About Shriram Long Term Equity Fund Direct - Dividend Payout
Shriram Long Term Equity Fund Direct - Dividend Payout is a Tax Saver
mutual fund scheme from Shriram Mutual Fund
. This scheme was launched on 25 Jan 2019 and is currently managed by its fund manager Kartik Soral
. It has an AUM of ₹22.93 Crores and the latest NAV decalared is ₹10.937 as on 22 Oct 2019 at 8:00 pm.
Shriram Long Term Equity Fund Direct - Dividend Payout scheme return performance is 9.29% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The Scheme seeks to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time.
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.