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Essel Mutual Fund

Updated on May 17, 2024 , 2988 views

(Erstwhile Peerless Mutual Fund)

Peerless Mutual Fund now known as Essel Mutual Fund is one of the well-established Mutual Fund companies in India. The Mutual Fund company commenced its operations in the year 2009 and in 2016, it was acquired by Essel Group. Since then, it is renamed as Essel Mutual Fund. The company offers numerous schemes under different categories to cater the varied preferences of customers.

Essel Mutual Fund

The Asset Management Company or AMC that presently governs the functioning of Essel Mutual Fund is known as Essel Finance Asset Management Company Limited. Peerless Mutual Fund uses different investment philosophy for equity, debt, and hybrid funds with an aim to earn maximum returns.

AMC Peerless Mutual Fund
Date of Setup December 04, 2009
AUM INR 1789.90 crore (Jun-30-2018)
Chairman Mr. Amitabh Chaturvedi
CEO/MD Mr. Rajiv Shastri
CIO Mr. Viral Berawala
Compliance Officer Mr. Madangopal Jalan
investor Service Officer Ms. Roshni Chorge
Customer Care Number 1800 103 8999
Fax 033 40185010
Telephone 033 40185000
Email mutualfund[AT]esselfinance.com
Website www.mutualfund.esselfinance.com

About Peerless Group

Peerless Group was found in the year 1932 at Dhaka’s Port of Narayanganj, (Presently in Bangladesh) by Late Mr. Radheshyam Roy. The objective of starting the company was to assist the insurance needs of Indians. With the passage of time, the company moved to Kolkata. In 1956, the company shifted its focus towards small-savings as the insurance sector began to nationalize. Since then, it has entered into various fields of finance like financial product distribution, financial services, and securities. Peerless Group established their Mutual Fund operations in 2009 and has also tasted success in the same. It has launched around 9 schemes till 2016 before it was acquired by Essel Finance.

About Essel Finance Group

Essel Group is in charge of Peerless Mutual Fund post its acquisition in 2016. It is a part of Essel Group which is a USD 10 Billion Conglomerate that has its wings spread in various sectors such as entertainment, media, packaging, infrastructure, and so on. The company aims to strive hard for its presence and bring latest innovations by delivering the best value and services to its customers.

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Best Performing Mutual Funds by Essel

As mentioned earlier, Essel Mutual Fund offers a number of schemes to satisfy the various needs of the investors. Some of these categories of Mutual Fund schemes are as follows.

Equity Mutual Funds

This Mutual Fund scheme invests its corpus in equity and equity-related products of various companies. The returns of Equity Funds are not guaranteed. Some of the Mutual Fund schemes that form part of the equity fund are:

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Essel Large Cap Equity Fund Growth ₹30.7626
↑ 0.20
₹96-8-14.5-2.6107
Essel Long Term Advantage Fund Growth ₹26.7194
↑ 0.09
₹622.313.128.115.613.824.1
Essel Large and Midcap Fund Growth ₹31.7938
↑ 0.26
₹2824.711.625.517.216.623.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Jul 22

Debt Mutual Funds

The corpus of debt funds is predominantly invested in fixed Income securities like treasury bills, corporate Bonds, government bonds, and much more. The returns on debt funds do not fluctuate much. Some of the schemes that are offered by Essel in Debt fund category include:

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Essel Liquid Fund Growth ₹26.3775
↑ 0.01
₹921.73.46.95.66.86.64%29D29D
Essel Ultra Short Term Fund Growth ₹2,251.94
↑ 0.11
₹130.512.13.1 5%3M 7D3M 14D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 May 24

Hybrid Mutual Funds

Hybrid or Balanced Fund invest their corpus in a combination of both equity as well as debt funds. If the equity investments of the Portfolio are more than 65% then, the fund forms part of hybrid funds. Contrarily, if the debt investments of the portfolio are more than 65% then, the funds form part of Monthly Income Plan (MIP). Under hybrid category, the schemes offered by Peerless include:

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Essel Regular Savings Fund Growth ₹25.247
↑ 0.00
₹341.25.49.56.15.97.2
Essel 3 IN 1 FUND Growth ₹23.6718
↑ 0.08
₹17-7.5-10.80.49.67.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 May 24

1. Essel Large and Midcap Fund

(Erstwhile Essel Midcap Fund)

The investment objective of the scheme is to generate medium to long-term capital appreciation by investing predominantly in equity and equity related securities of midcap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Essel Large and Midcap Fund is a Equity - Large & Mid Cap fund was launched on 7 Dec 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 14.7% since its launch.  Return for 2023 was 23.5% , 2022 was 0.3% and 2021 was 44.1% .

