Union ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 23-12-2024
₹ 68.79
1D
Inception Returns
14.8%
/yr
About Union ELSS Tax Saver Fund Direct Growth
Union ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Sanjay Bembalkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union ELSS Tax Saver Fund Direct Growth has ₹935 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.3.
Returns
Union ELSS Tax Saver Fund Direct Growth has given a CAGR return of 14.82% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.86%, 17.34% and 20.65% respectively.
Holdings
Union ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Health, Basic Materials, Communication, Consumer Defensive, Energy, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Bharti Airtel Ltd, Reliance Industries Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Union ELSS Tax Saver Fund Direct Growth
To generate income and long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities. However, there can be no assurance that the investment objective of the scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Union ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
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85 people have invested ₹ 2L in Union ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for Union ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Union ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 1.33% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹935 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 139.22% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
59.8%
Mid cap
20.9%
Small cap
17.3%
Sector Allocation
Financial Services
26.3%
Consumer Cyclical
15.5%
Tech
14.5%
Industrial
14.2%
Health
8.6%
Basic Materials
6.6%
Communication
4.7%
Consumer Defensive
3.7%
Energy
3.2%
Utilities
1.8%
Real Estate
0.9%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.60% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.19% in Nov'24
- AUM of the fund stands at 930.8 Cr as of Nov'24
- AUM decreased by 56.1 Cr between Nov'24 and Oct'24
Top Stocks bought last month
State Bank of India's allocation increased from 2.18% to 2.45%
Max Financial Services Ltd's allocation increased from 0.65% to 0.9%
HDFC Bank Ltd's allocation increased from 7.35% to 7.56%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 2.88 % to 2.46 %
Axis Bank Ltd's allocation decreased from 2.49 % to 2.43 %
ITC Ltd's allocation decreased from 2.1 % to 2.04 %
Mid Cap allocation has gone up from 20.8% to 20.9%
Large Cap allocation has gone up from 59.7% to 59.8%
Small Cap allocation has gone down from 17.6% to 17.3%
Cash allocation has gone up from 1.9% to 2%
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Industrial
Nov'24
Financial Services
26%
Consumer Cyclical
15%
Tech
14%
Oct'24
Financial Services
26%
Consumer Cyclical
15%
Industrial
14%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.56% | 0% | |
 ICICI Bank Ltd | 6.36% | 0% | |
 Infosys Ltd | 4.28% | 0% | |
 Bharti Airtel Ltd | 2.77% | 0% | |
 Reliance Industries Ltd | 2.46% | -11.4% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Zomato Ltd | 8.1% |
 Infosys Ltd | 6.1% |
 HDFC Bank Ltd | 3% |
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Sanjay Bembalkar
Fund Manager of Union ELSS Tax Saver Fund Direct Growth, since 7 June 2021
Top funds managed
Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹23.28K Cr
as on 29-Nov-2024
Address
Union Asset Management Co. Pvt. Ltd.,Unit 802, 8th Floor, Tower ‘A’,,Peninsula Business Park, Ganpatrao Kadam Marg,,Lower Parel (West)
Phone
+9102267483333
Website
investorcare@unionmf.com
Mutual Fund Insights
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.66% return, outperforming this fund by 13.32% per annum.
Over the last 3 months, this fund has experienced a 3.5% drop in AUM moving from 969.01 Cr to 935.47 Cr.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 53% return, outperforming this fund by 32.14%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.24% return, outperforming this fund by 11.59% per annum.
Union ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 14.82% since inception which is less than its category average return of 15.66%
Fund Allocations
This fund has an allocation of 97.99% in Equity, 0% in Debt and 2.01% in Cash related instruments
AUM size ₹935 Cr
This fund has AUM of ₹935 Cr which is less than its category average of ₹ 3948 Cr
Expense Ratio 1.33%
This fund has an expense ratio of 1.33% which is less than its category average expense ratio of 1.45%
Frequently Asked Questions for Union ELSS Tax Saver Fund Direct Growth
The current NAV of Union ELSS Tax Saver Fund Direct Growth is ₹68.79 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
Union ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.68% | 2.68% |
6 Month Returns | 4.33% | 4.33% |
1 Year Returns | 20.86% | 20.86% |
3 Years Returns | 61.56% | 17.34% |
5 Years Returns | 155.68% | 20.65% |
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1.33% as on November 2024
₹935 Cr as on November 2024
HDFC Bank Ltd(7.56%), ICICI Bank Ltd(6.36%), Infosys Ltd(4.28%), Bharti Airtel Ltd(2.77%), Reliance Industries Ltd(2.46%) as on November 2024
Financial Services(25.76%), Consumer Cyclical(15.18%), Tech(14.2%) as on November 2024
The alpha ratio for the Union ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union ELSS Tax Saver Fund Direct Growth | 1.79 | 1.29 | 2.28 |
As on November 2024
The alpha for Union ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Union ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union ELSS Tax Saver Fund Direct Growth | 0.8 | 0.86 | 0.91 |
As on November 2024
The Beta for Union ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Union ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union ELSS Tax Saver Fund Direct Growth | 1.53 | 0.86 | 0.88 |
As on November 2024
The sharpe ratio for Union ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Union ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union ELSS Tax Saver Fund Direct Growth | 10.62 | 12.04 | 17.78 |
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.54 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sanjay Bembalkar is the fund manager of Union ELSS Tax Saver Fund Direct Growth
The Exit load of Union ELSS Tax Saver Fund Direct Growth is 0%