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L&T Tax Advantage Fund Direct-Growth rating rating rating rating rating

PB Recommended Equity ELSS

PLAN: GROWTH TYPE : OPEN-ENDED OPTION: Growth

1 Yr return

4.71%

3 Yrs CAGR returns

11.33%

5 Yrs CAGR returns

9.66%

NAV as on 25 Nov

₹ 57.42 by 0.59 ( 1.04%)

Expense ratio

1.53

Lock-in period

19.29%

Fund Size (Cr)

₹ 3420.69


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Performance Graph*
Returns Calculator
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If ₹1000 invested for 1

Estimated returns*

₹ 0

with % annual returns

Direct Funds
Estimated amount
₹ 10,27,000
Regular Funds
Estimated amount
₹ 9,91,000

* The calculator, based on assumed rate of returns, is meant for illustration purposes only.More

The calculations are not based on any judgments of the future return and should not be construed as promise on minimum returns. Information gathered and material used in this calculator is believed to be from reliable sources. Paisabazaar however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, Paisabazaar does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator.

investment objective

The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

Tax Implications

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

riskometer
Top Holdings
Top 10 Sectors %
Financial 29.05
Technology 11.93
Construction 11.36
Health Care 8.72
Retailing 4.44
Energy 4.41
FMCG 4.37
Services 3.88
Chemicals 3.86
Engineering 3.04
Top 10 Sectors %
Banking 6.75
Banking 6.31
Computer Software 4.96
Infrastructure 3.68
Crude Oil & Natural Gas 3.65
Banking 3.52
Computer Software 3.06
Telecom.Services 2.96
Computer Software 2.75
Retailing 2.69
Fund house details
Fund House L&T Mutual Fund
Fund Manager Soumendra Nath Lahiri
Fund Setup Date 01 Jan 2013
Address Brindavan Plot No. 177, CST Road Kalina, Santacruz (East)
Contact 022-66554000, 1800 2000 400
Email ID investor.line@lntmf.co.in
More About This Fund

About L&T Tax Advantage Fund

With the investment objective of generating long-term capital growth from a diversified portfolio of predominantly equity and equity related securities, L&T Tax Advantage Fund is an open-ended equity linked savings scheme with a statutory lock-in period of 3 years. The fund has invested around 98.51% in Indian stocks, out of which 54.14% is invested in large cap, 25.33 in mid cap stocks and the remaining 10.89 in small cap stocks.

Mr. Soumendra Nath Lahiri has been managing the fund since January 2013. He is a graduate in B.Tech and holds a degree in PGDM from IIM Bangalore. With over 7 years of experience with L&T AMC, Mr. S. N. Lahiri has delivered remarkable returns with his strength lying in the risk management of portfolios.

Who Should Invest?

  • If you are an investor with a smaller risk appetite, you may consider investing in this fund
  • This Equity Linked Savings Scheme is considered ideal for investors looking for additional tax benefits
  • Investors looking to invest predominantly in equity and equity related securities
  • This scheme is particularly suitable for investors seeking long term capital growth along with with an investment horizon of a minimum of 3 years
  • It is also suggested that you take a look at the CRISIL rating of the fund while making your investment decision, in order to get an idea about the overall performance of the fund over the years, based on its historical return data and portfolio attributes

What You Could Gain?

  • There is no exit load applicable on the investments made in this fund
  • Since the fund comes under the ELSS category, investments made will help investors save taxes of up to 1.5 lakh in a financial year under Section 80C of the Income Tax Act
  • The fund has been recorded to deliver remarkably high returns since its inception
  • The fund offers its investors a diversified portfolio of strongly growing companies with a minimum investment of Rs. 500

What You Could Lose?

  • All the equity funds are subject to market risks. Being an equity large and mid-cap fund, there is a moderate level of risk involved in this fund
  • The fund involves a moderately higher level of risk
  • The fund has an Expense Ratio of 1.54% applicable every year

Taxation- How will they be Taxed?

Investments made in L&T Tax Advantage Fund are eligible for a tax deduction of Rs. 1.5 lakh under Section 80C of the Income Tax Act. The scheme also allows a 2-in-1 benefit of investing and tax deduction, along with greater diversification of risk control and a 360-degree research. Being an Equity Linked Savings Scheme, L&T Tax Advantage Fund has a lock-in period of 3 years, which is considered the lowest among all the tax saving alternatives in the country.

How to Invest in L&T Tax Advantage Fund?

  • Sign Up/Sign in to Paisabazaar.com and go to ‘Direct Mutual Funds’
  • Click on the section of ‘ELSS Funds
  • Type and search directly by the name of L&T Tax Advantage Fund Direct Growth. Once it opens up, look at the details. You can also compare similar funds as well as use SIP Calculator or Lumpsum Calculator to estimate the future value of your investment
  • Click on ‘Invest Now’, select either Lump sum or SIP

Why Paisabazaar?

  • Trusted website, no commission charges and no paperwork. Only direct plans, no regular ones
  • You can compare more than 1,700 Funds at one platform instead of visiting the website of each AMC and then searching for numerous funds
  • Easy to browse as Funds are segregated under Equity, Debt, Large Cap, ELSS, etc. You can further add filters of ratings, returns, fund houses
  • Important scheme details such as latest Net Asset Value (NAV), expense ratio, Assets Under Management (AUM), etc. are also available on the portal, making it easier for consumers to pick a suitable fund

Frequently Asked Questions

Q. What are large cap funds?
A. Mutual funds that invest in stocks of companies with larger market capitalization are called large cap funds. These companies are usually the ones with a good track record and are known to be well established players in the market.

Q. Does this scheme come under Section 80C or offers tax benefits?
A. Yes, this fund is an Equity Linked Savings Scheme (ELSS) and hence, is eligible for tax exemption of upto Rs. 1.5 lakh in a financial year under Section 80C of the Income Tax Act.

Q. What is Exit Load? Does this particular scheme have an Exit Load?
A. Exit Load is the fee charged from an investor when he decides to quit the scheme and redeem his money. Generally, there is some penalty charged only if funds are redeemed in less than 365 days, otherwise there are usually no charges. No, the fund does not have an Exit Load.

Q. What is Expense Ratio? What is the Expense Ratio of this specific fund?
A. It is the fee charged from the investor for managing his fund money and allocating it to the stocks that can help him earn returns. The fund has an Expense Ratio of 1.54%.

Q. Is there a lock-in period for this scheme?
A. Since the fund is an Equity Linked Savings Scheme, it has a lock-in period of 3 years.