When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Taxability of earnings:
|S&P BSE 500 TRI||-6.51||-3.65||-7.32||-6.42||-5.90||3.05||4.21||7.60||--||--||--|
|Rank within category||10||6||7||16||14||13||19||17||--||--||--|
|Number of funds in category||38||38||38||38||38||37||36||34||30||28||27|
As on 28-Feb-2020
|Best (Period)||Worst (Period)|
|Week||9.72 (19-Sep-2019 - 26-Sep-2019)||-7.74 (08-Nov-2016 - 15-Nov-2016)|
|Month||10.89 (26-Dec-2016 - 25-Jan-2017)||-12.14 (07-Sep-2018 - 09-Oct-2018)|
|Quarter||17.03 (26-Dec-2016 - 27-Mar-2017)||-11.20 (27-Jul-2018 - 26-Oct-2018)|
|Year||39.31 (26-Dec-2016 - 26-Dec-2017)||-9.41 (23-Aug-2018 - 23-Aug-2019)|
|S&P BSE 500 TRI||11.88||12.82||0.48||0.72||--||--|
|Rank within category||20||11||20||25||9||20|
|Number of funds in category||34||34||34||34||34||34|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Jan-2020
|Number of Stocks||56|
|Top 10 Stocks (%)||43.98|
|Top 5 Stocks (%)||26.56|
|Top 3 Sectors (%)||58.87|
|Portfolio P/B Ratio||2.98|
|Portfolio P/E Ratio||24.32|
|Average Mkt Cap (Rs Cr)||38,548||90,653|
|Company||Sector||P/E||3Y High||3Y Low||% Assets|
|Kotak Mahindra Bank||Financial||35.49||7.93||3.06||4.73|
|Can Fin Homes||Financial||18.89||3.52||0.00||3.52|
|Larsen & Toubro||Construction||17.00||4.45||0.00||3.50|
|GSK Consumer Healthcare||FMCG||34.37||3.28||0.00||3.02|
|Amber Enterprises||Cons Durable||34.19||2.47||0.00||2.47|
|Max Financial Services||Financial||49.87||2.29||0.00||2.12|
|HDFC Life Insurance||Financial||81.32||4.13||0.00||1.93|
|Gulf Oil Lubricants India||Energy||18.45||2.08||0.00||1.88|
|M&M Financial Services||Financial||13.97||1.86||0.00||1.86|
|Garware Technical Fibres||Textiles||24.19||1.80||0.00||1.80|
|City Union Bank||Financial||21.22||2.27||0.00||1.67|
|Jindal Steel & Power||Metals||--||1.59||0.00||1.59|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jan-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).
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The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective 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.
|Minimum Investment (₹)||500|
|Minimum Addl Investment (₹)||500|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||12|
|Minimum Withdrawal (₹)||1,000|
|Minimum Balance (₹)||1|
|Fund House:||Essel Mutual Fund|
|Return Since Launch:||9.39%|
|Benchmark:||S&P BSE 100 TRI|
|Assets:||₹ 61 Cr (As on 31-Jan-2020)|
|Expense:||2.25% (As on 31-Jan-2020)|
|Risk Grade:||Below Average|
Fund News - 09-Dec-2019
Fund News - 23-May-2019
AMC: Essel Finance AMC Ltd.
Address: Peerless Mansion, 3rd Floor, 1 Chowringhee Square, Kolkata - 700069
Phone: 033-40185000 / 1800-103-8999
Email: [email protected]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]