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Overview: Essel Asset Management Company
Essel Finance Wealth Zone manages the mutual fund schemes of Essel Mutual Fund. It is a part of renowned business house namely Essel Group. It has delivered impressive returns since its inception.
Madangopal Jalan, CEO of Essel Finance Wealth Zone, follows the buy and hold investment strategy, wherein the target is to achieve long term wealth. He believes in investing in businesses that have proficient management team and keep up with minority stakeholders’ interests.
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Mutual Funds Offered by Essel Finance Asset Management Company
The AMC (Asset Management Company) uses a comprehensive strategy while making investment decisions and formulating a portfolio. It optimally allocates resources amongst various asset classes to mitigate risks, based on thorough research of macro-economic, technical and market trends.
Essel Equity Mutual Funds
Equity Mutual Funds primarily invest in equity and equity related instruments of large-cap, mid-cap and small-cap companies. Since returns from equities are linked to market fluctuations, these financial instruments carry high risk. These funds are perfect for investors looking for long term capital appreciation. Here is a list of Equity Mutual Funds offered by Essel AMC:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| Essel Multicap Fund | – | – | 10.93 | 206.39 |
| Essel Large Cap Equity Fund | 9.31 | 11.37 | 25.33 | 114.64 |
| Essel Large & Midcap Fund | 9.59 | – | 16.33 | 108.52 |
| Essel Long Term Advantage Fund | 9.23 | – | 15.28 | 60.14 |
Essel Debt Mutual Funds
Debt Mutual Funds predominantly invest in debt securities that generate fixed income. Investors looking to park their money for short term and earn substantial returns on investment, can consider investing in these funds. Here is a list of Essel Debt Mutual Funds:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| Essel Liquid Fund | 7.08 | 7.58 | 2130.8 | 124.99 |
| Essel Ultra Short Term Fund | 6.61 | 7.2 | 2068.67 | 34.27 |
Essel Hybrid Mutual Funds
Hybrid Mutual Funds invest in both equities and debt securities. Since risk from equity investment is balanced by significant exposure to debt instruments, these funds are relatively less risky as compared to Equity Mutual Funds. Here is a list of Hybrid Funds offered by Essel AMC:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| Essel Equity Hybrid Fund | – | – | 10.9 | 294.51 |
| Essel Regular Savings Fund | 6.91 | 8.63 | 21.59 | 40.99 |
| Essel 3 in 1 Fund | 3.4 | 5.57 | 17.58 | 20.56 |
| Essel Arbitrage Fund | – | – | 10.55 | 3.6 |
How to Invest in Essel Finance Mutual Funds via Paisabazaar.com?
Step 1: On Paisabazaar.com, select the ‘Mutual Fund’ option.
Step 2: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 3: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 4: Select the Essel Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 5: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 6: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days. If you’re not KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.
How to Complete Your KYC Check for Essel Finance Mutual Fund
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
If you’re a first time customer, you need to get your KYC Check before investing in Mutual Funds.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Company)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund KYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of Essel Finance Mutual Fund or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Passport
- Recent Utility Bill
- Rental/Lease Agreement
Fund Managers of Essel Finance Asset Management Company
- Saravana Kumar
An investment management professional, Saravana Kumar is the Chief Investment Officer of Essel Finance AMC. With more than 29 years of professional experience of the financial markets, he takes care of the investment and asset management component of the fund house.
- Suraj Makhija
Vice President of the Fund Management vertical of Essel Finance AMC, Suraj Makhija has shown investment excellence during his tenure. Being a Chartered Financial Analyst and a qualified CA, he has taken the AMC’s funds’ performance to great heights and has delivered substantial returns.
- Archit Shah
Archit Shah is a senior fund manager for fixed income investments of Essel Asset Management Company. He is a Chartered Financial Analyst and brings in 10 years of industrial experience of the fixed income markets.
- Manav Vijay
Manav Vijay is a senior fund manager and senior research analyst at Essel AMC and takes investment decisions related to equity component of different mutual funds. He is an investment professional with 10 years of industrial experience.
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.