Union Tax saver (ELSS) Fund Direct Plan Growth Option
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 48 as on 09-06-2023
Fund Performance
52 people have invested ₹ 1.9L in Union Tax saver (ELSS) Fund Direct Plan Growth Option in the last three months
Fund Insights
In the last 1 year, Motilal Oswal Long Term Equity Fund Direct Plan Growth has given 26.74% return, outperforming Union Tax saver (ELSS) Fund Direct Plan Growth Option by 9.2%
In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 44.61% return, outperforming Union Tax saver (ELSS) Fund Direct Plan Growth Option by 17.53% per annum
In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 24.03% return, outperforming Union Tax saver (ELSS) Fund Direct Plan Growth Option by 9.6% per annum
Over the last 3 months, Union Tax saver (ELSS) Fund Direct Plan Growth Option has experienced a 10.6% growth in AUM moving from 573.72 Cr to 634.8 Cr
INDmoney Rank
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Pros
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.
About the Fund
Union Tax saver (ELSS) Fund Direct Plan Growth Option 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
- Union Tax saver (ELSS) Fund Direct Plan Growth Option has a NAV of ₹48 as on 09-06-2023.
- Union Tax saver (ELSS) Fund Direct Plan Growth Option has ₹635 Cr worth of assets under management (AUM) as on 30-04-2023 and is less than category average.
- The fund has an expense ratio 1.6.
Union Tax saver (ELSS) Fund Direct Plan Growth Option Overview
 | 1.55% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹635 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 71.8% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
70.8%
Mid cap
16.7%
Small cap
10%
Sector Allocation
Financial Services
32.5%
Tech
13.7%
Consumer Cyclical
10.9%
Industrial
9.2%
Basic Materials
8.4%
Consumer Defensive
7.3%
Energy
5.8%
Health
5.3%
Utilities
3.5%
Communication
2.8%
Real Estate
0.5%
Top Holdings of Union Tax saver (ELSS) Fund Direct Plan Growth Option as on (31-May-23)
Equity Holdings62
Union Tax saver (ELSS) Fund Direct Plan Growth Option: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at -0.99% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.73% as on Apr'23
- This fund underperformed Nifty 500 by 0.26% in Apr'23
AUM Change
- AUM of the fund stands at 581.1 Cr as of Apr'23
- AUM has remained same between Apr'23 and Mar'23
Fund Portfolio Changes
Gainers & Losers in Union Tax saver (ELSS) Fund Direct Plan Growth Option portfolio as on (30-Apr-23)
Top Growth Drivers | 1M Return |
|---|---|
 State Bank of India | 9.8% |
 HDFC Bank Ltd | 4.8% |
 ICICI Bank Ltd | 3.8% |
Top Losers | 1M Return |
|---|---|
 AAVAS Financiers Ltd | -15% |
 Infosys Ltd | -11.2% |
 LTI Mindtree Ltd | -6.8% |
Peer Analysis
Union Tax saver (ELSS) Fund Direct Plan Growth Option Fund Manager
Hardick Bora
Fund Manager of Union Tax saver (ELSS) Fund Direct Plan Growth Option, since 25 January 2023
Top funds managed
Sanjay Bembalkar
Fund Manager of Union Tax saver (ELSS) Fund Direct Plan Growth Option, since 7 June 2021
Top funds managed
Fund 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 13.22% since inception which is less than its category average return of 13.23%
Fund Allocations
This fund has an allocation of 97.51% in Equity, 0.08% in Debt and 2.41% in Cash related instruments
AUM size ₹635 Cr
This fund has AUM of ₹635 Cr which is less than its category average of ₹ 2739 Cr
Expense Ratio 1.55%
This fund has an expense ratio of 1.55% which is more than its category average expense ratio of 1.52%
Frequently Asked Questions
The current NAV of Union Tax saver (ELSS) Fund Direct Plan Growth Option is ₹47.98 as on 09-Jun-2023.
Existing (Absolute + CAGR) as on 09-Jun-2023.
Union Tax saver (ELSS) Fund Direct Plan Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 4.1% | 4.1% |
6 Month Returns | 2.48% | 2.48% |
1 Year Returns | 17.54% | 17.54% |
3 Years Returns | 105.22% | 27.08% |
5 Years Returns | 96.16% | 14.42% |
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1.55% as on May 2023
₹635 Cr as on May 2023
HDFC Bank Ltd(7.56%), ICICI Bank Ltd(7.12%), Reliance Industries Ltd(5.53%), Tata Consultancy Services Ltd Shs Dematerialised(4%), Infosys Ltd(3.88%) as on May 2023
Financial Services(32.49%), Tech(13.52%), Consumer Cyclical(10.25%) as on January 1
The alpha ratio for the Union Tax saver (ELSS) Fund Direct Plan Growth Option for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Tax saver (ELSS) Fund Direct Plan Growth Option | 2.38 | 2.34 | 1.75 |
As on May 2023
The alpha for Union Tax saver (ELSS) Fund Direct Plan Growth Option 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 Tax saver (ELSS) Fund Direct Plan Growth Option for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Tax saver (ELSS) Fund Direct Plan Growth Option | 0.85 | 0.9 | 0.93 |
As on May 2023
The Beta for Union Tax saver (ELSS) Fund Direct Plan Growth Option 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 Tax saver (ELSS) Fund Direct Plan Growth Option for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Tax saver (ELSS) Fund Direct Plan Growth Option | 0.61 | 1.55 | 0.54 |
As on May 2023
The sharpe ratio for Union Tax saver (ELSS) Fund Direct Plan Growth Option 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 Tax saver (ELSS) Fund Direct Plan Growth Option for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Tax saver (ELSS) Fund Direct Plan Growth Option | 13.94 | 13.98 | 18.47 |
As on May 2023
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 3.61 as on May 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.09 as on May 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Hardick Bora, Sanjay Bembalkar are the fund managers of Union Tax saver (ELSS) Fund Direct Plan Growth Option
The Exit load of Union Tax saver (ELSS) Fund Direct Plan Growth Option is 0%