The SBI Long Term Advantage Fund – Series III is a 10-year close-ended Equity Linked Savings Scheme (ELSS), which allows you to not only save tax on investment upto Rs. 1.5 lakhs, under Section 80C of the Income Tax Act 1961, but also to invest towards building wealth for the future. The mandate of this fund allows the fund manager to invest in companies for a long-term horizon and remain invested.
