About UTI Long Term Equity Fund Direct-Dividend
UTI Long Term Equity Fund Direct-Dividend is a Tax Saver
mutual fund scheme from UTI Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Vishal Chopda
and Vetri Subramaniam
. It has an AUM of ₹1,199.91 Crores and the latest NAV decalared is ₹23.010 as on 23 Oct 2019 at 8:40 pm.
UTI Long Term Equity Fund Direct-Dividend scheme return performance in last 1 year is 9.79%, in last 3 years is 23.52% and 114.16% 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.