Dezerv

Fund Overview

Fund Size

Fund Size

₹869 Cr

Expense Ratio

Expense Ratio

1.36%

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, 6 months and 11 days, having been launched on 01-Jan-13.
As of 11-Jul-24, it has a Net Asset Value (NAV) of ₹68.23, Assets Under Management (AUM) of 869.07 Crores, and an expense ratio of 1.36%.
  • Union Tax Saver (ELSS) Fund Direct Growth has given a CAGR return of 15.37% since inception.
  • The fund's asset allocation comprises around 94.30% in equities, 0.05% in debts, and 5.65% 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

+36.05%

+39.97% (Cat Avg.)

3 Years

+20.29%

+20.35% (Cat Avg.)

5 Years

+22.13%

+20.43% (Cat Avg.)

10 Years

+14.64%

+15.98% (Cat Avg.)

Since Inception

+15.37%

(Cat Avg.)

Portfolio Summaryas of 30th June 2024

Equity819.53 Cr94.30%
Debt0.43 Cr0.05%
Others49.11 Cr5.65%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity66.74 Cr7.15%
ICICI Bank LtdEquity54.87 Cr5.88%
TrepsCash - Repurchase Agreement50.68 Cr5.43%
Reliance Industries LtdEquity42.11 Cr4.51%
Bharti Airtel LtdEquity33.94 Cr3.64%
Infosys LtdEquity27.97 Cr3.00%
Cummins India LtdEquity25.81 Cr2.77%
Axis Bank LtdEquity22.9 Cr2.45%
State Bank of IndiaEquity21.01 Cr2.25%
Godrej Properties LtdEquity19.82 Cr2.12%
Tata Consultancy Services LtdEquity18.15 Cr1.95%
Jindal Steel & Power LtdEquity16.78 Cr1.80%
Larsen & Toubro LtdEquity16.57 Cr1.78%
HCL Technologies LtdEquity15.91 Cr1.70%
Kalyan Jewellers India LtdEquity15.79 Cr1.69%
Varun Beverages LtdEquity15.29 Cr1.64%
DOMS Industries LtdEquity14.89 Cr1.60%
Tech Mahindra LtdEquity14.16 Cr1.52%
Info Edge (India) LtdEquity14.13 Cr1.51%
Tube Investments of India Ltd Ordinary SharesEquity14.06 Cr1.51%
Hitachi Energy India Ltd Ordinary SharesEquity13.43 Cr1.44%
Hindustan Aeronautics Ltd Ordinary SharesEquity13.16 Cr1.41%
TVS Motor Co LtdEquity12.79 Cr1.37%
Quess Corp LtdEquity12.33 Cr1.32%
V-Mart Retail LtdEquity11.98 Cr1.28%
Hero MotoCorp LtdEquity11.72 Cr1.26%
Voltas LtdEquity11.32 Cr1.21%
Zomato LtdEquity11.03 Cr1.18%
Prestige Estates Projects LtdEquity10.98 Cr1.18%
Shriram Finance LtdEquity10.77 Cr1.15%
Balkrishna Industries LtdEquity10.72 Cr1.15%
Solar Industries India LtdEquity10.42 Cr1.12%
Avenue Supermarts LtdEquity10.28 Cr1.10%
Cipla LtdEquity10.07 Cr1.08%
KSB LtdEquity9.86 Cr1.06%
Muthoot Finance LtdEquity9.7 Cr1.04%
Kesoram Industries LtdEquity9.58 Cr1.03%
Pidilite Industries LtdEquity9.43 Cr1.01%
SJS Enterprises LtdEquity9.38 Cr1.01%
Power Grid Corp Of India LtdEquity9.27 Cr0.99%
ITD Cementation India LtdEquity9.2 Cr0.99%
Bharat Electronics LtdEquity9.18 Cr0.98%
Glenmark Life Sciences LtdEquity9.16 Cr0.98%
Cholamandalam Investment and Finance Co LtdEquity9.11 Cr0.98%
Tata Steel LtdEquity9.08 Cr0.97%
Escorts Kubota LtdEquity8.95 Cr0.96%
Electronics Mart India LtdEquity8.84 Cr0.95%
Central Depository Services (India) LtdEquity8.59 Cr0.92%
Kotak Mahindra Bank LtdEquity8.47 Cr0.91%
Alembic Pharmaceuticals LtdEquity8.4 Cr0.90%
Oil India LtdEquity8.32 Cr0.89%
InterGlobe Aviation LtdEquity8.19 Cr0.88%
Gabriel India LtdEquity7.89 Cr0.84%
Godrej Consumer Products LtdEquity7.7 Cr0.83%
Eureka Forbes LtdEquity7.58 Cr0.81%
Sonata Software LtdEquity7.42 Cr0.79%
Maruti Suzuki India LtdEquity7.22 Cr0.77%
3M India LtdEquity6.62 Cr0.71%
Ajanta Pharma LtdEquity6.45 Cr0.69%
Nippon Life India Asset Management Ltd Ordinary SharesEquity6.44 Cr0.69%
Jio Financial Services LtdEquity6.44 Cr0.69%
Aarti Industries LtdEquity6.18 Cr0.66%
REC LtdEquity5.83 Cr0.62%
NTPC LtdEquity4.92 Cr0.53%
Sun Pharmaceuticals Industries LtdEquity4.79 Cr0.51%
Net Receivable / PayableCash - Collateral2.06 Cr0.22%
364 DTB 26122024Bond - Gov't/Treasury0.46 Cr0.05%

