HDFC Long Term Advantage Fund ( ELSS ) is a multi cap mutual fund which provides Tax Saving benefits under section 80C.
Quick facts about the HDFC Long Term Advantage Fund ( ELSS )
- Launch Year: 2001
- Size of Fund: ~ 1600 crores
- Expense Ratio: 2.42 %
- Minimum Investment: Rs 500
- Minimum SIP Investment: Rs 500
- Exit Load: Nil
Performance of HDFC Long Term Advantage Fund ( ELSS )
- Return Since Launch: ~ 23%
- Return since last 10 years: ~ 12 %
- Return since last 5 years: ~ 18 %
- Return since last 3 years: ~ 13%
- Return since last 1 years: ~ 23%
What this essentially means is that this fund has given an average annual return of 27% every year since launch. If you had invested Rs 10,000 per month, your total savings of Rs 12 lakhs would have grown to Rs 29 lakhs over the last 10 years. See chart data below from ValueResearchOnline.com
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