Equity Savings Scheme – In Detail Version
Equity Savings Mutual Funds invests the total fund between debt funds, arbitrage, and equity funds. However, this is the new scheme introduced as a financial instrument to the Indian money market. With this fund, approximately 30-35% of total investment corpus is invested in ‘equity assets’ while the rest are invested into arbitrages, and debt income funds.
Who Should Invest in Equity Savings Mutual Funds?
Equity Savings Scheme or ESS are one of the best investment options for the individuals who are looking for equity exposures but lacking the time-frame for long-term investment. Although, these are low-risk funds that are designed to bear returns unlike other ‘equity assets.
Top 5 Equity Savings Scheme as per Gulaq
Here:
- Axis Equity Saver Fund: It is a hybrid mutual fund scheme that was launched by Axis mutual fund. Later on, it was introduced on 14th Aug 2015 to its investors. Currently, the fund is managed by Anupam Tiwari, and R Sivakumar. Talking about AUM, it is of INR 820 Cr, and, the latest NAV is of INR 14.11 (dated as of 2nd March 2020). The fund growth rate is moderately high risk. Also, the minimum SIP investment is INR 1000, and, lumpsum investment is INR 5000.
- Edelweiss Equity Savings Fund: It is a hybrid mutual fund scheme that was launched by Edelweiss mutual fund. Later on, it was introduced on 13th Oct 2014 to its investors. Currently, the fund is managed by Hiten Shah, Bharat Lahoti, and Dhawal Dalal. Talking about AUM, it is of INR 116 Cr, and, the latest NAV is of INR 15.02 (dated as of 2nd March 2020). The fud growth is rated moderately high risk. Also, the minimum SIP investment is INR 1000, and, lumpsum investment is INR 5000.
- Kotak Equity Savings Fund: It is a hybrid fund hat was launched by Kotak Mahindra mutual fund. Later on, it was introduced on 13th Oct 2014 to its investors. Currently, the fund is managed by Deepak Gupta, and Abhishek Bisen. Talking about AUM, it is of INR 1804 Cr, and, the latest NAV is of INR 15.28 (dated as of 2nd March 2020). The fund growth is rated moderately high risk. Also, the minimum SIP is INR 1000, and, lumpsum investment is INR 5000.
- ICICI Prudential Equity Savings Fund: It is a hybrid mutual fund scheme that was launched by ICICI Prudential mutual fund. Later on, it was introduced on 5th Dec 2014 to its investors. Currently, the fund is managed by Kayzad Englim, Manish Banthia, S Naren, Chintan A Haria, and Prakash Gaurav Goel. Talking about AUM, it is of INR 1553 Cr, and, the latest NAV is of INR 15.08 (dated as of 2nd March 2020). The fund growth is rated moderately high risk. Also, the minimum SIP investment is INR 100, and, lumpsum investment is INR 5000.
- PGIM India Equity Savings Fund: It is a hybrid mutual fund scheme that was launched by DHFL Pramerica mutual fund. Later on, it was introduced on 2nd June 2013 to its investors. Talking about AUM, it is of INR 36 Cr, and, the latest NAV is of INR 35.15 (dated as of 2nd March 2020). The fund growth is rated moderately high risk. Also, the minimum SIP investment is INR 500, and, lumpsum investment is INR 5000.
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*Disclaimer: investment in securities market are subject to market risks, read all the related documents carefully before investing