Tax Saving funds provides tax saving with inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
The fund has relatively moderate history for analysis. We recommend funds with longer history.
Relative Size
55 Cr
Small within the category
Category View
Positive
The category has a positive investment outlook
Consistency Of Performance
Relatively moderate
The historical performance of the fund has been OK.
Tax Saver Plan
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.
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
Moderately Low
Moderate
Moderately High
High
Moderately High risk
2.33%
Expense Ratio
30th Dec, 2015
Launched (4y ago)
₹
55
AUM in Crores
INF959L01CG8
ISIN
3 years
Lock-in
S&P BSE 100 India TR INR
Benchmark
₹
500
SIP Minimum
₹
500
Lumpsum Min.
Fund Managers
Saravana Kumar
Fund Manager
Returns Calculator Comparison
of
for
Instrument
Returns
Total Corpus
Gains
Annualised %
Mutual Fund
11.25%
EPF
Property
PPF
Bank FD
Gold
Savings Bank
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.
Essel Funds Management Company Ltd manages assets worth ₹ 655 crores. It's current offering of mutual fund schemes includes 27 equity, 14 debt and 32 hybrid funds.
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.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment
asset class such as large cap, diversified, liquid etc. When you invest
for an objective, the algorithm suggests the appropriate asset class and
funds.
Top Ranked
These funds are the top performers within a category of mutual funds considering a combination of criteria. The best amongst these funds are also labelled as Scripbox Recommended.
Not Recommended
Scripbox algorithm classifies funds as "not recommended" when they perform poorly on a combination of criteria. These funds are usually the poorest performers within a category.
Track Record
We look at consistent and long historical performance for our analysis
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are
preferred
Category View
We check if the sub-category of the fund is recommended by us
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack
Track Record
We look at consistent and long historical performance for our analysis
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better
Equity Funds
Debt Funds
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About Essel Long Term Advantage Fund (Dividend Payout - Annually)
About Essel Long Term Advantage Fund (Dividend Payout - Annually)
Essel Long Term Advantage Fund (Dividend Payout - Annually) is a Tax Saving Equity fund and has delivered an annualised return of 7.07% over a period of 4 years.
The fund is managed by Essel Funds Management Company Ltd.
The fund manager’s name is Saravana Kumar.
Essel Long Term Advantage Fund (Dividend Payout - Annually) Investment Objective
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.
Essel Long Term Advantage Fund (Dividend Payout - Annually) NAV, AUM and Risk
The fund was launched on 2015-12-30. The NAV of the fund as of 2020-10-30 is ₹ 13.92. The total AUM of the fund as of 2020-10-30 is ₹ 55 Cr. The category risk of the fund is Moderately High risk
The fund charges 2.33 % as expense ratio.
Essel Long Term Advantage Fund (Dividend Payout - Annually) Holdings
The fund’s highest allocation is towards equity and has invested 97.49% in this asset class.
The top three holdings of the fund are reliance industries ltd, hcl technologies ltd and dixon technologies (india) ltd.
Essel Long Term Advantage Fund (Dividend Payout - Annually) SIP
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.
Essel Long Term Advantage Fund (Dividend Payout - Annually) Investment volatility and Horizon
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.
