Essel Large & Mid Cap Fund Regular Growth
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- Fund Summary
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|Risk||Moderately High risk|
|Fund Type||Large & Mid-Cap|
More about this fund
|ICICI Bank Ltd||5.13%|
|Reliance Industries Ltd||3.65%|
|Max Financial Services Ltd||3.64%|
|Dixon Technologies (India) Ltd||3.52%|
|HCL Technologies Ltd||3.43%|
|Cholamandalam Investment and Finance Co Ltd||2.9%|
|HDFC Bank Ltd||2.85%|
|Jubilant Foodworks Ltd||2.79%|
|AU Small Finance Bank Ltd||2.55%|
|Bharti Airtel Ltd||2.51%|
About Essel Large and Midcap Fund
Essel Large and Midcap Fund is an open-ended equity scheme which as the name suggests invests in large and mid-cap stocks. The scheme will invest at least 35% of the capital in equity & equity-related instruments of large cap companies and mid cap companies each. It may also invest up to 30% in debt & money market instruments, up to 50% in Derivatives, and up to 20% in Securities and Lending option. The fund seeks to generate capital appreciation over medium to long-term investment horizon.
Pros & Cons of Essel Large and Midcap Fund
Essel Large and Midcap Fund offers the following benefits:
- The fund provides an opportunity to invest in both large and mid-cap companies.
- This ensures that investors can get good returns from the growth of mid cap companies while protecting their investment against volatility with holdings of large cap companies.
- The recent fund returns are better than the average category returns.
Fund Information and Statistics of Essel Large and Midcap Fund
i) Inception / Launch date –
Essel Large and Midcap Fund was launched on December 07, 2015, by Essel Finance.
ii) Risk level –
Investment in this fund are moderately high-risk bet and suitable for long-term investment horizon.
iii) Redemption –
The scheme will offer units for purchase and redemption at applicable NAV prices. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days.
iv) Fund Manager –
The fund is managed by Mr Viral Berawala since April 02, 2018. He is a CA & PGPX and comes with 11 years of work experience.
v) Entry / Exit load -
The fund house does not charge any entry load or exit load of 15% of the units are redeemed before 365 days from the date of the allotment. If the rest are redeemed before the 365 days, an exit load of 1% is charged.
Tax benefits of investing in Essel Large and Midcap Fund
A short-term capital gain tax of 15 % is levied is the units are sold within one year from the date of allotment. Long-term capital gains, in excess of Rs 1 lakh, are taxed at 10% if the units are sold after one year. Dividend distribution may be applicable.
About Essel Finance
Essel Finance is a part of Essel Group which owns Zee Media, DNA, Dish TV, Essel Infraprojects Limited, Morgan Gatsby, Essel Propack Limited, and many other top companies across industries. The fund house invests with the objective to generate higher risk-adjusted returns for the investors. It does macro-economic, technical, and market trends before making any investments.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns