Union Tax Saver (ELSS) Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers, Guidance
NAV Growth: Rs 51.2800
NAV IDCW: Rs 51.2800
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.
Fund Manager:
1) Hardick Bora
Education: Mr. Bora is a CFA charterholder with the CFA Institute, USA and Bachelors in Banking and Insurance from University of Mumbai.
Experience: He has been with Union KBC Mutual Fund since Sep10, 2014 to Oct 24, 2016 as Research Analyst. Nov 2012 to Sep 2014 with Motilal Oswal Securities Ltd. as Sr. Manager – Institutional Research, Oct 2011 to Nov 2012 with Dolat Capital Markets Pvt Ltd. as Research Associate, Feb 2011 to Oct with Khandwala Securities Ltd. as Research Associate, Jul 2010 to Nov 2010 with Yen Management Consultants Pvt. Ltd. as Consultant, Jan 2008 to Jan 2010 with Yen Management Consultants Pvt. Ltd. as Assistant Manager and Apr 2006 to Jul 2006 with 3 Global Services Pvt. Ltd. as Customer Care Advisor.
2) Sanjay Bembalkar
Education: Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder.
Experience: Research Analyst – Equity – Canara Robeco Asset Management Company Ltd. (December 2017 to September 2019) Research Analyst – Equity – LIC Mutual Fund Asset Management Ltd.(August 2015 to December 2017) Assistant Vice President – Quantum Advisors Pvt. Ltd (April 2010 to August 2015) Intern Analyst – Autonomous Research LLP (August 2009 to January 2010).
Investment Details
Min. Investment (Rs) | 500 |
Min. Addl Investment (Rs) | 500 |
Min. SIP Investment (Rs) | 500 |
Min. Withdrawal (Rs) | 500 |
Min. No of Cheques | 6 |
Min. Balance (Rs) | 1 |
Lock-in Period | 3 Years |
Exit Load | 0 |
Basic Details of Union Tax Saver (ELSS) Fund
Fund House | Union Mutual Fund |
Launch Date | 01-Jan-13 |
Return Since Launch | 13.70% |
Benchmark | S&P BSE 500 TRI |
Riskometer | Very High |
Type | Open-ended |
Assets | Rs 663 Cr |
(As on 30-Jun-2023) | |
Expense | 1.51% |
(As on 30-Jun-2023) | |
Risk Grade | Below Average |
Return Grade | Above Average |
Turnover | 50.00% |
Union Tax Saver (ELSS) Fund Trailing Returns (%)
Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
Union Tax Saver (ELSS) Dir | 12.28 | 0.53 | 4.85 | 15.26 | 12.75 | 23.15 | 26.57 | 15.83 | 14.26 | 14.21 |
S&P BSE 500 TRI | 10.25 | 0.47 | 5.12 | 14.50 | 10.43 | 21.83 | 25.51 | 14.35 | 14.57 | 15.28 |
Equity: ELSS | 11.88 | 0.50 | 4.64 | 14.31 | 12.14 | 23.00 | 25.65 | 14.68 | 14.67 | 16.87 |
Rank within category | 14 | 17 | 18 | 8 | 13 | 17 | 15 | 12 | 13 | 24 |
Number of funds in category | 36 | 39 | 39 | 38 | 37 | 34 | 34 | 31 | 29 | 25 |
Union Tax Saver (ELSS) Fund Peer Comparison
Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
Union Tax Saver (ELSS) Dir | 4 star | 23.15 | 26.57 | 15.83 | 1.51 | 663 | 13.70 | — | 10Y 6M | 50.00 |
Mirae Asset Tax Saver Dir | 5 star | 21.31 | 27.05 | 18.39 | 0.56 | 16,634 | 19.60 | — | 7Y 6M | 91.00 |
SBI LT Eqt Dir | 4 star | 30.25 | 28.41 | 16.57 | 1.00 | 14,430 | 15.00 | — | 10Y 6M | 13.00 |
DSP Tax Saver Dir | 4 star | 21.39 | 26.62 | 16.81 | 0.77 | 11,303 | 17.00 | — | 10Y 6M | 35.00 |
Canara Robeco Eqt Tax Saver Dir | 4 star | 21.73 | 26.43 | 17.60 | 0.56 | 5,750 | 15.83 | — | 10Y 6M | 21.00 |
Portfolio Analysis of Union Tax Saver (ELSS) Fund
No. of Stocks | 65 |
Top 10 Stocks | 39.08% |
Top 5 Stocks | 25.33% |
Top 3 Sectors | 47.62% |
Portfolio P/B Ratio | 4.28 |
Portfolio P/E Ratio | 29.34 |
Portfolio Breakup
Fund | Category | |
Average Mkt Cap (Rs Cr) | 1,33,583 | 1,55,638 |
Giant (%) | 54.74 | 54.84 |
Large (%) | 12.08 | 18.84 |
Mid (%) | 26.10 | 22.95 |
Small (%) | 7.07 | 7.04 |
Tiny (%) | — | 0.15 |
Chanakya’s Mutual Fund Guidance For Union Tax Saver (ELSS) Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://www.unionmf.com/explore-funds
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