About Indiabulls Tax Savings Fund Direct - Growth
Indiabulls Tax Savings Fund Direct - Growth 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 ₹76.01 Crores and the latest NAV decalared is ₹9.050 as on 12 Jul 2020 at 2:13 pm.
Indiabulls Tax Savings Fund Direct - Growth scheme return performance in last 1 year is -6.80%, is -9.86% 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.