Essel Regular Savings Fund Growth
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- Fund Summary
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|Risk||Moderately High risk|
|Fund Type||Conservative Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|Power Finance Corporation Limited||12.5%|
|India Grid Trust Units Series - IV||5.41%|
|ICICI Bank Ltd Ordinary Shares||3.06%|
|Reliance Industries Ltd Ordinary Shares||2.83%|
|HDFC Bank Ltd||2.6%|
|Bharti Airtel Ltd||1.52%|
|Axis Bank Ltd||1.29%|
|Kotak Mahindra Bank Ltd Ordinary Shares||1.11%|
|HCL Technologies Ltd Ordinary Shares||0.79%|
|Jubilant Foodworks Ltd Ordinary Shares||0.68%|
About Essel Regular Savings Fund
Essel Regular Savings Fund is an open-ended hybrid scheme investing in high quality fixed income securities. The scheme will also have a marginal exposure (10%-25%) in equity and equity related instruments. The fund seeks to provide regular income over medium to long-term investment horizon. It may also invest in derivatives for hedging, portfolio balancing, and such other purposes as may be permitted from time to time.
Pros & Cons of Essel Regular Savings Fund
Essel Regular Savings Fund offers the following benefits:
- The fund enables investors to generate returns by exposing their capital to both defensive and aggressive instruments.
- However, long-term fund returns are less than the average category returns.
Fund Information and Statistics of Essel Regular Savings Fund
i) Inception / Launch date -
Essel Regular Savings Fund was launched on July 29, 2010, by Essel Finance.
ii) Risk level –
Investments in Essel Regular Savings Fund are at moderately-high risk and suitable for regular income.
iii) Redemption –
The redemption request can be made on any business day subject to the NAV price. Proceeds will be dispatched to you by the fund house within 10 working days from the receipt of the redemption request or repurchase.
iv) Fund Manager –
The fund is jointly managed by Mr Killol P Pandya since September 18, 2015, and Mr Viral Berawala since April 02, 2018. They have 29 years of experience between them.
v) Entry / Exit load -
The fund house does not charge any entry load or exit load if 15% of the units are redeemed before 365 days. However, a 1% exit load is charged if the remaining units are redeemed before 365 days.
Tax benefits of investing in Essel Regular Savings Fund
The Short-term capital gain tax as per the income tax slab is levied if sold within 36 months from the date of allotment. A long-term capital gain tax of 20% with indexation will be levied if sold after 36 months.
About Essel Finance
Essel Finance works towards innovative and organised growth before offering any products. The fund house invests in strong businesses run by efficient management who keep the interests of minority shareholders aligned. It aims to create long-term wealth for investors. Notably, Essel Finance is a part of USD 10 billion Essel Group.
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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