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Essel Liquid Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an 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 are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid fund, if your aim is 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.23 0.01 0.09 0.41 1.20 2.58 6.19 6.88 7.38 7.96 --
Debt: Liquid 0.23 0.01 0.09 0.42 1.30 2.80 6.44 6.68 7.19 7.77 --
Rank within category 30 32 26 32 35 35 32 25 10 5 --
Number of funds in category 39 39 39 39 39 39 38 35 34 33 1

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 0.95 (06-Sep-2013 - 08-Oct-2013) 0.38 (24-Nov-2019 - 24-Dec-2019)
Quarter 2.64 (28-Jul-2013 - 27-Oct-2013) 1.18 (16-Oct-2019 - 15-Jan-2020)
Year 9.99 (26-Jul-2013 - 27-Jul-2014) 6.19 (17-Jan-2019 - 17-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.71 0.25 4.00 4.93 0.25 1.40
Debt: Liquid 6.52 0.51 4.47 7.34 0.52 1.65
Rank within category 25 32 30 30 3 31
Number of funds in category 35 35 35 33 35 35

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 4 16 1 53
Modified Duration (yrs) 0.01 0.14 0.01 0.08
Average Maturity (yrs) 0.01 0.15 0.01 0.09
Yield to Maturity (%) 4.98 7.53 4.92 5.29

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Axis Finance 61-D 18/02/2020 Commercial Paper A1+ 0.00 - 11.98 11.98
new Reliance Retail Ltd. 97-D 09/03/2020 Commercial Paper A1+ 0.00 - 10.05 10.05
new Reliance Jio Infocomm 96-D 09/03/2020 Commercial Paper A1+ 0.00 - 10.05 10.05
new ICICI Securities 60-D 14/01/2020 Commercial Paper A1+ 0.00 - 7.08 7.08

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 31-Dec-2019

*As on 30-Nov-2019

Fund Manager

— Archit Shah since 22-Dec-2017

Education: Mr. Shah holds B.Com, MBA and CFA.

Experience: Prior to joining Essel Mutual Fund, he has worked with Acko General Insurance Ltd. as Investment Head, Taurus Mutual Fund as Fund Manager, CRISIL and I-Peritus Solutions & Services Pvt. Ltd. as Research Analyst.

Funds Managed:


0.01%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 2,156.3021

Dividend Weekly: ₹ 1,000.9377

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Dividend Monthly: ₹ 1,004.0307

Dividend Daily: ₹ 1,001.2900


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: 01-Jan-2013
Return Since Launch: 7.96%
Benchmark: CRISIL Liquid
Riskometer: Low
Type: Open-ended
Assets: ₹ 70 Cr (As on 31-Dec-2019)
Expense: 0.15% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Jan-20200.0975

 16-Jan-20200.0998
 15-Jan-20200.0882
 14-Jan-20200.0876
 13-Jan-20200.0833
 12-Jan-20200.1927
 10-Jan-20200.0761
 09-Jan-20200.1070
 08-Jan-20200.0918
 07-Jan-20200.0945
 06-Jan-20200.0872
 05-Jan-20200.1792
 03-Jan-20200.0896
 02-Jan-20200.1560
 01-Jan-20200.0939
 31-Dec-20190.0947
 30-Dec-20190.0912
 29-Dec-20190.1825
 27-Dec-20190.0984
 26-Dec-20190.0981
 25-Dec-20190.0952
 24-Dec-20190.0937
 23-Dec-20190.0951
 22-Dec-20190.1910
 20-Dec-20190.0860
Dividend Weekly13-Jan-20200.6453

 06-Jan-20200.7003
 30-Dec-20190.6592
 23-Dec-20190.6306
 17-Dec-20190.6279
 09-Dec-20190.6367
 02-Dec-20190.6547
 25-Nov-20190.6628
 18-Nov-20190.6566
 11-Nov-20190.6607
 04-Nov-20190.6468
 28-Oct-20190.6511
 21-Oct-20190.6507
 14-Oct-20190.6910
 07-Oct-20190.7221
 30-Sep-20190.7470
 23-Sep-20190.6649
 16-Sep-20190.7190
 09-Sep-20190.7342
 02-Sep-20190.7354
 26-Aug-20190.7370
 19-Aug-20190.7396
 12-Aug-20190.7950
 05-Aug-20190.8209
 29-Jul-20190.8174
Dividend Monthly27-Dec-20192.5655

 29-Nov-20193.2886
 25-Oct-20192.7847
 27-Sep-20192.8422
 30-Aug-20193.8811
 26-Jul-20193.4657
 28-Jun-20193.3960
 31-May-20194.6918
 26-Apr-20193.9163
 29-Mar-20195.4244
 22-Feb-20194.0215
 25-Jan-20194.1329
 28-Dec-20184.1695
 30-Nov-20185.3437
 26-Oct-20184.1004
 28-Sep-20184.0587
 31-Aug-20185.0501
 27-Jul-20184.0383
 29-Jun-20185.2741
 25-May-20183.7929
 27-Apr-20185.1751
 23-Mar-20183.9666
 23-Feb-20183.8267
 25-Jan-20183.5492
 29-Dec-20174.5284

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: www.esselfinance.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM