Union ELSS Tax Saver Fund Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
15.17%
3Y annualised
+1.67% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 22 Nov 2024₹67.58
Min. SIP amount₹500
Rating3
Fund size₹986.95Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns24.2%15.2%20.8%14.7%
Category average28.7%15.9%19.4%NA
Rank with in category312414NA
Understand terms

Peer Comparison

Holdings (76)

NameSectorInstrumentAssets
FinancialEquity7.35%
FinancialEquity6.35%
TechnologyEquity4.07%
EnergyEquity2.88%
CommunicationEquity2.75%
FinancialEquity2.49%
TechnologyEquity2.35%
ConstructionEquity2.35%
TechnologyEquity2.20%
FinancialEquity2.18%
Consumer StaplesEquity2.10%
ServicesEquity1.66%
TechnologyEquity1.60%
FinancialEquity1.59%
Capital GoodsEquity1.44%
ServicesEquity1.43%
HealthcareEquity1.39%
HealthcareEquity1.38%
Consumer DiscretionaryEquity1.36%
HealthcareEquity1.35%
AutomobileEquity1.25%
FinancialEquity1.25%
Metals & MiningEquity1.21%
Consumer StaplesEquity1.20%
EnergyEquity1.20%
HealthcareEquity1.20%
AutomobileEquity1.19%
ServicesEquity1.16%
ConstructionEquity1.16%
ServicesEquity1.14%
AutomobileEquity1.13%
Consumer StaplesEquity1.12%
ConstructionEquity1.06%
FinancialEquity1.04%
Capital GoodsEquity1.02%
ChemicalsEquity1.01%
FinancialEquity1.01%
HealthcareEquity1.00%
ChemicalsEquity0.99%
Metals & MiningEquity0.96%
ConstructionEquity0.96%
AutomobileEquity0.95%
HealthcareEquity0.93%
Consumer DiscretionaryEquity0.92%
FinancialEquity0.88%
AutomobileEquity0.87%
Capital GoodsEquity0.85%
Consumer StaplesEquity0.85%
ServicesEquity0.84%
HealthcareEquity0.83%
TechnologyEquity0.82%
Capital GoodsEquity0.80%
AutomobileEquity0.80%
AutomobileEquity0.79%
ServicesEquity0.79%
Consumer StaplesEquity0.77%
TextilesEquity0.76%
FinancialEquity0.75%
AutomobileEquity0.74%
Consumer DiscretionaryEquity0.71%
Metals & MiningEquity0.70%
EnergyEquity0.70%
ServicesEquity0.69%
ChemicalsEquity0.69%
FinancialEquity0.65%
EnergyEquity0.65%
ConstructionEquity0.64%
ChemicalsEquity0.63%
HealthcareEquity0.63%
FinancialEquity0.59%
FinancialEquity0.52%
TechnologyEquity0.49%
FinancialEquity0.45%
Consumer StaplesEquity0.44%
TechnologyEquity0.43%
Reserve Bank of India
FinancialT-Bills0.05%
See All

Pros and cons

Category: Equity ELSS

Pros

5Y annualised returns higher than category average by 1.34%
Higher alpha: 1.06 The fund has generated returns higher than benchmark - BSE 500 Total Return Index - in the last 3Y
Exit load is zero
Lower expense ratio: 1.33%

Cons

Consistently lower annualised returns than category average for the past 1Y and 3Y
Lock-in period: 3Y

Expense ratio, exit load and tax

Expense ratio: 1.33%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Vinod Malviya
Nov 2024 - Present
View details

Education
Mr. Malviya has done Bachelors of Management Studies, Masters in Financial Management and CFA (Level-III cleared)
Experience
Prior to joining Union Mutual Fund, he was associated with Florintree Advisors Pvt. Ltd., East India Securities Ltd. and Amit Nalin Securities Pvt. Ltd.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059
Phone
(022) 6748 3300
Launch Date
30 Dec 2009
Union Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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