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UTI Long Term Advantage Fund S-III

Rating (source: Value Research)

NAV as on 09/12/2016 for

Rs. 10.9430.0704 (0.64%)
  • Overview

  • Performance

  • Portfolio

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    Manager
  • Scheme
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Investment Objective

The investment objective of the scheme is 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. However, there can be no assurance that the investment objective of the Scheme will be realized.

NFO Opens
Friday, December 18, 2015
NFO Closes
Tuesday, March 22, 2016
Allotment Date
Wednesday, March 30, 2016
Scheme Tenure
10 years
For Redemption
Monday, April 1, 2019
Maturity Date
Monday, March 30, 2026
Type
A 10 year Close-ended Equity Linked Savings Scheme
Offer Price
Offer of Units of Rs. 10/- per unit for cash during the New Fund Offer period
Minimum Application amount
Minimum investment is Rs.500/- and in multiples of Rs.500/- hereafter with no upper limit. However, as per section 80 C of the Income Tax Act, 1961, the tax benefit will be available only upto a maximum amount of Rs.1,50,000/- (along with other prescribed investments).
Plans and Options
The scheme offers following plans
Regular Plan
Direct Plan
The Scheme / Plan(s) offers the following Option(s):
(i)Growth Option(ii)Dividend Option with Payout and Switch facility [Dividend Transfer Plan (DTP)].

For further details refer to SID
Fund Managers
Fund Manager

Mr. Lalit Nambiar

Lalit Nambiar is a Commerce Graduate and has done his Masters of Management Studies (MMS) and Chartered Financial Analyst (CFA).

Know More
Portfolio (as of Nov 2016)

Sectoral Breakdown
(% as compared to Benchmark)

Market Capitalisation (%)

Large Mid Small
43.00 46.00 11.00

View complete asset allocation
Why should one invest?
  1. An ideal plan Long Term Wealth Creation
  2. Tax rebate upto Rs. 1,50,000/- under section 80C of IT Act, 1961
  3. No tax on long-term gains, as per the present tax laws
  4. Option of withdrawal after 3 years from the date of allotment, also gives the benefit of liquidity.

Tax Angle

Tax benefits under section 80C
-Contribution made will be eligible for deduction of the whole amount paid or deposited subject to a maximum of Rs.1,50,000 under Section 80 C of Income Tax Act, 1961 for the persons and on the terms and conditions as provided therein.
-For further details on Taxation, please refer to the clause on Taxation in the SID

This product is suitable for investors who are seeking*:

  • Long term capital growth
  • Investment in equity instruments of companies with good growth prospects
  • Moderately High Level

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Sectoral Breakdown (as of 30th Nov 2016)
Fund Manager - Biography
Fund Manager

Mr. Lalit Nambiar

Lalit Nambiar is a Commerce Graduate and has done his Masters of Management Studies (MMS) and Chartered Financial Analyst (CFA). He has been associated with UTI AMC Ltd. since December 2006. He is presently functioning as a Co-Fund Manager & Head of Research. He has an overall industry experience of 15 years having worked with good corporates like IIT Investrust Ltd., UTI Securities Exchange Ltd. and SBI Capital Markets Ltd.

Minimum Application Amountt Minimum investment is Rs.500/- and in multiples of Rs.500/- hereafter with no upper limit. However, as per section 80 C of the Income Tax Act, 1961, the tax benefit will be available only upto a maximum amount of Rs.1,50,000/- (along with other prescribed investments).
Period of Holding Nil Nil
Entry Load N.A Nil
Exit Load(as % of NAV) Nil Nil
As per ELSS guidelines redemption of units will be allowed after an initial Lock-in-Period of 3 years from the date of allotment.
For Redemptions made on the Maturity Date / Final Redemption Date, the AMC will not charge any Exit Load.
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