Below is the key information for Essel Large and Midcap Fund

Essel Large and Midcap Fund
Growth
Launch Date 7 Dec 15
NAV (17 May 24) ₹31.7938 ↑ 0.26   (0.84 %)
Net Assets (Cr) ₹282 on 30 Apr 24
Category Equity - Large & Mid Cap
AMC Essel Funds Management Company Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 0
Sharpe Ratio 1.47
Information Ratio -1.38
Alpha Ratio -14.09
Min Investment 1,000
Min SIP Investment 500
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹8,137
30 Apr 21₹12,670
30 Apr 22₹15,755
30 Apr 23₹16,154
30 Apr 24₹20,374

Essel Large and Midcap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for Essel Large and Midcap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 May 24

DurationReturns
1 Month 5.1%
3 Month 4.7%
6 Month 11.6%
1 Year 25.5%
3 Year 17.2%
5 Year 16.6%
10 Year
15 Year
Since launch 14.7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 23.5%
2022 0.3%
2021 44.1%
2020 8%
2019 9.1%
2018 -8.5%
2017 38.9%
2016 11.9%
2015
2014
Fund Manager information for Essel Large and Midcap Fund
NameSinceTenure
Aditya Mulki11 Mar 222.06 Yr.
Ashutosh Shirwaikar1 Aug 230.67 Yr.

Data below for Essel Large and Midcap Fund as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services32.32%
Consumer Cyclical16.8%
Technology9.96%
Basic Materials9.28%
Consumer Defensive6.63%
Industrials6.49%
Health Care5.59%
Energy4.73%
Communication Services4.68%
Utility0.61%
Asset Allocation
Asset ClassValue
Cash2.91%
Equity97.09%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 18 | HDFCBANK
5%₹13 Cr88,092
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 19 | RELIANCE
5%₹13 Cr42,800
Infosys Ltd (Technology)
Equity, Since 31 Jan 20 | INFY
4%₹11 Cr74,479
Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Mar 22 | 543220
4%₹10 Cr120,000
ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | ICICIBANK
3%₹9 Cr84,400
Shriram Finance Ltd (Financial Services)
Equity, Since 30 Jun 21 | SHRIRAMFIN
3%₹9 Cr36,700
Vedant Fashions Ltd (Consumer Cyclical)
Equity, Since 31 Jan 24 | 543463
3%₹8 Cr83,000
↑ 8,000
Info Edge (India) Ltd (Communication Services)
Equity, Since 31 Oct 23 | NAUKRI
3%₹7 Cr13,400
State Bank of India (Financial Services)
Equity, Since 28 Feb 23 | SBIN
3%₹7 Cr95,000
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | FEDERALBNK
3%₹7 Cr470,000

2. Essel Large Cap Equity Fund

(Erstwhile Essel Equity Fund)

To generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of equity & equity related securities. However, there can be no assurance that the investment objective will be achieved. The scheme does not assure or guarantee any returns.

Essel Large Cap Equity Fund is a Equity - Large Cap fund was launched on 28 Sep 11. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11% since its launch.  Ranked 11 in Large Cap category. .

