About UTI Long Term Equity Fund Direct-Growth
UTI Long Term Equity Fund Direct-Growth 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 ₹1,246.81 Crores and the latest NAV decalared is ₹95.585 as on 05 Dec 2019 at 10:00 pm.
UTI Long Term Equity Fund Direct-Growth scheme return performance in last 1 year is 10.74%, in last 3 years is 39.65% and 125.01% 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.