Union ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 07-03-2025
₹ 61.58
1D
Inception Returns
13.5%
/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 ₹863 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
- The fund has an expense ratio 1.4.
Returns
Union ELSS Tax Saver Fund Direct Growth has given a CAGR return of 13.53% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 0.07%, 16.00% and 19.29% respectively.
Holdings
Union ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Health, Basic Materials, Energy, Communication, Consumer Defensive, Utilities, Government. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Bharti Airtel Ltd, Larsen & Toubro 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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
Absolute
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92 people have invested ₹ 1.6L 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 | 1.43% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹863 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 (07-Mar-25)
Fund Distribution
as on (31-Jan-25)
Large cap
60.4%
Mid cap
18.9%
Small cap
17.9%
Sector Allocation
Financial Services
26.4%
Industrial
16.4%
Consumer Cyclical
15.4%
Tech
12.7%
Health
10.1%
Basic Materials
5.9%
Energy
4.4%
Communication
4%
Consumer Defensive
2.5%
Utilities
2.1%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 923 Cr as of Jan'25
- AUM decreased by 12.4 Cr between Jan'25 and Dec'24
Top Stocks bought last month
Sun Pharmaceuticals Industries Ltd's allocation increased from 0.6% to 1.72%
KEC International Ltd's allocation increased from 0% to 1.08%
InterGlobe Aviation Ltd's allocation increased from 0.91% to 1.73%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 7.56 % to 7.15 %
ICICI Bank Ltd's allocation decreased from 6.36 % to 6.22 %
Infosys Ltd's allocation decreased from 4.28 % to 4.28 %
Small Cap allocation has gone up from 17.3% to 17.9%
Mid Cap allocation has gone down from 20.9% to 18.9%
Large Cap allocation has gone up from 59.8% to 60.4%
Cash allocation has gone up from 2% to 2.7%
Debt allocation has gone up from 0% to 0%
Top 3 Sectors in January were Financial Services, Consumer Cyclical & Tech
Jan'25
Financial Services
26%
Industrial
16%
Consumer Cyclical
15%
Dec'24
Financial Services
26%
Consumer Cyclical
15%
Tech
14%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.15% | -7.7% | |
 ICICI Bank Ltd | 6.22% | -6.3% | |
 Infosys Ltd | 4.28% | 0% | |
 Bharti Airtel Ltd | 3% | 0% | |
 Larsen & Toubro Ltd | 2.8% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Shriram Finance Ltd | 12.5% |
 Jindal Steel & Power Ltd | 8.1% |
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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
₹24.63K Cr
as on 31-Jan-2025
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, SBI Long Term Equity Fund Direct Growth has given 26.46% return, outperforming this fund by 10.46% per annum.
Over the last 6 months, this fund has experienced a 10.1% drop in AUM moving from 960.42 Cr to 863.07 Cr.
In the last 1 year, LIC MF ELSS Tax Saver -Direct Plan Growth Option has given 12.23% return, outperforming this fund by 12.16%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 31.36% return, outperforming this fund by 12.07% 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 13.53% since inception which is less than its category average return of 14.13%
Fund Allocations
This fund has an allocation of 97.22% in Equity, 0.03% in Debt and 2.75% in Cash related instruments
AUM size ₹863 Cr
This fund has AUM of ₹863 Cr which is less than its category average of ₹ 4770 Cr
Expense Ratio 1.43%
This fund has an expense ratio of 1.43% which is more than its category average expense ratio of 1.37%
Frequently Asked Questions for Union ELSS Tax Saver Fund Direct Growth
The current NAV of Union ELSS Tax Saver Fund Direct Growth is ₹61.58 as on 07-Mar-2025.
Existing (Absolute + CAGR) as on 07-Mar-2025.
Union ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.16% | -5.16% |
6 Month Returns | -12.33% | -12.33% |
1 Year Returns | 0.07% | 0.07% |
3 Years Returns | 56.1% | 16% |
5 Years Returns | 141.58% | 19.29% |
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1.43% as on February 2025
₹863 Cr as on February 2025
HDFC Bank Ltd(7.15%), ICICI Bank Ltd(6.22%), Infosys Ltd(4.28%), Bharti Airtel Ltd(3%), Larsen & Toubro Ltd(2.8%) as on February 2025
Financial Services(25.66%), Industrial(15.96%), Consumer Cyclical(14.95%) as on February 2025
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 | -0.28 | 0.64 | 0.97 |
As on February 2025
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 | 0.96 | 0.88 | 0.93 |
As on February 2025
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 | -0.42 | 0.5 | 0.72 |
As on February 2025
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 | 14.84 | 13.21 | 18.39 |
As on February 2025
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 0.77 as on February 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.01 as on February 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
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%