The main purpose of the scheme is to provide a return on investment in the portfolio of equity shares
The Income Tax Act, of 1961 provides for a tax deduction for investments made in the scheme under Section 80C
Depending on the distributable surplus
Q: How long should I invest in an SBI long-term equity fund?
The recommended investment limit for investing in an SBI long-term equity fund is> 3 years. The recommended investment horizon is the minimum time required to hold investments in the fund, which minimizes its negative risk and ensures that the return is highly predictable.
Q: What is the type of SBI long-term equity fund?
A: SBI Long Term Equity Fund, Equity: belongs to the ELSS type of fund.
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