Essel Long Term Advantage Fund Direct Dividend+5.70%

3Groww
2.56%
1 Year Return
Equity
ELSS
3.0 star
6M
1Y
3Y
All

Fund Details

Essel Long Term Advantage Fund Direct Dividend

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.65%
NAV14.80 (20 Sep 2019)
Fund Started30 Dec 2015
Fund Size55 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Essel Long Term Advantage Fund Direct Dividend
2.6%
8.4%
NA
11.4%
Category Average
-12.5%
6.8%
11.9%
-
Rank within category
13
17
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    Estimated Value
    as per Historical Returns
    30
    with 2.6% annual returns

    Comparison

    Data not available
    Pros
    1. Risk is lower compared to the benchmark
    2. 1Y Returns are higher than the benchmark
    3. 3Y Returns are higher than the benchmark
    4. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity9.7%
    ICICI Bank Ltd.FinancialEquity6.6%
    Kotak Mahindra Bank Ltd.FinancialEquity6.4%
    Tech Mahindra Ltd.TechnologyEquity4.7%
    Larsen & Toubro Ltd.ConstructionEquity4.2%
    Axis Bank Ltd.FinancialEquity4.0%
    HDFC Life Insurance Co Ltd.FinancialEquity3.8%
    Federal Bank Ltd.FinancialEquity3.3%
    Glaxosmithkline Consumer Healthcare Ltd.FMCGEquity3.2%
    AIA Engineering Ltd.MetalsEquity2.9%
    See All

    Other Details

    Essel Long Term Advantage Fund Direct Dividend is a Equity Mutual Fund Scheme launched by Essel Mutual Fund. This scheme was introduced to investors on 30 Dec 2015. Viral Belawala is the Current Fund Manager of Essel Long Term Advantage Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹55 Cr and the Latest NAV as of 20 Sep 2019 is ₹14.80.

    The Essel Long Term Advantage Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. Nil.

    Investment Objective

    The investment objective of the scheme is to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments by investing predominantly in a diversified portfolio of equity and equity related instruments. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized.

    Tax Implications

    Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.

    Scheme Information Document(SID)

    ₹500
    Min for First Investment
    ₹500
    Min for Second Investment
    Nil
    Exit Load

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    About Essel Mutual Fund

    Address
    "Peerless Mansion", 3rd Floor, 1, Chowringhee Square, Kolkata 700069
    Phone
    033-40185000/ 022-61779922
    Launch Date
    03 Dec 2009
    Essel Mutual Fund
    Asset Management Company
    Custodian
    HDFC Bank
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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