1M
6M
1Y
3Y
5Y
All
| NAV: 22 Oct 2024 | ₹69.04 |
| Min. SIP amount | ₹500 |
| Rating | 3 |
| Fund size | ₹986.95Cr |
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Returns and rankings
Category: Equity ELSS
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 30.8% | 15.3% | 21.7% | 15.0% |
| Category average | 35.0% | 15.9% | 20.4% | NA |
| Rank with in category | 30 | 22 | 14 | NA |
Understand terms
Holdings (68)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
HDFC Bank Ltd. | Financial | Equity | 6.93% |
ICICI Bank Ltd. | Financial | Equity | 5.80% |
Reliance Industries Ltd. | Energy | Equity | 4.19% |
Bharti Airtel Ltd. | Communication | Equity | 3.85% |
Infosys Ltd. | Technology | Equity | 3.81% |
Axis Bank Ltd. | Financial | Equity | 2.67% |
Tata Consultancy Services Ltd. | Technology | Equity | 2.42% |
HCL Technologies Ltd. | Technology | Equity | 2.24% |
State Bank of India | Financial | Equity | 2.08% |
ITC Ltd. | Consumer Staples | Equity | 2.07% |
See All
Pros and cons
Category: Equity ELSS
Pros
5Y annualised returns higher than category average by 1.28%
Higher alpha: 1.38
The fund has generated returns higher than benchmark - BSE 500 Total Return Index - in the last 3Y
Exit load is zero
Lower expense ratio: 1.31%
Cons
Consistently lower annualised returns than category average for the past 1Y and 3Y
Lock-in period: 3Y
Expense ratio, exit load and tax
Expense ratio: 1.31%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Understand terms
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹500 |
Fund management
Hardick BoraJan 2023 - PresentView details
Hardick Bora
Jan 2023 - Present
View details
Education
Mr. Bora is a CFA charterholder with the CFA Institute, USA and Bachelors in Banking and Insurance from University of Mumbai.
Experience
Prior to joining Union Mutual Fund, he has worked with Motilal Oswal Securities Ltd., Dolat Capital Markets Pvt Ltd. as Research Associate, Khandwala Securities Ltd. as Research Associate, Yen Management Consultants Pvt. Ltd. and 3 Global Services Pvt. Ltd.
Also manages these schemes
Sanjay BembalkarJun 2021 - PresentView details
Sanjay Bembalkar
Jun 2021 - Present
View details
Education
Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder.
Experience
Prior to joining Union Mutual Fund, he has worked with Canara Robeco Asset Management Company Ltd, LIC Mutual Fund, Quantum Advisors Pvt. Ltd and Autonomous Research LLP
Also manages these schemes
Fund house & investment objective
Fund house contact details
Address
Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059
Phone
(022) 6748 3300
Launch Date
30 Dec 2009
E-mail
[email protected]Website
www.unionmf.com
Union Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]Website
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