L&T Tax Advantage Fund Direct Plan Growth Option
- 15.55%
- (+0.26)69.524
Min amount: ₹500
Calculate Returns
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
- FAQs
Fund Summary
Period | Returns(per year) |
---|---|
10 Years | -- |
5 Years | 15.55% |
3 Years | 6.49% |
1 Year | 17.41% |
6 Months | 25.84% |
Fund Details | |
---|---|
ISIN | INF917K01GP0 |
Risk | Moderately High risk |
Fund Type | ELSS (Tax Savings) |
NAV | 69.524 |
Exit Load | -- |
More about this fund
Top Holdings | Weightage |
---|---|
ICICI Bank Ltd | 4.83% |
Infosys Ltd | 4.68% |
HDFC Bank Ltd | 4.68% |
HCL Technologies Ltd Shs Dematerialised | 4.37% |
Tata Consultancy Services Ltd | 4.1% |
Reliance Industries Ltd Shs Dematerialised | 3.66% |
Emami Ltd | 3.45% |
Larsen & Toubro Ltd Shs Dematerialised | 3.18% |
Ramco Cements Ltd | 2.56% |
Berger Paints India Ltd | 2.53% |
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.
Related Articles
Customer Reviews
" Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "
IT Developer, Bangalore" I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "
Software Engineer, Indore" Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "
Campus Manager, Bangalore
Invest Now in 3 Easy Steps
- 1
- 2
- 3
Why ClearTax Invest?
Our experts do all the research and offer only the BEST mutual funds
Trusted by Over 25 Lakh Indians
Invest in just 5 minutes
No paperwork required
Simple and easy to use
Frequently Asked Questions
- Read More
Min amount: ₹500
Calculate Returns
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