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L&T Long Term Advantage Fund - I

A 10-year closed-ended ELSS fund that provides tax saving and long term capital appreciation by investing across small, mid and large cap stocks.

 

This fund isn’t open for fresh subscription.

 

 

 

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Fund Features

Scheme Classification

A open-ended equity growth scheme.

Objective

The investment objective of the Scheme is to seek to generate longterm capital growth from a diversified portfolio of predominantly equity and equityrelated securities and also enabling investors to get income tax rebate as per the prevailing Tax Laws and subject to applicable conditions. The investment policies shall be framed in accordance with SEBI (Mutual Funds) Regulations, 1996 and rules and guidelines for Equity Linked Savings Scheme (ELSS), 2005 (and modifications to them).

Inception date

March 27, 2009

Fund Managers

Mr. Vihang Naik

Benchmark index

S&P BSE 200 TRI

SIP availability

Not Available

Minimum Investment

Not Applicable, as the Scheme is close ended in nature.

Annual Recurring Expenses (Regular Plan)

2.50% (As on 28th February 2019)

Click here to view daily TER

Note:

The above ratio includes 5 bps of additional expenses.

Apart from the above-mentioned expenses, additional expenses of up to 0.30% of daily net assets of the scheme, in compliance with the conditions prescribed and GST on investment management fees are also being charged.

Entry Load

NIL

Exit Load

NIL

Minimum purchase amount

Not Applicable, as the Scheme is close ended in nature.

Minimum additional purchase amount

Not Applicable, as the Scheme is close ended in nature.

Minimum redemption amount/units

Available after expiry of lock-in period of 3 years from the date of allotment A minimum of Rs. 500/- per application and in multiples of Rs. 500/-.

Note:

Scheme Information Document, Key Information Memorandum and Application Forms / Transaction Slips available at the ISCs / distributors.

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NAV

L&T Long Term Advantage Fund I
Regular, Growth
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Asset Allocation

Asset Allocation is represented as:
Instruments
Indicative Allocation (% of net assets)
Maximum Minimum

Equity and equity related securities

100%
80%

Money market instruments

20%
0%

 

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Key Benefits

ncome Tax rebate under section 80C. (Section 80C of the Income Tax Act, 1961 provides tax payers (Individual / HUF) a deduction from taxable income of upto Rs 1 lakh in a year in investments made in specified tax-saving instruments.)

 

Tax savings of upto Rs 30,900. (calculated assuming qualifying amount of deduction is Rs 1 lakh and investor falls in the top income tax slabs of 30% and includes applicable cess)

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