SBI Long Term Advantage Fund Series VI Direct Plan Growth
- 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||Very High Risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|ICICI Bank Ltd||8.43%|
|HDFC Bank Ltd||7.31%|
|Hindalco Industries Ltd Shs Dematerialised||4.27%|
|HCL Technologies Ltd Shs Dematerialised||4.17%|
|Grindwell Norton Ltd||4.13%|
|Neogen Chemicals Ltd||3.92%|
|Axis Bank Ltd||3.87%|
|Page Industries Ltd||3.36%|
|UltraTech Cement Ltd||3.3%|
|Larsen & Toubro Ltd Shs Dematerialised||3.24%|
About SBI Long Term Advantage Fund - Series VI - Direct Plan - Growth
This is an open-ended equity-linked saving scheme (ELSS) that provides income tax benefits under Section 80C of the Income Tax Act, 1961. The fund aims to invest in companies that have solid fundamentals and to remain invested. It generates capital appreciation over the period of 10 years through equity and equity-related instruments. The maximum investment allowed in this case is Rs.1.5 lakh per financial year.
Pros and Cons of SBI Long Term Advantage Fund - Series VI - Direct Plan - Growth
The exit load for the fund is zero.
Fund Information and Statistics
i) Inception/Launch Date
The scheme was rolled out on 17 July 2018.
ii) Risk Level
The risk level associated with this fund is moderately high since the investments are made towards equity and equity-related instruments of companies.
The principal you invest in this scheme will be locked-in for three years in order to offer tax benefits.
iv) Fund Manager
Mr Anup Upadhyay is the current Fund Manager for the scheme.
v) Entry/Exit Load
The entry and exit load associated with this fund is zero.
About SBI Mutual Fund
SBI Mutual Fund was set up on 29 June 1987 and got registered with SEBI on 23 December 1993. The fund house has State Bank of India as its sponsor and SBI Mutual Fund Trustee Company Private Limited as the trustee company. It offers 141 different folios to its customers as on 30 September 2020.
" 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
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
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