SBI Long Term Advantage Fund Series IV Direct Growth

SBI Long Term Advantage Fund Series IV Direct Growth is an equity fund. This fund was started on 7 April, 2017. The fund is managed by Nidhi Chawla, R. Srinivasan. The fund could potentially beat inflation in the long-run.

1. SBI Long Term Advantage Fund Series IV Direct Growth has ₹202 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
2. The fund has an expense ratio 0.9.
   

SBI Long Term Advantage Fund Series IV Direct Growth has given a CAGR return of 21.15% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.17%, 16.88% and 32.05% respectively.

SBI Long Term Advantage Fund Series IV Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Industrial, Consumer Defensive, Basic Materials, Health, Communication, Energy. Its top holdings are ICICI Bank Ltd, ITC Ltd, Infosys Ltd, HDFC Bank Ltd, ICICI Lombard General Insurance Co Ltd

As it is a elss (tax savings) mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

"The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equityrelated instruments of companies along with income tax benefit.However, there can be no assurance that the investment objective of the Scheme will be realized."

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 0.00. There is a lock in period for SBI Long Term Advantage Fund Series IV Direct Growth of 3 Years