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Peerless Mutual Fund

Peerless Fund Management Company is one of the most prominent and first investment management company of eastern India - Kolkata. The company was established as a trust on 4th Aug, 2009 with the provisions of the Indian Trusts Act. Peerless Mutual Fund has been renamed as Essel Mutual Fund with effect from November 1, 2017. Subsequently, the names of the Asset Management Company has been changed from 'Peerless Funds Management Co Limited' to 'Essel Finance AMC limited with effect from October 24, 2017. Also, the name of the trustee company has been changed from 'Peerless Trust Management' to 'Essel MF Trustee' with effect from October 30, 2017.

Currently, Essel Finance Wealth Zone Private Limited (EFWZ), a wholly owned subsidiary of Essel Finance Management LLP, has acquired the complete shareholding of Essel Finance AMC Limited(formerly Peerless Funds Management Company Limited [PFMCL]) and Essel MF Trustee Limited (formerly Peerless Trust Management Company Limited).

As per the new ownership, Essel Mutual Fund is registered with the Securities & Exchange Board of India (SEBI) with Essel Finance Wealth Zone Private Limited (EFWZ) as its Sponsor.

Essel Finance AMC Limited is the Investment Manager to Essel Mutual Fund and Essel MF Trustee Limited is the Trustee to Essel Mutual Fund.

Types of Funds

Fixed Income Funds

Fixed income funds invest money in fixed income securities like corporate debentures, government bonds, government securities and other money market securities. The primary reason why they are lucrative to the investors is that they carry low risk and provides a good source of regular & fixed income.

Equity Schemes

An equity scheme is a type of a scheme where the money is invested in the shares of the stock market (BSE & NSE) or corporates. These fund schemes are a primary source of wealth generation and long-term capital appreciation. The often carry a higher risk compared to debt and hybrid funds, but also come with a higher rate of returns. Equity schemes are a suitable option for long term investment.

Money Market Funds

Money market funds are mutual funds which invest only in money markets such as commercial papers, commercial bills, and treasury bills certificate of deposit and other instruments specified by RBI. They also comprise of short term funds with a maturity period of 91 days which is ideal for investing for investors who have surplus money. Money market funds are an excellent alternate option for fixed deposits as they can provide a higher rate of return.

Benefits of Investing in Mutual Funds

They are regulated by SEBI - Securities and Exchange Board of India

  • Flexibility: The best advantage of holding a mutual fund is that it offers high liquidity and it is easier to sell or exit a mutual fund scheme at any given point of time (due to the sheer demand of mutual funds in the market).
  • Lesser Risk: Every mutual fund invests across a series of equities & bonds to spread the risk. This means that if one asset class is not performing well, the other asset class can be rearranged to compensate for the same. This is called diversification.
  • Fund Management: All mutual funds are managed by asset management companies (AMCs) and professional fund managers. These fund managers invest the money on your behalf and ensure that the fund performs well.
  • Tax Saving: You can invest up to INR 1.5 lakhs in tax-saving mutual funds mentioned under 80C tax deductions. These mutual funds are also known as equity linked saving schemes (ELSS).
  • Easily withdraw: You can easily withdraw or redeem from your Essel Mutual Fund without any hassle.
  • Cost Effective: You also have an option to invest via SIP - a systematic investment plan is where an investor can invest some part of his monthly income in mutual funds instead of a lump sum amount.

Mutual Fund Schemes Offered by Essel Mutual Funds

Essel Liquid Fund - Retail Plan - Growth

TypeOpen ended
Fund ManagerKillol P Pandya / Archit Shah
RiskLow
BenchmarkCrisil Liquid
Asset Size (Cr)1139
Return % (1 Yr)7.03
Return % (3 Yrs)7.35
Return % (4 Yrs)8.12
  • Investment Objective: To provide a high level of liquidity with reasonable returns commensurate with low risk through a portfolio of money market and debt securities.

  • Ideal for: Investors who are seeking income over short term.

