3 Year return
21.83%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderately High Risk
Asset Under Management
₹52.72 Cr.
Expense Ratio
1.76% (inclusive of GST)
Exit Load
Nil
Tax Implications
Withdrawal after 3 years:
12.5% tax on gains above ₹1.25 lakh per financial year
Fund Holdings
SBI Mutual Fund Managers
RS
R Srinivasan
Fund Manager since Apr 2022
Fund House Details
SBI Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Motilal Oswal ELSS Tax Saver Fund |
30.45% |
2.5 |
Bank of India ELSS Tax Saver |
22.66% |
3 |
Quant ELSS Tax Saver Fund |
21.52% |
3.5 |
Schemes by SBI Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
SBI Arbitrage Opportunities Fund Direct Plan IDCW Payout
Hybrid . Arbitrage Fund
SBI Arbitrage Opportunities Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
SBI Arbitrage Opportunities Fund Direct Plan Gr
Equity . Sectoral / Thematic
SBI Automotive Opportunities Fund Direct Plan Growth
Equity . Sectoral / Thematic
SBI Automotive Opportunities Fund Direct Plan IDCW Payout
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 | 26.68% |
Expense Ratio | 1.76% |
Fund Manager | R Srinivasan |
Fund Size | ₹52.72 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 3333 1800 425 5425 |
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.
Choose the SIP Amount That Suits You the Best
FAQs
What is today's NAV of SBI Long Term Advantage Fund Series I?
What is the AUM of SBI Long Term Advantage Fund Series I?
What is the expense ratio of SBI Long Term Advantage Fund Series I?
What are the returns of SBI Long Term Advantage Fund Series I since inception?
What is the minimum SIP amount to invest in SBI Long Term Advantage Fund Series I?
How do I invest in SBI Long Term Advantage Fund Series I?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- 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?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in SBI Long Term Advantage Fund Series I?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- 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?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.