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 ₹102 Cr and the Latest NAV as of 03 Apr 2020 is ₹11.48.
The Essel Large & Midcap Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. 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)
Not Supported
Min for First Investment
Not Supported
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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