L&T Tax Advantage Fund Direct Plan Growth Option - Latest NAV ₹71.195, Returns, Performance & Portfolio

L&T Tax Advantage Fund Direct Plan Growth Option

  • highlight
    15.15%
  • highlight
    (--0.74)71.195

Min amount: ₹500

Calculate Returns

Rs. 500 invested monthly becomes Rs. 7.74 Lakhs in a period of 20 years
  • 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 Years--
5 Years15.15%
3 Years7.42%
1 Year28.85%
6 Months29.61%
Fund Details
ISININF917K01GP0
Risk
Fund TypeELSS (Tax Savings)
NAV71.195
Exit Load--

More about this fundstar

Top HoldingsWeightage
ICICI Bank Ltd4.83%
Infosys Ltd4.68%
HDFC Bank Ltd4.68%
HCL Technologies Ltd Shs Dematerialised4.37%
Tata Consultancy Services Ltd4.1%
Reliance Industries Ltd Shs Dematerialised3.66%
Emami Ltd3.45%
Larsen & Toubro Ltd Shs Dematerialised3.18%
Ramco Cements Ltd2.56%
Berger Paints India Ltd2.53%

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.

iii) Redemption

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

Calculate Returns

Rs. 500 invested monthly becomes Rs. 7.74 Lakhs in a period of 20 years

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