What is a mutual fund?

In simple words, a fund is an investor’s safety deposit much like in earlier times when people used to store their savings into a bag of rice, in today’s times that bag has come with a new name that is the Mutual Fund.

How many types of mutual funds are there?

There are several types of funds such as: • Equity funds, primary investment in stocks and equity shares. Subcategories include large-cap, mid-cap, small-cap funds. • Debt funds • Money market funds • Hybrid funds • Specialized funds

What are the benefits of investing in funds?

Investing allows us with an opportunity to earn higher returns on our investment with minimal risks. It grows the capital invested in the long-term and provides a systematic way to secure one’s future.

Who gets your money in mutual funds?

The income generated on the funds is the interest gained on the invested amount which is fairly distributed among the investors.

Do mutual funds generate income?

Investing in funds is a great way to build capital. Long-term investments have proven to be a successful tool to create generational wealth. Deep analysis of the market and risk tolerance can help investors to earn good returns and generate income as well.

L&T Long Term Advantage Fund I - Dividend Payout

L&T Long Term Advantage Fund I - Investment Information

Equity
ELSS

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₹31.11 (0%)
Current NAV 2019-01-23
0%
Returns
Min. SIP ₹0

Min. Investment ₹0

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Fund Suitability Test

Investment Objective

The investment objective of the Scheme is to seek to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities and also enabling investors to get income tax rebate as per the prevailing Tax Laws and subject to applicable conditions.The investment policies shall be framed in accordance with SEBI (Mutual Funds) Regulations, 1996 and rules andguidelines for Equity Linked Savings Scheme (ELSS), 2005 (and modifications to them).

Basic Details

Key Information About Investing Details.

CategoryELSS
KRACAMS
Inv. PlanGrowth
Launched In19-Mar-09
BenchmarkS&P BSE 200
Fund TypeOpen-Ended
Fund HouseL&T Mutual Fund

Investment Details

Check the Fund’s General Information

Fund size