L&T Tax Advantage Fund Direct Growth is a Equity Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Soumendra Nath Lahiri is the Current Fund Manager of L&T Tax Advantage Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹3,284 Cr and the Latest NAV as of 11 Oct 2019 is ₹53.59.
The L&T Tax Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. Nil.
Investment Objective
The investment objective of the Scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
Tax Implications
Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
Scheme Information Document(SID)
₹500
Min for First Investment
₹500
Min for Second Investment