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Essel Long Term Advantage Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.41 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.08 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.38 0.80 0.77 3.92 7.26 12.90 15.16 12.17 -- -- --
S&P BSE 500 TRI 2.22 0.61 -0.30 2.28 6.97 10.84 12.61 12.83 -- -- --
Equity: ELSS 2.76 0.73 0.10 3.06 6.70 12.15 14.43 12.13 -- -- --
Rank within category 11 14 5 9 14 16 15 18 -- -- --
Number of funds in category 38 38 38 38 37 36 35 34 30 28 1

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 9.76 (19-Sep-2019 - 26-Sep-2019) -7.72 (08-Nov-2016 - 15-Nov-2016)
Month 11.04 (26-Dec-2016 - 25-Jan-2017) -12.02 (07-Sep-2018 - 09-Oct-2018)
Quarter 17.52 (26-Dec-2016 - 27-Mar-2017) -10.88 (27-Jul-2018 - 26-Oct-2018)
Year 41.58 (26-Dec-2016 - 26-Dec-2017) -7.71 (23-Aug-2018 - 23-Aug-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 13.20 13.11 0.57 0.78 0.92 0.02
S&P BSE 500 TRI 13.80 13.09 0.62 0.92 -- --
Equity: ELSS 13.10 13.33 0.55 0.82 0.96 -0.35
Rank within category 18 19 18 20 13 17
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-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 45
Top 10 Stocks (%) 49.52
Top 5 Stocks (%) 31.99
Top 3 Sectors (%) 63.54
Portfolio P/B Ratio 3.27
Portfolio P/E Ratio 20.82

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 48,745 98,037
Giant (%) 41.42 52.66
Large (%) 11.15 14.56
Mid (%) 29.51 24.99
Small (%) 17.91 8.12
Tiny (%) -- 0.23

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
equal HDFC Bank Financial 25.94 9.88 5.87 7.95
up Kotak Mahindra Bank Financial 36.01 7.93 3.06 7.93
down ICICI Bank Financial 67.25 7.49 1.75 7.49
new Cipla Healthcare 22.40 4.49 0.00 4.49
down HDFC Life Insurance Financial 90.73 4.13 0.00 4.13
equal Axis Bank Financial 43.43 4.27 0.00 4.07
up Federal Bank Financial 11.43 3.79 0.00 3.74
equal AIA Engineering Metals 28.50 3.42 1.25 3.40
equal Larsen & Toubro Construction 19.54 4.45 0.00 3.39
up Can Fin Homes Financial 17.89 2.92 0.00 2.92
equal GSK Consumer Healthcare FMCG 34.13 3.28 0.00 2.91
down Indusind Bank Financial 20.26 4.20 0.00 2.73
down Sundram Fasteners Engineering 28.12 3.18 1.38 2.47
up PI Industries Chemicals 45.46 3.30 0.00 2.32
up Max Financial Services Financial 81.26 2.29 0.00 2.29
equal Supreme Industries Chemicals 35.40 2.27 0.00 2.05
equal Gulf Oil Lubricants India Energy 19.55 2.08 0.00 1.92
down City Union Bank Financial 23.90 2.27 0.00 1.73
up M&M Financial Services Financial 18.57 1.85 0.00 1.66
up HCL Technologies Technology 15.81 3.26 0.00 1.56
equal Garware Technical Fibres Textiles 24.20 1.50 0.00 1.49
equal Siemens Engineering 52.62 1.61 0.00 1.43
up Sundaram Finance Financial 14.57 3.43 0.00 1.42
down Ratnamani Metals & Tubes Metals 21.63 1.68 0.00 1.31
equal V-Mart Retail Services 88.61 1.16 0.00 1.08

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

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:


0.80%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 16.4427

Dividend: ₹ 16.2753


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: 12.99%
Benchmark: S&P BSE 100 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 59 Cr (As on 31-Dec-2019)
Expense: 0.74% (As on 31-Dec-2019)
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: 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

Investors' Hangout

How worrisome is the slowdown

dateFriday, 31-Jan-2020
time12:30 PM - 01:00 PM