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Value Research Rating
Analyst’s Choice
Riskometer
Very High
₹70.7900 -0.94%
As on 04-Oct-2024
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
|---|---|---|---|---|---|---|
|
Union ELSS Tax Saver Fund - Direct Plan
|
|
|
Very High
|
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1.32 |
|
 |
|
Very High
|
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0.93 |
||
 |
|
Very High
|
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0.68 |
||
|
|
Very High
|
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1.08 |
||
|
|
Very High
|
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0.65 |
₹969 Cr
--
500
500
500
6
Investment Strategy
The scheme seeks to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.
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.
Capital Gains Taxation
Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.
Dividend Taxation
1 min read•By News Desk
1 min read•By News Desk
Union ELSS Tax Saver Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in equity stocks. It offers tax exemption under Section 80C of the Indian income tax laws. As per this section, investments of up to Rs 1.5 lakh in a financial year in eligible securities are exempt from tax.
Mutual funds can be bought directly from the website of the fund house. For instance, Union ELSS Tax Saver Fund - Direct Plan fund can be purchased from the website of Union Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of Union ELSS Tax Saver Fund - Direct Plan is ₹70.7900 as of 07-Oct-2024.
The AUM of Union ELSS Tax Saver Fund - Direct Plan Fund is ₹969 Cr as of 31-Aug-2024
The riskometer level of Union ELSS Tax Saver Fund - Direct Plan is Very High. See More
| Company | Percentage of Portfolio |
|---|---|
|
6.93
|
|
|
5.80
|
|
|
4.19
|
|
|
3.85
|
|
|
3.81
|
As of 31-Aug-2024, Union ELSS Tax Saver Fund - Direct Plan had invested 96.17% in Equity, 3.78% in Cash & Cash Eq. and 0.05% in Debt See More
Union ELSS Tax Saver Fund - Direct Plan is 11 years 9 months old. It has delivered 15.32% returns since inception. See More
|
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
|---|---|---|---|---|---|
|
35.12%
|
17.08%
|
23.16%
|
17.15%
|
14.29%
|
15.32%
|
Yes, There is lock in period in Union ELSS Tax Saver Fund - Direct Plan.
The expense ratio of Union ELSS Tax Saver Fund - Direct Plan is 1.32.