Essel Ultra Short Term Fund - Retail Plan - Growth

TypeOpen ended
Fund ManagerKillol P Pandya
RiskModerately Low
BenchmarkCRISIL Short-Term Bond
Asset Size (Cr)36
Return % (1 Yr)4.39
Return % (3 Yrs)6.25
Return % (4 Yrs)7.28
  • Investment Objective: To provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity.

  • Ideal for: Investors who are seeking income over short term.

Essel Regular Savings Fund

TypeOpen Ended
Fund ManagerViral Berawala / Killol Pandya
RiskModerately High
BenchmarkCRISIL MIP Blended Fund
Asset Size (Cr)63.19
Return % (1 Yr)3.2
Return % (3 Yrs)6.2
Return % (4 Yrs)8.4
  • Investment Objective: To generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity and equity related instruments.

  • Ideal for: Investors seeking income over medium to long term.

Essel Short Term Fund - Growth

TypeOpen Ended
Fund ManagerKillol Pandya
RiskModerately Low
BenchmarkCRISIL Short Term Bond Fund
Asset Size (Cr)54.5
Return % (1 Yr)4.4
Return % (3 Yrs)6.3
Return % (4 Yrs)7.3
  • Investment Objective: The Scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities.

  • Ideal for: Investors seeking income over short to medium term.

Essel 3 in 1 Fund-Growth

TypeOpen Ended
Fund ManagerViral Berawala / Killol Pandya
RiskModerately High
BenchmarkCRISIL MIP Blended Fund
Asset Size (Cr)54.5
Return % (1 Yr)4.3
Return % (3 Yrs)6.1
Return % (4 Yrs)7.5
  • Investment Objective: The investment objective of the scheme is to generate long term capital appreciation through a portfolio of fixed income securities, Gold Exchange traded funds (ETFs) of other mutual funds and gold related instruments and equity & equity related Instruments.

  • Ideal for: Investors seeking capital appreciation over a long term.

Essel Large Cap Equity Fund - Growth

TypeOpen Ended
Fund ManagerViral Berawala
RiskModerately High
BenchmarkNIFTY 50
Asset Size (Cr)208.52
Return % (1 Yr)7.9
Return % (3 Yrs)10.5
Return % (4 Yrs)16.3
  • Investment Objective: The primary investment objective of the scheme is to generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of Equity & equity related securities diversified over various sectors.

  • Ideal for: Investors seeking capital appreciation over a long term.

Essel Equity Hybrid Fund

TypeOpen Ended
Fund ManagerViral Berawala / Killol P Pandya
RiskModerately High
BenchmarkCRISIL Hybrid 35+65 Aggressive
Asset Size (Cr)270
Return % (1 Yr)NA
Return % (3 Yrs)NA
Return % (4 Yrs)NA
  • Investment Objective: The investment objective of the scheme is to provide periodic returns and capital appreciation over a long period of time, investing predominantly in equity and equity related instruments.

  • Ideal for: Investors seeking capital appreciation over a long term.

Essel Long Term Advantage Fund

TypeOpen Ended
Fund ManagerViral Berawala
RiskModerately High
BenchmarkS & P BSE 100
Asset Size (Cr)33.16
Return % (1 Yr)8.8%
Return % (3 Yrs)NA
Return % (4 Yrs)NA
  • 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 80C of the Income Tax Act, 1961) on their investments.

  • Ideal for: Investors seeking capital appreciation over a long term with the benefit of income tax deduction.

Essel Large & Midcap Fund

TypeOpen Ended
Fund ManagerViral Berawala
RiskModerately High
BenchmarkNIFTY MIDCAP 100
Asset Size (Cr)78.01
Return % (1 Yr)8.1%
Return % (3 Yrs)NA
Return % (4 Yrs)NA
  • Investment Objective: The investment objective of the scheme is to generate medium to long-term capital appreciation by investing predominantly in equity and equity related securities of mid cap companies.

  • Ideal for: Investors seeking capital appreciation over medium to long term.

