Can I invest in SIP and Lumpsum in Union ELSS Tax Saver Fund - Direct (IDCW) Direct Growth?

Yes, you can invest both lumpsum and SIP in Union ELSS Tax Saver Fund - Direct (IDCW). Minimum lumpsum investment Union ELSS Tax Saver Fund - Direct (IDCW) is ₹500 and minimum SIP amount is ₹500 . Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

What is the NAV of Union ELSS Tax Saver Fund - Direct (IDCW) Direct Growth?

The latest NAV (Net Asset Value) of Union ELSS Tax Saver Fund - Direct (IDCW) is Union ELSS Tax Saver Fund - Direct (IDCW) is ₹65.58 as on 2025-01-16.

Which are the biggest stock holdings of Union ELSS Tax Saver Fund - Direct (IDCW)?

The 5 biggest stock holdings of Union ELSS Tax Saver Fund - Direct (IDCW) are: HDFC Bank (7.57%), ICICI Bank (6.35%), Infosys (4.00%), Bharti Airtel (2.73%), Larsen & Toubro (2.65%)

What are the top sectors Union ELSS Tax Saver Fund - Direct (IDCW) invests in?

A majority of Union ELSS Tax Saver Fund - Direct (IDCW) 's AUM worth ₹923.05 (Cr) is invested in these 3 top sectors: Banks : 19.12% IT-Software : 11.53% Pharmaceuticals & Biotech : 7.36%

Mutual Funds
Union ELSS Tax Saver Fund - Direct (IDCW)

Union ELSS Tax Saver Fund - Direct (IDCW)

ELSS

Invest Now

NAV
65.58(0.61%)
Fund Size (CR)
₹923.05
Expense Ratio
1.37
Scheme Type
Active Fund
Value Research

Min. investment
₹500
Minimum Additional Investment
₹500
Minimum SIP Investment
₹500
Minimum Withdrawal
₹500
Exit Load
1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment
0%
Return Since Launch
14.55%

Absolute Return: -8.23%

Annualized Return: 0%

Basic Details

Scheme Manager

Sanjay Bembalkar

Bench Mark

BSE 500 TRI

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	8 January 2025	9632.03	-3.68%	-	-3.50%	133/225
1 Month	13 December 2024	9137.81	-8.62%	-	-7.74%	174/225
3 Month	15 October 2024	9114.81	-8.85%	-	-8.77%	106/225
6 Month	15 July 2024	9469.71	-5.30%	-	-5.27%	113/225
1 Year	15 January 2024	10917.92	9.18%	9.18%	12.70%	153/225
3 Year	14 January 2022	14096.01	40.96%	12.12%	13.89%	142/215
5 Year	15 January 2020	23875.49	138.75%	19.01%	19.67%	103/215
Since Inception	2 January 2013	51336.63	413.37%	14.55%	16.08%	154/225

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	1 February 2024	1,20,000	124192.55	3.49%	3.49%
3 Year	1 February 2022	3,60,000	478340.98	32.87%	9.94%
5 Year	3 February 2020	6,00,000	1010630.58	68.44%	10.99%
10 Year	2 February 2015	12,00,000	2839614.25	136.63%	9.00%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

Investment type
Scheme based

SIP
Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

3.48%

Standard Deviation

0.91%

Beta

0.80%

Sharpe Ratio

0.08%

Treynor's Ratio

4.87%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
HDFC Bank	7.57%	394000	69.85	Equity	Banks
ICICI Bank	6.35%	457434	58.63	Equity	Banks
Infosys	4.00%	196500	36.94	Equity	IT - Software
Bharti Airtel	2.73%	159000	25.25	Equity	Telecomm-Service
Larsen & Toubro	2.65%	67750	24.44	Equity	Infrastructure Developers & Operators
St Bk of India	2.36%	273516	21.74	Equity	Banks
Reliance Industr	2.34%	178000	21.64	Equity	Refineries
HCL Technologies	2.21%	106500	20.42	Equity	IT - Software
ITC	2.10%	400000	19.35	Equity	Tobacco Products
Axis Bank	1.80%	156100	16.62	Equity	Banks

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Union ELSS Tax Saver Fund - Direct (IDCW)	923.05	-8.62%	-8.85%	-5.30%	9.18%	12.12%
SBI Long Term Advantage Fund-Series V -Dir (IDCW)	366.59	-5.61%	-4.30%	3.25%	36.02%	16.56%
SBI Long Term Advantage Fund - Series V -Dir (G)	366.59	-5.61%	-4.30%	3.25%	36.02%	16.56%
Motilal Oswal ELSS Tax Saver Fund-Dir (IDCW)	4414.88	-9.58%	-9.37%	3.47%	31.55%	23.14%
Motilal Oswal ELSS Tax Saver Fund-Dir (G)	4414.88	-9.58%	-9.37%	3.47%	31.55%	23.14%
HSBC Tax Saver Equity Fund - Direct (G)	260.85	-7.71%	-4.78%	2.97%	24.06%	15.67%

