About Motilal Oswal Long Term Equity Fund Direct-Dividend
Motilal Oswal Long Term Equity Fund Direct-Dividend is a Tax Saver
mutual fund scheme from Motilal Oswal Mutual Fund
. This scheme was launched on 21 Jan 2015 and is currently managed by its fund manager Aditya Khemani
. It has an AUM of ₹1,500.24 Crores and the latest NAV decalared is ₹17.338 as on 23 Oct 2019 at 10:30 pm.
Motilal Oswal Long Term Equity Fund Direct-Dividend scheme return performance in last 1 year is 21.24%, in last 3 years is 39.02% and 91.49% 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.