​​A lot can change in 10 years. And we want you to make the most of it. All companies need time to grow and realise their potential in the market. The goal is to invest in companies with solid fundamentals and remain invested. So, as they grow, the money you have invested in them grows. And if you save tax on your investments, the benefit is just greater.

Investment Ob​jective: 


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. ​


 
WEALTH CREATION & TAX ​SAVING​​​​​


The SBI Long Term Advantage Fund – Series VI is a 10-year close-ended Equity Linked Savings Scheme (ELSS), which helps you to not only save tax on investment upto 1.5 lakhs, under Section 80C of the Income Tax Act 1961, but also helps you 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.

KEY FEATURES:​​​​​​


  • Type of schem​e: A 10-year close-ended Equity Linked Savings Scheme.

  • Triple Benefits of investing in SBI Long Term Advantage Fund – Series VI​: Tax Savings, Potential Capital Appreciation and Tax Free Returns​.

  • ​To identify stocks across market cap utilising asset allocation, top-down and bottom-up approach.

  • ​No Investment bias: The scheme will seek opportunities across market capitalisation, i.e. large caps, mid caps and small caps.​

  • Targete​d towards investors wishing to save tax, tax-free returns and having a long-term investment horizon.

  • Plans / Options offered: The scheme has two plans, viz. Direct Plan & Regular Plan. Both plans will have two options - Growth and Dividend. Dividend option has the facility of payout and transfer.

  • Benchmark: S&P BSE 500 Index.

  • Minimum Application: 500/- and in multiples of ​500/- thereafter.

  • Tax Saving through ELSS


  • ​ELSS (Equity Linked Savings Scheme) are diversified equity funds with a lock-in period of 3 years.
  • Tax benefits under Section 80C of the Income Tax Act, 1961 according to which investment upto 1.5 lakhs in ELSS is deductible from taxable income.
  • ELSS helps in saving considerable amount of taxes if planned efficiently as shown in the table below
​​
​​Annual Taxable IncomeTax before investment in ELSS Maximum Amount to invest in ELSSTaxable income post ELSS investmentTax after InvestmentSavings
400000750015000025000007500
600000325001500004500001000022500
800000725001500006500004250030000
10000001125001500008500008250030000
1200000172500150000105000012750045000​

The above information has been given for reference purposes only. Investors are advised to consult their own tax / financial adviser before taking any decision on investments. The tax calculations shown above are as per the income tax slab applicable to Individual/HUF assessee for FY 2018-19 exclusive of cess and surcharge. Please note as per Union Budget 2018, Long Term Capitail Gains tax on equity-oriented mutual fund schemes are taxed at 10% (without  ​the benefit of indexation) if an indivisual's total capital gains cross 1 lakh in financial year.

ELSS VS. OTHER TAX SAVINGS PRODUCTS​​


​Particulars​​PPF*NSCELSSBank Fixed DepositsULIPs
Tenure (years)15​5355
Minimum
Investment
500100500100010000
Max
Investments under
Section 80C
1,50,0001,50,0001,50,0001,50,000​​1,50,000
Safety/Risk ProfileHighest  SafetyHighest  SafetyHigh RiskLow RiskModerate
to High Risk
Return  (CAGR) %Q1 = 7.90%^ Q2 & Q3 = 7.80%^ Q4 = 7.60%^​7.80%^Market Linked6.75#Market
Linked
Interest FrequencyCompounded
Annually
Compounded
Half-Yearly
No Assured Dividends/ ReturnsCompounded
Quarterly
N.A
Taxation  of InterestTax FreeTaxableDividends  & Capital Gains are TaxableTaxableN.A


 

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