₹ 17.2142
NAV (Feb 26)
Neutral
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Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Track Record
6 Years. The fund has Relatively moderate history for analysis. We recommend funds with longer history.
Relative Size
59 Cr. Small within the category
Category View
Positive. The category has a positive investment outlook
Consistency Of Performance
Good. The historical performance of the fund has been good
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
No single fund can achieve what a plan can. Learn why
Scheme Information
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. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the Scheme,subject to a maximum of ` 1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act,1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized.
Low
Low to Moderate
Moderate
Moderately High
High
Very High
Very High Risk
2.33 %
Expense Ratio
Dec 30, 2015
Launched (6y ago)
₹ 59
AUM in Crores
INF959L01CG8
ISIN
3
Lock-in
S&P BSE 100 India TR INR
Benchmark
₹ 500
SIP Minimum
₹ 500
Lumpsum Min.
Returns Calculator Comparison
of
for
with step up of
Instrument | Returns | Total Corpus | Gains | Annualised % |
---|---|---|---|---|
Mutual Fund | ₹ 965,796 | ₹ 233,184 | 11.25% | |
EPF | ₹ 900,761 | ₹ 168,149 | 8.50% | |
Property | ₹ 867,662 | ₹ 135,050 | 7.00% | |
PPF | ₹ 869,819 | ₹ 137,207 | 7.10% | |
Bank FD | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Gold | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Savings Bank | ₹ 825,950 | ₹ 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
Comparison with Equity Funds
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About the AMC
Essel Funds Management Company Ltd
Essel Funds Management Company Ltd manages assets worth 650 crores and was set up on 9 April 2009. It's current offering of mutual fund schemes includes 29 equity,14 debt and 32 hybrid funds.
Large Cap
₹ 90 Cr
Fund Size
8.6%
3Y returns
Liquid
₹ 32 Cr
Fund Size
N/A
3Y returns
Ultra Short
₹ 27 Cr
Fund Size
5.3%
3Y returns
Liquid
₹ 32 Cr
Fund Size
5.6%
3Y returns
Diversified
₹ 99 Cr
Fund Size
8.5%
3Y returns
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
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Essel Long Term Advantage Fund (DP-A) is a tax saving equity fund and has delivered an annualised return of 11.1% over a period of 6 years ..The fund is managed by Essel Funds Management Company Ltd.The fund manager’s name is Saravana Kumar.
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. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the Scheme,subject to a maximum of ` 1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act,1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized. However, there is no assurance that the objective of the scheme will be realized.
The Essel Long Term Advantage Fund (DP-A) fund was launched on Dec 30, 2015. The NAV (Net Asset Value) of this tax saving equity as of 2021-02-26 is ₹ 17.2142. The total AUM (Asset Under Management) of the fund as of 2021-02-26 is ₹ 58.833. The category risk of the Essel Long Term Advantage Fund (DP-A) fund is Very High Risk. The fund charges 2.33 % as expense ratio.
The fund’s highest allocation is towards equity and has invested 97.5% in this asset class. The top three holdings of the fund are icici bank ltd,tata consultancy services ltd and dixon technologies (india) ltd
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 500 and you can increase this in multiples of ₹ 500. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 500.
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to S&P BSE 100 India TR INR
Essel Long Term Advantage Fund (DP-A) has a score of 3 on a scale of 5. The fund scores 3 out of 5 based on historical performance. As compared to the other funds in its category, Essel Long Term Advantage Fund (DP-A) has a score of 2 out of 5. Scipbox has rated this fund 4 out of 5 based on consistency of performance over various years / tenures.