HDFC Long Term Advantage Fund primary objective is to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.
Basic Scheme Information | Nature of Scheme | Open Ended Equity Linked Savings Scheme | | Inception Date. | 01 January, 2001 | Entry Load.
(any amount) | •In respect of each purchase / switch-in of Units less than Rs. 5 crore in value, an Entry Load of 2.25% is payable. • In respect of each purchase / switch-in of Units equal to or great than Rs. 5 crore in value, no Entry Load is payable. | Exit Load.
(any amount) | NIL | | Lock-In-Period | Units purchased cannot be assigned / transferred / pledged / redeemed / switched out until completion of 3 years from the date of allotment of the respective Unit. The AMC reserves the right to change the Lock-in Period prospectively from time to time to the extent permitted under the Equity Linked Savings Scheme, 1992 as amended from time to time. | | Minimum Application Amount. | Rs.500 and in multiples of Rs.500 thereof to open an account / folio. | | Systematic Investment Plan | Minimum Amount Rs. 500 per month for 12 months,Rs. 1000 per month for 6 months | | Systematic Withdrawal Plan | NA | | Net Asset Value Periodicity. | Every Day. | | Option/Plan | Dividend Plan, Growth Plan | | Net Asset | Rs. 348.39 Cr.(February 28, 2006) | | Benchmark | Sensex |
Stated Asset Allocation | Equities and Equity Related Instruments | 80% - 100% | | Debt & Money Market Instruments | 0% - 20% |
The funds collected under the Scheme shall be invested in equities, cumulative convertible preference shares and fully convertible debentures and bonds of companies. Investment may be made in partly convertible debentures and bonds including those issued on a rights basis subject to the condition that, as far as possible, the non convertible portion of the debenture so acquired or subscribed shall be disinvested within a period of 12 months. It shall be ensured that funds of the Scheme shall remain invested to the extent of atleast 80% in securities specified above. In exceptional circumstances, this requirement may be dispensed with by the AMC, in order that the interest of the Unit holders are protected. Pending investment of funds of the Scheme in the required manner, the AMC may invest the funds of the Scheme in shortterm money market instruments or other liquid instruments or both. After 3 years from the date of allotment of the Units, the Mutual Fund may hold upto 20% of net assets of the Scheme in short-term money market instruments. The investment approach will be based on a set of well established but flexible principles that emphasise the concept of sustainable economic earnings and cash return on investment as the means of valuation of companies. |
