Union ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 03-09-2024
₹ 71.02
▲0.2%
1D
Inception Returns
15.6%
/yr
About the Fund
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.
Key Parameters
- Union ELSS Tax Saver Fund Direct Growth has ₹960 Cr worth of assets under management (AUM) as on Jul 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 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.
Holdings
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
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
▲
▼
120 people have invested ₹ 3.5L in Union ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank
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.
Fund Overview
| 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 |
Trailing Returns
as on (03-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
55.4%
Small cap
20.9%
Mid cap
19.9%
Sector Allocation
Financial Services
23.2%
Industrial
17.2%
Consumer Cyclical
15.3%
Tech
11.7%
Basic Materials
7.1%
Energy
5.5%
Communication
5.4%
Consumer Defensive
4.8%
Health
4.8%
Real Estate
3.3%
Utilities
1.6%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 3.49% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund underperformed Nifty 500 by 0.05% in Jul'24
- AUM of the fund stands at 933.3 Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top Stocks bought last month
Infosys Ltd's allocation increased from 3% to 3.47%
V-Mart Retail Ltd's allocation increased from 1.28% to 1.71%
Avenue Supermarts Ltd's allocation increased from 1.1% to 1.51%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 7.15 % to 6.67 %
ICICI Bank Ltd's allocation decreased from 5.88 % to 5.79 %
Reliance Industries Ltd's allocation decreased from 4.51 % to 4.22 %
Cash allocation has gone down from 5.7% to 3.7%
Debt allocation has gone down from 0% to 0%
Top 3 Sectors in July were Financial Services, Industrial & Consumer Cyclical
Jul'24
Financial Services
23%
Industrial
17%
Consumer Cyclical
15%
Jun'24
Financial Services
26%
Industrial
18%
Consumer Cyclical
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.67% | 0% | |
 ICICI Bank Ltd | 5.79% | 0% | |
 Reliance Industries Ltd | 4.22% | 0% | |
 Bharti Airtel Ltd | 3.65% | 0% | |
 Infosys Ltd | 3.47% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Oil India Ltd | 26.2% |
Doms Industries Ltd | 15.9% |
 Bharti Airtel Ltd | 7.2% |
Loading...
We are taking more time than usual
Hardick Bora
Fund Manager of Union ELSS Tax Saver Fund Direct Growth, since 25 January 2023
Top funds managed
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
₹15.42K Cr
as on 31-Jul-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 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 39.03% return, outperforming this fund by 14.67% per annum.
Over the last 1 month, this fund has experienced a 2.9% growth in AUM moving from 933.32 Cr to 960.42 Cr.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 27.99% return, outperforming this fund by 9.99% per annum.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.26% which is lower than the category average expense ratio of 1.27%.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 64.12% return, outperforming this fund by 28.12%.
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 15.56% since inception which is less than its category average return of 16.92%
Fund Allocations
This fund has an allocation of 96.27% in Equity, 0.05% in Debt and 3.68% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 4093 Cr
Expense Ratio 1.26%
This fund has an expense ratio of 1.26% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions
The current NAV of Union ELSS Tax Saver Fund Direct Growth is ₹71.02 as on 03-Sep-2024.
Existing (Absolute + CAGR) as on 03-Sep-2024.
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% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
1.26% as on August 2024
₹960 Cr as on August 2024
HDFC Bank Ltd(6.67%), ICICI Bank Ltd(5.79%), Reliance Industries Ltd(4.22%), Bharti Airtel Ltd(3.65%), Infosys Ltd(3.47%) as on August 2024
Financial Services(22.36%), Industrial(16.58%), Consumer Cyclical(14.75%) as on August 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 | 0.31 | 1.1 | 1.94 |
As on August 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 | 0.86 | 0.86 | 0.92 |
As on August 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 | 2.49 | 1.03 | 1.02 |
As on August 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 | 9.99 | 11.68 | 17.6 |
As on August 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 1.94 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Hardick Bora, Sanjay Bembalkar are the fund managers of Union ELSS Tax Saver Fund Direct Growth
The Exit load of Union ELSS Tax Saver Fund Direct Growth is 0%