Scheme Objective
"The funds collected under the scheme shall be invested in equities, fully convertible debentures/bonds and warrants of companies. Investment may also be made in issues of partly convertible debentures/bonds including those issued on rights basis subject to the condition that, as far as possible, the non-convertible portion of the debentures/bonds so acquired or subscribed shall be disinvested within a period of twelve months from their acquisition."
Scheme Details
- Fund manager(s) – Vetri Subramaniam , Vishal Chopda
- Launch date – 30-Jul-2005
- Expense ratio – 2.21% as declared on 31-Aug-2021 (category average is 2.03%)
- Benchmark - Nifty 500
- Min SIP amount - ₹500
- Min investment amount (one time- first time) - ₹500
- Min investment amount (addtional purchase) - ₹500
- Type : Open Ended Fund. You can invest any time in this fund.
Exit Load
Within 3 year: No Redeem, After 3 Years: NIL
Tax Rate
You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).
Contact Details
Tel no.: 9954952328
