Essel Mutual Fund – Review, Fund managers, Investment Process, Fees, Benefits & more
Essel Mutual Fund AMC has been in the industry for a decade now and has managed to earn several investors
In the growth. As an investor, knowing the specific fund performance will always be of help.
This article will also help people to know about the Fund Managers of Essel AMC, key personnel of Essel Mutual Fund, the procedure people need to follow for KYC check & more.
Along with that, we will know what documents required for people to invest in Essel AMC, fees and charges, best performing fund, and customer care details.
About Essel Mutual Fund
The setup date of Essel Mutual Fund is 4th December 2009 and the incorporation date is 9th April 2009.
Mr. Amitabh Chaturvedi is the chairman and Mr. Rajiv Shastri is the CEO of the Essel Mutual Fund.
The assets managed are of rs. 638.58 crore as of June 30th, 2020. The auditors of the Mutual Fund are M/s S R Batliboi & Co. and the custodian is HDFC Bank Ltd.
It currently offers 58 schemes and has a newfangled approach when it comes to income and equity funds.
The quantitative and qualitative analyses of the funds are under the fund managers for the calculation of the risks. A lot more steps are also in here which includes duration call and security selection.
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Why Invest in Essel AMC?
There are certain reasons why people should invest in Essel AMC. They are:
Tax Benefit: Investors have an option where they can easily invest up to rs.1,50,000 in Equity Linked Savings Scheme or ELSS.
This investment can then be deducted from the taxable income of the investors. This simply means that the tax liabilities of the investors will eventually reduce.
All the more, any type of income that the investors receive either in the form of dividends or in the form of long term capital gain stays in the hands of the investor, and that too, tax-free.
Creation of wealth and liquidity: The lock-in period of this fund is 3 years and it is one of the lowest lock-in periods.
It proves to be a blessing in disguise for investors. The main focus is to find ways of creating long term wealth rather than short term market volatility.
How to Invest With Essel Mutual Funds?
There are various ways to invest in Essel Mutual Fund. One such way is using Paytm money.
- Download the ‘Paytm Money’ app from the Play Store or App Store.
- Complete KYC because that will help to become investment-ready.
- You can also invest money both on the website or app.
- On the home screen, investors can search the name of their respective AMC
- After the page has opened, a mutual fund scheme can also be chosen.
- Also, investors can then invest in the chosen mutual fund.
- After the completion of this process, investors can choose SIP or lump sum mode and enter the amount that they want to invest in the fund.
- Besides, the payment should then be made by using Auto Pay, Netbanking, or UPI.
- The last step is to ‘Proceed to Payment’.
- After you invest the amount, the investor can start investing in any Essel Mutual Fund of their choice.
Essel AMC – Fund Managers
The fund manager of Essel AMC is Mr. Saravana Kumar. He has a degree in Electronics and Telecommunication Engineering.
He has taken a degree in MBA (Finance) from IIM Bangalore and is also a CAIIB.
Before being a part of Essel AMC, Saravana Kumar has worked with LIC Mutual Fund and has also been Head of Investments at Trust Investment Advisors Pvt. Ltd.
The Fund Manager of Essel 3 in 1 Fund (Equity Portion) is Mr. Girish Raj.
The Equity and Fund Manager of Essel Arbitrage Fund is Mr. Pradeep Sukte.
Total assets managed is 638.58 crore and the Investor Service Officer, Ms. Rashmi Chorge manages it. Also, the Compliance Officer is Mr. Madangopal Jalan.
Essel Mutual Fund – Key Personnel
There is a key management team of Essel Mutual Fund that is responsible for taking care of funds. The Chief Executive Officer of Essel Mutual Fund is Mr. Madangopal Jalan.
The investments are managed by Mr. Saravana Kumar, who is the Chief Investment Officer, Mr. Girish Raj, who is the Fund Manager of Essel 3 in 1 Fund (Equity Portion), and Mr. Pradeep Sukte, who is the Equity and Fund Manager of Essel Arbitrage Fund.
The co-sales head of North and East Zone is Mr. Kamlesh Dixit, the Head of Operations is Mr. Vilas Solanki, and the Company Secretary and Compliance Officer is Mr. Shubham Joshi.
