L&T Tax Advantage Fund Direct Growth - Latest NAV[89.41], MF Performance & Returns 2022

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L&T Tax Advantage Fund Direct Growth
Equity
ELSS
Very High Risk
3Y Lock In
18.19%
3Y annualised
-1.53% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 18 Jan 2022₹89.41
Min. SIP amount₹500
Rating2
Fund size₹3,574.93Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns32.9%18.2%15.6%15.7%
Category average54.9%14.2%14.3%NA
Rank with in category242726NA
Understand terms
Holdings (59)NameSectorInstrumentAssets
ICICI Bank Ltd.
FinancialEquity6.9%
Reliance Industries Ltd.
EnergyEquity6.7%
Infosys Ltd.
TechnologyEquity6.7%
Ultratech Cement Ltd.
ConstructionEquity3.2%
Bajaj Finance Ltd.
FinancialEquity3.1%
KPR Mills Ltd.
TextilesEquity3.0%
HDFC Bank Ltd.
FinancialEquity2.8%
Persistent Systems Ltd.
TechnologyEquity2.7%
Titan Company Ltd.
Consumer DurableEquity2.6%
Wipro Ltd.
TechnologyEquity2.5%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Equity ELSS
Pros
3Y and 5Y annualised returns higher than category average
Exit load is zero
Lower expense ratio: 1.22%
Cons
Lock-in period: 3Y
Low rating: 2
1Y annualised returns lower than category average by 24.9%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Dec 2021 - Present
1.21%
30 Nov 2021 - 31 Dec 2021
1.22%
31 Oct 2021 - 30 Nov 2021
1.21%
30 Sep 2021 - 31 Oct 2021
1.21%
31 Aug 2021 - 30 Sep 2021
1.21%
31 Jul 2021 - 31 Aug 2021
1.21%
30 Jun 2021 - 31 Jul 2021
1.21%
31 May 2021 - 30 Jun 2021
1.21%
30 Apr 2021 - 31 May 2021
1.22%
31 Mar 2021 - 30 Apr 2021
1.38%
28 Feb 2021 - 31 Mar 2021
1.38%
31 Jan 2021 - 28 Feb 2021
1.39%
31 Dec 2020 - 31 Jan 2021
1.38%
30 Nov 2020 - 31 Dec 2020
1.38%
31 Oct 2020 - 30 Nov 2020
1.36%
30 Sep 2020 - 31 Oct 2020
1.43%
31 Aug 2020 - 30 Sep 2020
1.42%
31 Jul 2020 - 31 Aug 2020
1.43%
30 Jun 2020 - 31 Jul 2020
1.44%
31 May 2020 - 30 Jun 2020
1.45%
30 Apr 2020 - 31 May 2020
1.45%
31 Mar 2020 - 30 Apr 2020
1.49%
29 Feb 2020 - 31 Mar 2020
1.45%
31 Jan 2020 - 29 Feb 2020
1.44%
31 Dec 2019 - 31 Jan 2020
1.44%
30 Nov 2019 - 31 Dec 2019
1.53%
31 Oct 2019 - 30 Nov 2019
1.53%
30 Sep 2019 - 31 Oct 2019
1.54%
31 Aug 2019 - 30 Sep 2019
1.54%
31 Jul 2019 - 31 Aug 2019
1.54%
30 Jun 2019 - 31 Jul 2019
1.54%
31 May 2019 - 30 Jun 2019
1.58%
30 Apr 2019 - 31 May 2019
1.58%
31 Mar 2019 - 30 Apr 2019
1.65%
28 Feb 2019 - 31 Mar 2019
1.65%
31 Jan 2019 - 28 Feb 2019
1.64%
31 Dec 2018 - 31 Jan 2019
1.55%
30 Nov 2018 - 31 Dec 2018
1.55%
31 Oct 2018 - 30 Nov 2018
1.55%
30 Sep 2018 - 31 Oct 2018
1.55%
31 Aug 2018 - 30 Sep 2018
1.56%
31 Jul 2018 - 31 Aug 2018
1.56%
30 Jun 2018 - 31 Jul 2018
1.34%
31 May 2018 - 30 Jun 2018
1.34%
30 Apr 2018 - 31 May 2018
1.34%
31 Mar 2018 - 30 Apr 2018
1.52%
28 Feb 2018 - 31 Mar 2018
1.54%
31 Jan 2018 - 28 Feb 2018
1.56%
31 Dec 2017 - 31 Jan 2018
1.56%
30 Nov 2017 - 31 Dec 2017
1.58%
31 Oct 2017 - 30 Nov 2017
1.57%
Expense ratio, exit load and taxExpense ratio: 1.21%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationUpto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500
Fund managementVihang Naik
Dec 2019 - Present
View details
Education
Mr. Naik is a CFA & BMS.
Experience
Prior to joining L&T Mutual Fund, he was associated with MF Global, Motilal Oswal Securities and SBICAP Securities.
Also manages these schemes
L&T Conservative Hybrid Fund Growth
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L&T Midcap Fund IDCW
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L&T Infrastructure Fund Growth
