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Essel Mutual Fund
(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.
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 |
| 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:
Fund NAV Net 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 -2.6 10 7 Essel Long Term Advantage Fund Growth ₹25.7936
↓ -0.05 ₹63 -0.1 9.1 27.7 15.1 11.9 24.1 Essel Large and Midcap Fund Growth ₹30.251
↓ -0.11 ₹277 -2.2 5.9 24 16.5 14.2 23.5 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:
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Essel Liquid Fund Growth ₹26.2379
↑ 0.00 ₹105 1.7 3.4 6.9 5.5 6.8 7.11% 1M 2D 1M 6D Essel Ultra Short Term Fund Growth ₹2,251.94
↑ 0.11 ₹13 0.5 1 2.1 3.1 5% 3M 7D 3M 14D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Apr 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:
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Essel Regular Savings Fund Growth ₹25.0905
↓ -0.02 ₹28 1.5 5.2 9.9 6 5.6 7.2 Essel 3 IN 1 FUND Growth ₹23.6718
↑ 0.08 ₹17 -7.5 -10.8 0.4 9.6 7.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Apr 24
(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 Below is the key information for Essel Large and Midcap Fund Returns up to 1 year are on (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 Below is the key information for Essel Large Cap Equity Fund Returns up to 1 year are on (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 Below is the key information for Essel Regular Savings Fund Returns up to 1 year are on 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 Below is the key information for Essel Long Term Advantage Fund Returns up to 1 year are on 1. Essel Large and Midcap Fund
CAGR/Annualized return of 14.2% since its launch. Return for 2023 was 23.5% , 2022 was 0.3% and 2021 was 44.1% . Essel Large and Midcap Fund
Growth Launch Date 7 Dec 15 NAV (16 Apr 24) ₹30.251 ↓ -0.11 (-0.35 %) Net Assets (Cr) ₹277 on 29 Feb 24 Category Equity - Large & Mid Cap AMC Essel Funds Management Company Ltd Rating Risk Moderately High Expense Ratio 0 Sharpe Ratio 1.65 Information Ratio -1.23 Alpha Ratio -10.99 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.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,257 31 Mar 21 ₹12,435 31 Mar 22 ₹15,757 31 Mar 23 ₹15,449 31 Mar 24 ₹19,277 Returns for Essel Large and Midcap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 3.3% 3 Month -2.2% 6 Month 5.9% 1 Year 24% 3 Year 16.5% 5 Year 14.2% 10 Year 15 Year Since launch 14.2% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Aditya Mulki 11 Mar 22 2.06 Yr. Ashutosh Shirwaikar 1 Aug 23 0.67 Yr. Data below for Essel Large and Midcap Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 32.44% Consumer Cyclical 16.08% Technology 10.55% Basic Materials 10.45% Industrials 6.58% Consumer Defensive 6.36% Health Care 5.27% Energy 4.52% Communication Services 4.23% Utility 0.61% Asset Allocation
Asset Class Value Cash 2.91% Equity 97.08% Debt 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 19 | RELIANCE5% ₹13 Cr 42,800
↓ -3,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 20 | INFY5% ₹12 Cr 74,479 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 18 | HDFCBANK4% ₹12 Cr 88,092
↓ -8,000 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Mar 22 | MAXHEALTH3% ₹10 Cr 120,000 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Jun 21 | SHRIRAMFIN3% ₹9 Cr 36,700 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | ICICIBANK3% ₹9 Cr 84,400 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 28 Feb 23 | M&M3% ₹8 Cr 42,900 Vedant Fashions Ltd (Consumer Cyclical)
Equity, Since 31 Jan 24 | 5434633% ₹8 Cr 75,000
↑ 32,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 23 | SBIN3% ₹7 Cr 95,000 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | FEDERALBNK3% ₹7 Cr 470,000 2. Essel Large Cap Equity Fund
CAGR/Annualized return of 11% since its launch. Ranked 11 in Large Cap category. . 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.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,446 31 Mar 21 ₹12,429 31 Mar 22 ₹14,476 Returns for Essel Large Cap Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 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
Year Returns 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Fund Manager information for Essel Large Cap Equity Fund
Name Since Tenure Data below for Essel Large Cap Equity Fund as on 31 May 22
