Essel Multi Cap Fund Regular Growth
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- Fund Summary
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|Risk||Moderately High risk|
More about this fund
|Reliance Industries Ltd||6.91%|
|ICICI Bank Ltd||5.82%|
|Tata Consultancy Services Ltd||4.06%|
|Dixon Technologies (India) Ltd||3.84%|
|Divi's Laboratories Ltd||3.6%|
|Bharti Airtel Ltd||3.34%|
|HDFC Bank Ltd||3.2%|
|Dr Reddy's Laboratories Ltd||2.88%|
|Kotak Mahindra Bank Ltd||2.66%|
About Essel Multi cap fund
Essel Multi cap fund is a diversified equity fund with an objective to generate long term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity linked instruments.
Pros & Cons of Essel Multi cap fund
Essel Multi cap fund offers the following benefits: 1. These funds balance out the risk and volatility that comes with small cap and micro- cap funds. 2. At the same time they provide stability of a large cap fund as well. Well established companies tend to do well in all the market cycles and in Bull Run the smaller companies perform well, thereby making the returns of these funds very attractive. 3. Flexibility: The fund has the flexibility to adapt to and to capitalize upon changing market conditions. 4. Dynamic: Flexibility allows the scheme to be more responsive than reactive. This ensures that investors in the scheme stay ahead of the curve.
Certain drawbacks of Essel Multi cap fund
- During crisis, when the market sentiment is dipping, large and midcap stocks plunge to more depths, hurting investors badly.
- Fund has seen portfolios overlap and has become benchmark huggers.
Fund Information and Statistics of Essel Multi cap fund
i) Inception / Launch date
Essel Multi cap fund was launched on July 02, 2018 by Essel Finance Mutual Fund AMC.
ii) Risk level
Being an open ended large and mid-cap, this 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 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 has been managing the fund since June 2008. He has an overall fund management experience of 12 years.
v) Entry / Exit load
The exit load is 1% if the units are redeemed within 12 months from the date of allotment in respect of purchase made other than through SIP. Also, if redeemed within 12 months from the date of allotment of units of each instalment of SIP purchase, the same applies.
Tax benefits of investing in the fund
The Short-term capital gain tax of 15% is applicable if sold within a year. Long-term capital gain, in excess of Rs 1 lakh are taxed at 10% without indexation.
About Essel Mutual Fund
Essel Multi cap funds are managed by Essel Finance Mutual Fund. It is an important fiduciary business of Essel Finance built with vision of providing excellent investment solutions, exemplary services and setting the highest ethical standards.
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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