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L&T Equity Savings Fund IDCW Monthly
L&T Equity Savings Fund IDCW Quarterly
L&T Equity Savings Fund Growth
L&T Flexicap Fund Growth
L&T Flexicap Fund IDCW
L&T Tax Advantage Fund Growth
L&T Tax Advantage Fund IDCW
L&T Large and Midcap Fund Growth
L&T Large and Midcap Fund IDCW
L&T India Large Cap Fund Growth
L&T India Large Cap Fund IDCW
L&T India Value Fund Growth
L&T India Value Fund IDCW
L&T Hybrid Equity Fund Growth
L&T Hybrid Equity Fund IDCW
L&T Balanced Advantage Fund IDCW
L&T Balanced Advantage Fund Growth
L&T Flexicap Fund Direct IDCW
L&T Flexicap Fund Direct Growth
L&T Balanced Advantage Fund Direct IDCW
L&T Balanced Advantage Fund Direct Growth
L&T India Large Cap Fund Direct Growth
L&T India Large Cap Fund Direct IDCW
L&T Hybrid Equity Fund Direct Growth
L&T Hybrid Equity Fund Direct IDCW
L&T Large and Midcap Fund Direct Growth
L&T Large and Midcap Fund Direct IDCW
L&T India Value Fund Direct IDCW
L&T India Value Fund Direct Growth
L&T Infrastructure Fund Direct IDCW
L&T Infrastructure Fund Direct Growth
L&T Tax Advantage Fund Direct Growth
L&T Tax Advantage Fund Direct IDCW
L&T Equity Savings Fund Direct IDCW Quarterly
L&T Equity Savings Fund Direct Growth
L&T Equity Savings Fund Direct IDCW Monthly
L&T Midcap Fund Direct IDCW
L&T Midcap Fund Direct Growth
L&T Conservative Hybrid Fund Direct Growth
L&T Conservative Hybrid Fund Direct IDCW Monthly
L&T Conservative Hybrid Fund Direct IDCW Quarterly
L&T Emerging Businesses Fund Direct Growth
L&T Emerging Businesses Fund IDCW
L&T Emerging Businesses Fund Direct IDCW
L&T Emerging Businesses Fund Growth
L&T Business Cycles Fund Direct Growth
L&T Business Cycles Fund Regular IDCW
L&T Business Cycles Fund Regular Growth
L&T Business Cycles Fund Direct IDCW
L&T Hybrid Equity Fund IDCW Yearly
L&T Hybrid Equity Fund Direct IDCW Yearly
L&T Emerging Opportunities Fund Series I Direct IDCW
L&T Emerging Opportunities Fund Series I Regular IDCW
L&T Emerging Opportunities Fund Series II Regular IDCW
L&T Emerging Opportunities Fund Series II Direct IDCW
L&T Focused Equity Fund Direct IDCW
L&T Focused Equity Fund Direct Growth
L&T Focused Equity Fund Regular IDCW
L&T Focused Equity Fund Regular Growth
Cheenu Gupta
Jul 2021 - Present
View details
Education
Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T)
Experience
Prior to joining L&T Mutual Fund, she has worked with Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst.
Also manages these schemes
Canara Robeco Equity Tax Saver Regular IDCW
Canara Robeco Infrastructure Fund Regular IDCW
Canara Robeco Infrastructure Fund Regular Growth
Canara Robeco Equity Hybrid Fund Regular Growth
Canara Robeco Equity Hybrid Fund Regular IDCW Monthly
Canara Robeco Equity Tax Saver Regular Growth
Canara Robeco Consumer Trends Fund Regular Growth
Canara Robeco Consumer Trends Fund Regular IDCW
L&T Conservative Hybrid Fund Growth
L&T Conservative Hybrid Fund IDCW Monthly
L&T Conservative Hybrid Fund IDCW Quarterly
L&T Infrastructure Fund Growth
L&T Infrastructure Fund IDCW
L&T Equity Savings Fund IDCW Monthly
L&T Equity Savings Fund IDCW Quarterly
L&T Equity Savings Fund Growth
L&T Tax Advantage Fund Growth
L&T Tax Advantage Fund IDCW
L&T Large and Midcap Fund Growth
L&T Large and Midcap Fund IDCW
L&T India Large Cap Fund Growth
L&T India Large Cap Fund IDCW
L&T Hybrid Equity Fund Growth
L&T Hybrid Equity Fund IDCW
L&T Balanced Advantage Fund IDCW
L&T Balanced Advantage Fund Growth
Canara Robeco Infrastructure Direct Growth
