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3 star

Union Long Term Equity Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.82 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.58 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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(₹)
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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 34.20 -0.91 0.95 -3.18 1.32 17.24 43.01 21.99 17.14 11.33 --
S&P BSE 500 TRI 30.36 -0.80 1.01 -2.82 0.68 11.49 37.96 19.12 17.93 12.93 --
Equity: ELSS 31.58 -0.65 0.91 -3.07 0.97 12.82 39.11 19.35 17.37 13.21 --
Rank within category 13 36 21 18 15 4 10 9 17 23 --
Number of funds in category 38 38 38 38 38 38 38 35 34 29 1

As on 03-Dec-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 - Direct Plan
3 star
Jan-13 43.01 21.99 17.14 1.98% 449
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 34.57 21.53 20.48 0.74% 34,235
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 42.90 24.96 23.60 0.43% 10,146
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 43.42 22.58 18.53 0.81% 9,805
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 54.07 22.27 20.87 0.74% 3,518

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 10.23 01-Apr-2020 - 09-Apr-2020 -17.74 16-Mar-2020 - 23-Mar-2020
Month 21.51 23-Mar-2020 - 22-Apr-2020 -35.22 20-Feb-2020 - 23-Mar-2020
Quarter 34.41 23-Mar-2020 - 22-Jun-2020 -33.26 23-Dec-2019 - 23-Mar-2020
Year 95.53 23-Mar-2020 - 23-Mar-2021 -27.94 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 21.91 20.77 0.87 0.97 0.94 3.18
S&P BSE 500 TRI 19.76 21.92 0.73 0.84 -- --
Equity: ELSS 19.84 21.49 0.75 0.81 0.95 0.85
Rank within category 9 12 7 5 13 8
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 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 61
Top 10 Stocks (%) 40.98
Top 5 Stocks (%) 25.36
Top 3 Sectors (%) 51.61
Portfolio P/B Ratio 4.46
Portfolio P/E Ratio 32.61

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,62,707 1,36,970
Giant (%) 55.86 53.06
Large (%) 20.73 14.68
Mid (%) 19.02 25.08
Small (%) 4.38 7.34
Tiny (%) -- 0.21

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 24.50 9.70 6.61 6.61
equal ICICI Bank Financial 23.44 6.74 2.80 6.37
equal Infosys Technology 34.93 6.43 3.39 4.65
equal HDFC Financial 24.08 5.82 2.37 3.89
equal Ultratech Cement Construction 33.27 4.16 0.00 3.84
equal Reliance Industries Energy 31.17 8.94 3.47 3.76
down L&T Infotech Technology 56.77 4.28 0.00 3.41
equal Larsen & Toubro Construction 28.92 3.31 1.79 2.94
down Avenue Supermarts Services 226.32 3.20 0.00 2.93
equal State Bank of India Financial 14.74 2.58 0.00 2.58
up Tata Consultancy Services Technology 36.81 5.31 0.00 2.41
equal Bajaj Finance Financial 85.76 3.53 0.93 2.31
equal Bharti Airtel Communication 139.49 4.19 0.00 2.17
up Kotak Mahindra Bank Financial 38.01 3.78 0.99 1.89
equal Reliance Industries Ltd - Partly Paid Equity Energy -- 1.84
equal Axis Bank Financial 20.63 4.43 1.70 1.70
equal Muthoot Finance Financial 14.85 1.73 0.00 1.59
down United Spirits FMCG 77.06 1.72 0.00 1.59
down Titan Company Consumer Durable 120.35 2.63 0.00 1.53
equal Divi's Laboratories Healthcare 59.12 1.60 0.00 1.51
down Tata Power Company Energy 49.59 1.42 0.00 1.42
equal Piramal Enterprises Healthcare 51.68 1.44 0.00 1.36
equal Varun Beverages FMCG 58.18 1.55 0.00 1.35
equal Maruti Suzuki India Automobile 51.80 4.63 0.90 1.31
equal NTPC Energy 9.21 1.37 0.00 1.25

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-Oct-2021

Fund Manager

— Sanjay Bembalkar since 07-Jun-2021

Education: Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder .

Experience: Research Analyst - Equity - Canara Robeco Asset Management Company Ltd. (December 2017 to September 2019) Research Analyst - Equity - LIC Mutual Fund Asset Management Ltd.(August 2015 to December 2017) Assistant Vice President - Quantum Advisors Pvt. Ltd (April 2010 to August 2015) Intern Analyst - Autonomous Research LLP (August 2009 to January 2010).

Funds Managed:

— 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:


-0.91%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 43.7900

IDCW: ₹ 43.7900


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: 01-Jan-2013
Return Since Launch: 14.34%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 449 Cr (As on 31-Oct-2021)
Expense: 1.98% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Average
Turnover: 50.00%

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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