About L&T Tax Advantage Fund Direct-Dividend
L&T Tax Advantage Fund Direct-Dividend is a Tax Saver
mutual fund scheme from L&T Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Soumendra Nath Lahiri
. It has an AUM of ₹3,417.93 Crores and the latest NAV decalared is ₹26.095 as on 11 Nov 2019 at 9:00 pm.
L&T Tax Advantage Fund Direct-Dividend scheme return performance in last 1 year is 2.55%, in last 3 years is 33.14% and 138.74% 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.