SBI Long Term Advantage Fund Series VI Direct Plan Growth
- 20.57%
- (+0.1)13.5161
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 |
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Fund Summary
| Period | Returns(per year) |
|---|---|
| 10 Years | -- |
| 5 Years | -- |
| 3 Years | -- |
| 1 Year | 20.57% |
| 6 Months | 36.65% |
| Fund Details | |
|---|---|
| ISIN | INF200KA1TO1 |
| Risk | Moderately High risk |
| Fund Type | ELSS (Tax Savings) |
| NAV | 13.5161 |
| Exit Load | -- |
More about this fund
| Top Holdings | Weightage |
|---|---|
| HDFC Bank Ltd | 8.13% |
| ICICI Bank Ltd | 7.91% |
| JK Cement Ltd | 5.35% |
| Larsen & Toubro Ltd | 4.94% |
| Maruti Suzuki India Ltd | 4.5% |
| HCL Technologies Ltd | 4.02% |
| Kotak Mahindra Bank Ltd | 3.59% |
| Navin Fluorine International Ltd | 3.44% |
| Hindalco Industries Ltd | 3.41% |
| Neogen Chemicals Ltd | 3.31% |
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.
iii) Redemption
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.
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