Essel Multi Cap Fund

TypeOpen Ended
Fund ManagerViral Berawala
RiskModerately High
BenchmarkNIFTY 500 TRI
Asset Size (Cr)85
Return % (1 Yr)NA
Return % (3 Yrs)NA
Return % (4 Yrs)NA
  • Investment Objective: The investment objective of the scheme is to generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of large cap, mid cap and small cap companies as defined by SEBI from time to time.

  • Ideal for: Investors seeking capital appreciation over the long term.

Essel Flexible Income Fund

TypeOpen Ended
Fund ManagerKillol Pandya
RiskModerate
BenchmarkCRISIL Liquid Fund
Asset Size (Cr)0.29
Return % (1 Yr)0.3
Return % (3 Yrs)5.8
Return % (4 Yrs)5.7
  • Investment Objective: To generate reasonable returns commensurate with the risk taken by active duration management of the portfolio. The Scheme would be investing in debt instruments including bonds, debentures and government securities and money market instruments over various maturity periods.

  • Ideal for: Investors seeking income over medium to long term.

Fund Managers

Mr. Killol P. Pandya

Currently, he is working as Head of Fixed Income with Essel Mutual Funds. He has over 17 years of experience in the financial industry.

Funds Managed by Mr. Killol P Pandya:

  1. Essel Income Plus Fund (Debt Portion)
  2. Essel Ultra Short Term Fund
  3. Essel Short Term Fund
  4. Essel 3 in 1 Fund (Debt Portion)
  5. Essel Flexible Income Fund

Mr. Viral Berawala

With over 18 years of experience in the financial services and information technology sectors, Viral Berawala is the Chief Investment Officer at Essel Finance AMC Limited.

Mr. Archit Shah

Mr. Archit Shah is a Fund Manager - Fixed Income of Essel Mutual Fund and also the Key Personnel of Essel Finance AMC Limited.

FAQs on Peerless Mutual Fund

Why Invest In Essel Mutual Funds?

When you invest in Essel Mutual Funds, you gain numerous benefits such as easy investing and redemption, systematic investment planning options, tax benefits, high liquidity and completely transparency. Also, the fund house offers a large number of mutual funds to choose from.

Can multiple SIPs be registered in the same scheme of TATA MF?

Yes, you can register for multiple SIPs in the same scheme same plan in the same month, however on different dates. Moreover, you need to submit separate ECS/Auto Debit Mandate forms to register for multiple SIPs in the same scheme same plan.

What is the minimum investment required in SIP?

You can start with as little as INR. 500 as a minimum investment for an SIP.

How much of my returns will be given to my nominees?

An investor has an option to register up to three nominee in a folio and specify the percentage of the amounts that will go to each nominee. If the percentage is not specified, each nominee will be eligible for an equal share.

Is it necessary for me to add nominees to my portfolio?

You can appoint a nominee for your mutual fund scheme. A nominee can be a family member, a friend or any other person you trust. When a nomination is registered, it facilitates easy transfer of funds to the nominee(s) in the event of demise of the investor.

How do I buy Essel Fund Mutual Fund plan online?

Essel Mutual Fund Transact Online Platform is the official online transaction platform of Essel Mutual Fund. This can be availed by accessing the link onlinemutualfund.esselfinance.com. Through this portal, you can Purchase, Redeem or Switch units of Essel Mutual Fund from the comforts of your home or office.

How do I contact Essel Fund Mutual Fund Company?

You can contact Essel Mutual Fund Company at 6th Floor, Jet Prime Building, Suren Road, Gundavali, Andheri East, Mumbai, Maharashtra - 400073 or 022 7133 5000.

How do I login Essel Fund Mutual Fund Company website?

Once you have registered an account with Essel Mutual Fund Transact Online at onlinemutualfund.esselfinance.com, it will automatically generate a login id and password for you based on an OTP sent to your registered mobile number.

What is Essel Fund Mutual Fund Company's Contact Number?

You can contact Essel Mutual Fund Company at 022 7133 5000.

Which Peerless Fund mutual fund scheme should I invest?

Depending on your appetite for risk and money, you can choose between equity, debt and hybrid funds offered by Essel Mutual Fund.

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