Union ELSS Tax Saver Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
Union ELSS Tax Saver Fund Direct Growth

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

  1. Union ELSS Tax Saver Fund Direct Growth has ₹869 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 1.4.

Returns

Union ELSS Tax Saver Fund Direct Growth has given a CAGR return of 15.37% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 36.05%, 20.29% and 22.13% 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, Health, Consumer Defensive, 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 benefit
Dividends 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

Fund Performance
zero opening, trading, fund transfer fee
121 people have invested ₹ 2.8L in Union ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank

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Fund Overview

Expense ratio1.36%
Benchmark
S&P BSE 200 India TR INR
AUM₹869 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
44.22%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 94.3%

  • Debt & Cash 5.7%

Large cap
57.2%

Mid cap
20.5%

Small cap
16.6%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
28.8%
Consumer Cyclical
13.4%
Industrial
11%
Tech
10.6%
Energy
8%
Basic Materials
7.6%
Health
5.3%
Consumer Defensive
4.6%
Communication
4.6%
Utilities
4.2%
Real Estate
2%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Hardick Bora
Hardick Bora
Fund Manager of Union ELSS Tax Saver Fund Direct Growth, since 25 January 2023
Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union ELSS Tax Saver Fund Direct Growth, since 7 June 2021

Mutual Fund Insights

Insights icon
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 60.99% return, outperforming this fund by 24.94%.
Insights icon
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 29.52% return, outperforming this fund by 9.23% per annum.
Insights icon
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.26% return, outperforming this fund by 14.13% per annum.

Union ELSS Tax Saver Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.37% since inception which is less than its category average return of 16.75%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.3% in Equity, 0.05% in Debt and 5.65% in Cash related instruments
AUM size ₹869 Cr

AUM size ₹869 Cr

This fund has AUM of ₹869 Cr which is less than its category average of ₹ 3843 Cr
Expense Ratio 1.36%

Expense Ratio 1.36%

This fund has an expense ratio of 1.36% which is less than its category average expense ratio of 1.46%

Frequently Asked Questions

The current NAV of Union ELSS Tax Saver Fund Direct Growth is ₹68.23 as on 11-Jul-2024.
Existing (Absolute + CAGR) as on 11-Jul-2024.
Union ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.57%
5.57%
6 Month Returns
15.9%
15.9%
1 Year Returns
36.05%
36.05%
3 Years Returns
74.06%
20.29%
5 Years Returns
171.72%
22.13%
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1.36% as on June 2024
₹869 Cr as on June 2024
HDFC Bank Ltd(7.15%), ICICI Bank Ltd(5.88%), Reliance Industries Ltd(4.51%), Bharti Airtel Ltd(3.64%), Infosys Ltd(3%) as on June 2024
Financial Services(24.74%), Industrial(17.16%), Consumer Cyclical(12.32%) as on June 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
1.67
1.75
2
As on June 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
0.85
0.88
0.92
As on June 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
2.37
1.14
0.89
As on June 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
10.21
12.05
17.92
As on June 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 2.23 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.06 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
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%