The fund is of ELSS class and therefore would be eligible for tax benefit under Sec. 80C of IT Act, 1961.Tax-saving schemes or equity-linked saving schemes (ELSS) qualify for deduction of up to Rs.1 Lakh under Section 80C of the IT Act.
The following are the brief details of SBI Tax Advantage Fund - Series II
SBI Tax Advantage Fund - Series II Details:
NFO opens on: December 22, 2011
NFO closes on: March 21, 2012
Nature of Fund: Equity
Fund Type: Close ended
Investment plans: Growth and Dividend
Entry Load: NIL
Exit Load: NIL
Minimum Investment: Rs.500 and in multiples of Rs.500 thereafter
The fund being of tax-saving class, there would be a mandatory lock-in period of three years
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