Essel Long Term Advantage Fund Regular Growth
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- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|ICICI Bank Ltd||4.73%|
|Tata Consultancy Services Ltd||4.18%|
|Dixon Technologies (India) Ltd||3.88%|
|HCL Technologies Ltd Shs Dematerialised||3.65%|
|Kotak Mahindra Bank Ltd||3.6%|
|Bharti Airtel Ltd||3.54%|
|Reliance Industries Ltd Shs Dematerialised||3.44%|
|Bajaj Finance Ltd||3.35%|
|HDFC Bank Ltd||3.32%|
|Max Financial Services Ltd||2.95%|
About Essel Long Term Advantage fund
Essel Long Term Advantage fund is an open ended equity linked scheme (ELSS) mutual fund from the house of Peerless AMC. This ELSS scheme also has a lock in period of 3 years with Tax exemption benefits of 80C. The fund’s investment objective is to predominantly invest in a diversified portfolio of equity and equity related instruments with an aim of providing investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction under Section 80C on their investments.
Pros & Cons of Essel Long Term Advantage fund
Essel Long Term Advantage Fund offers 3 benefits:
- Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
- Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
- Being a recently launched fund, it needs a considerable time to realise its full potential. It has been unable to contain losses more than its category and the benchmark in 3 month and 1 year time horizon.
Fund Information and Statistics of Essel Long Term Advantage fund
i) Inception / Launch date
Essel Long Term Advantage fund was launched on 30 December 2015 by Essel Mutual Fund.
ii) Risk level
Being a multi-cap fund, Essel Long Term Advantage fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr Viral Berawala, who has worked with prestigious fund houses previously, has been managing the Essel Long Term Advantage fund since April 2018.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in Essel Long Term Advantage fund.
Tax benefits of investing in Essel Long Term Advantage fund
Essel Long Term Advantage fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.
About Essel Mutual Fund
After launching its first scheme, Essel Mutual Fund has witnessed remarkable growth. It seeks to create long term relationships with its stakeholders by relying on its human capital, extensive research and global networks. It strives to grow in scope and redefine the meaning of finance.
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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