(As of 30 Apr, 2019)
To generate long term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments.
(since 29 Mar, 2018)
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
HDFC Bank Ltd
Reliance Industries Ltd
Housing Development Finance Corp Ltd
ELSS or Equity Linked Saving Schemes can help you with a two-fold benefit of saving your taxes and growing your money. ELSSare open-ended Equity Mutual Funds, investments in which qualify for tax exemptions under section 80C of the Income Tax Act of 1961. The scheme invests at least 80% of its total assets in equity and equity-linked instruments and comes with a mandatory lock-in period of 3 years. Returns from ELSS investments over and above 1 lac rupees are subject to LTCG (Long-Term Capital Gains) Tax at 10%.
Given that these funds are passively managed, it also reduces the expense ratio and other fees making them cost efficient.
This fund is rated 4 stars by Morning Star Ratings.
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