Below is the key information for Essel Large Cap Equity Fund

Essel Large Cap Equity Fund
Growth
Launch Date 28 Sep 11
NAV (15 Jul 22) ₹30.7626 ↑ 0.20   (0.65 %)
Net Assets (Cr) ₹96 on 31 May 22
Category Equity - Large Cap
AMC Essel Funds Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 2.48
Sharpe Ratio 0.1
Information Ratio -0.82
Alpha Ratio -3.02
Min Investment 1,000
Min SIP Investment 500
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹8,511
30 Apr 21₹12,437
30 Apr 22₹14,088

Essel Large Cap Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070
Invest Now

Returns for Essel Large Cap Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 May 24

DurationReturns
1 Month 2.6%
3 Month -8%
6 Month -14.5%
1 Year -2.6%
3 Year 10%
5 Year 7%
10 Year
15 Year
Since launch 11%
Historical performance (Yearly) on absolute basis
YearReturns
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Fund Manager information for Essel Large Cap Equity Fund
NameSinceTenure

Data below for Essel Large Cap Equity Fund as on 31 May 22

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

3. Essel Regular Savings Fund

(Erstwhile Essel Income Plus Fund)

To generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity & equity related securities. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

Essel Regular Savings Fund is a Hybrid - Hybrid Debt fund was launched on 29 Jul 10. It is a fund with Moderate risk and has given a CAGR/Annualized return of 6.9% since its launch.  Ranked 52 in Hybrid Debt category.  Return for 2023 was 7.2% , 2022 was 3% and 2021 was 6% .

Below is the key information for Essel Regular Savings Fund

Essel Regular Savings Fund
Growth
Launch Date 29 Jul 10
NAV (17 May 24) ₹25.247 ↑ 0.00   (0.00 %)
Net Assets (Cr) ₹34 on 30 Apr 24
Category Hybrid - Hybrid Debt
AMC Essel Funds Management Company Ltd
Rating
Risk Moderate
Expense Ratio 0
Sharpe Ratio 1.28
Information Ratio -0.63
Alpha Ratio 0.34
Min Investment 1,000
Min SIP Investment 500
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,081
30 Apr 21₹11,092
30 Apr 22₹11,659
30 Apr 23₹12,068
30 Apr 24₹13,262

Essel Regular Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120
Invest Now

Returns for Essel Regular Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 May 24

DurationReturns
1 Month 0.6%
3 Month 1.2%
6 Month 5.4%
1 Year 9.5%
3 Year 6.1%
5 Year 5.9%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.2%
2022 3%
2021 6%
2020 5%
2019 7.1%
2018 3%
2017 7.7%
2016 7.9%
2015 6.7%
2014 13%
Fund Manager information for Essel Regular Savings Fund
NameSinceTenure
Aditya Mulki11 Mar 222.06 Yr.
Ashutosh Shirwaikar1 Aug 230.67 Yr.
Tanmay Sethi1 Feb 240.16 Yr.

Data below for Essel Regular Savings Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash30.52%
Equity18.34%
Debt50.93%
Other0.21%
Equity Sector Allocation
SectorValue
Energy3.85%
Financial Services3.15%
Technology3%
Utility2.68%
Communication Services2.53%
Consumer Defensive1.6%
Health Care1.35%
Consumer Cyclical0.17%
Debt Sector Allocation
SectorValue
Government36.91%
Cash Equivalent24.65%
Corporate19.9%
Credit Quality
RatingValue
AA8.06%
AAA91.94%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
364 DTB 09012025
Sovereign Bonds | -
23%₹8 Cr800,000
364 DTB 24102024
Sovereign Bonds | -
14%₹5 Cr500,000
HDFC Bank Limited
Debentures | -
6%₹2 Cr210,000
Muthoot Finance Limited
Debentures | -
5%₹2 Cr175,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 19 | RELIANCE
3%₹1 Cr3,500
LIC Housing Finance Ltd
Debentures | -
3%₹1 Cr100,000
India Grid Trust Units Series - IV (Utilities)
Equity, Since 31 May 19 | 540565
3%₹1 Cr67,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
2%₹1 Cr6,574
Infosys Ltd (Technology)
Equity, Since 15 Feb 23 | INFY
2%₹1 Cr4,000
Tata Consumer Products Ltd (Consumer Defensive)
Equity, Since 31 May 20 | 500800
2%₹1 Cr4,780

4. Essel Long Term Advantage Fund

The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the Scheme, subject to a maximum of ` 1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act, 1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized.

Essel Long Term Advantage Fund is a Equity - ELSS fund was launched on 30 Dec 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.4% since its launch.  Return for 2023 was 24.1% , 2022 was -2% and 2021 was 29.4% .