Canara Robeco Infrastructure Direct IDCW
Canara Robeco Equity Hybrid Fund Direct IDCW Monthly
Canara Robeco Equity Hybrid Fund Direct Growth
Canara Robeco Consumer Trends Fund Direct Growth
Canara Robeco Consumer Trends Fund Direct IDCW
Canara Robeco Equity Tax Saver Direct Growth
Canara Robeco Equity Tax Saver Direct IDCW
L&T Balanced Advantage Fund Direct IDCW
L&T Balanced Advantage Fund Direct Growth
L&T India Large Cap Fund Direct Growth
L&T India Large Cap Fund Direct IDCW
L&T Hybrid Equity Fund Direct Growth
L&T Hybrid Equity Fund Direct IDCW
L&T Large and Midcap Fund Direct Growth
L&T Large and Midcap Fund Direct IDCW
L&T Infrastructure Fund Direct IDCW
L&T Infrastructure Fund Direct Growth
L&T Tax Advantage Fund Direct Growth
L&T Tax Advantage Fund Direct IDCW
L&T Equity Savings Fund Direct IDCW Quarterly
L&T Equity Savings Fund Direct Growth
L&T Equity Savings Fund Direct IDCW Monthly
L&T Conservative Hybrid Fund Direct Growth
L&T Conservative Hybrid Fund Direct IDCW Monthly
L&T Conservative Hybrid Fund Direct IDCW Quarterly
L&T Business Cycles Fund Direct Growth
L&T Business Cycles Fund Regular IDCW
L&T Business Cycles Fund Regular Growth
L&T Business Cycles Fund Direct IDCW
L&T Hybrid Equity Fund IDCW Yearly
L&T Hybrid Equity Fund Direct IDCW Yearly
Canara Robeco Capital Protection Oriented Fund Series 6 Direct IDCW
Canara Robeco Capital Protection Oriented Fund Series 6 Regular Growth
Canara Robeco Dual Advantage Fund Series 1 Regular Growth
Canara Robeco Dual Advantage Fund Series 1 Regular IDCW
Canara Robeco Small Cap Fund Regular Growth
Canara Robeco Small Cap Fund Regular IDCW
Canara Robeco Small Cap Fund Direct Growth
Canara Robeco Small Cap Fund Direct IDCW
Fund house & investment objective
L&T Mutual Fund
Rank (total assets)#12 in India
Total AUM₹71,233.36Cr
Date of Incorporation03 Jan 1997
 L&T Tax Advantage Fund Direct Growth is a Equity Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors o
 L&T Tax Advantage Fund Direct Growth is a Equity Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 03 Jan 1997. Soumendra Nath Lahiri is the Current Fund Manager of L&T Tax Advantage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹71,233 Cr and the Latest NAV as of 18 Jan 2022 is ₹89.41.
The L&T Tax Advantage Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.
...Read more
Investment Objective
The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
Fund benchmarkS&P BSE 200 TRI
Scheme Information Document(SID)
Fund house contact details
Address
6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
Phone
022-66554000
Launch Date
03 Jan 1997
E-mail
[email protected]
Website
NA
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
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FAQsHow to Invest in L&T Tax Advantage Fund Direct Growth
You can easily invest in L&T Tax Advantage Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account
 Search for L&T Tax Advantage Fund Direct Growth from the search box 
 In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
 Once you are done with that, you can start investing in L&T Tax Advantage Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance
What kind of returns does L&T Tax Advantage Fund Direct Growth provide?
The L&T Tax Advantage Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this
fund is 32.91% since its inception.
How much expense ratio is charged by L&T Tax Advantage Fund Direct Growth?
The term Expense Ratio used for L&T Tax Advantage Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. 

