L&T Tax Saver Fund
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.
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
- Long term capital growth
- Investment predominantly in equity and equity-related securities
|Instruments||Indicative Allocation (% of net assets)||Risk Profile|
|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.
|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|
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.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.