How To Do KYC Check for Essel Mutual Fund?
For offline KYC
- Download the KYC application form from the website.
- Fill in all the necessary details.
- Attach ID proof, photo, address proof, and PAN Card.
- Besides, you have to submit the KYC form along with these documents to the fund house by going to the office.
For online KYC
- Log onto the website of the agency that has been KYC Registered.
- An account should be created and all the necessary details should be filled in the online form.
- The registered mobile number should also be provided along with the PAN Card and other necessary details that the company might ask for.
- The last step is to upload the attached documents online.
The status of the KYC can be checked online on the website. The investors will be provided with a KYC identification number that they can share with Essel Mutual Fund and start investing.
Documents Required to Invest in HDFC AMC
There are certain documents that are required at the time of investing in HDFC AMC.
- Identity proof and address proof must be submitted.
- Along with the identity and address proof, PAN Card/ Driving License/ any other document notified by the central government must be submitted.
- In-person verification is also important and must be done.
- In case any modifications have to be made to existing details like address or contact details in the KYC records, it should be done.
- Modifications to the contact details/ name/ bank details etc. in the fund records can be changed as well.
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Essel Mutual Fund Fees or Charges
|Fund||Minimum Investment (rs)||Entry Load (in % p.a.)||Exit Load (in % p.a.)||Fund Manager|
|Essel 3 in 1 Fund – Growth – Direct Plan||1000||NA||1.50%||Saravana Kumar|
|Essel Arbitrage Fund – Growth – Direct Plan||1000||NA||0.25%||Pradeep Sukte|
|Essel Equity Hybrid Fund – Growth – Direct Plan||1000||NA||1%||Saravana Kumar|
|Essel Large Cap Equity Fund – Growth – Direct Plan||1000||NA||2%||Saravana Kumar|
|Essel Large & Midcap Fund – Growth – Direct Plan||1000||NA||1%||Saravana Kumar|
|Essel Liquid Fund – Growth – Direct Plan||1000||NA||0.01%||Saravana Kumar|
|Essel Long Term Advantage Fund – Growth – Direct Plan||500||NA||NA||Saravana Kumar|
|Essel Multi Cap Fund – Growth – Direct Plan||1000||NA||1%||Saravana Kumar|
|Essel Regular Savings Fund – Growth – Direct Plan||1000||NA||1.50%||Saravana Kumar|
|Essel Ultra Short Term Fund – Growth – Direct Plan||1000||NA||NA||Saravana Kumar|
Details of Essel Mutual Fund Fees
- 3 in 1 Fund – Growth – Direct Plan: The fee is INR23.681.
- Arbitrage Fund – Growth – Direct Plan: The fee is INR10.813.
- Equity Hybrid Fund – Growth – Direct Plan: The fee is INR12.3989.
- Also, Large Cap Equity Fund – Growth – Direct Plan: The fee is INR30.3711.
- Large & Midcap Fund – Growth – Direct Plan: The fee is INR18.5741.
- Liquid Fund – Growth – Direct Plan: The fee is INR2231.6263.
- Long Term Advantage Fund – Growth – Direct Plan: The fee is INR17.6804.
- Multi-Cap Fund-Growth – Direct Plan: The fee is INR12.9269.
- Regular Savings Fund – Growth – Direct Plan: The fee is INR23.545.
- Ultra Short Term Fund – Growth – Direct Plan: The fee is INR2297.8695.
Best Performing Essel Mutual Fund
|Fund Name||Category||Risk||1Y Returns||Fund Size (in Cr)|
|Essel 3 in 1 Fund||Hybrid||Moderately High||10.50%||Rs.16|
|Essel Regular Savings Fund||Hybrid||Moderately High||5.80%||Rs.34|
|Essel Ultra Short Term Fund||Debt||Moderately Low||4.60%||Rs.24|
|Essel Long Term Advantage Fund||Equity||Moderately High||6.00%||Rs.60|
|Essel Liquid Fund||Debt||Low||3.80%||Rs.35|
|Essel Largecap Equity Fund||Equity||Moderately High||7.60%||Rs.90|
|Essel Large & Midcap Fund||Equity||Moderately High||6.00%||Rs.105|
|Essel Multi Cap Fund||Equity||Moderately High||5.30%||Rs.181|
|Essel Equity Hybrid Fund||Balanced||Moderately High||4.30%||Rs.134|
|Essel Short Term Fund||Debt||Moderately Low||8.90%||Rs.13|
Details of Best Essel AMC Funds
- 3 in 1 Fund: The NAV is INR 21.499 and it has seen a growth of 0.31%.
