L&T Mutual Fund
L&T Mutual Fund

L&T Tax Saver Fund

L&T Tax Saver Fund - Fund Facts
Fund objective
To provide long term capital appreciation by investing predominantly in equity and equity related instruments and also enabling investors to get income tax rebate as per the prevailing Tax Laws and subject to applicable conditions.
Inception date
November 28, 2005
Fund Managers
Mr. Vihang Naik
Benchmark index
Nifty 50
SIP availability
Yes
Options
Dividend (Payout / Reinvestment) & Cumulative
Minimum Investment
Rs.500 and in multiples of Rs.500 thereafter
Entry Load
NIL
Exit Load

NIL

Annual Recurring Expenses (As on 11th March, 2017)
2.67%
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 Saver Fund - Overview
Invest in L&T Tax Saver Fund, an open-ended equity linked savings schemes (ELSS), and save upto Rs 30,900 as per Section 80 C of the Income Tax Act 1961.

The 3-year lock-in period helps the fund manager to maximise potential returns from equities.
L&T Tax Saver Fund - Key Benefits

An Open Ended Equity Linked Tax Savings Scheme (ELSS)

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)

No entry and exit load.

Minimum investment of Rs 500.

The funds intends to buy stocks with growth at reasonable price (GARP).

Relative valuation with respect to sector and / or market plays an important role in stock selection

L&T Tax Saver Fund - Features
Investment Style Details
Scheme Classification
An Open Ended Equity Linked Tax Savings Scheme
Investment Objective
To provide long term capital appreciation by investing predominantly in equity and equity related instruments and also enabling investors to get income tax rebate as per the prevailing Tax Laws and subject to applicable conditions.
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) Risk Profile
  Maximum Minimum  
Equity and equity related securities^ (including Indian and foreign equity securities as permitted by SEBI/RBI*) 100% 80% Medium to High
Money market instruments 20% 0% Low to Medium

* Investments in securitized debt, if undertaken, will not exceed 20% of corpus of the scheme.

Terms of issue
Minimum purchase amount Rs. 500 and in multiples of Rs.500 thereafter
Minimum additional purchase amount Rs. 500 and in multiples of Rs.500 thereafter
Minimum redemption amount/units Rs. 500 and in multiples of Rs.500 thereafter


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

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 Saver Fund - How to Invest
In order to comply with requirements of ELSS 2005, subcription/ switch-in into L&T Tax Saver Fund is restricted with effect from November 23, 2012.
L&T Tax Saver Fund - Downloads