UTI ELSS Tax Saver Fund Direct Growth

UTI ELSS Tax Saver Fund Direct Growth

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 219.05 as on 13-06-2024

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

  1. UTI ELSS Tax Saver Fund Direct Growth has ₹3615 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

UTI ELSS Tax Saver Fund Direct Growth has given a CAGR return of 15.47% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 34.40%, 16.84% and 18.87% respectively.

Holdings

UTI ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Consumer Defensive, Government, Basic Materials, Health, Communication, Utilities, Real Estate, Energy. Its top holdings are HDFC Bank Ltd, ICICI 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 benefit
Dividends 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

Fund Performance
zero opening, trading, fund transfer fee
643 people have invested ₹ 65.9L in UTI ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
19
/23
35% Performance
36% Risk Management
47% Cost
19 out of 23 among elss (tax savings)

Pros

Beats FD returns for both 3Y & 5Y

Cons

Does not beat the benchmark consistently
Higher probablity of downside risk
3Y returns in the bottom 25% of the category

Overview

Expense ratio
Expense ratio
0.85%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹3615 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
25.06%

UTI ELSS Tax Saver Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 98.5%

  • Debt & Cash 1.5%

Size breakup

Large cap
65.2%
Mid cap
24.9%
Small cap
8.5%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
30.5%
Consumer Cyclical
18%
Consumer Defensive
9.5%
Tech
9.3%
Industrial
8%
Basic Materials
5.9%
Health
5.6%
Communication
5.5%
Utilities
4.3%
Real Estate
3.2%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
4.28%
1.32%
-0.51%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 4.28% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 1.82% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 3.5K Cr
₹ 3.5K Cr
₹ 3.4K Cr
  • AUM of the fund stands at 3.5K Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of UTI ELSS Tax Saver Fund Direct Growth as on (31-May-24)

  • Equity

Equity Holdings55

Mutual Fund Insights

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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.3% return, outperforming this fund by 16.43% per annum.
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Over the last 6 months, this fund has experienced a 13.7% growth in AUM moving from 3.17K Cr to 3.61K Cr.
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Over the last 1 year, this fund has decreased expense ratio by 10.5% moving from 0.95 to 0.85.
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In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 28.47% return, outperforming this fund by 11.63% per annum.
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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 60.32% return, outperforming this fund by 25.92%.
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This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.85% which is lower than the category average expense ratio of 1.29%.

Fund Manager

Vishal Chopda
Vishal Chopda
Fund Manager of UTI ELSS Tax Saver Fund Direct Growth, since 30 August 2019

UTI 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 15.47% since inception which is less than its category average return of 16.38%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.54% in Equity, 0.09% in Debt and 1.37% in Cash related instruments
AUM size ₹3615 Cr

AUM size ₹3615 Cr

This fund has AUM of ₹3615 Cr which is less than its category average of ₹ 3674 Cr
Expense Ratio 0.85%

Expense Ratio 0.85%

This fund has an expense ratio of 0.85% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of UTI ELSS Tax Saver Fund Direct Growth is ₹219.05 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
UTI ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.57%
8.57%
6 Month Returns
16.55%
16.55%
1 Year Returns
34.4%
34.4%
3 Years Returns
59.52%
16.84%
5 Years Returns
137.33%
18.87%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.85% as on May 2024
₹3615 Cr as on May 2024
HDFC Bank Ltd(7.55%), ICICI Bank Ltd(7.48%), Infosys Ltd(4.81%), Bharti Airtel Ltd(4.23%), Axis Bank Ltd(3.5%) as on May 2024
Financial Services(29.03%), Consumer Cyclical(16.34%), Industrial(8.96%) as on May 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
-2.19
-1.24
0.06
As on May 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
0.9
0.91
0.94
As on May 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
1.88
0.78
0.68
As on May 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
10.32
12.38
18.4
As on May 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 1.42 as on May 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%