August 23, 2024
mayank
Union ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 69.7800
NAV IDCW: Rs 69.7800
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: Prior to joining Union Mutual Fund, he has worked with Motilal Oswal Securities Ltd., Dolat Capital Markets Pvt Ltd. as Research Associate, Khandwala Securities Ltd. as Research Associate, Yen Management Consultants Pvt. Ltd. and 3 Global Services Pvt. Ltd.
2) Sanjay Bembalkar
Education: Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder.
Experience: Prior to joining Union Mutual Fund, he has worked with Canara Robeco Asset Management Company Ltd, LIC Mutual Fund, Quantum Advisors Pvt. Ltd and Autonomous Research LLP
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 ELSS Tax Saver Fund
| Fund House | Union Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 15.34% |
| Benchmark | BSE 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 960 Cr |
| (As on 31-Jul-2024) | |
| Expense | 1.26% |
| (As on 31-Jul-2024) | |
| Risk Grade | Below Average |
| Return Grade | Average |
| Turnover | 145.00% |
Trailing Returns (%) of Union ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union ELSS Tax Saver Dir | 19.84 | 0.65 | 2.60 | 10.39 | 14.81 | 35.47 | 19.52 | 24.09 | 17.46 | 14.25 |
| BSE 500 TRI | 21.54 | 0.30 | 2.33 | 10.91 | 16.24 | 39.58 | 20.09 | 23.28 | 17.00 | 15.32 |
| Equity: ELSS | 23.59 | 0.30 | 2.57 | 11.26 | 17.79 | 42.47 | 21.40 | 24.27 | 17.38 | 16.46 |
| Rank within category | 34 | 3 | 20 | 26 | 32 | 31 | 24 | 15 | 12 | 22 |
| Number of funds in category | 39 | 39 | 39 | 39 | 39 | 38 | 33 | 32 | 29 | 25 |
Peer Comparison of Union ELSS Tax Saver Fund
| 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 ELSS Tax Saver Dir | 4 star | 35.47 | 19.52 | 24.09 | 1.26 | 960 | 15.34 | — | 11Y 7M | 145.00 |
| SBI Long Term Equity Dir | 5 star | 57.45 | 29.67 | 28.83 | 0.95 | 27,527 | 18.18 | — | 11Y 7M | 22.00 |
| DSP ELSS Tax Saver Dir | 4 star | 48.89 | 22.76 | 26.04 | 0.69 | 17,268 | 19.48 | — | 11Y 7M | 40.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 46.85 | 26.79 | 24.73 | 1.09 | 16,145 | 16.46 | — | 11Y 7M | 40.09 |
| Quant ELSS Tax Saver Dir | 5 star | 53.64 | 29.33 | 39.46 | 0.71 | 11,065 | 23.33 | — | 11Y 7M | 162.00 |
Portfolio Analysis of Union ELSS Tax Saver Fund
| No. of Stocks | 67 |
| Top 10 Stocks | 34.34% |
| Top 5 Stocks | 23.80% |
| Top 3 Sectors | 42.80% |
| Portfolio P/B Ratio | 4.85 |
| Portfolio P/E Ratio | 31.75 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,54,003 | 1,86,865 |
| Giant (%) | 47.56 | 51.27 |
| Large (%) | 22.78 | 19.28 |
| Mid (%) | 17.64 | 23.87 |
| Small (%) | 12.02 | 7.41 |
| Tiny (%) | — | 0.24 |
Chanakya’s Mutual Fund Guidance For Union ELSS Tax Saver Fund
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