UTI ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 06-09-2024
₹ 237.42
1D
Inception Returns
15.9%
/yr
About the Fund
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.
Key Parameters
- UTI ELSS Tax Saver Fund Direct Growth has ₹4058 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 0.9.
Returns
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.
Holdings
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
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 UTI ELSS Tax Saver Fund Direct Growth
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 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 UTI ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
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655 people have invested ₹ 59.9L in UTI ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
19
/23
29% Performance
39% Risk Management
45% Cost
19 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
Does not beat the benchmark consistently
3Y returns in the bottom 25% of the category
Fund Overview
| 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 |
Trailing Returns
as on (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
63.1%
Mid cap
25%
Small cap
8.5%
Sector Allocation
Financial Services
27.4%
Consumer Cyclical
17.4%
Tech
10.4%
Consumer Defensive
8.9%
Industrial
8.3%
Basic Materials
6.2%
Health
5.9%
Communication
5.5%
Utilities
4.5%
Energy
2.8%
Real Estate
2.6%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 4.17% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund outperformed Nifty 500 by 0.64% in Jul'24
- AUM of the fund stands at 3.9K 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 4.93% to 5.68%
HDFC Life Insurance Company Limited's allocation increased from 0.87% to 1.2%
Ajanta Pharma Ltd's allocation increased from 1.22% to 1.48%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 7.37 % to 7.21 %
HDFC Bank Ltd's allocation decreased from 7.61 % to 7.06 %
Axis Bank Ltd's allocation decreased from 3.5 % to 3.12 %
Cash allocation has gone down from 1.5% to 1.4%
Debt allocation has gone down from 0.1% to 0.1%
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Tech
Jul'24
Financial Services
27%
Consumer Cyclical
17%
Tech
10%
Jun'24
Financial Services
29%
Consumer Cyclical
17%
Tech
9%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 7.17% | 0% | |
 HDFC Bank Ltd | 7.02% | 0% | |
 Infosys Ltd | 5.81% | 0% | |
 Bharti Airtel Ltd | 4.33% | 1.1% | |
 Axis Bank Ltd | 3.09% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Trent Ltd | 37.3% |
 Ajanta Pharma Ltd | 19.4% |
 Infosys Ltd | 10.4% |
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Vishal Chopda
Fund Manager of UTI ELSS Tax Saver Fund Direct Growth, since 30 August 2019
Top funds managed
Fund House
UTI Asset Management Co Ltd
Total Schemes
Total AUM
₹1.37L Cr
as on 31-Jul-2024
Address
PMS Division, UTI - Tower, “Gn” Block, Bandra Kurla Complex, Mumbai- 400051
Phone
+912266786666
Website
service@uti.co.in
Mutual Fund Insights
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.89% which is lower than the category average expense ratio of 1.27%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 27.27% return, outperforming this fund by 12.01% per annum.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 38.15% return, outperforming this fund by 15.71% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 62.76% return, outperforming this fund by 27.55%.
Over the last 1 month, this fund has increased expense ratio by 4.7% moving from 0.85 to 0.89.
Over the last 1 month, this fund has experienced a 3.6% growth in AUM moving from 3.91K Cr to 4.05K Cr.
UTI 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 15.94% since inception which is less than its category average return of 16.78%
Fund Allocations
This fund has an allocation of 96.63% in Equity, 0.08% in Debt and 3.28% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 4101 Cr
Expense Ratio 0.89%
This fund has an expense ratio of 0.89% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions
The current NAV of UTI ELSS Tax Saver Fund Direct Growth is ₹237.42 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
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% |
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0.89% as on August 2024
₹4058 Cr as on August 2024
ICICI Bank Ltd(7.17%), HDFC Bank Ltd(7.02%), Infosys Ltd(5.81%), Bharti Airtel Ltd(4.33%), Axis Bank Ltd(3.09%) as on August 2024
Financial Services(27.23%), Consumer Cyclical(14.76%), Tech(10.49%) as on August 2024
The alpha ratio for the UTI ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
UTI ELSS Tax Saver Fund Direct Growth | -2.69 | -1.86 | 0.59 |
As on August 2024
The alpha for UTI 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 UTI ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
UTI ELSS Tax Saver Fund Direct Growth | 1.02 | 0.93 | 0.95 |
As on August 2024
The Beta for UTI 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 UTI 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 |
UTI ELSS Tax Saver Fund Direct Growth | 2.22 | 0.77 | 0.93 |
As on August 2024
The sharpe ratio for UTI 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 UTI 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 |
UTI ELSS Tax Saver Fund Direct Growth | 12.13 | 12.84 | 18.34 |
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 1.44 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Vishal Chopda is the fund manager of UTI ELSS Tax Saver Fund Direct Growth
The Exit load of UTI ELSS Tax Saver Fund Direct Growth is 0%