L&T Tax Advantage Fund * Return since Launch: 13.63% Invest Now

L&T Tax Advantage Fund Overview

L&T Tax Advantage Fund is an open-ended ELSS Fund. This Fund is managed by Mr. S.N. Lahiri. L&T Tax Advantage Fund was launched on 27th February 2006. The benchmark of this fund is S&P BSE 200 TRI index. Exit Load is zero for L&T Tax Advantage Fund. This fund will help you to save your tax under section 80C up to Rs. 1.5lakh. As this is an ELSS Fund so this fund invests in equity so the return is also high. L&T Tax Advantage Fund has 96.97% investment in Indian stocks of which 57.88% is in large cap stocks, 26.04% is in Mid Cap Stocks, and 12.85% is in small cap stocks. The risk of this fund is moderately high.

Eligibility criteria of L&T Tax Advantage Fund

  • Adult citizens residing in India.
  • Minor through legal guardians/parents.
  • Limited liability partnership.
  • Religious and charitable trusts.
  • Banking and financial institutions
  • Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
  • The Karta of Hindu Undivided Family (HUF)
  • Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
  • Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
  • Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
  • Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations.

Documents required for L&T Tax Advantage Fund

KYC Documents:

  • PAN Card
  • Adhaar Card
  • Voter’s ID
  • Passport Size Photo
  • Download the KYC form
  • The investors will be issued an acknowledgement receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme.

Advantages of L&T Tax Advantage Fund

  • Small investment option.
  • Well organized investment.
  • Quick purchase and sell option.
  • You can track your investment.
  • You can invest in either SIP or lump sum way.
  • L&T Tax Advantage Fund is managed by experienced professionals.
  • L&T Tax Advantage Fund gives tax benefit under section 80C the maximum amount is Rs. 1.5lakh.
  • All Mutual Fund Companies are regulated by SEBI so no one will fly away with your hard earned money.
*Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not an indicator of future returns.