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Union Tax Saver (ELSS) Fund Direct-Growth
NAV as of(Aug 11, 2023)
₹ 51.22 -0.18 % 1-D Change
Returns 
13.59% p.a.
You get upto 0.9%extra returns
- Monthly SIP
Monthly SIP is not available for this fund - Lumpsum Lumpsum is not available for this fund
₹
Minimum SIP amount is ₹
₹
Minimum Lumpsum amount is ₹
This fund vs
Show performance of:
Scheme Details
| VRO Rating | |
| Expense ratio | 1.51% As on Jun 30, 2023 |
| Exit Load | 0% |
| AUM (Fund Size) | ₹ 690 Crs |
| Lock-in | 3 Years |
| Age | 10 yrs 7 m Since Jan 01, 2013 |
| Benchmark | S&P BSE 500 TRI |
| Min. Investment | SIP ₹500 & Lumpsum ₹500 |
About Union Tax Saver (ELSS) Fund
Union Tax Saver (ELSS) Fund Direct-Growth is a ELSS mutual fund scheme from Union Mutual Fund. This fund has been in existence for 10 yrs 7 m, having been launched on 01/01/2013. Union Tax Saver (ELSS) Fund Direct-Growth has ₹690 Crores worth of assets under management (AUM) as on 30/06/2023 and is small fund of its category. The fund has an expense ratio of 1.51%, which is higher than what most other Elss funds charge.
.....- Union Tax Saver (ELSS) Fund Direct-Growth returns of last 1-year are 14.30%. Since launch, it has delivered 13.60% average annual returns. The fund has doubled the money invested in it every 4 yrs.
- Union Tax Saver (ELSS) Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
- The fund has the majority of its money invested in Financial, Technology, Automobile, Capital Goods, Healthcare sectors. It has taken less exposure in Financial, Technology sectors compared to other funds in the category.
- The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., State Bank of India, Infosys Ltd..
Investment Returns Calculator
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Category Average | |||
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Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Latest Asset & Portfolio Allocation
as on Jul 31, 2023Top Stock Holdings
Allocation by Market Cap
Large Cap 63.18%
Mid Cap 16.73%
Small Cap 16.32%
Other Cap 0%
Allocation by Sector
Financial 30.49%
Technology 10.12%
Automobile 7.63%
Capital Goods 7.46%
Top Debt Holdings
Reserve Bank of India 0.07%
Allocation by Credit Quality
Bifurcation by Credit Quality is not available for this fund
Allocation by Instruments
Repo 3.74%
Treasury Bills 0.07%
Other Holdings
Others 3.74%
Want to know in detail about the portfolio of this fund?
Comparison with elss Funds
as on Aug 14, 2023| Fund name | Annual Return % | ||
|---|---|---|---|
| Quant Tax Plan | 25.26% | ||
| Mirae Asset Tax Saver Fund | 16.96% | ||
| Bandhan Tax Advantage (ELSS) Fund | 16.59% | ||
| Bank of India Tax Advantage Fund | 16.17% | ||
| Kotak Tax Saver Fund | 15.93% | ||
| Canara Robeco Equity Tax Saver Fund | 15.71% | ||
| Union Tax Saver (ELSS) Fund | 14.98% |
Trailing Returns and Ranks
as on Aug 14, 2023| Period | Trailing returns | Category average |
|---|---|---|
| 1 month | 0.87% | 1.15% |
| 3 months | 10.1% | 9.55% |
| 6 months | 13.77% | 13.85% |
| 1 year | 13.29% | 14.07% |
| 3 years | 24.79% | 24.75% |
| 5 years | 14.98% | 13.87% |
| 10 years | 14.89% | 17.36% |
Want to know in detail about the returns of this fund?
Riskometer
Level of Risk in the Scheme
Investors understand that their principal will be at Very High risk
Union Tax Saver (ELSS) Fund
EQUITY ELSS
The scheme seeks to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.
- Std. Dev : 13.39
- Alpha : 2.43
- Beta : 0.9
- Sharpe : 1.48
- Sortino : 3.24
Hardick Bora
Mr. Bora is a CFA charterholder with the CFA Institute, USA and Bachelors in Banking and Insurance from University of Mumbai.
