invests in equity and equity-related securities and comes with a lock-in period of 3 years.
Pros & Cons of L&T tax advantage fund
- The fund is performing exponentially with positive growth since the time of inceptions.
- The selection of funds in this scheme is limited to equity and equity-related stocks with high return ratios. All-in-all it gives a diversified portfolio of strong growth companies with a minimum investment of only Rs 500.
Fund Information and Statistics of L&T tax advantage fund
i) Inception / Launch date
This fund was launched on 27 February 2006 by L&T Mutual Fund.
ii) Risk level
Risk is above average as fund’s performance is driven by the market’s wide fluctuations
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
Soumendra Nath Lahiri is an experienced fund manager who has been managing this fund since November 2012.
v) Entry / Exit load
Exit load for this fund is 0%. However, an expense ratio of 2.15% will be applied every year.
Tax benefits of investing in L&T tax advantage fund
This is an ELSS fund, which gives the tax benefit to an investor. Returns will be considered as long-term capital gains and if it is more than Rs 1 lakh, 10% without indexation on the sale of units will be applied for this fund.
About L&T Mutual Fund
L&T Mutual Fund was incorporated on 25 April 1996 and currently Mr. Kailash Kulkarni is the CEO of the mutual fund house. The fund house is headquartered in Mumbai and currently manages 36 schemes across equity, debt and hybrid plans.
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Min amount: ₹1,000
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