L&T Tax Advantage Fund Growth - Latest NAV, Returns, Performance & Portfolio

L&T Tax Advantage Fund Growth

  • highlight
    9.54%
  • highlight
    (--0.24)52.7

Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 10,000 invested one time becomes Rs. 61,866 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%30%30%
Returns after tax i
4.2%5.6%8.4%
Current rate of Inflation i
4%4%4%
Real Rate of Return i
0.2%1.6%4.4%
Lock-in Period i
5 years15 years3 years

Fund Summarystar

PeriodReturns(per year)
10 Years12.15%
5 Years9.54%
3 Years7.37%
1 Year-1.45%
6 Months-0.47%
Fund Details
ISININF677K01064
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV52.7
Exit Load--

More about this fundstar

Top HoldingsWeightage
ICICI Bank Ltd6.74%
HDFC Bank Ltd6.34%
Tata Consultancy Services Ltd5.63%
Reliance Industries Ltd3.77%
Kotak Mahindra Bank Ltd3.47%
Infosys Ltd3.43%
Larsen & Toubro Ltd3.17%
HCL Technologies Ltd3.14%
Future Retail Ltd3.01%
Bharti Airtel Ltd2.97%

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

  1. The fund is performing exponentially with positive growth since the time of inceptions.
  2. 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

iii) Redemption

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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Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 10,000 invested one time becomes Rs. 61,866 in a period of 20 years
Need help?
Moderately High risk

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