Equity
Direct
Elss (Tax Savings)
NAV as on 06-09-2024
₹ 237.42
1D
Inception Returns
15.9%
/yr
UTI ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Vishal Chopda. The fund could potentially beat inflation in the long-run.
UTI ELSS Tax Saver Fund Direct Growth has given a CAGR return of 15.94% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.21%, 15.26% and 22.45% respectively.
UTI ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Consumer Defensive, Industrial, Health, Basic Materials, Communication, Utilities, Energy, Real Estate, Government. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Infosys Ltd, Bharti Airtel Ltd, Axis Bank 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.
The primary objective of the scheme is to invest predominantly in equity and equity related securities of companies across the market capitalization spectrum. securities shall also include fully/partly convertible debentures/bonds.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for UTI ELSS Tax Saver Fund Direct Growth of 3 Years
Expense ratio | 0.89% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹4058 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 23.76% |
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 (06-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Tech
UTI ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.53% | 5.53% |
6 Month Returns | 22.17% | 22.17% |
1 Year Returns | 35.21% | 35.21% |
3 Years Returns | 53.14% | 15.26% |
5 Years Returns | 175.24% | 22.45% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
UTI ELSS Tax Saver Fund Direct Growth | -2.69 | -1.86 | 0.59 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
UTI ELSS Tax Saver Fund Direct Growth | 1.02 | 0.93 | 0.95 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
UTI ELSS Tax Saver Fund Direct Growth | 2.22 | 0.77 | 0.93 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
UTI ELSS Tax Saver Fund Direct Growth | 12.13 | 12.84 | 18.34 |