UTI Long Term Advantage Fund- Series V : Allows Income Tax Concession in multiple ways..! - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Sunday, January 29, 2017

UTI Long Term Advantage Fund- Series V : Allows Income Tax Concession in multiple ways..!

UTI Long Term Advantage Fund- Series V

UTI Mutual Fund has launched a new 10 year close ended Equity Linked Savings Scheme, UTI Long Term Advantage Fund –Series V. The fund was launched on December 22, 2016 

The investment objective of the fund is to generate capital appreciation over a period of 10 years by investing predominantly in equity and equity related instruments of companies along with income tax benefit. The fund will follow an investment strategy of bottom up picking of stocks to benefit from the low base effect, visible earnings expansion and revival in the domestic cyclicals. Given the long term investment horizon of the fund, suitable for investors looking to benefit from distinctive and concentrated portfolio primarily focussed on the business cycle and complements current investor portfolios that are pre-dominantly geared towards non-cyclicals.

The tenure of the fund is 10 years with lock in period of 3 years. During the NFO period the fund sold at face value of Rs.10. 

No entry or exit loads are applicable. The fund offers 2 plans- Direct and Regular and 2 options viz. Growth and Dividend option with payout option only.

Investing in UTI Long Term Advantage Fund –Series V allows tax concession in multiple ways, primarily the contribution of up to 1.5 lakhs in the scheme is eligible for tax benefits under Sec 80C of the IT Act, 1961. Secondly, the dividends received from the fund will be tax free in the hands of the investors and lastly redemption proceeds will attract zero tax on capital gain, as investment is held for minimum period of 3 years (lock-in).


UTI Long Term Advantage Fund- Series V : Allows Income Tax Concession in multiple ways..! Reviewed by S. Chitra on January 29, 2017 Rating: 5 UTI Long Term Advantage Fund- Series V UTI Mutual Fund has launched a new 10 year close ended Equity Linked Savings Scheme, UTI Long Te...

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