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Union Long Term Equity Fund

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Equity: ELSS

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1 Lakh

Investment Grown to
₹ 1.46 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.98 Lakh

Suitability:

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. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 8.40 0.15 1.38 0.74 13.34 31.56 37.93 13.40 13.76 12.74 --
S&P BSE 500 TRI 9.44 0.20 1.61 1.19 13.75 35.49 40.86 13.34 16.66 15.45 --
Equity: ELSS 9.26 0.20 1.49 0.96 13.51 33.66 34.19 10.99 15.22 15.71 --
Rank within category 25 26 20 21 22 27 12 9 23 27 --
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 08-Mar-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Union Long Term Equity Fund
4 star
 Dec-11 37.93 13.40 13.76 2.61 309
Axis Long Term Equity Fund
4 star
 Dec-09 26.92 15.82 17.00 1.61 25,508
DSP Tax Saver Fund  | Invest Online
4 star
 Jan-07 37.18 13.88 17.40 1.85 7,332
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
 Dec-15 46.70 17.65 22.45 1.83 5,648
Kotak Tax Saver Regular Plan  | Invest Online
4 star
 Nov-05 33.36 14.41 16.74 2.21 1,679

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 10.23 01-Apr-2020 - 09-Apr-2020 -17.76 11-Mar-2020 - 18-Mar-2020
Month 21.48 23-Mar-2020 - 22-Apr-2020 -35.22 20-Feb-2020 - 23-Mar-2020
Quarter 34.28 23-Mar-2020 - 22-Jun-2020 -33.33 23-Dec-2019 - 23-Mar-2020
Year 59.56 13-Feb-2014 - 13-Feb-2015 -28.18 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 13.29 21.90 0.40 0.48 0.94 0.48
S&P BSE 500 TRI 13.30 23.03 0.38 0.45 -- --
Equity: ELSS 11.22 22.63 0.29 0.34 0.96 -1.72
Rank within category 10 11 10 5 14 11
Number of funds in category 35 35 35 35 35 35

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 28-Feb-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 72
Top 10 Stocks (%) 42.85
Top 5 Stocks (%) 29.62
Top 3 Sectors (%) 52.77
Portfolio P/B Ratio 3.62
Portfolio P/E Ratio 27.94

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,22,194 1,10,550
Giant (%) 59.14 52.11
Large (%) 12.32 15.12
Mid (%) 19.53 24.30
Small (%) 9.01 8.62
Tiny (%) -- 0.47

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 27.93 9.70 6.33 8.75
equal Infosys Technology 30.46 6.43 2.15 6.43
equal ICICI Bank Financial 28.99 5.71 0.00 5.42
equal HDFC Financial 26.26 6.82 2.37 4.90
equal Reliance Industries Energy 34.61 8.94 4.12 4.12
equal Axis Bank Financial 76.44 4.43 0.73 3.33
equal Bharti Airtel Communication -- 4.19 0.00 3.19
equal Larsen & Toubro Construction 18.36 6.06 1.79 2.26
equal Tata Consultancy Services Technology 36.13 5.31 0.00 2.23
equal Bajaj Finance Financial 80.27 3.53 0.00 2.22
equal Maruti Suzuki India Automobile 49.11 6.45 0.90 1.90
equal State Bank of India Financial 14.85 2.56 0.00 1.76
equal Avenue Supermarts Services 212.51 1.59 0.00 1.57
equal Hindustan Unilever FMCG 69.82 3.72 0.00 1.48
equal Reliance Industries Ltd - Partly Paid Equity Energy -- 1.41
equal Kotak Mahindra Bank Financial 41.83 6.01 1.19 1.37
equal L&T Infotech Technology 37.23 1.36 0.00 1.36
equal Asian Paints Chemicals 84.40 2.31 0.00 1.32
equal Coforge Technology 34.74 1.49 0.00 1.31
equal Bajaj Auto Automobile 23.51 2.02 0.00 1.18
equal Ultratech Cement Construction 28.17 1.92 0.00 1.18
equal Titan Company Cons Durable 170.19 2.63 0.00 1.13
equal Varun Beverages FMCG 86.59 1.44 0.00 1.09
equal Minda Industries Automobile 187.43 1.08 0.00 1.08
equal Syngene International Healthcare 59.20 1.39 0.00 1.06

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2021

Fund Manager

— Vinay Paharia since 28-Jun-2019

Education: Mr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai.

Experience: Prior to joining Union Mutual Fund he was associated with Invesco Asset Management Company, L&T Mutual Fund, K R Choksey Shares and Securities Pvt Ltd (Jan 2004-Jan 2006), First Global Stock broking Pvt. Ltd (Jun 2002-Jan 2004).

Interviews:

Funds Managed:

— Hardick Bora since 06-Jan-2021

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.

Funds Managed:

0.15%

Change from previous, NAV as on 08-Mar-2021

Growth: ₹ 33.8100

Dividend: ₹ 18.9000

Investment Strategy

The scheme seeks to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: Union Mutual Fund
Launch Date: 23-Dec-2011
Return Since Launch: 14.14%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 309 Cr (As on 31-Jan-2021)
Expense: 2.61% (As on 31-Jan-2021)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 43.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend05-Feb-20190.6198

 22-Mar-20181.0000
 28-Sep-20171.0000
 28-Feb-20171.0000
 24-Feb-20161.0000
 13-Jan-20151.5000
 28-Jan-20140.9000
 07-Feb-20131.0000

Contact Information

AMC: Union Asset Management Company Pvt.Ltd.

Address: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai - 400059

Phone: 022-67483300 / 1800-200-2268

Fax: 022-67483400/3401/3402

Email: [email protected]

Website: http://www.unionmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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