L&T Tax Advantage Fund Direct Growth-0.89%

3
-9.14%
1 Year Return
Equity
ELSS
3.0star
6M
1Y
3Y
5Y
All

Fund Details

L&T Tax Advantage Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio1.44%
NAV50.60 (14 Jul 2020)
Fund Started01 Jan 2013
Fund Size2,843 Cr

Returns

1Y
3Y*
5Y*
Since inception*
L&T Tax Advantage Fund Direct Growth
-9.1%
-1.6%
5.2%
10.5%
Category Average
-16.6%
-3.7%
6.3%
-
Rank within category
27
26
17
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with -9.1% annual returns

    Comparison

    Data not available
    Pros
    1. 1Y Returns are higher than the category average returns
    2. 3Y Returns are higher than the category average returns
    3. Exit load is zero
    Cons
    1. Risk-adjusted returns are lower compared to the category
    2. 5Y Returns are lower than the category average returns

    Top Holdings

    NameSectorInstrument% Assets
    Reliance Industries Ltd.EnergyEquity5.7%
    HDFC Bank Ltd.FinancialEquity5.4%
    Bharti Airtel Ltd.CommunicationEquity4.2%
    Tata Consultancy Services Ltd.TechnologyEquity3.6%
    Infosys Ltd.TechnologyEquity3.5%
    HCL Technologies Ltd.TechnologyEquity3.4%
    ITC Ltd.FMCGEquity3.3%
    Shree Cement Ltd.ConstructionEquity3.3%
    Kotak Mahindra Bank Ltd.FinancialEquity3.2%
    Sun Pharmaceutical Inds. Ltd.HealthcareEquity2.8%
    See All

    Fund Managers

    addVenugopal Manghat
    Education
    Mr. Manghat is a B.Sc (Mathematics) and MBA (Finance).
    Experience
    Prior to joining L&T Mutual Fund he has worked with Tata Asset Management Ltd.
    Funds Managed
    addSoumendra Nath Lahiri
    Education
    Mr. Lahiri is a B.Tech and PGDM from IIM Bangalore.
    Experience
    Prior to joining L&T Mutual Fund he has worked with Canara Robeco AMC Co. Ltd., Emkay Investment Managers Ltd, Fortuna Capital, DSP Mutual Fund.
    Funds Managed
    addVihang Naik
    Education
    Mr. Naik is a CFA and TYBMS.
    Experience
    Prior to joining L&T Mutual Fund he was associated with L&T Investment Management Limited (Jul 2012-Jun 2016) as an Analyst and with MF Global Sify securities (Mar 2010-Jul 2012, Motilal Oswal Securities (May 2008-Mar 2010), SBICAP Securities (Oct 2006-Apr 2008) as Research Analyst.
    Funds Managed

    L&T Tax Advantage Fund Direct Growth Details

    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 01 Jan 2013. 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 ₹2,843 Cr and the Latest NAV as of 14 Jul 2020 is ₹50.60.

    The L&T Tax Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.

    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
    Nil
    Exit Load

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    About L&T Mutual Fund

    Address
    6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
    Phone
    022-66554000
    Launch Date
    03 Jan 1997
    L&T Mutual Fund
    Asset Management Company
    Custodian
    Citibank NA
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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