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 managers Vihang Naik
and Venugopal Manghat
. It has an AUM of ₹2,700.02 Crores and the latest NAV decalared is ₹48.281 as on 04 Jun 2020 at 2:32 pm.
L&T Tax Advantage Fund Direct - Growth scheme return performance in last 1 year is -16.49%, in last 3 years is -6.42% and 102.71% 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.