Widely used:Analyst’s Choice
Recently Viewed
Clear All
Value Research Rating
Analyst’s Choice
Riskometer
Very High
₹36.7451
As on 10-Sep-2024
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
|---|---|---|---|---|---|---|
|
Sundaram Long Term Tax Advantage Fund Series II - Direct Plan
|
|
Very High
|
loading... |
1.11 |
₹14 Cr
--
500
--
--
--
Investment Strategy
The scheme seeks to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit.
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
Dividend Taxation
Sundaram Long Term Tax Advantage Fund Series II - 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, Sundaram Long Term Tax Advantage Fund Series II - Direct Plan fund can be purchased from the website of Sundaram 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 Sundaram Long Term Tax Advantage Fund Series II - Direct Plan is ₹36.7451 as of 11-Sep-2024.
The AUM of Sundaram Long Term Tax Advantage Fund Series II - Direct Plan Fund is ₹14 Cr as of 31-Aug-2024
The riskometer level of Sundaram Long Term Tax Advantage Fund Series II - Direct Plan is Very High. See More
| Company | Percentage of Portfolio |
|---|---|
|
9.02
|
|
|
8.40
|
|
|
7.80
|
|
|
7.78
|
|
|
7.07
|
As of 31-Aug-2024, Sundaram Long Term Tax Advantage Fund Series II - Direct Plan had invested 96.14% in Equity and 3.86% in Cash & Cash Eq. See More
Sundaram Long Term Tax Advantage Fund Series II - Direct Plan is 8 years 5 months old. It has delivered 16.54% returns since inception. See More
|
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
|---|---|---|---|---|---|
|
27.76%
|
15.77%
|
21.30%
|
15.24%
|
--
|
16.54%
|
Yes, There is lock in period in Sundaram Long Term Tax Advantage Fund Series II - Direct Plan.
The expense ratio of Sundaram Long Term Tax Advantage Fund Series II - Direct Plan is 1.11.
