About Indiabulls Tax Savings Fund Direct - Dividend
Indiabulls Tax Savings Fund Direct - Dividend is a Tax Saver
mutual fund scheme from Indiabulls Mutual Fund
. This scheme was launched on 28 Dec 2017 and is currently managed by its fund managers Malay Shah
, Vikrant Mehta
and Veekesh Gandhi
. It has an AUM of ₹83.69 Crores and the latest NAV decalared is ₹9.960 as on 18 Oct 2019 at 9:25 pm.
Indiabulls Tax Savings Fund Direct - Dividend scheme return performance in last 1 year is 11.90%, is -0.80% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
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.