Larsen and Toubro Tax Advantage Fund has given 80 per cent returns in one year and 200 per cent in 10 years. Also, there is an advantage of tax exemption in this.
If you want to get high returns along with tax exemption in the new financial year, then you have a good chance. Because L&T Tax Advantage Mutual Fund has given strong returns. Experts said that in the last one year, this scheme has given 78 percent return. At the same time, the returns of the benchmark during this period were 83.93 percent and the category average was 76.56 percent. In three years, the scheme has given 21 per cent returns. In five years, the returns of the scheme were 90 per cent.
L&T Tax Advantage Fund Growth
Experts say that this is an ELSS fund scheme. Under this scheme, there is an advantage of tax saving under section 80C. Tax exemption can be availed by investing up to Rs 1.5 lakh in investor mutual funds.
In this, SIP can be started from 500 rupees. Its expense ratio is 2.0 percent. Exit load is not applicable. Its fund managers are Venugopal Manghat and Vihang Nayak.
Some things must be remembered before investing in ELSS. First, do not invest in ELSS as they have the potential to give better returns in the long term.
You should invest money in ELSS only when you can afford to invest in equity scheme. Risk is associated with these schemes.
They can also become unstable in the short term. Of course, they have the potential to give higher returns in the long term. However, this should not be the only measure of investment in ELSS.
If you cannot take risks, do not invest in them. Remember that most of their investment is in stocks. If you do not want to take the risk, then there are options like Public Provident Fund (PPF), 5-year bank deposit etc.
Is it beneficial to invest in this fund?
Experts say that the manager of this fund changed a year ago. But the management of the new fund manager has been good.
He has made many big changes. The scheme is more inclined towards largecap. The portfolio is diversified. It may perform well in the coming days.
The fund has made several changes in the portfolio recently. The stock of Nestle India was incorporated in December 2020. Investments in HDFC Bank and SBI have increased.
It is not necessary to have a demat account to invest in the fund. SIP can also be done in these. But, check your risk profile before investing.
Index funds tracking equity, debt, gold and now international index have also arrived. Prateek Oswal believes that only through index funds can his entire portfolio be diversified.
