3 Year return

21.9%
Launched on December 2016 (8 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

₹222.47 Cr.

Expense Ratio

1.75% (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 IV Direct Plan Growth

The SBI Long Term Advantage Fund Series IV Direct Plan Growth is a part of SBI Mutual Fund, one of the leading mutual fund houses in India. This specific fund falls under the category of Equity Linked Savings Scheme (ELSS). ELSS funds are known for their potential to provide tax benefits under Section 80C of the Income Tax Act while offering exposure to the equity market.

Investment Objectives of the Scheme

The primary objective of the SBI Long Term Advantage Fund Series IV Direct Plan Growth is to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments. These could include stocks of companies across different market capitalizations and sectors. The fund aims to offer growth opportunities while also providing the advantage of tax savings.

Key Features of The Fund

5-year return 31.72%
Expense Ratio 1.75%
Fund Manager R Srinivasan
Fund Size ₹222.47 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 benefits. If you have a long-term investment horizon and are comfortable with market fluctuations associated with equity investments, this fund could be a good fit. Additionally, individuals who are seeking to optimize their tax liability under Section 80C can consider investing in ELSS funds like SBI Long Term Advantage Fund Series IV Direct Plan Growth. It's important to note that while ELSS funds offer tax benefits, they come with a mandatory lock-in period of three years. This lock-in can serve as a way to align your investment horizon with the long-term growth potential of equities.

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.

Build Investment Discipline with SIPs

SIPs instill a habit of disciplined saving. By automating your investments, you ensure consistent contributions towards your financial goals. Plan your SIP investment strategy the SIP investment calculator. This tool helps you estimate returns and stay on track with your long-term investment plan.

FAQs

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

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 Iv Jul 19 2024 is 50.7972

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

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 Iv is 222.47 crore.

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

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 Iv is 1.75%

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

The SBI Long Term Advantage Fund Series Iv was launched on Dec 30 2016. The fund has delivered a CAGR of 24.91 since inception.

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

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 Iv is 0.

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

  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 Iv?

  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 Iv?

  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 Iv?

  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.