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Essel Long Term Advantage Fund


1 Lakh

Investment Grown to
₹ 1.21 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.79 Lakh

Analyst's Choice?

Suitability:

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:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • 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 10% (effectively 11.648%, 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 -2.38 -2.60 -5.43 -4.29 -2.06 8.02 7.17 6.60 -- -- --
S&P BSE 500 TRI -6.51 -3.65 -7.32 -6.42 -5.90 3.05 4.21 7.60 -- -- --
Equity: ELSS -3.84 -3.15 -6.34 -4.88 -3.29 5.93 7.43 6.90 -- -- --
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 & Worst Performance

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)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.87 12.60 0.33 0.44 0.90 -1.37
S&P BSE 500 TRI 11.88 12.82 0.48 0.72 -- --
Equity: ELSS 10.46 13.00 0.37 0.53 0.95 -1.09
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

Asset Allocation (%)

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Concentration & Valuation

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

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 38,548 90,653
Giant (%) 32.50 50.67
Large (%) 15.52 15.11
Mid (%) 31.50 25.96
Small (%) 20.48 8.61
Tiny (%) -- 0.26

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down ICICI Bank Financial 33.85 7.49 1.75 6.57
down HDFC Bank Financial 24.57 9.88 5.87 6.57
up Cipla Healthcare 19.41 4.84 0.00 4.84
down Kotak Mahindra Bank Financial 35.49 7.93 3.06 4.73
equal Axis Bank Financial 41.06 4.27 0.00 3.85
equal Federal Bank Financial 10.22 3.80 0.00 3.80
equal AIA Engineering Metals 27.85 3.58 1.25 3.58
equal Can Fin Homes Financial 18.89 3.52 0.00 3.52
equal Larsen & Toubro Construction 17.00 4.45 0.00 3.50
equal GSK Consumer Healthcare FMCG 34.37 3.28 0.00 3.02
up Indusind Bank Financial 17.01 4.20 0.00 2.52
equal Sundram Fasteners Engineering 22.77 3.18 1.38 2.48
up Amber Enterprises Cons Durable 34.19 2.47 0.00 2.47
equal PI Industries Chemicals 44.71 3.30 0.00 2.44
equal Supreme Industries Chemicals 35.04 2.42 0.00 2.42
equal Max Financial Services Financial 49.87 2.29 0.00 2.12
new Cadila Healthcare Healthcare 21.39 1.99 0.00 1.99
down HDFC Life Insurance Financial 81.32 4.13 0.00 1.93
equal Gulf Oil Lubricants India Energy 18.45 2.08 0.00 1.88
equal M&M Financial Services Financial 13.97 1.86 0.00 1.86
equal Garware Technical Fibres Textiles 24.19 1.80 0.00 1.80
equal City Union Bank Financial 21.22 2.27 0.00 1.67
new ACC Construction 18.01 1.61 0.00 1.61
new Jindal Steel & Power Metals -- 1.59 0.00 1.59
equal HCL Technologies Technology 13.89 3.26 0.00 1.59

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-Jan-2020

Fund Manager

— Saravana Kumar since 07-Dec-2019

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:


-2.60%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 14.5378

Dividend: ₹ 14.5388


Investment Strategy

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.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Essel Mutual Fund
Launch Date: 30-Dec-2015
Return Since Launch: 9.39%
Benchmark: S&P BSE 100 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 61 Cr (As on 31-Jan-2020)
Expense: 2.25% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 119.00%

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

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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