Essel Long Term Advantage Fund Direct Growth-1.21%

3Groww
-7.56%
1 Year Return
Equity
ELSS
3.0 star
6M
1Y
3Y
All

Fund Details

Essel Long Term Advantage Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.65%
NAV15.13 (08 Jul 2019)
Fund Started29 Dec 2015
Fund Size56 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Essel Long Term Advantage Fund Direct Growth
-7.6%
6.8%
NA
9.6%
Category Average
NA
NA
NA
-
Rank within category
NA
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    Estimated Value
    as per Historical Returns
    30
    with -7.6% annual returns

    Comparison

    Data not available
    Pros
    1. Risk-adjusted returns are higher compared to the category
    2. Risk is lower compared to the benchmark
    3. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Age is less than 5 years
    3. 1Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.Financial ServicesEquity9.5%
    ICICI Bank Ltd. Financial ServicesEquity5.0%
    Larsen & Toubro Ltd.ConstructionEquity4.1%
    Kotak Mahindra Bank Ltd.Financial ServicesEquity3.5%
    ITC Ltd.Consumer GoodsEquity3.5%
    CBLO(CCIL)Current AssetsMoney Market3.4%
    HCL Technologies Ltd.ITEquity2.7%
    Maruti Suzuki India Ltd.AutomobileEquity2.6%
    Bajaj Finserv Ltd.Financial ServicesEquity2.6%
    State Bank of IndiaFinancial ServicesEquity2.4%
    See All

    Fund Managers

    addViral Berawala
    Education
    Mr. Berawala is a Commerce Graduate, CA and PGPX from IIM, Ahmedabad.
    Experience
    Prior to joining Essel Mutual Fund, he has worked with Reliance Nippon Life Insurance Co. Ltd as CIO & Reliance Nippon Life AMC as Assistant Fund Manager.
    Funds Managed

    Other Details

    Essel Long Term Advantage Fund Direct Growth is a Equity Mutual Fund Scheme launched by Essel Mutual Fund. This scheme was introduced to investors on 29 Dec 2015. Amit Nigam is the Current Fund Manager of Essel Long Term Advantage Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹56 Cr and the Latest NAV as of 08 Jul 2019 is ₹15.13.

    The Essel Long Term Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. Nil.

    Investment Objective

    The investment objective of the scheme is to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments by investing predominantly in a diversified portfolio of equity and equity related instruments. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized.

    Tax Implications

    Scheme Information Document(SID)

    ₹500
    Min for First Investment
    ₹500
    Min for Second Investment
    Nil
    Exit Load

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    About Essel Mutual Fund

    Address
    "Peerless Mansion", 3rd Floor, 1, Chowringhee Square, Kolkata 700069
    Phone
    033-40185000/ 022-61779922
    Launch Date
    03 Dec 2009
    Essel Mutual Fund
    Asset Management Company
    Custodian
    HDFC Bank
    Registrar & Transfer Agent
    Karvy
    Address
    NA
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