About BNP Paribas Long Term Equity Direct - Dividend Payout
BNP Paribas Long Term Equity Direct - Dividend Payout is a Tax Saver
mutual fund scheme from BNP Paribas Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Karthikraj Lakshmanan
and Abhijeet Dey
. It has an AUM of ₹407.76 Crores and the latest NAV decalared is ₹15.234 as on 04 Jun 2020 at 1:01 am.
BNP Paribas Long Term Equity Direct - Dividend Payout scheme return performance in last 1 year is -7.56%, in last 3 years is 9.01% and 121.14% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The scheme aims to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent from time to time.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.