UTI Long Term Advantage Fund Series V Direct Growth is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was introduced to investors on 29 Mar 2017. Lalit Nambiar is the Current Fund Manager of UTI Long Term Advantage Fund Series V Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹140 Cr and the Latest NAV as of 17 Oct 2019 is ₹9.50.
The UTI Long Term Advantage Fund Series V Direct Growth is rated Moderately High risk. Minimum SIP Investment is 0. Minimum Lumpsum Investment is 500. Nil.
Investment Objective
The investment objective of the scheme is to provide medium to long term capital appreciation along with income tax benefit. Investment made in the scheme will qualify for deduction from Gross Total Income upto Rs.1,00,000/- (along with other prescribed investments) under section 80C of the Income Tax Act, 1961.
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