Union Tax saver (ELSS) Fund Direct Plan Growth Option
Union Tax saver (ELSS) Fund Direct Plan Growth Option

Union Tax saver (ELSS) Fund Direct Plan Growth Option

Compare
Equity
Direct
Elss (Tax Savings)

NAV: ₹ 48 as on 09-06-2023

Fund Performance
zero opening, trading, fund transfer fee
52 people have invested ₹ 1.9L in Union Tax saver (ELSS) Fund Direct Plan Growth Option in the last three months

Fund Insights

Insights icon

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%

Insights icon

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

Insights icon

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

Insights icon

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

Powered by IND quant engine
IND ranking is not available for this fund.

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

  1. Union Tax saver (ELSS) Fund Direct Plan Growth Option has a NAV of ₹48 as on 09-06-2023.
  2. 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.
  3. The fund has an expense ratio 1.6.

Union Tax saver (ELSS) Fund Direct Plan Growth Option Overview

Expense ratio
Expense ratio
1.55%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹635 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
71.8%

Fund Distribution as on (30-Apr-23)

  • Equity 97.5%

  • Debt & Cash 2.5%

Size breakup

Large cap
70.8%
Mid cap
16.7%
Small cap
10%

Sector Allocation

Apr'23

Mar'23

Feb'23

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

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

Apr'23
Mar'23
Feb'23
Fund Returns
-0.99%
-0.99%
-0.25%
Nifty 500
-0.73%
-0.73%
-2.22%
  • 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

Parameters
Apr'23
Mar'23
Feb'23
AUM
₹ 581.1 Cr
₹ 581.1 Cr
₹ 573.7 Cr
  • 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)

Union Tax saver (ELSS) Fund Direct Plan Growth Option Fund Manager

Hardick Bora

Hardick Bora

Fund Manager of Union Tax saver (ELSS) Fund Direct Plan Growth Option, since 25 January 2023
Sanjay Bembalkar

Sanjay Bembalkar

Fund Manager of Union Tax saver (ELSS) Fund Direct Plan Growth Option, since 7 June 2021

Fund 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 13.22% since inception which is less than its category average return of 13.23%
Fund Allocations

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

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%

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%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
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%