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 3. Essel Regular Savings Fund
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% . Essel Regular Savings Fund
Growth Launch Date 29 Jul 10 NAV (16 Apr 24) ₹25.0905 ↓ -0.02 (-0.08 %) Net Assets (Cr) ₹28 on 29 Feb 24 Category Hybrid - Hybrid Debt AMC Essel Funds Management Company Ltd Rating ☆ Risk Moderate Expense Ratio 0 Sharpe Ratio 1.91 Information Ratio -0.94 Alpha Ratio 0.64 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.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹9,814 31 Mar 21 ₹11,178 31 Mar 22 ₹11,662 31 Mar 23 ₹11,963 31 Mar 24 ₹13,223 Returns for Essel Regular Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 0% 3 Month 1.5% 6 Month 5.2% 1 Year 9.9% 3 Year 6% 5 Year 5.6% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Aditya Mulki 11 Mar 22 2.06 Yr. Ashutosh Shirwaikar 1 Aug 23 0.67 Yr. Tanmay Sethi 1 Feb 24 0.16 Yr. Data below for Essel Regular Savings Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 16.33% Equity 21.65% Debt 61.77% Other 0.25% Equity Sector Allocation
Sector Value Technology 4.04% Financial Services 3.82% Energy 3.59% Utility 3.17% Communication Services 3.07% Consumer Defensive 2.1% Health Care 1.65% Consumer Cyclical 0.21% Debt Sector Allocation
Sector Value Government 44.7% Corporate 17.07% Cash Equivalent 16.33% Credit Quality
Rating Value AA 9.01% AAA 90.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 DTB 09012025
Sovereign Bonds | -27% ₹8 Cr 800,000 364 DTB 24102024
Sovereign Bonds | -17% ₹5 Cr 500,000 HDFC Bank Limited
Debentures | -7% ₹2 Cr 210,000 Muthoot Finance Limited
Debentures | -6% ₹2 Cr 175,000 National Housing Bank
Debentures | -4% ₹1 Cr 100,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 19 | RELIANCE4% ₹1 Cr 3,500 LIC Housing Finance Ltd
Debentures | -4% ₹1 Cr 100,000 India Grid Trust Units Series - IV (Utilities)
Equity, Since 31 May 19 | 5405653% ₹1 Cr 67,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL3% ₹1 Cr 6,574 Infosys Ltd (Technology)
Equity, Since 15 Feb 23 | INFY2% ₹1 Cr 4,000 4. Essel Long Term Advantage Fund
CAGR/Annualized return of 12.1% since its launch. Return for 2023 was 24.1% , 2022 was -2% and 2021 was 29.4% . Essel Long Term Advantage Fund
Growth Launch Date 30 Dec 15 NAV (16 Apr 24) ₹25.7936 ↓ -0.05 (-0.21 %) Net Assets (Cr) ₹63 on 29 Feb 24 Category Equity - ELSS AMC Essel Funds Management Company Ltd Rating Risk Moderately High Expense Ratio 0 Sharpe Ratio 2.14 Information Ratio -1.17 Alpha Ratio -2.73 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,264 31 Mar 21 ₹11,758 31 Mar 22 ₹13,797 31 Mar 23 ₹13,650 31 Mar 24 ₹17,637 Returns for Essel Long Term Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 1.1% 3 Month -0.1% 6 Month 9.1% 1 Year 27.7% 3 Year 15.1% 5 Year 11.9% 10 Year 15 Year Since launch 12.1% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Aditya Mulki 11 Mar 22 2.06 Yr. Ashutosh Shirwaikar 1 Aug 23 0.67 Yr. Data below for Essel Long Term Advantage Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 25.77% Technology 16.79% Industrials 11.32% Health Care 11.14% Consumer Cyclical 9.14% Consumer Defensive 8.95% Basic Materials 6.33% Energy 4.31% Communication Services 3.07% Asset Allocation
Asset Class Value Cash 3.18% Equity 96.82% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 30 Apr 20 | INFY7% ₹4 Cr 25,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 28 Feb 21 | SUNPHARMA5% ₹3 Cr 20,500 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK5% ₹3 Cr 21,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 19 | RELIANCE4% ₹3 Cr 9,268
↓ -1,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 16 | ICICIBANK4% ₹2 Cr 23,609
↓ -3,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL4% ₹2 Cr 7,900 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Jan 22 | SBILIFE3% ₹2 Cr 13,500 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 28 Feb 21 | TATAMOTORS3% ₹2 Cr 22,000
↓ -6,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 20 | TCS3% ₹2 Cr 4,465 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹2 Cr 16,000
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
How to Invest in Essel Mutual Fund Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
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
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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