3 Year return

23.86%
Launched on November 2014 (10 years)

Investment Details

₹NA

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Your Investment ₹3,00,000
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Risk Involved

scale

Your principal will be at

Moderately High Risk

Scheme Information

Asset Under Management

₹48.59 Cr.

Expense Ratio

1.76% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

SBI Mutual Fund Managers

RS

R Srinivasan

Fund Manager since Apr 2022

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹915,901.53 Cr.
No. of Schemes 213
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by SBI Mutual Fund

List of mutual fund schemes by AMC

About SBI Long Term Advantage Fund Series I Direct Plan Growth

The SBI Long Term Advantage Fund Series I Direct Plan Growth is a part of the mutual fund offerings by SBI Mutual Fund, a well-known and reputable asset management company in India. This fund falls under the Equity Linked Savings Scheme (ELSS) category, which means it provides the dual benefit of potential capital appreciation through equity investments while also offering tax-saving benefits under Section 80C of the Income Tax Act.

Investment Objectives of the Scheme

The primary objective of the SBI Long Term Advantage Fund Series I Direct Plan Growth is to generate long-term capital growth by investing in a diversified portfolio of equities and equity-related instruments. Since it's an ELSS fund, it comes with a lock-in period of three years from the date of investment, which aligns well with the fund's aim of fostering long-term wealth creation.

Key Features of The Fund

5-year return 24.34%
Expense Ratio 1.76%
Fund Manager R Srinivasan
Fund Size ₹48.59 Cr
Risk Profile Moderately High

Is This Scheme Right for Me?

This fund is suitable for investors who are looking for both capital appreciation and tax-saving benefits. If you have a long-term investment horizon and are comfortable with the volatility associated with equity investments, this fund could be a good fit. Additionally, individuals who wish to optimize their tax liability by investing in equity-linked savings schemes can benefit from this fund's tax-saving feature.

AMC Contact Details

Name SBI Mutual Fund
Launch Date June 1987
Addresss 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051
Contact 1800 209 33331800 425 5425
Email customer.delight@sbimf.com
Website https://www.sbimf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of SBI Long Term Advantage Fund Series I?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of SBI Long Term Advantage Fund Series I Jun 13 2024 is 41.8105

What is the AUM of SBI Long Term Advantage Fund Series I?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of SBI Long Term Advantage Fund Series I is 48.59 crore.

What is the expense ratio of SBI Long Term Advantage Fund Series I?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of SBI Long Term Advantage Fund Series I is 1.76%

What are the returns of SBI Long Term Advantage Fund Series I since inception?

The SBI Long Term Advantage Fund Series I was launched on Nov 01 2014. The fund has delivered a CAGR of 16.43 since inception.

What is the minimum SIP amount to invest in SBI Long Term Advantage Fund Series I?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for SBI Long Term Advantage Fund Series I is 0.

How do I invest in SBI Long Term Advantage Fund Series I?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in SBI Long Term Advantage Fund Series I?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in SBI Long Term Advantage Fund Series I?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in SBI Long Term Advantage Fund Series I?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.