|Min SIP Amount||₹500|
|NAV||₹2168.06 (14 Aug 2020)|
|Fund Started||19 Feb 2010|
|Fund Size||₹20 Cr|
|ICICI Bank Ltd.||Financial||CD||16.1%|
|LIC Housing Finance Ltd.||Financial||Bonds||10.3%|
|Axis Bank Ltd.||Financial||CD||9.7%|
|HDB Financial Services Ltd.||Financial||Debenture||9.4%|
|Housing Development Finance Corpn. Ltd.||Financial||CP||7.9%|
|Power Grid Corporation of India Ltd.||Energy||Bonds/NCD||2.5%|
Essel Ultra Short Term Fund Growth is a Debt Mutual Fund Scheme launched by Essel Mutual Fund. This scheme was made available to investors on 19 Feb 2010. Killol Pandya is the Current Fund Manager of Essel Ultra Short Term Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹20 Cr and the Latest NAV as of 14 Aug 2020 is ₹2168.06.
The Essel Ultra Short Term Fund Growth is rated Moderately Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 1000.
The investment objective is to provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity. However, there can be no assurance that the investment objective of the scheme will be achieved.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.