Essel Mutual Fund

Essel Finance Asset Management Company Ltd. is the asset manager of Essel Mutual Fund, originally established back in 2009. The AMC is registered as a trust under the Indian Trusts Act, 1882. It is registered with SEBI vide registration number MF/062/09/03.

The AMC currently offers 58 schemes and has an Asset under Management or AuM of Rs. 1,416 Crore. The company has an innovative approach to investment for both fixed income and equity funds.

Essel MF takes a multi-pronged and innovative approach towards investments:

Step 1. Research, credit analysis, and yield curve

When researching, the fund managers consider factors like macro-economics, liquidity forecast, and the outlook of interest rates. For credit analysis, they take into account various sectors, issuers, governance, and financial analysis. Lastly, they perform spread analysis, calculate relative evaluation, and consider the short-term and long-term rates for determining the yield curve.

Step 2. Risk management

The fund managers at Essel perform quantitative and qualitative analysis in addition to taking into account the duration of the funds for managing risk.

Step 3. Portfolio

The final step involves duration call, credit allocation, relative contribution, and security selection to determine the portfolio.

For investment process of equity funds, Essel also follows three steps:

Step 1. Idea generation

Fund managers at Essel Mutual Fund generate ideas by considering the investment universe of stocks with more than Rs. 1,000 Crore market capitalisation. They then use quantitative filters like return on capital employed (RoCE), return on assets (ROA), return on equity (ROE), and free cash flows.

Step 2. Idea validation

The fund managers take the generated ideas and run them through qualitative filters like business, management, and valuation.

Step 3. Idea selection

Lastly, the fund managers choose the investible universe of about 70 to 80 stocks and portfolio of around 30 to 35 stocks to select the right idea.

Essel Finance Asset Management Company Ltd. was originally Peerless Mutual Fund, sponsored by Peerless General Finance and Investment Co. Ltd., a wholly-owned subsidiary of the Peerless Group. Peerless had around Rs. 1,000 of assets under management.

Peerless Mutual Fund, its asset manager Peerless Funds Management Co. Ltd, and its trustee Peerless Trust Management Co. Ltd. were acquired by Essel Finance Wealth Zone Private Ltd. in 2017.

Essel Finance Wealth Zone Private Ltd. is a wholly-owned subsidiary of Essel Finance Management LLP. The company is part of the Essel Group, a USD 10 billion conglomerate with subsidiaries like Zee, DNA, Dish TV, Siti Network, Living Foodz, etc.

Key information

Mutual fundEssel Mutual Fund
Asset management companyEssel Finance Asset Management Company Ltd.
Set up4 December 2009
Incorporated9 April 2009
SponsorsEssel Finance Wealth Zone Private ltd.
TrusteeEssel Mutual Fund Trustee Limited
Name of trusteesMr. Arvind Jadhav (Independent Director)Mr. Sudhir Joshi (Independent Director)Mr. Arun V. Goel (Independent Director)Dr. M. Yousuf Khan (Independent Director)
ChairmanMr. Amitabh Chaturvedi
MD and CEOMr. Rajiv Shastri
CIOMr. Saravana Kumar
Investor Service OfficerMs. Roshni Chorge
Compliance OfficerMr. Madangopal Jalan

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How can you invest in Essel Mutual Funds?

Follow the steps mentioned below to invest in Essel Mutual Fund online:

Step 1. Log-in to your Groww account or register to create a new one.

Step 2. Upload your identity proof documents - Voter ID, Aadhaar, PAN, Driving License, Passport, Central or State Government ID card, etc.

Step 3. Upload your address proof documents - any identity KYC document with your permanent address, etc.

Step 4. Select the period you want to invest in.

Step 5. Choose your preferred risk level - low, mid, or high.

Step 6. Select the Essel Mutual Fund you want to invest in.

Step 7. Click on “Invest One Time” if you want to invest a lump sum amount; click “Start SIP” if you want to invest via SIP.

Your Groww account will reflect the Essel Mutual Fund in India you have invested in within 3 to 4 working days.

Top Performing Essel Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
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Top Fund Managers

1. Mr. Saravana Kumar

Mr. Saravana Kumar is currently the Chief Investment Officer (CIO) at Essel Mutual Fund since 2019. He manages an AuM of Rs. 500 Crore invested in 22 schemes like Essel Multi Cap Fund, Essel Equity Hybrid Fund, etc.

Before joining Essel, Mr. Kumar was the CIO of LIC Mutual Fund. He has also worked with UTI Mutual Fund, SBI Mutual Fund, and ICICI Bank.

Mr. Kumar holds a BE in Electronics and Communication degree from the Government College of Engineering and an MBA degree from IIM Bangalore. He is also a CAIIB from the Indian Institute of Bankers and has completed the Management Development Programme (MDP) on Financial Markets from Merrill Lynch.

2. Mr. Suraj Makhija

Mr. Suraj Makhija has been a Fund Manager at Essel Finance Asset Management Company Ltd. since 2008. He manages an AuM of Rs. 382 Crore invested in 30 schemes like Essel Large Cap Equity Fund, Essel Regular Savings Fund, Essel 3 in 1 Fund, Essel Regular Savings Fund, etc.

Mr. Makhija has a B.Com degree from the University of Mumbai and an MBA in Finance, Accounts, and Economics degree from the K. J. Somaiya Institute of Management Studies and Research. He is also a Chartered Accountant and has cleared Level III of Chartered Financial Analyst.

3. Mr. Archit Shah

Mr. Archit Shah is currently serving as the Fund Manager of Fixed Income at Essel Mutual Fund since 2017. He manages an AuM of Rs. 531 invested in 45 schemes like Essel Short Term Fund, Essel Ultra Short Term Fund Super Institutional Plan, Essel Liquid Fund Super Institutional Plan, Essel Regular Savings Fund, Essel 3 in 1 Fund, etc.

He was initially a Research Analyst at I-Peritus Solutions & Services Private Ltd. in 2009. In 2010, he joined CRISIL Global Research & Analytics as a Research Analyst. He moved to Acko General Insurance in 2017 as the Head of Investments.

Mr. Shah holds a B.Com degree from the Narsee Monjee College of Commerce and Economics and an MBA in Finance from the N. L. Dalmia Institute of Management Studies and Research. He is also a Chartered Financial Analyst from the CFA Institute.

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