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 Saravana Kumar
. It has an AUM of ₹60.66 Crores and the latest NAV decalared is ₹16.214 as on 24 Feb 2020 at 10:35 pm.
Essel Long Term Advantage Fund Direct - Growth scheme return performance in last 1 year is 14.61%, in last 3 years is 32.77% and 61.19% 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.