Allocation By Market Cap (Equity)

Large Cap Stocks

57.23%

Mid Cap Stocks

20.49%

Small Cap Stocks

16.58%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services230.89 Cr24.74%
Industrials160.15 Cr17.16%
Consumer Cyclical114.94 Cr12.32%
Technology97.04 Cr10.40%
Basic Materials61.47 Cr6.59%
Energy50.42 Cr5.40%
Communication Services48.07 Cr5.15%
Healthcare38.88 Cr4.17%
Consumer Defensive33.27 Cr3.57%
Real Estate30.8 Cr3.30%
Utilities14.19 Cr1.52%

Risk & Performance Ratios

Standard Deviation

This fund

12.05%

Cat. avg.

12.52%

Lower the better

Sharpe Ratio

This fund

1.14

Cat. avg.

0.97

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.80

Higher the better

Fund Managers

HB

Hardick Bora

Since January 2023

SB

Sanjay Bembalkar

Since June 2021

Additional Scheme Detailsas of 30th June 2024

ISIN
INF582M01765
Expense Ratio
1.36%
Exit Load
No Charges
Fund Size
₹869 Cr
Age
01 Jan 2013
Lumpsum Minimum
₹500
Fund Status
Open Ended Investment Company
Benchmark
S&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%₹4199.87 Cr39.7%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹4199.87 Cr38.1%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹37106.30 Cr29.6%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹3454.03 Cr37.7%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.7%0.0%₹3454.03 Cr36.2%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹51.18 Cr46.7%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹51.18 Cr44.4%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹337.77 Cr58.4%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹337.77 Cr55.6%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1649.12 Cr27.4%

About the AMC

Total AUM

₹18,538 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

0.8%0.0%₹46.70 Cr-
Union Innovation & Opportunities Fund Direct Growth

Very High Risk

0.7%1.0%₹654.11 Cr-
Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth

Moderate Risk

-0.0%-7.3%
Union Small Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹4580.54 Cr43.5%
Union Hybrid Equity Fund Direct Growth

Very High Risk

1.3%1.0%₹587.95 Cr28.9%
Union Medium Duration Fund Direct Growth

Moderate Risk

0.6%1.0%₹238.94 Cr7.0%
Union Value Discovery Fund Direct Growth

Very High Risk

1.4%1.0%₹245.74 Cr45.8%
Union Multicap Fund Direct Growth

Very High Risk

0.9%1.0%₹917.38 Cr43.0%
Union Balanced Advantage Fund Direct Growth

Very High Risk

0.9%1.0%₹1634.86 Cr22.0%
Union Equity Savings Fund Direct Growth

Moderately High risk

1.5%1.0%₹208.22 Cr14.4%
Union Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹204.40 Cr8.4%
Union Tax Saver (ELSS) Fund Direct Growth

Very High Risk

1.4%0.0%₹869.07 Cr36.1%
Union Dynamic Bond Fund Direct Growth

Moderate Risk

1.2%1.0%₹112.22 Cr7.4%
Union Flexi Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹1242.42 Cr36.2%
Union Liquid Direct Growth

Low to Moderate Risk

0.1%0.0%₹2815.14 Cr7.4%
Union Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹1309.79 Cr49.8%
Union Gilt Fund Direct Growth

Moderate Risk

0.7%0.0%₹136.26 Cr8.2%
Union Largecap Fund Direct Growth

Very High Risk

1.7%1.0%₹375.69 Cr32.4%
Union Retirement Fund Direct Growth

Very High Risk

1.1%0.0%₹126.74 Cr40.3%
Union Corporate Bond Fund Direct Growth

Moderate Risk

0.4%1.0%₹331.40 Cr7.3%
Union Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹263.03 Cr6.8%
Union Focused Fund Direct Growth

Very High Risk

1.5%1.0%₹398.80 Cr30.0%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹174.76 Cr7.2%
Union Large & Midcap Fund Direct Growth

Very High Risk

0.9%1.0%₹817.18 Cr39.0%

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 11-Jul-2024, is ₹68.23.
The fund has generated 36.05% over the last 1 year and 20.29% 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 94.30% in equities, 0.05% in bonds, and 5.65% in cash and cash equivalents.
The fund managers responsible for Union Tax Saver (ELSS) Fund Direct Growth are:-
  1. Hardick Bora
  2. Sanjay Bembalkar