Motilal Oswal ELSS Tax Saver Fund - Direct Plan

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Value Research Rating

4 star

Analyst’s Choice

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Riskometer

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Very High

₹60.8748 -2.02%

As on 03-Oct-2024

Returns

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Calculate SIP Returns of Motilal Oswal ELSS Tax Saver Fund - Direct Plan

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Very High risk.

Low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of Motilal Oswal ELSS Tax Saver Fund - Direct Plan

Asset Allocation

Split between different types of investments

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Market Cap Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of Motilal Oswal ELSS Tax Saver Fund - Direct Plan

Assets info

₹3,984 Cr

Exit Load (Days) info

--

Min. Investment (₹)

500

Min. Withdrawal (₹)

500

Min. SIP Investment (₹)

500

Min. No of Cheques

12

Investment Strategy

The Scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.

Suitability

"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Capital Gains Taxation

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1.25 lakh in a financial year are exempt from tax. Gains over Rs 1.25 lakh are taxed at the rate of 12.5%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 20%.
  • No tax is to be paid as long as you continue to hold the units.

Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.

Dividend Taxation

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.
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FAQ for Motilal Oswal ELSS Tax Saver Fund - Direct Plan

Motilal Oswal ELSS Tax Saver Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in equity stocks. It offers tax exemption under Section 80C of the Indian income tax laws. As per this section, investments of up to Rs 1.5 lakh in a financial year in eligible securities are exempt from tax.

Mutual funds can be bought directly from the website of the fund house. For instance, Motilal Oswal ELSS Tax Saver Fund - Direct Plan fund can be purchased from the website of Motilal Oswal Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of Motilal Oswal ELSS Tax Saver Fund - Direct Plan is ₹60.8748 as of 04-Oct-2024.

The AUM of Motilal Oswal ELSS Tax Saver Fund - Direct Plan Fund is ₹3,984 Cr as of 31-Aug-2024

The riskometer level of Motilal Oswal ELSS Tax Saver Fund - Direct Plan is Very High. See More

As of 31-Aug-2024, Motilal Oswal ELSS Tax Saver Fund - Direct Plan had invested 95.87% in Equity, 4.21% in Debt and -0.09% in Cash & Cash Eq. See More

Motilal Oswal ELSS Tax Saver Fund - Direct Plan is 9 years 8 months old. It has delivered 20.45% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
65.06%
27.26%
26.74%
19.51%
--
20.45%

Yes, There is lock in period in Motilal Oswal ELSS Tax Saver Fund - Direct Plan.

The expense ratio of Motilal Oswal ELSS Tax Saver Fund - Direct Plan is 0.65.