Dezerv

Fund Overview

Fund Size

Fund Size

₹847 Cr

Expense Ratio

Expense Ratio

1.53%

ISIN

ISIN

INF582M01765

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

01 Jan 2013

About this fund

Union Tax Saver (ELSS) Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by Union Mutual Fund. This fund has been in existence for 11 years, 3 months and 16 days, having been launched on 01-Jan-13.
As of 16-Apr-24, it has a Net Asset Value (NAV) of ₹61.10, Assets Under Management (AUM) of 846.64 Crores, and an expense ratio of 1.53%.
  • Union Tax Saver (ELSS) Fund Direct Growth has given a CAGR return of 14.59% since inception.
  • The fund's asset allocation comprises around 93.44% in equities, 0.00% in debts, and 6.56% in cash & cash equivalents.
  • You can start investing in Union Tax Saver (ELSS) Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+36.17%

+36.87%(Cat. Avg.)

3 Years

+20.92%

+19.73%(Cat. Avg.)

5 Years

+19.11%

+17.04%(Cat. Avg.)

10 Years

+15.06%

+16.27%(Cat. Avg.)

Since Inception

+14.59%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Equity791.13 Cr93.44%
Others55.52 Cr6.56%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
TrepsCash - Repurchase Agreement55.87 Cr6.60%
Reliance Industries LtdEquity54.83 Cr6.48%
ICICI Bank LtdEquity50.01 Cr5.91%
HDFC Bank LtdEquity49.57 Cr5.86%
Bharti Airtel LtdEquity29.73 Cr3.51%
Larsen & Toubro LtdEquity25.11 Cr2.97%
Infosys LtdEquity23.82 Cr2.81%
State Bank of IndiaEquity22.23 Cr2.63%
Bajaj Auto LtdEquity22.1 Cr2.61%
Sun Pharmaceuticals Industries LtdEquity20.86 Cr2.46%
Zomato LtdEquity18.76 Cr2.22%
Tata Consultancy Services LtdEquity18.03 Cr2.13%
Shriram Finance LtdEquity16.76 Cr1.98%
Axis Bank LtdEquity16.76 Cr1.98%
Pidilite Industries LtdEquity15.38 Cr1.82%
NTPC LtdEquity15.34 Cr1.81%
HCL Technologies LtdEquity13.74 Cr1.62%
Tata Motors Ltd Class AEquity13.51 Cr1.60%
Varun Beverages LtdEquity13.12 Cr1.55%
Cummins India LtdEquity12.05 Cr1.42%
Sona BLW Precision Forgings LtdEquity11.9 Cr1.41%
Kalyan Jewellers India LtdEquity11.47 Cr1.35%
Canara BankEquity10.86 Cr1.28%
Tata Steel LtdEquity10.29 Cr1.21%
Hitachi Energy India Ltd Ordinary SharesEquity9.53 Cr1.13%
Alembic Pharmaceuticals LtdEquity9.44 Cr1.11%
Solar Industries India LtdEquity9.13 Cr1.08%
Sonata Software LtdEquity9.04 Cr1.07%
PB Fintech LtdEquity8.88 Cr1.05%
Maruti Suzuki India LtdEquity8.82 Cr1.04%
TVS Motor Co LtdEquity8.63 Cr1.02%
Bharat Heavy Electricals LtdEquity8.61 Cr1.02%
Muthoot Finance LtdEquity8.59 Cr1.01%
Max Financial Services LtdEquity8.57 Cr1.01%
Mankind Pharma LtdEquity8.56 Cr1.01%
Cipla LtdEquity8.53 Cr1.01%
Jindal Steel & Power LtdEquity8.49 Cr1.00%
Voltas LtdEquity8.49 Cr1.00%
Godrej Consumer Products LtdEquity8.39 Cr0.99%
JSW Energy LtdEquity8.31 Cr0.98%
Tech Mahindra LtdEquity8.24 Cr0.97%
Tata Consumer Products LtdEquity8.22 Cr0.97%
DOMS Industries LtdEquity8.11 Cr0.96%
Power Grid Corp Of India LtdEquity8.03 Cr0.95%
Godrej Properties LtdEquity8 Cr0.95%
Electronics Mart India LtdEquity7.38 Cr0.87%
SJS Enterprises LtdEquity7.33 Cr0.87%
Eureka Forbes LtdEquity7.18 Cr0.85%
Ajanta Pharma LtdEquity7.02 Cr0.83%
Glenmark Life Sciences LtdEquity6.76 Cr0.80%
DLF LtdEquity6.46 Cr0.76%
Kesoram Industries LtdEquity6.09 Cr0.72%
Oil India LtdEquity6 Cr0.71%
Avenue Supermarts LtdEquity5.88 Cr0.69%
Oil & Natural Gas Corp LtdEquity5.82 Cr0.69%
Trent LtdEquity5.53 Cr0.65%
Gabriel India LtdEquity5.44 Cr0.64%
Jio Financial Services LtdEquity5.05 Cr0.60%
Cyient LtdEquity5 Cr0.59%
Kaynes Technology India LtdEquity4.88 Cr0.58%
Info Edge (India) LtdEquity4.47 Cr0.53%
Bharat Petroleum Corp LtdEquity4.46 Cr0.53%
Kotak Mahindra Bank LtdEquity4.11 Cr0.49%
Coal India LtdEquity3.95 Cr0.47%
Central Depository Services (India) LtdEquity3.94 Cr0.47%
Balkrishna Industries LtdEquity1.55 Cr0.18%
Net Receivable / PayableCash - Collateral-1.08 Cr0.13%
182 DTB 27062024Bond - Gov't/Treasury0.72 Cr0.08%

