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HDFC Long Term Advantage Fund - Tax Saving Mutual Fund

Objective of the Scheme:

 

The main objective of the scheme is to generate long term capital appreciation by investing in Equity and Equity related instruments.

The investments in this scheme have a lock in period of 3 years i.e. you cannot withdraw the amount for a period of 3 years from the date of your investment. The scheme was launched on January, 2001.

Options Available:

 

There are primarily two types of options available for investing.

·                           Dividend Option

·                           Growth Option

In dividend option, you can either choose for dividend payout or dividend reinvestment. If you choose dividend payout, you would be receiving the dividends and if you choose dividend reinvestment, then additional units would be bought and added to your folio for the dividend amount.

Entry Load:NIL

Exit Load:NIL

Minimum Investment Amount: Rs 500 monthly or Rs 1500 quarterly

Top Portfolio Holdings:

·                           ICICI Bank

·                           Tata Consultancy services Limited

·                           State Bank of India

·                           Infosys Technologies Limited

·                           Reliance Industries Limited

·                           Exide Industries Limited

·                           Bluestar limited

Returns from the Scheme:

·                           3 months – 8%

·                           6 months – 26%

·                           1 year – 30%

·                           3 Years – 8%

Please note the returns generated given above are approximate returns. The returns which are calculated for less than 1 year are absolute returns and the returns which are calculated for more than 1 year are compounded annualized returns. Please note in Mutual Funds, the past performance is not assured in future.

 

Views:

 

This is one of the leading TAX Saving Mutual Fund schemes which are performing more consistently. As you get tax benefits along with good returns for your investments, Long term investors can prefer to invest in this scheme.
 

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Also, know how to buy mutual funds online:

 

1) DSP BlackRock Mutual Funds:

http://prajnacapital.blogspot.com/2011/05/buying-dsp-blackrock-mutual-funds.html

 

2) Reliance Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-reliance-mutual-funds-online.html

 

3) Reliance Mutual Funds:

http://prajnacapital.blogspot.com/2011/07/buying-hdfc-mutual-funds-online.html

 

4) Sundaram Mutual Funds:

http://prajnacapital.blogspot.com/2011/07/buying-sundaram-mutual-funds-online.html

 

5) Birla Sunlife Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-birla-sunlife-mutual-funds.html

 

6) UTI Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-uti-mutual-funds-online.html

  

7) SBI Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-sbi-mutual-funds-online.html

 

8) Edelweiss Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-edelweiss-mutual-funds-online.html

 

9) IDFC Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-idfc-mutual-funds-online.html

 

 

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