L&T Tax Advantage Fund Direct Plan Growth Option

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.