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2 star

Union Long Term Equity Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.67 Lakh

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 -6.03 0.92 2.78 7.36 17.07 -6.66 0.08 3.08 3.73 9.65 --
S&P BSE 500 TRI -9.65 0.85 2.44 7.63 19.31 -10.29 -4.91 2.81 6.47 11.41 --
Equity: ELSS -9.63 0.71 2.05 6.50 15.81 -10.22 -4.74 1.72 6.00 13.17 --
Rank within category 8 7 2 9 12 7 9 14 24 28 --
Number of funds in category 38 38 38 38 38 38 36 34 30 28 1

As on 09-Jul-2020

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
2 star
Jan-13 0.08 3.08 3.73 1.94 244
Axis Long Term Equity Fund - Direct Plan  | Invest Online
5 star
Jan-13 0.30 7.62 8.96 0.93 20,292
Aditya Birla Sun Life Tax Relief 96 - Direct Plan  | Invest Online
4 star
Jan-13 1.38 4.06 8.15 0.94 9,177
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 -2.65 3.82 8.58 0.94 5,359
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 0.72 7.27 -- 0.45 3,141

Best & Worst Performance

Best (Period) Worst (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 59.87 (13-Feb-2014 - 13-Feb-2015) -27.94 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.06 20.31 -0.06 -0.07 0.93 -0.29
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 3.36 21.18 -0.09 -0.10 0.95 -0.97
Rank within category 17 11 17 17 12 17
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 67
Top 10 Stocks (%) 44.65
Top 5 Stocks (%) 29.04
Top 3 Sectors (%) 51.98
Portfolio P/B Ratio 3.12
Portfolio P/E Ratio 21.46

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,12,223 95,668
Giant (%) 63.14 55.04
Large (%) 14.11 16.25
Mid (%) 14.47 21.51
Small (%) 8.28 7.21
Tiny (%) -- 0.01

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 22.68 9.70 6.33 8.71
equal HDFC Financial 15.72 6.82 2.37 5.54
equal Tata Consultancy Services Technology 25.58 5.31 0.00 5.23
down Reliance Industries Energy 31.35 8.94 0.00 4.95
equal ICICI Bank Financial 25.08 5.71 0.00 4.61
up Bharti Airtel Communication -- 4.19 0.00 4.19
equal Infosys Technology 20.06 5.56 2.15 3.60
equal Hindustan Unilever FMCG 75.69 3.72 0.00 3.50
up ITC FMCG 15.70 6.24 0.00 2.25
equal Larsen & Toubro Construction 13.89 6.06 0.00 2.07
equal Maruti Suzuki India Automobile 31.95 6.45 0.90 1.99
equal Axis Bank Financial 69.10 4.43 0.73 1.95
new Reliance Industries Ltd - Partly Paid Equity Energy -- 1.92
equal Ultratech Cement Construction 19.07 2.02 0.00 1.78
equal Bajaj Finance Financial 38.12 3.53 0.00 1.72
equal Asian Paints Chemicals 60.87 2.31 0.00 1.52
equal Kotak Mahindra Bank Financial 31.51 6.01 1.36 1.41
down Nestle India FMCG 79.53 2.52 0.00 1.20
equal PI Industries Chemicals 52.29 1.30 0.00 1.17
equal L&T Infotech Technology 23.84 1.11 0.00 1.11
down Varun Beverages FMCG 41.16 1.44 0.00 1.08
down Container Corp. Services 64.50 2.15 0.00 1.05
equal ICICI Lombard General Insurance Company Financial 48.46 1.16 0.00 1.05
equal Torrent Pharmaceuticals Healthcare 39.02 1.92 0.60 1.04
up NIIT Technologies Technology 22.04 1.27 0.00 1.04

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 30-Jun-2020

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:


0.92%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 25.1000

Dividend: ₹ 25.1000


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
Exit Load 0

Basic Details

Fund House: Union Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.88%
Benchmark: S&P BSE 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 244 Cr (As on 30-Jun-2020)
Expense: 1.94% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Below Average
Turnover: 54.00%

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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