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.