The Expense Ratio of L&T Tax Advantage Fund Direct Growth is 1.21% as of 19 Jan 2022...
What is the AUM of L&T Tax Advantage Fund Direct Growth?
The AUM, short for Assets Under Management of L&T Tax Advantage Fund Direct Growth is ₹3,574.93Cr as of 19 Jan 2022.
How to Redeem L&T Tax Advantage Fund Direct Growth?
If you want to sell your L&T Tax Advantage Fund Direct Growth holdings, go to your holding on the app or
web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your
desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.
Can I invest in SIP and Lump Sum of L&T Tax Advantage Fund Direct Growth?
You can select either SIP  or Lumpsum  investment of L&T Tax Advantage Fund Direct Growth based on your investment objective and risk tolerance.
What is the NAV of L&T Tax Advantage Fund Direct Growth?
The NAV of L&T Tax Advantage Fund Direct Growth is ₹89.41 as of 18 Jan 2022.
What is the PE and PB ratio of L&T Tax Advantage Fund Direct Growth?
The PE ratio ratio of L&T Tax Advantage Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

	1Y	3Y	5Y	All
Fund returns	32.9%	18.2%	15.6%	15.7%
Category average	54.9%	14.2%	14.3%	NA
Rank with in category	24	27	26	NA

Name	Sector	Instrument	Assets
ICICI Bank Ltd.	Financial	Equity	6.9%
Reliance Industries Ltd.	Energy	Equity	6.7%
Infosys Ltd.	Technology	Equity	6.7%
Ultratech Cement Ltd.	Construction	Equity	3.2%
Bajaj Finance Ltd.	Financial	Equity	3.1%
KPR Mills Ltd.	Textiles	Equity	3.0%
HDFC Bank Ltd.	Financial	Equity	2.8%
Persistent Systems Ltd.	Technology	Equity	2.7%
Titan Company Ltd.	Consumer Durable	Equity	2.6%
Wipro Ltd.	Technology	Equity	2.5%

Rank (total assets)	#12 in India
Total AUM	₹71,233.36Cr

Date of Incorporation	03 Jan 1997

Fund benchmark	S&P BSE 200 TRI

No.11, 2nd floor, 80 FT Road
4th Block, S.T Bed, Koramangala
Bengaluru – 560034
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Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹500

Rating	2
Fund size	₹3,574.93Cr