3 Year return

25.24%
Launched on December 2015 (9 years)

Investment Details

₹NA

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Moderately High Risk

Scheme Information

Asset Under Management

₹76.67 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 after 3 years:

10% tax on gains above ₹1 lakh per financial year

Fund Holdings

Holdings

SBI Mutual Fund Managers

RS

R Srinivasan

Fund Manager since Apr 2022

View Details

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹990,090.20 Cr.
No. of Schemes 216
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 III Direct Plan Growth

The SBI Long Term Advantage Fund Series III Direct Plan Growth is a part of SBI Mutual Fund, which is one of the renowned names in the Indian mutual fund industry. This fund falls under the category of Equity Linked Saving Scheme (ELSS), also known as a tax-saving mutual fund.

Investment Objectives of the Scheme

The primary objective of the SBI Long Term Advantage Fund Series III Direct Plan Growth is to provide investors with the opportunity for long-term capital appreciation through investments in a diversified portfolio of equity and equity-related securities. Additionally, being an ELSS fund, it also offers tax benefits under Section 80C of the Income Tax Act.

Key Features of The Fund

5-year return 27.19%
Expense Ratio 1.76%
Fund Manager R Srinivasan
Fund Size ₹76.67 Cr
Risk Profile Moderately High

Is This Scheme Right for Me?

This fund is particularly suitable for individuals who are looking for a combination of potential capital growth and tax savings. It's ideal for those who have a long-term investment horizon and are willing to stay invested for at least three years, as ELSS funds come with a mandatory lock-in period of three years. Additionally, if you want exposure to equities with the added benefit of tax deductions, this fund could be a suitable choice for your investment portfolio.

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
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 Iii?

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 Iii Jul 19 2024 is 46.7746

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

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 Iii is 76.67 crore.

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

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 Iii is 1.76%

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

The SBI Long Term Advantage Fund Series Iii was launched on Dec 31 2015. The fund has delivered a CAGR of 20.41 since inception.

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

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 Iii is 0.

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

  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 Iii?

  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 Iii?

  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 Iii?

  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.