About PGIM India Long Term Equity Fund Direct-Growth
PGIM India Long Term Equity Fund Direct-Growth is a Tax Saver
mutual fund scheme from PGIM India Mutual Fund
. This scheme was launched on 11 Dec 2015 and is currently managed by its fund manager Srinivas Rao Ravuri
. It has an AUM of ₹365.14 Crores and the latest NAV decalared is ₹15.430 as on 05 Dec 2019 at 10:40 pm.
PGIM India Long Term Equity Fund Direct-Growth scheme return performance in last 1 year is 9.72%, in last 3 years is 47.66% and 54.15% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The scheme seeks to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended 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.