The SBI Long Term Advantage Fund – Series V is a 10-year close-ended Equity Linked Savings Scheme (ELSS), which helps you to not only save tax on investment upto 1.5 lakhs, under Section 80C of the Income Tax Act 1961, but also helps you to invest towards building wealth for the future. The mandate of this fund allows the fund manager to invest in companies for a long-term horizon and remain invested.
The scheme is suitable for those who want to seek capital appreciation over a period of 10 years by investing predominantly in equity & equity-related instruments of companies.
|MUTUAL FUND||SBI Mutual Fund|
|SCHEME NAME||SBI Long Term Advantage Fund – Series V|
|SCHEME TYPE||Close Ended|
|NEW FUND LAUNCH DATE||21/12/17|
|NEW FUND OFFER CLOSURE DATE||20/03/18|
|ENTRY & EXIT LOAD||–|
|MINIMUM SUBSCRIPTION AMOUNT||₹ 500/- and in multiples of ₹ 500/- thereafter|
Disclaimer: Mutual fund Investments are subject to market risks. Please read all the scheme related documents carefully before investing.