| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.58% |
| NAV | ₹14.58 (12 Aug 2020) |
|---|---|
| Fund Started | 30 Dec 2015 |
| Fund Size | ₹54 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 6.7% |
| Bajaj Finance Ltd. | Financial | Equity | 4.3% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 4.1% |
| Dixon Technologies (India) Ltd. | Engineering | Equity | 3.6% |
| Tata Consultancy Services Ltd. | Technology | Equity | 3.5% |
| PI Industries Ltd. | Chemicals | Equity | 3.3% |
| Hindustan Unilever Ltd. | FMCG | Equity | 3.3% |
| HCL Technologies Ltd. | Technology | Equity | 3.3% |
| HDFC Bank Ltd. | Financial | Equity | 3.3% |
| ICICI Bank Ltd. | Financial | Equity | 3.2% |
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.
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.
Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.