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Equity Returns + Tax Benefit
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Shriram Long Term Equity Fund
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What is Shriram Long Term Equity Fund?
An open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. The fund shall be investing in a diversified portfolio of predominantly equity and equity-related securities. Eligible investors in the Scheme shall be entitled to deductions of the amount invested in units of the Scheme under Section 80C of the Income Tax Act, 1961.
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What is the Investment Objective?
The primary investment objective of the Scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities and to enable investors to avail the income tax rebate, as permitted from time to time.
However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
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What is the suitability of this scheme?
The scheme is suitable for investors who have the objective of wealth creation (by investing into equity) as well as tax saving.
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What is the asset allocation?
The scheme shall invest a minimum of 80% and a maximum of 100% in equity and equity-related instruments. The balance, between 0% to 20%, would stay invested in debt securities including money market instruments.
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What is the Fund Management Process & Investment Style?
The Fund follows a top-down and bottom-up approach to select the best quality companies in the sectors that offer best economic potential.
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Who is the Fund Manager of the Scheme?
The scheme is being currently managed by Mr. Kartik Soral along with Ms. Gargi Bhattacharyya Banerjee.
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How has the fund performed?
Returns of Regular Plan - Growth Option as on October 14, 2021
Date of inception: 25-Jan-2019
AUM Rs.(in crore) 44.60 NAV Rs. 16.4073
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| Date | Period | NAV (Rs.) Per Unit | Scheme Returns (%) | Scheme Benchmark Returns (%) | Additional Benchmark (NIFTY50) Returns(%) | | Value of Investment of Rs.10000 | | Scheme | Scheme Benchmark | Additional Benchmark (NIFTY50) |
| | October 14, 2020 | Last 1 Year | 11.4066 | 43.84 | 63.23 | 55.03 | | | NA | Last 3 Year | NA | NA | NA | NA | | | NA | Last 5 Year | NA | NA | NA | NA | | | NA | Last 10 Year | NA | NA | NA | NA | | | January 25, 2019 | Since Inception | 10.0000 | 19.96 | 24.32 | 23.05 | |
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Returns of Direct Plan - Growth Option as on October 14, 2021
Date of inception: 25-Jan-2019
AUM Rs.(in crore) 2.96NAV Rs. 17.2816
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| Date | Period | NAV (Rs.) Per Unit | Scheme Returns (%) | Scheme Benchmark Returns (%) | Additional Benchmark (NIFTY50) Returns(%) | | Value of Investment of Rs.10000 | | Scheme | Scheme Benchmark | Additional Benchmark (NIFTY50) |
| | October 14, 2020 | Last 1 Year | 11.7967 | 46.50 | 63.23 | 55.03 | | | NA | Last 3 Year | NA | NA | NA | NA | | | NA | Last 5 Year | NA | NA | NA | NA | | | NA | Last 10 Year | NA | NA | NA | NA | | | January 25, 2019 | Since Inception | 10.0000 | 22.27 | 24.32 | 23.05 | |
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NIFTY 500 TRI value is the scheme benchmark.
As per SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/2018/04 dated Jan 04, 2018, the performance of the scheme is benchmarked to the Total Return variant of the Index.
The returns are Compounded Annual Growth Returns (CAGR) for the past 1 year & since inception and simple annualized for less than 1 year. Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan-Growth Option & Direct Plan-Growth Option.
Performance of Income Distribution cum Capital Withdrawal (IDCW) option would be Net of Dividend distribution tax, if any. For computation of return since inception (%) the allotment NAV has been taken as Rs. 10.00. Point-to-point returns on a standard investment of Rs. 10,000/- are in addition to CAGR for the Scheme.
Past performance may or may not be sustained in future. Load is not considered for computation of returns. In case, the start/end date of the concerned period is a non business date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period.
The scheme is being currently managed by Mr. Kartik Soral along with Ms. Gargi Bhattacharyya Banerjee with effect from January 22, 2021.
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What is the minimum investment amount?
Minimum investment amount is Rs. 500/- and in multiples of Rs. 500/- thereafter. Under Systematic Investment Plan, the minimum amount is Rs. 500/- monthly and Rs. 1,500/- quarterly.
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Is there any entry – exit load?
There is no entry load or exit load.
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What is the tax treatment of investment of Shriram Long Term Equity Fund?
As per the current tax law, dividends are tax-free in the hands of the investor. Long-term capital gains, after the 3-year lock-in, shall be tax free upto Rs. 1 lakh; capital gains exceeding Rs. 1 Lakh shall be taxed at the rate of 10% without allowing the benefit of any indexation.
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Disclaimer: MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME
RELATED DOCUMENTS CAREFULLY. With regard to taxation, investors are advised to consult their tax consultants to know the consequences of tax, if any. Income Tax benefits to the mutual fund & to the unit-holder are in accordance with prevailing tax law. The investor shall be solely responsible for any action taken based on this document. Shriram Mutual Fund, Shriram Asset Management Company Limited, Board of Trustees-Shriram Mutual Fund and their associates shall not be liable in any manner for the consequences of such action taken by the investor.
Risk Factors:All investments in mutual funds and securities are subject to market risks and the NAV of the Scheme may go up or down depending upon the factors and forces affecting the securities market. There can be no assurance that the Scheme's investment objective will be achieved. The past performance of the Mutual Fund is not indicative of the future performance of the Scheme. The scheme inception date was January 25, 2019. The Sponsor is not responsible or liable for any loss resulting out of the operation of the Scheme beyond the initial contribution of Rs.1 Lakh made towards setting up the Mutual Fund. Shriram Long Term Equity Fund is only the name of the Scheme and does not in any manner indicate the quality of the Scheme or its future prospects or returns. There is no guarantee or assurance as to any return on investment of the unit holders. The investments made by the Scheme are subject to external risks on transfer, pricing, trading volumes, settlement risks, etc. of securities. Please refer to the Offer Document/Statement of Additional Information/Key Information Memorandum of the scheme before investing.
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