Tax Saving HDFC Long Term Advantage Fund Declares Dividend
Record Date for Dividend: 10/02/2011
Quantum Of Dividend: Rs 4 per unit
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.
Invest Online:
Benefits of Investing Online:
- You can purchase, redeem and order any transactions online.
- There is no need for you to contact the broker or any intermediate person for the transaction.
- You can view all the portfolio details of your folios online.
- You can generate Account Statements; view the past transactions and any other details.
- You can update your personal details online.
Happy Investing!!
Disclaimer:
“Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. Please read the Statement of Additional Information and Scheme Information Document carefully before investing”.
“In Mutual Funds, the past performance is not guaranteed in future”.
The information contained in this website has been obtained from sources considered to be authentic and reliable. However, InvestMutualfunds.net is not responsible for any error or inaccuracy or for any losses suffered on account of information.
