Escorts Asset Management Ltd. is a leading Asset Management Company (AMC) in India and it offers a complete range of schemes suited to the investor’s needs. Escorts AMC achieves this by being a preferred solution provider to their customers through superior returns to their investors by practicing respectful and ethical business practices and by being a preferred employer.
ELSS stands for Equity Linked Savings Scheme. In these types of schemes the investor will get the tax benefit under Section 80C and the investor’s money in these types of schemes is invested mainly in direct equity and equity-linked Instruments which tend to give better returns in comparison to other conventional savings schemes under 80C like PPF. Lock-in period of ELSS is only 3 years which is comparatively less than other leading tax benefit schemes. Investors can gain better returns on his/her investments under such type of scheme and also get the tax benefit as an added bonus. Investors can enter in these schemes anytime in the year as most of these are open-end funds.
In debt funds, the fund is invested in a mix of debt or the fixed income securities like money market instruments, Government Bonds and Corporate Bonds. Generally Debt Funds have fixed maturity dates and offers a fixed rate of interest. They outperform bank fixed deposits and at the same time are less risky investment options as compared to equity mutual funds.
Liquid funds are a special class of fund/schemes available to an investor. An investor can invest in these schemes for very short periods such a week without worrying about exit load. In case of such schemes, the liquidation can be done almost instantaneously as and when necessary. These schemes feature as low level of risk and are suitable for corporate and individuals looking to park surplus funds for very short periods without leaving it idle. Through use of liquid funds, this surplus money can be invested in schemes which will give some returns.
Benefits of Investing in Mutual Funds
- Mutual Funds are considered an ideal investment option as they are regulated by SEBI which helps prevent fraudulent activities by the AMCs or other industry players.
- Dividends earned are tax free if these investments are held for more than a year.
- Mutual funds schemes include those that can be liquidated within 3 days and some funds aptly termed liquid funds can even be liquidated overnight.
- Investing and redeeming Escorts Mutual Fund is a very easy and hassle free task.
- Portfolio maintained by the Escorts Mutual Funds is based on the averaged risk and return principle so that the investor can expect a good rate of return without taking unnecessary risk.
- Investor can also choose the option of Systematic Investment Planning by which he/she can save some part of his monthly income by investing in mutual funds. In the long term, these small investments can provide significant returns to the investor.
- Escorts Mutual Funds believes in complete transparency and publishes its funds report in a timely manner so that investors can make informed investment decisions.
Mutual Funds Schemes offered by Escorts Mutual Funds
|Fund Name||Fund Highlights|
|Escorts Growth Fund – Growth||Open-Ended Equity Scheme, Long Term Capital Appreciation, Invests in Equity & Related Instruments in Diversified Portfolio, Growth Potential|
|Escorts High Yield Equity Plan – Growth||Open-Ended Equity Scheme, Long Term Capital Appreciation, Generates Income, Invests in Equity & Related Instruments with High Dividend Yield|
|Escorts Leading Sector Fund – Growth||Open-Ended Equity Scheme, Long Term Capital Appreciation, Income Distribution, , Invests in Equity & Related Instruments having higher rate growth, leading sector companies|
|Escorts Power & Energy Fund – Growth||Open-Ended Equity Scheme, Medium to Long Term Capital Gains, Capital Distribution, Invests in Equity & Related Instruments of Power & Energy related companies|
|Escorts Infrastructure Fund – Growth||Open-Ended Equity Scheme, Medium to Long Term Capital Gains, Income Distribution, Invests in Equity & Related Instruments in Infrastructure related companies|
|Escorts Income Plan – Growth||Open-Ended Equity Scheme, Generates current income by Capital Appreciation, Invests in Fixed Income/Debt & Money Market Securities|
|Escorts Income Bond – Growth||Open-Ended Equity Scheme, Invests in debt & Money Market Securities in well diversified portfolio, Generates Income|
|Escorts Balanced Fund – Growth||Open-Ended Equity Scheme, Long Term Capital Appreciation, Invests in Equity & Related Instruments, Debt & Money Market Securities, Cash & Cash Equivalent Securities|
|Escorts Opportunities Fund – Growth||Open-Ended Equity Scheme, Long Term Capital Appreciation, Generates Income, Invests in Equity & Related Instruments, Debt & Money Market Securities, Cash & Cash Equivalent Securities|
|Escorts Liquid Fund – Growth||Open-Ended Equity Fund, Generates Income, Provides Liquidity, Invests in Money Market Instruments|
|Escorts Short Term Debt Fund – Growth||Open-Ended Equity Scheme, Generates Regular Income, Invests in Different types of Debt Securities like floating rate debt security, Money Market and Fixed Rate Debt Securities with floating rates|
|Escorts GILT Plan – Growth||Open-Ended Equity Scheme, Long Term Capital Appreciation, Generates Income, Invests in Different types of State & Central Government Securities|
|Escorts TAX Plan – Growth||Open Ended Equity Linked Savings Scheme, ELSS, Generates Long Term Capital Appreciation, Invests in Equity & Relates Securities, Tax Deduction under Section 80 C|
Mr. Sanjay Arora
Mr Sanjay Arora is a CWA currently working as the Chief Investment Officer with Escorts Mutual Funds. He has long-term experience in the financial domain as portfolio manager and after Investment Services.
Funds Managed by Mr. Sanjay Arora
- Escorts Growth Plan (Equity Portion)
- Escorts High Yield Equity Fund (Equity Portion)
- Escorts Leading Sectors Fund (Equity Portion)
- Escorts Power & Energy Fund (Equity Portion)
- Escorts Infrastructure Fund (Equity Portion)
- Escorts Income Plan (Equity Portion)
- Escorts Income Bond (Equity Portion)
- Escorts Balanced Fund (Equity Portion)
- Escorts Opportunities Fund
- Escorts Short Term Debt Fund (Equity Portion)
- Escorts Tax Plan (Equity Portion)
Mr. Anuj Jain
Mr. Anuj Jain has Bachelors Degree in Commerce (Hons.) from Hansraj College and MBA from Amity Busines School. He is has total 4 years of experience and is currently managing aspects of fixed income domain business of Escorts AMC. He is also engaged in managing the Primary and Secondary Market Corporate Bond Issues for the company.
Fund Managed by Mr. Anuj Jain
- Escorts Growth Plan (Debt Portion)
- Escorts High Yield Equity Fund (Debt Portion)
- Escorts Leading Sectors Fund (Debt Portion)
- Escorts Power & Energy Fund (Debt Portion)
- Escorts Infrastructure Fund (Debt Portion)
- Escorts Income Plan (Debt Portion)
- Escorts Income Bond (Debt Portion)
- Escorts Balanced Fund (Debt Portion)
- Escorts Opportunities Fund (Debt Portion)
- Escorts Liquid Fund
- Escorts GILT Plan
- Escorts Tax Plan (Debt Portion)
How to Complete Your Mutual Fund eKYC
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.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Companies)
- 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 eKYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of a fund house 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!
How to Invest in Mutual Funds via Paisabazaar.com?
Step 1: Go to Paisabazaar.com
Step 2: Select the ‘Mutual Fund’ option.
Step 3: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 4: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 5: Select the Escorts Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 6: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 7: 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.
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.