Essel Long Term Advantage Fund Direct Growth-0.24%

3
0.83%
1 Year Return
Equity
ELSS
3.0star
6M
1Y
3Y
All

Fund Details

Essel Long Term Advantage Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.58%
NAV14.58 (12 Aug 2020)
Fund Started30 Dec 2015
Fund Size54 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Essel Long Term Advantage Fund Direct Growth
0.8%
3.0%
NA
8.5%
Category Average
5.1%
0.4%
7.5%
-
Rank within category
27
20
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
    0
    with 0.8% annual returns

    Comparison

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

    Top Holdings

    NameSectorInstrument% Assets
    Reliance Industries Ltd.EnergyEquity6.7%
    Bajaj Finance Ltd.FinancialEquity4.3%
    Kotak Mahindra Bank Ltd.FinancialEquity4.1%
    Dixon Technologies (India) Ltd.EngineeringEquity3.6%
    Tata Consultancy Services Ltd.TechnologyEquity3.5%
    PI Industries Ltd.ChemicalsEquity3.3%
    Hindustan Unilever Ltd.FMCGEquity3.3%
    HCL Technologies Ltd.TechnologyEquity3.3%
    HDFC Bank Ltd.FinancialEquity3.3%
    ICICI Bank Ltd.FinancialEquity3.2%
    See All

    Fund Managers

    addSaravana Kumar
    Education
    Mr. Kumar has an Engineering degree in Electronics & Telecommunications. He is an MBA (Finance) from IIM Bangalore & is a CAIIB.
    Experience
    Prior to joining Essel Mutual Fund he has worked with LIC Mutual Fund, he had been Head of Investments at Trust Investment Advisors Pvt. Ltd.(Oct'13-April'15), CIO at AIA Life Insurance Co. Ltd.(Oct'09-Sept'13) , Dy. GM at ICICI Bank Ltd.(Mar'03-Sept'09) & Fund Manager at SBI(2001-2003).
    Funds Managed

    Essel Long Term Advantage Fund Direct Growth Details

    Essel Long Term Advantage Fund Direct Growth is a Equity Mutual Fund Scheme launched by Essel Mutual Fund. This scheme was made available to investors on 30 Dec 2015. Amit Nigam is the Current Fund Manager of Essel Long Term Advantage Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹54 Cr and the Latest NAV as of 12 Aug 2020 is ₹14.58.

    The Essel Long Term Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.

    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
    04 Dec 2009
    Essel Mutual Fund
    Asset Management Company
    Custodian
    HDFC Bank
    Registrar & Transfer Agent
    KFin Tech
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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