SBI Long Term Advantage Fund Series VI Direct Plan Growth - Latest NAV ₹13.5161, Returns, Performance & Portfolio

SBI Long Term Advantage Fund Series VI Direct Plan Growth

  • highlight
    20.57%
  • highlight
    (+0.1)13.5161
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  • 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%Not taxable10%*
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 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years--
3 Years--
1 Year20.57%
6 Months36.65%
Fund Details
ISININF200KA1TO1
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV13.5161
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd8.13%
ICICI Bank Ltd7.91%
JK Cement Ltd5.35%
Larsen & Toubro Ltd4.94%
Maruti Suzuki India Ltd4.5%
HCL Technologies Ltd4.02%
Kotak Mahindra Bank Ltd3.59%
Navin Fluorine International Ltd3.44%
Hindalco Industries Ltd3.41%
Neogen Chemicals Ltd3.31%

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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Frequently Asked Questions

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Invest in direct mutual funds on cleartax and earn upto 1.5% extra returns annually!
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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