Union Long Term Equity Fund Growth - Regular - Latest NAV [ ₹41.85 ], Returns, Performance, Portfolio & Returns 2021

Union Long Term Equity Fund Growth

  • highlight
  • highlight

Start your investment

Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
  • Save up to Rs 46,800 in taxes every year.
  • Highest returns compared to other 80C investments.
  • Lowest lock-in of 3 years
Note: Every instalment of SIP and every lumpsum order must complete the lock-in period before redemption.
Average Annualised Returns i
Tax rates i
30%Not taxable10%*
Returns after tax i
Current rate of Inflation i
Real Rate of Return i
Lock-in Period i
5 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years14.78%
3 Years19.54%
1 Year57.93%
6 Months25.09%
Fund Details
RiskVery High Risk
Fund TypeELSS (Tax Savings)
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd6.98%
ICICI Bank Ltd6.03%
Infosys Ltd5.03%
UltraTech Cement Ltd4.16%
Larsen & Toubro Infotech Ltd4.06%
Housing Development Finance Corp Ltd4.04%
Reliance Industries Ltd3.54%
Avenue Supermarts Ltd3.2%
Larsen & Toubro Ltd2.95%

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.

Related Articlesstar

Customer Reviewsstar

  • " Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "

    IT Developer, Bangalore
  • " I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "

    Software Engineer, Indore
  • " Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "

    Campus Manager, Bangalore

Invest Now in 3 Easy Stepsstar

  • 1
  • 2
  • 3

Why ClearTax Invest?

  • checkOur experts do all the research and offer only the BEST mutual funds
  • checkTrusted by Over 25 Lakh Indians
  • checkInvest in just 5 minutes
  • checkNo paperwork required
  • checkSimple and easy to use

Frequently Asked Questions

  • Read More

Start your investment

Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Very 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