Essel Short Term Growth
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- Fund Summary
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- Related funds
- Why Cleartax
|Risk||Moderately Low risk|
|Fund Type||Short Duration|
More about this fund
|Mahindra & Mahindra Financial Services Ltd||39.97%|
|LIC Housing Finance Limited||32.5%|
About Essel Short Term Fund
Essel Short Term Fund is an open-ended debt scheme investing in debt and money market instruments. The Macaulay Duration of the portfolio is between 1 year - 3 years. The fund strives to generate income and capital appreciation over short and medium term.
Pros & Cons of Essel Short Term Fund
Essel Short Term Fund offers the following benefits:
- The fund enables investors to generate returns over shorter duration with lesser risks and higher volatility.
- It also acts as a medium for short-term parking of funds.
- However, the fund returns are lower than the average category returns.
Fund Information and Statistics of Essel Short Term Fund
i) Inception / Launch date -
Essel Short Term Fund was launched on August 18, 2010, by Essel Finance.
ii) Risk level –
Investments in Essel Short Term Fund are at moderately-low risk and suitable for short-term parking of funds.
iii) Redemption –
The scheme offers units for redemption at NAV based prices on all business days. 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 managed by Mr Killol P Pandya since September 18, 2015. He is a B. com, DPCM, & MMS in Finance and comes with previous work experience of 18 years.
v) Entry / Exit load -
The fund house does not charge any entry load or exit load.
Tax benefits of investing in Essel Short Term 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 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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Frequently Asked Questions
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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