Equity
Direct
Elss (Tax Savings)
NAV as on 03-09-2024
₹ 71.02
▲0.2%
1D
Inception Returns
15.6%
/yr
Union ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Hardick Bora, Sanjay Bembalkar. The fund could potentially beat inflation in the long-run.
Union ELSS Tax Saver Fund Direct Growth has given a CAGR return of 15.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 36.00%, 18.00% and 24.36% respectively.
Union ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Energy, Communication, Consumer Defensive, Health, Real Estate, Utilities, Government. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Bharti Airtel Ltd, Infosys Ltd
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.
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 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
Expense ratio | 1.26% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹960 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 139.22% |
STCG | Redeeming 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 |
as on (03-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Industrial & Consumer Cyclical
Union ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.08% | 3.08% |
6 Month Returns | 16.37% | 16.37% |
1 Year Returns | 36% | 36% |
3 Years Returns | 64.32% | 18% |
5 Years Returns | 197.4% | 24.36% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union ELSS Tax Saver Fund Direct Growth | 0.31 | 1.1 | 1.94 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union ELSS Tax Saver Fund Direct Growth | 0.86 | 0.86 | 0.92 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union ELSS Tax Saver Fund Direct Growth | 2.49 | 1.03 | 1.02 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union ELSS Tax Saver Fund Direct Growth | 9.99 | 11.68 | 17.6 |