L&T Mutual Fund
L&T Mutual Fund

L&T Long Term Advantage Fund - I

L&T Long Term Advantage Fund - I - Fund Facts
Fund objective

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).

Inception date
March 27, 2009
Fund Managers
Mr. Vihang Naik
Benchmark index
BSE 200
SIP availability
Not Available
Options
Dividend Payout & Cumulative Both Options have a common portfolio.
Minimum Investment
Not Applicable, as the Scheme is close ended in nature.
Entry Load
Exit Load

Not Applicable, as the Scheme is close ended in nature.

Annual Recurring Expenses (As on 11th March, 2017)
2.70%
Note:
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.
Dividend History
Click here to view dividend history.
L&T Long Term Advantage Fund - I - Overview
The L&T Long Term Advantage Fund is a 10-year closed-ended equity linked savings scheme. The fund's main objective is to provide tax benefit under Section 80 C of the Income Tax Act 1961 and generate capital appreciation over a period of 10 years by investing predominantly in equities of companies across large, mid and small cap companies.
L&T Long Term Advantage Fund - I - Key Benefits
Income Tax rebate under section 80C. (Section 80C of the Income Tax Act, 1961 provides tax payers (Individual / HUF) a deduction from taxable income of upto Rs 1 lakh in a year in investments made in specified tax-saving instruments.)
Tax savings of upto Rs 30,900. (calculated assuming qualifying amount of deduction is Rs 1 lakh and investor falls in the top income tax slabs of 30% and includes applicable cess)
L&T Long Term Advantage Fund - I - Features
Investment Style Details
Scheme Classification
A 10 years Close Ended Equity Linked Saving Scheme, subject to a lock in for a period of three years from date of allotment
Investment Objective
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).
Normal Asset Allocation
Equity and equity related securities 80% - 100%
Money market instruments 0% - 20%
Terms of issue
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/-.
Statutory
L&T Mutual Fund has been established as a trust under the Indian Trust Act, 1882 by L&T Finance Holdings Limited, Sponsor/ Settlor (liability restricted to the seed corpus of Rs. 1 lakh) with L&T Mutual Fund Trustee Limited as the Trustee Company and L&T lnvestment Management Limited as the Investment Manager.
Loads
Entry
NIL
Exit
NIL

General Services

Risk factors

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

L&T Long Term Advantage Fund - I - Downloads