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UTI Long Term Equity Fund (Tax Saving)

Equity - ELSS

About

UTI Long Term Equity Fund (Tax Saving) is an open-ended Equity Linked Savings Scheme (ELSS). The Fund was launched in December 1999 and has been in existence for more than 22 years.

Mr. Vishal Chopda has been managing the fund since August 2019. As of April 30, 2022, the fund has 2,65,333 investor folios, Assets Under Management (AUM) of Rs. 2,844 crores with an expense ratio of 1.82% for Regular Plans and 1.08% for Direct Plans. There is no entry and exit load, however the fund carries a prescribed lock-in period of three years, applicable for all ELSS.

This mutual fund tax saver fund invests predominantly in equities and equity-related securities across the market capitalisation spectrum with a bias towards large-caps. The Fund carries a top-down approach for sector selection and a bottom-up for stock selection. It follows a blended style of investing with a preference for companies with consistent cash flow generation, healthy balance sheet and reasonable valuations. Additionally, the fund follows a well-defined investment criterion that limits excessive concentration at sector and stock level.

UTI Long Term Equity Fund - Features and Benefits

  • The fund invests at least 80% in equities as per the provision of Equity Linked Savings Scheme, 2005, notified by the Ministry of Finance.
  • Tax benefit under Section 80C available for investments in the fund up to Rs. 1.50 lakh a year
  • The fund carries a lock-in period of three years from the investment date. However, the investment continues even after the expiry of the lock-in period.
  • One can conveniently invest in this fund through the UTI Mutual Fund website and mobile app.
  • Investments in this tax saving plan can be made through lump sum or Systematic Investment Plans (SIPs).
  • Minimum investment can be as low as Rs. 500 for the Growth option and Income Distribution cum Capital Withdrawal (ICDW) option.
  • The gains from UTI Long Term Equity Fund (Tax Saving) are taxed at a rate of 10% (long-term capital gain tax applicable for equity schemes). Additionally, such gains are exempt from taxes up to Rs. 1 lakh per year for all equity shares and equity funds.
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Snapshot

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Inception
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Returns
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Fund Facts

Month End AuM
Monthly Avg. AuM
No. of Folio Accounts
Minimum Investment Amount
Total Expense Ratio
Benchmark Index
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Fund Performance

Period Fund Performance Vs Benchmark (CAGR) Growth for Rs 10,000 /-
NAV (%) NAV (Rs)

"Different plans have a different expense structure. The performance details provided herein are of Regular plan." * CAGR - Compounded annualized Growth Rate

"Different plans have a different expense structure. The performance details provided herein are of Regular plan." * CAGR - Compounded annualized Growth Rate

Portfolio

Fund Benchmark Net
Current Asset Allocation
Top 10 Holdings
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Fund Managers

Frequently asked questions

    What is an ELSS Fund?

    ELSS (Equity Linked Saving Scheme) is an open-ended equity mutual fund with a statutory lock-in of 3 years and tax benefit. They are also known as tax-saving funds. The Income Tax Act, under section 80C, allows taxpayers to invest up to INR 1.5 lakh in ELSS schemes and claim it as a deduction from their taxable income.

    How are the returns of UTI Long Term Equity Fund (Tax Saving)?

    UTI Long Term Equity Fund (Tax Saving) has given 15.41% CAGR since inception of the fund in Dec 15, 1999 as against benchmark index Nifty 500 14.46% as of September 30, 2021. For more details kindly visit UTI Mutual Fund

    How do I invest in UTI Long Term Equity Fund (Tax Saving)?

    Investors can simply log on to utimf.com or use UTI Buddy Application and start investing subject to KYC compliance. Investors may also approach nearest UTI Financial Centres (UFCs). Alternatively, you may also approach your mutual fund distributor, financial advisor or various online platform for investments.

    What is the current NAV of UTI Long Term Equity Fund (Tax Saving)?

    The NAV of UTI Long Term Equity Fund (Tax Saving) is Rs. 145.0712 for Regular Plan Growth option as of September 30, 2021. The same can be accessed by visiting UTI Mutual Fund website https://www.utimf.com/mutual-fund-products/solution-based-funds/uti-long-term-equity-fund-tax-saving/

    Tax Benefits of investing in UTI Long Term Equity Fund (Tax Saving)

    As per the present tax laws, eligible investors (individual/ HUF) are entitled to deduction from their gross total income, of the amount invested in equity linked saving scheme (ELSS) up to Rs. 1,50,000/- (along with other prescribed investments) under Section 80C of the Income Tax Act, 1961. Tax benefits are subject to the provisions of the Income Tax Act, 1961 and are subject to amendments, from time to time.

    What is the investment objective of UTI Long Term Equity Fund (Tax Saving)?

    The primary objective of the scheme is to invest predominantly in equity and equity related securities of companies across the market capitalization spectrum. Securities shall also include fully/ partly convertible debentures/ bonds.