- Regular Savings Fund: The NAV is INR 20.8839 and it has seen a growth of 0.1%.
- Ultra Short Term Fund: The NAV is INR 2185.6206 and it has seen a growth of 0.01%.
- Long Term Advantage Fund: The NAV is INR 17.6804 and it has seen a growth of 0.65%.
- Liquid Fund: The NAV is INR 2216.5149 and it has seen a growth of 0.01%.
- Largecap Equity Fund: The NAV is INR 27.2272 and it has seen a growth of 0.29%.
- Large and Midcap Fund: The NAV is INR 17.2385 and it has seen a growth of 0.85%.
- Multi-Cap Fund: The NAV is INR 12.2646.
- Equity Hybrid Fund: The NAV is INR 11.8426.
- Short Term Fund: The NAV is INR 11.8426.
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Top 10 Essel AMC Funds
|Fund||1-Year Return||3-Year Return||5-Year Return|
|Essel 3 in 1 Fund – Growth – Direct Plan||9.11%||23.07%||43.50%|
|Essel Arbitrage Fund – Growth – Direct Plan||0.35%||NA||NA|
|Essel Equity Hybrid Fund – Growth – Direct Plan||2.51%||NA||NA|
|Essel Large Cap Equity Fund – Growth – Direct Plan||5.82%||11.90%||56.96%|
|Essel Large & Midcap Fund – Growth – Direct Plan||3.93%||3.64%||61.52%|
|Essel Liquid Fund – Growth – Direct Plan||3.73%||18.39%||36.30%|
|Essel Long Term Advantage Fund – Growth – Direct Plan||4.20%||6.83%||NA|
|Essel Multi Cap Fund – Growth – Direct Plan||3.28%||NA||NA|
|Essel Regular Savings Fund – Growth – Direct Plan||4.09%||14.72%||34.05%|
|Essel Ultra Short Term Fund – Growth – Direct Plan||3.83%||17.73%||34.65%|
Details of Top 10 Essel Funds
These are detailed below.
The top Essel AMC fund is Essel 3 in 1 Fund- Growth Direct Plan. The next top plan is Essel Arbitrage Fund – Growth – Direct Plan. Also, Essel Equity Hybrid Fund – Growth – Direct Plan is another one of the top 10 plans.
Apart from these, they also offer Essel Large Cap Equity Fund – Growth – Direct Plan specifically for those investors with large capital and Essel Large & Midcap Fund – Growth – Direct Plan for investors with large and medium capital investments.
Essel Liquid Fund – Growth – Direct Plan is another top plan that offers mutual funds for liquid investments. Another plan to consider is the Essel Long Term Advantage Fund – Growth – Direct Plan.
Essel Multi-Cap Fund – Growth – Direct Plan is also an amazing fund.
Besides, Essel Regular Savings Fund – Growth – Direct Plan also offers good deals. Essel Ultra Short Term Fund – Growth – Direct Plan offers amazing deals for very short terms of fund investments.
Best Essel Mutual Fund Portfolio
|Fund||Market Value (in Cr.)||Net Asset (in Cr.)||Rating|
|Essel Liquid Fund – Growth – Direct Plan||16473.77||195650.46||AAA|
The best deals in Essel Mutual Funds are in Essel Liquid Fund-Growth-Direct Plan. These are in bonds that have a maturity of up to three months.
This would be suitable if the investor wishes to keep the amount for any emergency needs or any kind of extra money that might not be in immediate need for a few weeks up to a year.
The investor can expect to receive better returns than those obtained from a bank account. The risk of coming across any kind of loss is quite negligible.
At the same time, there are very rare instances where the liquid funds can come across to meet losses. However, they do not guarantee any kind of safety of capital or guarantee in returns.
The delivery of returns, in this case, is quite steady, but quite low and would not be suitable if the investor aims at building their economic strength in the long run.
Essel Mutual Fund Schemes NAV
|Fund||52 Week High (rs.)||52 Week Low (rs.)|
|Essel 3 in 1 Fund – Growth – Direct Plan||12.96||8.56|
|Essel Arbitrage Fund – Growth – Direct Plan||12.25||7.19|
|Essel Equity Hybrid Fund – Growth – Direct Plan||1325.3||1269.32|
|Essel Large Cap Equity Fund – Growth – Direct Plan||1330.73||1241.67|
|Essel Large & Midcap Fund – Growth – Direct Plan||12.08||7.33|
|Essel Liquid Fund – Growth – Direct Plan||14.54||8.4|
|Essel Long Term Advantage Fund – Growth – Direct Plan||1056.08||1021.21|
|Essel Multi Cap Fund – Growth – Direct Plan||11.38||7.35|
|Essel Regular Savings Fund – Growth – Direct Plan||11.69||6.86|
|Essel Ultra Short Term Fund – Growth – Direct Plan||1077.2||1012.71|
NAV of Top Essel Mutual Fund
One of these is Essel 3 in 1 Fund – Growth – Direct Plan.
These multi-asset allocation funds invest the money in a mix of equity shares, bonds, and commodities like gold. This, there would be at least 10 percent allocation at all times for each.
Essel Arbitrage Fund – Growth – Direct Plan is another fund plan available. In this, the investment in equity shares and derivatives, and the returns are obtained through price differential between stock and its futures.
Another plan is Essel Equity Hybrid Fund – Growth – Direct Plan in which the investor can invest for five years or more and exceed gains that can give more profits than the inflation rate and the returns from fixed income options.
Essel Large Cap Equity Fund – Growth – Direct Plan also offers good plans. This also provides a better return than inflation rates and the returns of the fixed income options if there are investments for more than five years, specifically for big companies.
Essel Large & Midcap Fund – Growth – Direct Plan offers the same for big and medium companies.
Besides, Essel Liquid Fund – Growth – Direct Plan offers transfer liquid funds investment in Honda that have maturity up to three months.
The investors can get better returns than what can be received from a bank account.
More Details on Essel Mutual Funds NAV
Essel Long Term Advantage Fund – Growth – Direct Plan offers good plans for investment for a long term gain in which the investor has to invest for more than five years.
It will give the investor gains that can comfortably beat the inflation rate and the fixed income returns. This also provides a tax benefit.
Essel Multi-Cap Fund – Growth – Direct Plan also offers good returns. This offers complete freedom to invest in companies of different sizes. Essel Regular Savings Fund – Growth – Direct Plan is another plan.
Also, Essel Ultra Short Term Fund – Growth – Direct Plan also offers good plans on several options on ultra-short periods.
Essel AMC Customer Care Details
|Address of AMC||Peerless Mansion, 3rd Floor, 1, Chowringhee Square, Kolkata – 700069|
|Telephone Number||033 40185000|
The address for Essel AMC Customer Care is “Peerless Mansion”, 3rd Floor, 1, Chowringhee Square, Kolkata 700069.
For people who have emergency issues that need to be addressed immediately, they can simply give a call on either 033-40185000 or 022-61779922.
The fax number of Essel AMC Customer Care is 033-40185010.
Registered office address is Peerless Mansion, 3rd Floor, 1 Chowringhee Square, Kolkata – 700 069, India.
The address of the Investment and Operations office is 6th Floor, Jet Prime, Suren Road, Nr. Guru Nanak Petrol Pump/Cinemax, Opp. Residency Hotel, Andheri (East), Mumbai – 400093.
Essel – Important links
|Essel Mutual Fund Login||https://onlinemutualfund.esselfinance.com/|
|Essel Mutual Fund App||NA|
Essel Mutual Fund AMC – Conclusion
There are various Essel Mutual Funds that benefit the investors a lot. Some of the best Essel Mutual Funds are 3 in 1 Fund, Regular Savings Fund, Ultra Short Term Fund, Long Term Advantage Fund, Liquid Fund, Largecap Equity Fund, Large and Midcap Fund, Multi-Cap Fund, Equity Hybrid Fund, and Short Term Fund.
There are certain documents that need to be verified before an investor starts investing in Essel Mutual Funds.
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