About Indiabulls Tax Savings Fund Direct - Dividend Payout
Indiabulls Tax Savings Fund Direct - Dividend Payout 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 Karan Singh
and Rajeev Desai
. It has an AUM of ₹71.29 Crores and the latest NAV decalared is ₹9.090 as on 08 Jul 2020 at 7:40 pm.
Indiabulls Tax Savings Fund Direct - Dividend Payout scheme return performance in last 1 year is -8.66%, is -9.46% 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.