Union Long Term Equity Fund Growth - Latest NAV, Returns, Performance & Portfolio

Union Long Term Equity Fund Growth

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    3.96%
  • highlight
    (--0.43)26.09

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  • Save up to Rs 46,800 in taxes every year.
  • Highest returns compared to other 80C investments.
  • Lowest lock-in of 3 years
Tax Saving FDPPFELSS
Average Annualised Returns i
6%8%12%
Tax rates i
30%Not taxable10%*
Returns after tax i
4.2%8.00%10.80%
Current rate of Inflation i
4%4%4%
Real Rate of Return i
0.2%4.00%6.80%
Lock-in Period i
5 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years3.96%
3 Years8.09%
1 Year15.54%
6 Months13.93%
Fund Details
ISININF582M01302
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV26.09
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd9.16%
Reliance Industries Ltd7.54%
ICICI Bank Ltd5.5%
Tata Consultancy Services Ltd4.26%
Infosys Ltd4.04%
Bajaj Finance Ltd3.16%
GlaxoSmithKline Consumer Healthcare Ltd2.96%
Housing Development Finance Corp Ltd2.77%
Larsen & Toubro Ltd2.75%
State Bank of India2.56%

About Union Tax Saver Fund

Union Tax Saver Fund is an open ended equity linked scheme (ELSS) mutual fund from the house of Union Mutual Fund AMC. This ELSS scheme also has a lock in period of 3 years with Tax exemption benefits of 80C. The fund’s investment objective is to save tax while growing your hard earned money through Equity Investments. The scheme also offers tax benefits under Section 80C of the Income Tax Act.

Pros & Cons of Union Tax Saver Fund

Union Tax Saver Fund offers 3 benefits:

  1. Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
  2. Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
  3. Being a star-rated fund, it was able to contain losses during 3 month to 1 year period. However, it has been unable to earn returns more than its category and the benchmark in 3 year and 5 year period.

Fund Information and Statistics of Union Tax Saver Fund

i) Inception / Launch date

Union Tax Saver Fund was launched on 23 December 2011 by Union Mutual Fund.

ii) Risk level

Being a multi-cap fund, Union Tax Saver Fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.

iii) Redemption

Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.

iv) Fund Manager

Mr. Anshul Mishra, who is a CFA charterholder and holds rich experience in fund management, has been managing the Union Tax Saver Fund since June 2018.

v) Entry / Exit load

The fund house does not charge any entry load and exit load for investing in Union Tax Saver Fund.

Tax benefits of investing in Union Tax Saver Fund

Union Tax Saver Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.

About Union Mutual Fund

Union Mutual Funds are managed by Union KBC Asset Management Company Ltd. (UTI AMC). The fund provides approved investment avenues and other structured products to meet the financial needs of its clients. It uses the extensive network, brand value and knowledge of investors to achieve its objectives.

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Frequently Asked Questions

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Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Moderately High risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns