About Motilal Oswal Long Term Equity Fund Direct-Growth
Motilal Oswal Long Term Equity Fund Direct-Growth 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 ₹1,584.31 Crores and the latest NAV decalared is ₹19.796 as on 15 Nov 2019 at 9:30 pm.
Motilal Oswal Long Term Equity Fund Direct-Growth scheme return performance in last 1 year is 16.35%, in last 3 years is 58.65% and 96.05% 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.