L&T Long Term Advantage Fund - I
The investment objective of the Scheme is to seek to generate longterm capital growth from a diversified portfolio of predominantly equity and equityrelated securities and also enabling investors to get income tax rebate as per the prevailing Tax Laws and subject to applicable conditions. The investment policies shall be framed in accordance with SEBI (Mutual Funds) Regulations, 1996 and rules and guidelines for Equity Linked Savings Scheme (ELSS), 2005 (and modifications to them).
Not Applicable, as the Scheme is close ended in nature.
The above ratio includes 20 bps of additional expenses.
Apart from the above-mentioned expenses, additional expenses of up to 0.30% of daily net assets of the scheme, in compliance with the conditions prescribed and service tax on investment management fees are also being charged.
|Equity and equity related securities||80% - 100%|
|Money market instruments||0% - 20%|
|Minimum purchase amount||Not Applicable, as the Scheme is close ended in nature.|
|Minimum additional purchase amount||Not Applicable, as the Scheme is close ended in nature.|
|Minimum redemption amount/units||Available after expiry of lock-in period of 3
years from the date of allotment A minimum of
Rs. 500/- per application and in multiples of Rs. 500/-.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.