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2 star

Essel Liquid Fund


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.13 0.01 0.05 0.25 0.75 1.55 4.03 5.99 6.55 7.23 7.87
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 3.98 4.14 4.58 4.76
Debt: Liquid 3.39 0.01 0.06 0.28 0.81 1.72 4.36 6.00 6.41 7.10 7.68
Rank within category 32 31 38 37 35 34 34 30 25 23 5
Number of funds in category 42 42 42 42 42 42 42 36 35 34 31

As on 23-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Essel Liquid Fund
2 star
Feb-10 4.03 5.99 6.55 0.20 35
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 4.71 6.29 6.68 0.32 44,170
Aditya Birla Sun Life Liquid Fund  | Invest Online
5 star
Mar-04 4.74 6.35 6.72 0.31 32,611
Nippon India Liquid Fund  | Invest Online
5 star
Dec-03 4.70 6.35 6.72 0.30 24,930
Axis Liquid Fund
4 star
Oct-09 4.72 6.34 6.71 0.25 24,817

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.38 (24-Mar-2020 - 31-Mar-2020) -0.38 (24-Mar-2010 - 31-Mar-2010)
Month 0.95 (06-Sep-2013 - 08-Oct-2013) -0.21 (28-Mar-2010 - 27-Apr-2010)
Quarter 2.64 (28-Jul-2013 - 27-Oct-2013) 0.50 (21-Feb-2010 - 23-May-2010)
Year 10.05 (12-Aug-2011 - 13-Aug-2012) 4.02 (24-Oct-2019 - 23-Oct-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.91 0.44 1.92 2.97 0.69 1.65
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Liquid 5.91 0.56 2.34 3.12 0.78 1.75
Rank within category 30 34 30 28 9 30
Number of funds in category 36 36 36 35 36 36

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 1 6 1 36
Modified Duration (yrs) 0.02 0.04 0.01 0.10
Average Maturity (yrs) 0.02 0.04 0.01 0.09
Yield to Maturity (%) 3.23 4.98 3.07 3.38
Avg Credit Rating CASH -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal ICICI Securities 90-D 17/11/2020 Commercial Paper A1+ 0.00 - 12.76 12.76

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2020

Fund Manager

— Saravana Kumar since 21-Apr-2020

Education: Mr. Kumar has an Engineering degree in Electronics & Telecommunications. He is an MBA (Finance) from IIM Bangalore & is a CAIIB.

Experience: Prior to joining Essel Mutual Fund he has worked with LIC Mutual Fund, he had been Head of Investments at Trust Investment Advisors Pvt. Ltd.(Oct'13-April'15), CIO at AIA Life Insurance Co. Ltd.(Oct'09-Sept'13) , Dy. GM at ICICI Bank Ltd.(Mar'03-Sept'09) & Fund Manager at SBI(2001-2003).

Interviews:

Funds Managed:


0.01%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 2,204.7833

Dividend Weekly: ₹ 1,000.7683

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Dividend Monthly: ₹ 1,003.5612

Dividend Daily: ₹ 1,001.2902


Investment Strategy

The Scheme seeks to generate a reasonable return commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and debt securities.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: Essel Mutual Fund
Launch Date: 19-Feb-2010
Return Since Launch: 7.68%
Benchmark: CRISIL Liquid TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 35 Cr (As on 30-Sep-2020)
Expense: 0.20% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Oct-20200.0773

 22-Oct-20200.0746
 21-Oct-20200.0767
 20-Oct-20200.0765
 19-Oct-20200.0836
 18-Oct-20200.1554
 16-Oct-20200.0780
 15-Oct-20200.0789
 14-Oct-20200.0930
 13-Oct-20200.0833
 12-Oct-20200.0797
 11-Oct-20200.1636
 09-Oct-20200.1033
 08-Oct-20200.0830
 07-Oct-20200.0846
 06-Oct-20200.0811
 05-Oct-20200.0900
 04-Oct-20200.2456
 01-Oct-20200.0717
 30-Sep-20200.0937
 29-Sep-20200.0718
 28-Sep-20200.0852
 27-Sep-20200.1688
 25-Sep-20200.0976
 24-Sep-20200.0842
Dividend Weekly19-Oct-20200.5739

 12-Oct-20200.5982
 05-Oct-20200.5743
 28-Sep-20200.5945
 21-Sep-20200.6021
 14-Sep-20200.5284
 07-Sep-20200.5481
 31-Aug-20200.5587
 24-Aug-20200.5423
 17-Aug-20200.5716
 10-Aug-20200.5904
 03-Aug-20200.5749
 27-Jul-20200.5803
 20-Jul-20200.5662
 13-Jul-20200.6100
 06-Jul-20200.5875
 29-Jun-20200.5930
 22-Jun-20200.6547
 15-Jun-20200.6385
 08-Jun-20200.5280
 01-Jun-20200.4588
 25-May-20200.6260
 18-May-20200.6538
 11-May-20200.6982
 04-May-20200.6956
Dividend Monthly25-Sep-20202.2687

 28-Aug-20202.2700
 31-Jul-20202.9234
 26-Jun-20202.3680
 29-May-20203.1897
 24-Apr-20203.6178
 27-Mar-20202.9488
 28-Feb-20202.6895
 31-Jan-20203.3246
 27-Dec-20192.5386
 29-Nov-20193.2543
 25-Oct-20192.7316
 27-Sep-20192.7788
 30-Aug-20193.8023
 26-Jul-20193.4013
 28-Jun-20193.3328
 31-May-20194.6145
 26-Apr-20193.8549
 29-Mar-20195.3479
 22-Feb-20193.9608
 25-Jan-20194.0717
 28-Dec-20184.1087
 30-Nov-20185.2671
 26-Oct-20184.0392
 28-Sep-20183.9975

Contact Information

AMC: Essel Finance AMC Ltd.

Address: Peerless Mansion, 3rd Floor, 1 Chowringhee Square, Kolkata - 700069

Phone: 033-40185000 / 1800-103-8999

Fax: 033-40185010

Email: [email protected]

Website: http://www.esselfinance.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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