| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) | |
|---|---|---|---|---|---|---|
| Essel Largecap Equity Fund | Equity | Moderately High | -3.5% | 2star | ₹297 | |
| Essel Large & Midcap Fund | Equity | Moderately High | -3.9% | 2star | ₹87 | |
| Essel Long Term Advantage Fund | Equity | Moderately High | -0.3% | 1star | ₹43 | |
| View All Top 10 Essel Mutual Funds |
Essel Mutual Funds is one the leading financial sector companies in India and falls under the Essel Group. It was established on 4th December, 2009 and it is sponsored by Essel Finance Wealth Zone Private Limited.
They aim to make a path breaking financial system by constantly supporting their clients strategic transactions and helping them make financial decisions.
Essel Mutual Funds provide a host of schemes, under different fund categories and they invest in a diverse portfolio across various market categorization. The asset management company aims at taking a customer centric approach and follows a systematic methodology in investing. With vast experience and the target to help each and every customer, Essel has made a mark in the Indian mutual fund industry.
Equity Savings Fund typically invests the total capital in three segments- pure equity, arbitrage and debt funds. Generally, one-third of the total capital in pure equity, one-third in debt funds and the balance in arbitrage funds. However, the composition varies from fund to fund. The equity component can vary from 20-40% approx and depends on the type of mutual fund.
These funds outperform debt funds over taxation and treated as equity funds for taxation. If sold before a year, short term capital gains are taxed at 15% and if sold after a year, no tax is levied on the gains.
Purpose: Invest here for your longer duration to get higher returns than debt funds.
Now let us jump and check about these top 10 mutual fund schemes.
Fund Performance: This fund has consistently beaten its benchmark in Large Cap segment and provided 11.91% annualized returns in the last 3 years. In the last 1 year, it gave -3.55% returns.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.55% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Equity mutual fund in India.
Fund Manager: Amit Nigam
| Launch Date | 1 Jan 2013 |
|---|---|
| Min Investment Amt | ₹1,000 |
| Groww Rating | 2star |
| AUM | ₹297Cr |
| 1Y Returns | -3.5% |
Fund Performance: This fund has consistently beaten its benchmark in Large & Mid Cap segment and provided 14.58% annualized returns in the last 3 years. In the last 1 year, it gave -3.89% returns.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.89% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Equity mutual fund in India.
Fund Manager: Amit Nigam
| Launch Date | 6 Dec 2015 |
|---|---|
| Min Investment Amt | ₹1,000 |
| Groww Rating | 2star |
| AUM | ₹87Cr |
| 1Y Returns | -3.9% |
Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -0.34% returns.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.34% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Equity mutual fund in India.
Fund Manager: Amit Nigam
| Launch Date | 29 Dec 2015 |
|---|---|
| Min Investment Amt | ₹500 |
| Groww Rating | 1star |
| AUM | ₹43Cr |
| 1Y Returns | -0.3% |
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Suppose a mutual fund invests in ten stocks and total current market value of these stocks is 1.1 Crore. Out of this, the AMC deducts say, 0.1 Crore for operating the fund (this is known as the expense ratio). So the net value is 1 crore. Now the AMC will divide this 1 Crore into say, 10,000 parts. These parts are known as units. The cost of one unit is 1Cr/10,000 = Rs. 1000. This is known as the Net Asset Value (NAV) of the mutual fund. Suppose the AMC has set a minimum investment requirement of Rs. 500. Then if you pay Rs. 500, you will get 0.5 units of the fund. Remember that the cost of one unit is the cost when you made the purchase. Suppose after one year, the NAV has fallen to Rs. 700 per unit and you wish to exit the fund (also known as redemption), then you sell your 0.5 units back to the AMC and get 0.5 x Rs. 700 = Rs. 350 back. Yes, you invested Rs. 500 and got back Rs. 350 – a loss of 150 over a year. The point is, that you buy units at current NAV and sell units (fully or partially) at current NAV. This is what investing in mutual fund actually means.
One of the best ways to hedge against the small-cap volatility is to adopt a phased approach, also known as Systematic Investment Plan (SIP) approach. We are sure that you must be aware of SIP and its benefits. Buying in small quantity but buying regularly provides you with faster growth. On Groww.in, all transactions to and from AMC is done via BSE. When you decide to invest in a large cap mutual fund of your choice, you choose that mutual fund on the website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund. To be assured at your end, you can visit the individual AMC website after the payment. You would be able to see all your purchased units against your folio number.
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