Groww Logo
Home>Mutual Funds>L&T Mutual Fund>L&T Tax Advantage Fund Direct Growth

L&T Tax Advantage Fund Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
8.94%
3Y annualised
-0.51% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 30 Jun 2022₹73.27
Min. SIP amount₹500
Rating2
Fund size₹3,079.82Cr

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns-4.9%8.9%7.3%12.6%
Category average54.9%14.2%14.3%NA
Rank with in category313130NA
Understand terms

Holdings (50)

NameSectorInstrumentAssets
Reliance Industries Ltd.EnergyEquity9.6%
ICICI Bank Ltd.FinancialEquity8.2%
Infosys Ltd.TechnologyEquity6.8%
State Bank of IndiaFinancialEquity5.3%
Bajaj Finance Ltd.FinancialEquity3.8%
Titan Company Ltd.Consumer DiscretionaryEquity3.8%
The Indian Hotels Company Ltd.ServicesEquity3.6%
Persistent Systems Ltd.TechnologyEquity3.1%
Tata Motors Ltd.AutomobileEquity2.8%
SRF Ltd.DiversifiedEquity2.7%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

Exit load is zero
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Lower expense ratio: 1.21%
Lock-in period: 3Y
Low rating: 2

Expense ratio, exit load and tax

Expense ratio: 1.21%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Vihang 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

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

Fund house & investment objective

Fund house contact details

Address
BrindavanPlot No. 177, CST RoadKalina, Santacruz (East) Mumbai 400098
Phone
022-66554000 / 1800-2000-400
Launch Date
25 Apr 1996
Website
NA
Amc Image
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

Compare funds

L&T Tax Advantage Fund Direct Growth
VS
Add mutual fund to compare

FAQs

How 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 -4.91% 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 01 Jul 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 ₹3,079.82Cr as of 01 Jul 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 ₹73.27 as of 30 Jun 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).

Loading...
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 3.1.1
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI