About Essel Long Term Advantage Fund Direct-Growth
Essel Long Term Advantage Fund Direct-Growth is a Tax Saver
mutual fund scheme from Essel Mutual Fund
. This scheme was launched on 30 Dec 2015 and is currently managed by its fund manager Manav Vijay
. It has an AUM of ₹58.30 Crores and the latest NAV decalared is ₹15.708 as on 06 Dec 2019 at 9:20 pm.
Essel Long Term Advantage Fund Direct-Growth scheme return performance in last 1 year is 11.60%, in last 3 years is 41.92% and 56.15% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
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.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.