UTI ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
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
- UTI ELSS Tax Saver Fund Direct Growth has ₹3919 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
UTI ELSS Tax Saver Fund Direct Growth has given a CAGR return of 15.73% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 34.84%, 16.52% and 21.27% respectively.
Holdings
UTI ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Consumer Defensive, Industrial, Basic Materials, Communication, Health, Government, Utilities, Energy, Real Estate. 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 benefitDividends 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
742 people have invested ₹ 82.7L in UTI ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
19
/23
36% Performance
35% Risk Management
47% Cost
19 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
3Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 0.83% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹3919 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 25.06% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
Large cap
65.5%
Mid cap
24.9%
Small cap
8%
Sector Allocation
Financial Services
28.8%
Consumer Cyclical
16.9%
Tech
9.4%
Consumer Defensive
8.9%
Industrial
8.6%
Basic Materials
6.3%
Communication
5.5%
Health
5.4%
Utilities
4.3%
Energy
3%
Real Estate
2.8%
All changes are between Apr'24 and Jun'24
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.61% | -0.8% | |
 ICICI Bank Ltd | 7.37% | -0.5% | |
 Infosys Ltd | 4.93% | -0.5% | |
 Bharti Airtel Ltd | 4.1% | -0.5% | |
 Axis Bank Ltd | 3.5% | -0.7% |
See all
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Infosys Ltd | 20.3% |
 Whirlpool of India Ltd | 11.9% |
Vishal Chopda
Fund Manager of UTI ELSS Tax Saver Fund Direct Growth, since 30 August 2019
Top funds managed
Mutual Fund Insights
Over the last 3 months, this fund has experienced a 12.5% growth in AUM moving from 3.48K Cr to 3.91K Cr.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.83% which is lower than the category average expense ratio of 1.27%.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 57.32% return, outperforming this fund by 22.48%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.48% return, outperforming this fund by 11.97% per annum.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.98% return, outperforming this fund by 15.71% per annum.
Over the last 1 year, this fund has decreased expense ratio by 11.7% moving from 0.94 to 0.83.
UTI ELSS Tax Saver Fund Direct Growth 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 15.73% since inception which is less than its category average return of 16.63%
Fund Allocations
This fund has an allocation of 98.37% in Equity, 0.09% in Debt and 1.55% in Cash related instruments
AUM size ₹3919 Cr
This fund has AUM of ₹3919 Cr which is less than its category average of ₹ 3925 Cr
Expense Ratio 0.83%
This fund has an expense ratio of 0.83% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions
The current NAV of UTI ELSS Tax Saver Fund Direct Growth is ₹228.2 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
UTI ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.79% | 2.79% |
6 Month Returns | 18.55% | 18.55% |
1 Year Returns | 34.84% | 34.84% |
3 Years Returns | 58.18% | 16.52% |
5 Years Returns | 162.26% | 21.27% |
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.
0.83% as on June 2024
₹3919 Cr as on June 2024
HDFC Bank Ltd(7.61%), ICICI Bank Ltd(7.37%), Infosys Ltd(4.93%), Bharti Airtel Ltd(4.1%), Axis Bank Ltd(3.5%) as on June 2024
Financial Services(28.34%), Consumer Cyclical(16.64%), Tech(9.23%) as on June 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 | -2.72 | -1.44 | 0.45 |
As on June 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 | 0.98 | 0.93 | 0.95 |
As on June 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 | 1.94 | 0.86 | 0.79 |
As on June 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 | 12.2 | 13.08 | 18.67 |
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 1.65 as on June 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%