About ITI Long Term Equity Fund Direct - Growth
ITI Long Term Equity Fund Direct - Growth is a Tax Saver
mutual fund scheme from ITI Mutual Fund
. This scheme was launched on 18 Oct 2019 and is currently managed by its fund managers George Heber Joseph
and Pradeep Gokhale
. It has an AUM of ₹31.03 Crores and the latest NAV decalared is ₹9.368 as on 10 Jul 2020 at 9:31 pm.
ITI Long Term Equity Fund Direct - Growth scheme return performance is -6.90% 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.