L&T Mutual Fund
L&T Mutual Fund

L&T Tax Advantage Fund

L&T Tax Advantage Fund - Fund Facts
Fund objective
To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities
Inception date
February 27, 2006
Fund Managers
S.N. Lahiri
Benchmark index
S&P BSE 200
Lock - in Period
3 years
SIP availability
Yes
Options
Growth and Dividend Option (Payout)
Minimum Application Amount
For lump sum: Rs. 500 and in multiples of Rs. 500 thereafter
For SIP: Rs. 3,000 (minimum single investment of Rs. 500 and in multiples of Rs. 500 thereafter, minimum 6 instalments).
Entry Load
NIL
Exit Load

No Exit Loads/CDSC will be chargeable in case of switches made between different options of the Scheme.

No Exit loads will be chargeable in case of; (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any.

In case of units switched out/systematically transferred to another option within the Scheme and if subsequently redeemed, for the purpose of determining the Exit Load, the date when such units were first allotted in the Scheme will be considered as the purchase/allotment date.

Annual Recurring Expenses (As on 18th February, 2017)
2.10%
Annual Recurring Expenses for Direct Plan (As on 18th February, 2017)
1.60%
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 Tax Advantage Fund - Overview
It's the tax saving advantage of the year. Invest with L&T Tax Advantage Fund and save up to Rs. 46,350# in tax. Then, grow your tax saving for your future instead of paying tax.

L&T Tax Advantage Fund - Key Benefits
Two-in-One Benefit
Tax saving plus a smarter investment for the future
Three-year lock-in period
Much shorter than most investment options that qualify for tax deduction under Section 80 C! Helps the fund manager to maximise potential returns from equities
Greater diversification for risk control
'Go anywhere' approach - no cap, sector or style bias
360-degree research
Every stock is handpicked and stock selection is underpinned by first-hand research
SIP available
Investment instalments can be planned as part of a monthly budget
L&T Tax Advantage Fund - Risk Factors
Investment Style Details
Scheme Classification
An open ended equity linked savings scheme.
Investment Objective
To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
This product is suitable for investors who are seeking*
  • Long term capital growth
  • Investment predominantly in equity and equity-related securities
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Normal Asset Allocation
Instruments Indicative Allocation (% of net assets) Normal Allocations (% of net assets) Risk Profile
  Maximum Minimum    
Equity and equity related securities* 100% 80% 95% High
Money market instruments 20% 0% 5% Low to Medium

*Includes investments in offshore securities, ADRs and GDRs not exceeding 10% of the net asset of the Scheme subject to SEBI Guidelines.

Terms of issue
Units are available on an ongoing basis at the Applicable NAV.


Minimum purchase amount Rs. 500
Minimum additional purchase amount Rs. 500
Minimum redemption amount/units Rs. 500/50 Units
Scheme Information Document, Key Information Memorandum and Application Forms / Transaction Slips available at the ISCs / distributors.

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
Not Applicable
Exit

No Exit Loads/CDSC will be chargeable in case of switches made between different options of the Scheme.

No Exit loads will be chargeable in case of; (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any.

In case of units switched out/systematically transferred to another option within the Scheme and if subsequently redeemed, for the purpose of determining the Exit Load, the date when such units were first allotted in the Scheme will be considered as the purchase/allotment date.

General Services

Investors can contact any of the ISCs at its toll-free number "1800 2000 400". NAVs will be calculated and published on all Business Days. Purchase on all Business Days. Redemption on all Business Days subject to completion of the lock in period of 3 years.

Risk factors

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

L&T Tax Advantage Fund - How to Invest
To invest online

Click here to invest online instantly*.


In case you require any more information on investing in the L&T Tax Advantage Fund, please call our toll-free Investor Line on 1800 2000 400 between 9am to 6pm on any business day.
To invest offline

Click here to download the KIM and Application form.
Or
Contact your Relationship Manager at your bank, your adviser or your distributor for an application form.
L&T Tax Advantage Fund - Downloads