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Fincash » Mutual Funds » Essel Long Term Advantage Fund

Essel Long Term Advantage Fund - G

NAV  ₹29.3899 ↑ 0.16  (0.56 %) as on 3 Dec 24

Scheme Objective

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 launched on 30 Dec 15. It is a fund with Moderately High risk and has given a CAGR return of 12.8% 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

NAV as on 3 Dec 24₹29.3899 ↑ 0.16  (0.56 %)
Net Assets (AUM) as on 31 Oct 2024 ₹62 Cr.
Launch Date30 Dec 2015
CategoryEquity - ELSS
RatingNot Rated
TypeOpen Ended Fund
RiskModerately High
AMCEssel Funds Management Company Ltd
Alpha Ratio-6.29
Expense Ratio2.11 %
Sharpe Ratio1.329
Information Ratio-1.17
BenchmarkNot Available
Min Investment ₹500
Min SIP Investment ₹500
Exit Load NIL

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Dec 24

DurationReturns
1 Month 1%
3 Month -4.1%
6 Month 9.6%
1 Year 21.1%
3 Year 12.4%
5 Year 14.6%
10 Year
15 Year
Since launch 12.8%

Historical Annual Returns

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

Growth of 10k Over Years

DateValue
30 Nov 19₹10,000
30 Nov 20₹10,278
30 Nov 21₹13,632
30 Nov 22₹14,343
30 Nov 23₹16,225
30 Nov 24₹19,603

Asset Allocation

Asset ClassValue
Cash13.37%
Equity86.63%

Sector Allocation

SectorValue
Financial Services27.78%
Industrials11.25%
Health Care10.11%
Technology9.84%
Consumer Defensive9.3%
Basic Materials5.46%
Communication Services4.48%
Consumer Cyclical4.46%
Energy3.96%

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
Banks - Regional6%₹4 Cr21,500
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
Telecom Services4%₹3 Cr16,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 19 | RELIANCE
Oil & Gas Refining & Marketing4%₹2 Cr18,536
Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 22 | PERSISTENT
Information Technology Services4%₹2 Cr4,400
Infosys Ltd (Technology)
Equity, Since 30 Apr 20 | INFY
Information Technology Services4%₹2 Cr13,000
Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Mar 22 | MAXHEALTH
Medical Care Facilities4%₹2 Cr22,000
SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Jan 22 | SBILIFE
Insurance - Life4%₹2 Cr13,500
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL
Aerospace & Defense3%₹2 Cr5,000
Rec Limited
Debentures | -
3%₹2 Cr200,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 28 Feb 21 | SUNPHARMA
Drug Manufacturers - Specialty & Generic3%₹2 Cr10,500
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Fund Managers

NameSinceTenure
Aditya Mulki11 Mar 222.65 Yr.
Ashutosh Shirwaikar1 Aug 231.25 Yr.

Custodians

CompanyAddress
HDFC Bank LtdHDFC Bank House,Kamala Mills Compound,Senapati Bapat Marg,,Lower Parel (W),

Registrar & Transfer Agent

Computer Age Management Services Ltd
AddressNew No.10, Old No.178,,Kodambakkam High Road,,Opp. Hotel Palmgrove,,Nungambakkam
FAX91-44-28283610
Emailenq_L@camsonline.com

Administrator Companies

CompanyAddress
Navi Mutual FundPeerless Mansion", 3rd Floor, 1, Chowringhee Square, Kolkata 700069

Auditors

CompanyAddress
S. R. BATLIBOI & CoExpress Tower, 6th Floor,Nariman Point,Mumbai

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Essel Long Term Advantage Fund
Growth
₹29.3899
↑ 0.16
9.64 %21.05 %12.41 %14.56 %
Essel Long Term Advantage Fund
Normal Dividend, Payout
₹29.3871
↑ 0.16
9.64 %21.04 %12.4 %14.55 %
Data as on 3 Dec 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.