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Essel Long Term Advantage Fund

Investment 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 Rs.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.

Asset Allocation Pattern

Instruments Indicative Allocation Risk Profile
(Low / Medium / High)
Minimum Maximum
Equity and Equity Related Instruments 80% 100% High
Debt and Money Market Instruments

0% 20% Low to Medium

Key Benefits of Investing

Tax Benefit
- Investors can invest up to Rs 1,50,000 in an ELSS and deduct the investment from their taxable income i.e. effectively reducing their tax liability.
- Any income in the form of dividends received and long term capital gain (holding period > 1 year)are tax free in the hands of the investor.

Wealth Creation
- The 3 year statutory lock - in period is blessing in disguise.
- It ensures that short term market volatility is ignored and focus is only on creating wealth in the long term.

- 3 year ‘lock-in’ is much lower than the other tax savings instruments where minimum lock-in ranges from 5 to 15 years.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.


KIM for Essel Long Term Advantage Fund

SID - Essel Long Term Advantage Fund - Launch


Fact Sheets