Essel 3 in 1 Fund Growth
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- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Multi Asset Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|Nippon India ETF Gold BeES||13.91%|
|HDFC Bank Ltd||6.49%|
|Reliance Industries Ltd||6.45%|
|ICICI Bank Ltd||4.2%|
|Kotak Mahindra Bank Ltd||3.58%|
|HCL Technologies Ltd||3.04%|
|Dr Reddy's Laboratories Ltd||3%|
|Avenue Supermarts Ltd||2.45%|
|Divi's Laboratories Ltd||2.18%|
About Essel 3 in 1 Fund
Essel 3 in 1 Fund is an open-ended fund which as the name suggests invests in 3 different asset classes - debt, gold, and equity. The fund will invest in equity and equity-related instruments (at least 65%), Gold ETFs of other mutual funds and gold-related fund (10%), and debt & money market instruments (10%). The scheme aims to provide long-term capital appreciation.
Pros & Cons of Essel 3 in 1 Fund
Essel 3 in 1 Fund offers the following benefits:
- The fund provides investors with the opportunity to invest across asset classes.
- It also enables investors to diversify their investment and reduce the overall risk by investing in both aggressive and defensive instruments.
- However, the long-term returns are less than the average category return.
Fund Information and Statistics of Essel 3 in 1 Fund
i) Inception / Launch date –
Essel 3 in 1 Fund was launched on April 05, 2011, by Essel Finance.
ii) Risk level –
Investment in this fund are moderately risky bets 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 jointly managed by Mr Killol P Pandya since September 18, 2015, and Mr Viral Berawala since April 02, 2018.
v) Entry / Exit load -
The fund house does not charge any entry load or exit load for investing in the scheme.
Tax benefits of investing in Essel 3 in 1 Fund
A Short-term capital gain tax is applicable as per the income tax slab if sold before 36 months. If the investments are redeemed after 36 months, a long-term capital gain tax of 20% with indexation is levied.
About Essel Finance
Essel Finance is a wholly owned subsidiary of Essel Finance Management LLP, the holding company of all financial services related businesses of the USD 10 billion Essel Group. Essel Finance aims to deliver the best value to the customer by being innovative and commitment towards operational excellence. The fund house believes in thorough research before investing in any instrument.
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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