L&T Tax Advantage Fund | One of the Best Tax Saving Mutual Funds to Invest
 
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L&T Tax Advantage Fund

L&T Tax Advantage Fund - Fund Facts

Fund objective To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities
Inception date February 27, 2006
Fund Managers S.N. Lahiri
Benchmark index S&P BSE 200
Lock - in Period 3 years
SIP availability Yes
Options Growth and Dividend options available. The Dividend option offers payout or re - investment facilities
Minimum Application Amount For lump sum: Rs. 500 and in multiples of Rs. 500 thereafter
For SIP: Rs. 3,000 (minimum single investment of Rs. 500 and in multiples of Rs. 500 thereafter, minimum 6 instalments).
Entry Load NIL
Exit Load No Exit Loads/CDSC will be chargeable in case of switches made between different options of the Scheme.

No Exit loads will be chargeable in case of; (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any.

In case of units switched out/systematically transferred to another option within the Scheme and if subsequently redeemed, for the purpose of determining the Exit Load, the date when such units were first allotted in the Scheme will be considered as the purchase/allotment date.
Annual Recurring Expenses (w.e.f 22nd July 2014) 2.9287%
Annual Recurring Expenses for Direct Plan (w.e.f 22nd July 2014) 2.4287%

Dividend History

L&T Tax Advantage Fund - Overview

It's the tax saving advantage of the year. Invest with L&T Tax Advantage Fund and save up to Rs. 30,900 in tax. Then, grow your tax saving for your future instead of paying tax.

Click here to download the scheme brochure

 

The calculation of tax shown is for the highest income tax slab as per Section 80C of the Income Tax Act, 1961 for the Financial Year 2012-13 and includes applicable cess.

L&T Tax Advantage Fund - Key Benefits

Two-in-One Benefit Tax saving plus a smarter investment for the future
Three-year lock-in period Much shorter than most investment options that qualify for tax deduction under Section 80 C! Helps the fund manager to maximise potential returns from equities
Greater diversification for risk control ' Go anywhere' approach - no cap, sector or style bias
360-degree research Every stock is handpicked and stock selection is underpinned by first-hand research
SIP available Investment instalments can be planned as part of a monthly budget

L&T Tax Advantage Fund - Risk Factors

Investment Style Details

Scheme Classification An open ended equity linked savings scheme.
Investment Objective To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
This product is suitable for investors who are seeking* • Long term capital growth
• Investment predominantly in equity and equity-related securities
• High risk       (BROWN)

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Normal Asset Allocation

Equity and equity related securities 95%
Money Market Instruments 5%

Terms of issue

Units are available on an ongoing basis at the Applicable NAV.

Minimum purchase amount Rs. 500
Minimum additional purchase amount Rs. 500
Minimum redemption amount/units Rs. 500/50 Units

Scheme Information Document, Key Information Memorandum and Application Forms / Transaction Slips available at the ISCs / distributors.

Statutory

L&T Mutual Fund has been established as a trust under the Indian Trust Act, 1882 by L&T Finance Holdings Limited, Sponsor/ Settlor (liability restricted to the seed corpus of Rs. 1 lakh) with L&T Mutual Fund Trustee Limited as the Trustee Company and L&T lnvestment Management Limited as the Investment Manager.

Loads

Entry Not Applicable
Exit No Exit Loads/CDSC will be chargeable in case of switches made between different options of the Scheme.

No Exit loads will be chargeable in case of; (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any.

In case of units switched out/systematically transferred to another option within the Scheme and if subsequently redeemed, for the purpose of determining the Exit Load, the date when such units were first allotted in the Scheme will be considered as the purchase/allotment date.

General Services

Investors can contact any of the ISCs at its toll-free number "1800 2000 400". NAVs will be calculated and published on all Business Days. Purchase on all Business Days. Redemption on all Business Days subject to completion of the lock in period of 3 years.

Risk factors

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Note: Risk may be represented as:


Investors understand that their principal will be at Low risk   (BLUE)

Investors understand that their principal will be at Medium risk   (YELLOW)

Investors understand that their principal will be at High risk   (BROWN)

L&T Tax Advantage Fund - How to Invest

To invest online

In case you require any more information on investing in the L&T Tax Advantage Fund, please call our toll-free Investor Line on 1800 2000 400 between 9am to 6pm on any business day.

To invest offline

Click here to download the KIM and Application form.
Or
Contact your Relationship Manager at your bank, your adviser or your distributor for an application form.

Mutual Funds Investments are subject to market risks, read all schemes related documents carefully.

* Please note that your transaction(s) on 192.168.35.125:89 is/are subject to the Terms and Conditions mentioned herein. If you have completed the KYC formalities you will be able to conduct only purchase transactions till we receive and process your registration/linking form, accepted terms and conditions and other supporting documents - if applicable.

If you have not completed the KYC formalities, you will have only a "view" access till we receive and process your registration /linking form, accepted terms and conditions, KYC form and other supporting documents.

Contact us: 1800 2000 400 / 1800 4190 200 from 9am to 6pm, Monday to Friday.
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