Essel Large & Midcap Fund Direct Growth is a Equity Mutual Fund Scheme launched by Essel Mutual Fund. This scheme was introduced to investors on 07 Dec 2015. Amit Nigam is the Current Fund Manager of Essel Large & Midcap Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹106 Cr and the Latest NAV as of 21 Nov 2019 is ₹16.67.
The Essel Large & Midcap Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 1000. For units in excess of 15% of the investment,1% will be charged for redemption within 365 days.
Investment Objective
The investment objective of the scheme is to generate medium to long-term capital appreciation by investing predominantly in equity and equity related securities of midcap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
₹1000
Min for First Investment
₹100
Min for Second Investment
For units in excess of 15% of the investment,1% will be charged for redemption within 365 days
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