Allocation By Market Cap (Equity)

Large Cap Stocks

66.28%

Mid Cap Stocks

15.29%

Small Cap Stocks

11.87%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services205.33 Cr24.25%
Consumer Cyclical122.4 Cr14.46%
Technology89.58 Cr10.58%
Energy75.06 Cr8.87%
Industrials72.25 Cr8.53%
Healthcare61.17 Cr7.23%
Basic Materials49.38 Cr5.83%
Consumer Defensive35.61 Cr4.21%
Communication Services34.21 Cr4.04%
Utilities31.68 Cr3.74%
Real Estate14.46 Cr1.71%

Risk & Performance Ratios

Standard Deviation

This fund

11.90%

Cat. avg.

12.78%

Lower the better

Sharpe Ratio

This fund

1.19

Cat. avg.

1.01

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.93

Higher the better

Fund Managers

HB

Hardick Bora

Since January 2023

SB

Sanjay Bembalkar

Since June 2021

Additional Scheme Detailsas of 31st March 2024

ISININF582M01765Expense Ratio1.53%Exit LoadNo ChargesFund Size₹847 CrAge01 Jan 2013Lumpsum Minimum₹500Fund StatusOpen Ended Investment CompanyBenchmarkS&P BSE 500 India TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar ELSS (Tax Savings) Funds

Fund nameExpense RatioExit LoadFund size
1Y
Tata India Tax Savings Fund Direct Growth

Very High Risk

0.7%0.0%₹4028.26 Cr34.1%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹4028.26 Cr32.6%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹35473.88 Cr35.0%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.7%0.0%₹3174.82 Cr32.9%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.8%0.0%₹3174.82 Cr31.5%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹47.33 Cr38.6%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.5%0.0%₹47.33 Cr36.3%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹301.77 Cr53.2%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹301.77 Cr50.5%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1603.92 Cr27.1%

About the AMC

Total AUM

₹17,141 Cr

Address

Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013

Other Funds by Union Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Union Children's Fund Direct Growth

Very High Risk

0.7%0.0%₹42.54 Cr-
Union Innovation & Opportunities Fund Direct Growth

Very High Risk

0.9%1.0%₹600.98 Cr-
Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth

Moderate Risk

-0.0%-6.8%
Union Small Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹3669.91 Cr45.7%
Union Hybrid Equity Fund Direct Growth

Very High Risk

1.4%1.0%₹591.13 Cr28.5%
Union Medium Duration Fund Direct Growth

Moderate Risk

0.7%1.0%₹223.49 Cr6.5%
Union Value Discovery Fund Direct Growth

Very High Risk

1.4%1.0%₹226.87 Cr42.8%
Union Multicap Fund Direct Growth

Very High Risk

1.1%1.0%₹832.45 Cr42.5%
Union Balanced Advantage Fund Direct Growth

Very High Risk

1.2%1.0%₹1608.71 Cr19.6%
Union Equity Savings Fund Direct Growth

Moderate Risk

1.8%1.0%₹156.51 Cr14.6%
Union Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹156.38 Cr8.4%
Union Tax Saver (ELSS) Fund Direct Growth

Very High Risk

1.5%0.0%₹846.64 Cr36.2%
Union Dynamic Bond Fund Direct Growth

Moderate Risk

1.3%1.0%₹113.25 Cr6.3%
Union Flexi Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹1986.67 Cr38.2%
Union Liquid Direct Growth

Low to Moderate Risk

0.1%0.0%₹2061.08 Cr7.4%
Union Midcap Fund Direct Growth

Very High Risk

0.7%1.0%₹1064.70 Cr46.9%
Union Gilt Fund Direct Growth

Moderate Risk

0.7%0.0%₹133.90 Cr6.9%
Union Largecap Fund Direct Growth

Very High Risk

1.8%1.0%₹318.76 Cr33.3%
Union Retirement Fund Direct Growth

Very High Risk

1.8%0.0%₹120.24 Cr39.8%
Union Corporate Bond Fund Direct Growth

Moderate Risk

0.4%1.0%₹441.48 Cr6.9%
Union Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹156.89 Cr6.8%
Union Focused Fund Direct Growth

Very High Risk

1.6%1.0%₹388.31 Cr30.8%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹202.26 Cr7.2%
Union Large & Midcap Fund Direct Growth

Very High Risk

0.9%1.0%₹705.70 Cr37.7%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Union Tax Saver (ELSS) Fund Direct Growth, as of 16-Apr-2024, is ₹61.10.
The fund has generated 36.17% over the last 1 year and 20.92% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 93.44% in equities, 0.00% in bonds, and 6.56% in cash and cash equivalents.
The fund managers responsible for Union Tax Saver (ELSS) Fund Direct Growth are:-
  1. Hardick Bora
  2. Sanjay Bembalkar