1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
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
Dividends
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| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.27 | 2.02 | 0.67 | -2.61 | 11.01 | 33.75 | 4.15 | 4.98 | 5.49 | 10.37 | -- |
| S&P BSE 500 TRI | -4.24 | 1.90 | 0.20 | -3.06 | 9.78 | 34.41 | 0.79 | 4.33 | 8.88 | 12.48 | -- |
| Equity: ELSS | -4.39 | 1.85 | 0.35 | -2.95 | 9.26 | 30.61 | -0.40 | 2.32 | 7.20 | 13.39 | -- |
| Rank within category | 5 | 10 | 6 | 13 | 8 | 9 | 6 | 7 | 23 | 27 | -- |
| Number of funds in category | 38 | 38 | 38 | 38 | 38 | 38 | 37 | 34 | 30 | 29 | 27 |
As on 28-Sep-2020
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
|---|---|---|---|---|---|---|---|
| Union Long Term Equity Fund |  |
Dec-11 | 4.15 | 4.98 | 5.49 | 2.51 | 272 |
| Axis Long Term Equity Fund | Invest Online |  |
Dec-09 | -2.20 | 6.28 | 8.72 | 1.72 | 21,905 |
| Aditya Birla Sun Life Tax Relief 96 | Invest Online |  |
Mar-96 | 4.03 | 3.63 | 8.58 | 1.89 | 11,001 |
| DSP Tax Saver Fund | Invest Online | |
Jan-07 | -3.32 | 2.93 | 9.02 | 1.88 | 6,298 |
| Mirae Asset Tax Saver Fund - Regular Plan | Invest Online | |
Dec-15 | 6.09 | 7.81 | -- | 1.90 | 4,181 |
| Best (Period) | Worst (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) |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | 6.38 | 20.71 | 0.06 | 0.07 | 0.94 | 0.12 |
| S&P BSE 500 TRI | 6.34 | 21.82 | 0.05 | 0.06 | -- | -- |
| Equity: ELSS | 4.25 | 21.39 | -0.04 | -0.04 | 0.95 | -2.02 |
| Rank within category | 8 | 11 | 8 | 7 | 13 | 8 |
| Number of funds in category | 34 | 34 | 34 | 34 | 34 | 34 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Aug-2020
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| Number of Stocks | 68 |
| Top 10 Stocks (%) | 42.26 |
| Top 5 Stocks (%) | 29.01 |
| Top 3 Sectors (%) | 52.00 |
| Portfolio P/B Ratio | 3.35 |
| Portfolio P/E Ratio | 24.81 |
| Fund | Category | |
|---|---|---|
| Average Mkt Cap (Rs Cr) | 1,15,637 | 96,921 |
| Giant (%) | 59.97 | 50.93 |
| Large (%) | 16.08 | 16.68 |
| Mid (%) | 17.48 | 24.21 |
| Small (%) | 6.48 | 8.37 |
| Tiny (%) | -- | 0.16 |
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Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Aug-2020
— 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:
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The scheme seeks to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.
| Minimum Investment (₹) | 500 |
| Minimum Addl Investment (₹) | 500 |
| Minimum SIP Investment (₹) | 500 |
| Minimum No of Cheques | 6 |
| Minimum Withdrawal (₹) | 500 |
| Minimum Balance (₹) | 1 |
| Exit Load | 0 |
| Fund House: | Union Mutual Fund |
| Launch Date: | 23-Dec-2011 |
| Return Since Launch: | 11.37% |
| Benchmark: | S&P BSE 500 TRI |
| Riskometer: | Moderately High |
| Type: | Open-ended |
| Assets: | ₹ 272 Cr (As on 31-Aug-2020) |
| Expense: | 2.51% (As on 31-Aug-2020) |
| Risk Grade: | Below Average |
| Return Grade: | Average |
| Turnover: | 53.00% |
| Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | 05-Feb-2019 | 0.6198 | |||||||||||||||||||||||||||||
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Fund News - 23-Jul-2019
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
Friday, 09-Oct-2020
12:30 PM - 01:00 PM