About L&T Tax Advantage Fund Direct-Growth
L&T Tax Advantage Fund Direct-Growth 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 ₹3,396.29 Crores and the latest NAV decalared is ₹56.591 as on 10 Dec 2019 at 9:50 pm.
L&T Tax Advantage Fund Direct-Growth scheme return performance in last 1 year is 5.09%, in last 3 years is 34.88% and 137.60% 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.