He has been with Union KBC Mutual Fund since Sep10, 2014 to Oct 24, 2016 as Research Analyst. Nov 2012 to Sep 2014 with Motilal Oswal Securities Ltd. as Sr. Manager - Institutional Research, Oct 2011 to Nov 2012 with Dolat Capital Markets Pvt Ltd. as Research Associate, Feb 2011 to Oct with Khandwala Securities Ltd. as Research Associate, Jul 2010 to Nov 2010 with Yen Management Consultants Pvt. Ltd. as Consultant, Jan 2008 to Jan 2010 with Yen Management Consultants Pvt. Ltd. as Assistant Manager and Apr 2006 to Jul 2006 with 3 Global Services Pvt. Ltd. as Customer Care Advisor.
Sanjay Bembalkar
Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder.
Research Analyst - Equity - Canara Robeco Asset Management Company Ltd. (December 2017 to September 2019) Research Analyst - Equity - LIC Mutual Fund Asset Management Ltd.(August 2015 to December 2017) Assistant Vice President - Quantum Advisors Pvt. Ltd (April 2010 to August 2015) Intern Analyst - Autonomous Research LLP (August 2009 to January 2010).
Union Mutual Fund
TOTAL AUM:
₹10,765 Crs
As on Jun 30, 2023
- Email: investorcare@unionmf.com
- Phone: (022) 6748 3300
- Address: Unit 503, 5th Floor,
Leela Business Park, Andheri Kurla Road,
Andheri (East)
Mumbai, 400059
Frequently Asked questions
How fund report card works
Identifying a top performing fund that consistently creates wealth can be a challenging task due to the dynamic nature of the market. Top funds often change frequently, sometimes even on a daily basis.
However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
How are the returns of Union Tax Saver (ELSS) Fund ?
The Union Tax Saver (ELSS) Fund is a 10 yrs 7 m old fund and has delivered average annual returns of 13.59% since inception.
Union Tax Saver (ELSS) Fund Returns
| 1-Year | 3-Year | 5-Year | 10-Year | Since Inception |
|---|---|---|---|---|
| 13.29% | 24.79% | 14.98% | 14.89% | 13.59% |
What is the current NAV of Union Tax Saver (ELSS) Fund?
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Union Tax Saver (ELSS) Fund for Aug 11, 2023 is 51.22.
Should I invest in Union Tax Saver (ELSS) Fund?
Union Tax Saver (ELSS) Fund has an ET Money Rank of # 14 of 31 and a consistency rating of 3.
This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.
How do I invest in Union Tax Saver (ELSS) Fund?
On ET Money, Investing in Union Tax Saver (ELSS) Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
- Click on the Invest Now Button present on the top right-hand side.
- Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
- Provide few more details needed including the bank account from which you will be making the payment and confirm.
- That's it. Your SIP or one-time investment in Union Tax Saver (ELSS) Fund is done.
How much does Union Tax Saver (ELSS) Fund charge as expense ratio?
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Union Tax Saver (ELSS) Fund is 1.51%. .
How can I redeem my investments in Union Tax Saver (ELSS) Fund?
Redeeming your investments in Union Tax Saver (ELSS) Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Union Tax Saver (ELSS) Fund from anywhere else, you can go to the fund house website and put a request through it.
What is the AUM or size of Union Tax Saver (ELSS) Fund?
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Union Tax Saver (ELSS) Fund is ₹690 Crs.
What are the top stock holdings of Union Tax Saver (ELSS) Fund?
The Union Tax Saver (ELSS) Fund has invested the majority of its money in the stocks of the following companies -
| Company | Percentage of Portfolio |
|---|---|
| HDFC Bank Ltd. | 7.59% |
| ICICI Bank Ltd. | 6.6% |
| Reliance Industries Ltd. | 4.96% |
| State Bank of India | 3.88% |
| Infosys Ltd. | 3.75% |
| Larsen & Toubro Ltd. | 2.9% |
| Axis Bank Ltd. | 2.86% |
| Tata Motors Ltd. - DVR Ordinary | 2.78% |
| Nestle India Ltd. | 2.49% |
| Hindustan Unilever Ltd. | 2.34% |
What are the top sectors Union Tax Saver (ELSS) Fund has invested in?
The Union Tax Saver (ELSS) Fund has primarily invested in the following sectors
| Sector | Percentage of Portfolio |
|---|---|
| Financial | 30.49% |
| Technology | 10.12% |
| Automobile | 7.63% |
| Capital Goods | 7.46% |
| Healthcare | 6.73% |
| Consumer Staples | 6.2% |
| Unclassified | 4.96% |
| Chemicals | 4.44% |
| Construction | 3.97% |
| Materials | 3.4% |