Below is the key information for Essel Long Term Advantage Fund

Essel Long Term Advantage Fund
Growth
Launch Date 30 Dec 15
NAV (17 May 24) ₹26.7194 ↑ 0.09   (0.34 %)
Net Assets (Cr) ₹62 on 30 Apr 24
Category Equity - ELSS
AMC Essel Funds Management Company Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 0
Sharpe Ratio 1.89
Information Ratio -1.21
Alpha Ratio -5.13
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹8,144
30 Apr 21₹11,787
30 Apr 22₹13,690
30 Apr 23₹14,150
30 Apr 24₹18,250

Essel Long Term Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for Essel Long Term Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 May 24

DurationReturns
1 Month 3.6%
3 Month 2.3%
6 Month 13.1%
1 Year 28.1%
3 Year 15.6%
5 Year 13.8%
10 Year
15 Year
Since launch 12.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 24.1%
2022 -2%
2021 29.4%
2020 8.5%
2019 7.9%
2018 -5.1%
2017 34.4%
2016 7.6%
2015
2014
Fund Manager information for Essel Long Term Advantage Fund
NameSinceTenure
Aditya Mulki11 Mar 222.06 Yr.
Ashutosh Shirwaikar1 Aug 230.67 Yr.

Data below for Essel Long Term Advantage Fund as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services25.72%
Technology16.63%
Industrials12.05%
Health Care11.99%
Consumer Cyclical9.09%
Consumer Defensive9%
Basic Materials5.79%
Energy4.57%
Communication Services3.51%
Asset Allocation
Asset ClassValue
Cash1.65%
Equity98.35%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 30 Apr 20 | INFY
6%₹4 Cr25,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 28 Feb 21 | SUNPHARMA
6%₹3 Cr20,500
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
5%₹3 Cr21,500
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 19 | RELIANCE
5%₹3 Cr9,268
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | 541154
4%₹3 Cr7,900
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 16 | ICICIBANK
4%₹3 Cr23,609
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 28 Feb 21 | TATAMOTORS
4%₹2 Cr22,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 20 | TCS
3%₹2 Cr5,265
↑ 800
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Jan 22 | 540719
3%₹2 Cr13,500
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹2 Cr16,000

Essel SIP Mutual Fund

Most of the Mutual Fund schemes of Peerless offer SIP option in them. SIP or Systematic Investment plan is an Investing mode where people invest in small amounts at regular intervals to attain their goals. SIP has helped many investors of Essel Mutual Fund to attain their objectives within their mentioned timeframe.

Essel Mutual Fund Calculator

mutual fund calculator helps individuals to calculate the savings amount to be set aside in the present date to achieve their future goals. Also known as sip calculator, some of the input data that is to be entered include an individual’s age, monthly income, monthly expenses, the rate of returns they expect on their investment, and so on. In addition, SIP calculator also helps people to understand how their investment is growing over time.

Know Your Monthly SIP Amount

   
My Goal Amount:
Goal Tenure:
Years
Expected Annual Returns:
%
Total investment required is ₹3/month for 20 Years
  or   ₹257 one time (Lumpsum)
to achieve ₹5,000
Invest Now

How to Invest in Essel Mutual Fund Online?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

    Get Started

Essel No-load Mutual Funds

Most of the Mutual Fund schemes of Essel do not charge any load or expenses during Redemption. As a consequence, individuals can claim entire amount at the time of redemption. Likewise, people investing in Essel Mutual Fund also can get their claim back at the time of redemption.

Essel Mutual Fund NAV

The Mutual Fund NAV of Peerless Mutual Fund can be found on the company’s website. In addition, people can also find the NAV of the Peerless on the AMFI’s website. Likewise, the past NAV can also be found in a similar manner.

Essel Mutual Fund Account Statement

Essel Mutual Fund sends the account statement to its investor on a periodic Basis by email. People opted for offline mode of investment receive their statements through the post. People can even log into their account and check for the statement.

Registered Address

“Peerless Mansion”, 3rd Floor, 1, Chowringhee Square, Kolkata – 700069.

Sponsor(s)

Essel Finance Wealth Zone Private Limited

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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