L&T India Value Fund Direct Dividend is a Equity Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Venugopal Manghat, Karan Desai is the Current Fund Manager of L&T India Value Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹7,716 Cr and the Latest NAV as of 23 Aug 2019 is ₹25.9.
The L&T India Value Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year..
Investment Objective
The investment objective of the Scheme is to generate long-term capitalappreciation from a diversified portfolio of predominantly equity and equityrelated securities, in the Indian markets with higher focus on undervaluedsecurities. The Scheme could also additionally invest in Foreign Securitiesin international markets.
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.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
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