News

Union Mutual Fund announces merger of Union Medium Duration Fund Merger into Union Corporate Bond Fund
Union Mutual Fund has approved the merger of Union Medium Duration Fund Merger into Union Corporate Bond Fund, with effect from 29 January 2025.
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Union MF announces change in Fund Manager of the following schemes

Union Mutual Fund has announced change in Fund Managers of the following schemes with effect from: 09 December 2024

Change in Fund Managers of the Schemes:

Name of the Scheme	Names of the existing Fund Manager(s)/ Head-Equity/Chief Investment Officer	Names of the new Fund Manager(s)/ Head-Equity/Chief Investment Officer^
Union Small Cap Fund	Mr. Sanjay Bembalkar and Mr. Gaurav Chopra	Mr. Pratik Dharmshi and Mr. Gaurav Chopra
Union Focused Fund	Mr. Sanjay Bembalkar and Mr. Vinod Malviya	Mr. Pratik Dharmshi and Mr. Vinod Malviya
Union Retirement Fund	Mr. Sanjay Bembalkar and Mr. Vinod Malviya	Mr. Pratik Dharmshi and Mr. Vinod Malviya
Union Large & Midcap Fund	Mr. Vinod Malviya and Mr. Sanjay Bembalkar	Mr. Vinod Malviya and Mr. Pratik Dharmshi
Union Midcap Fund	Mr. Gaurav Chopra and Mr. Sanjay Bembalkar	Mr. Gaurav Chopra and Mr. Pratik Dharmshi
Union Business Cycle Fund	Mr. Harshad Patwardhan and Mr. Sanjay Bembalkar	Mr. Harshad Patwardhan and Mr. Pratik Dharmshi

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Union MF announces change in benchmark index under its scheme

Union Mutual Fund has announced change in the benchmark of Union Multi Asset Allocation Fund with effect from November 01, 2024

Change in name of Benchmark of Union Multi Asset Allocation Fund

Scheme Name	Existing Benchmark	Revised Benchmark
Union Multi Asset Allocation Fund	65% NIFTY 50 TRI + 20% CRISIL Short Term Bond Fund Index + 15% Domestic price of Gold	65% NIFTY 50 TRI + 20% NIFTY Composite Debt Index + 15% Domestic prices of Gold

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Fund House Details & Investment Objective

Date of Incorporation

1 January 2013

Total AUM (Cr)

₹923.05

Union ELSS Tax Saver Fund - Direct (IDCW) is an ELSS-oriented fund from the renowned AMC, Union Mutual Fund. Launched in 1 January 2013, this fund is managed by Sanjay Bembalkar. With assets under management (AUM) worth ₹923.05 (Cr), as of 16 January 2025, Union ELSS Tax Saver Fund - Direct (IDCW) is categorized as a ELSS within its segment. The fund has generated a return of 14.55% since its launch.
The current NAV of Union ELSS Tax Saver Fund - Direct (IDCW) is ₹65.58, as on 16 January 2025. The fund's benchmark index is BSE 500 TRI. You can invest in Union ELSS Tax Saver Fund - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹500.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Nil The fund has generated 12.12% and 19.01% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 97.32% in Equity, 2.99% in Debt and -0.31% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 19.12% in Banks, 11.53% in IT-Software, 7.36% in Pharmaceuticals & Biotech, 7.00% in Consumer Durables, 6.87% in Retailing

FAQs

How to Invest in Union ELSS Tax Saver Fund - Direct (IDCW) Direct Growth?

Union ELSS Tax Saver Fund - Direct (IDCW) is a popular fund in the ELSS segment. The fund has generated a return of 14.55% since inception. Looking to invest in Union ELSS Tax Saver Fund - Direct (IDCW) How about earning 1% extra return? All this is possible with m.Stock! Investing in Union ELSS Tax Saver Fund - Direct (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:

Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
In the search bar, enter the fund name, in this case, Union ELSS Tax Saver Fund - Direct (IDCW)
On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Union ELSS Tax Saver Fund - Direct (IDCW) today and reap the benefits of this ELSS fund!

How much returns has Union ELSS Tax Saver Fund - Direct (IDCW) Direct Growth generated?

In the short term, i.e., 1 year, Union ELSS Tax Saver Fund - Direct (IDCW) has generated annualised return of 9.18%. In the long-term, the fund has generated 12.12% and 19.01% in 3 and 5 years respectively. Since its inception, the fund has generated 14.55% returns.

What is the expense ratio of Union ELSS Tax Saver Fund - Direct (IDCW) Direct Growth?

The expense ratio of Union ELSS Tax Saver Fund - Direct (IDCW) Direct Growth is 1.37%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of Union ELSS Tax Saver Fund - Direct (IDCW) Fund Direct Growth?

The Assets Under Management (AUM) of Union ELSS Tax Saver Fund - Direct (IDCW) is ₹923.05 (Cr) as of 2025-01-16 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from Union ELSS Tax Saver Fund - Direct (IDCW) Direct Growth?

Redeeming or selling units of Union ELSS Tax Saver Fund - Direct (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Union ELSS Tax Saver Fund - Direct (IDCW):

Login to your m.Stock account
In portfolio, your mutual fund investments will be visible under ‘MF’
Select the fund you wish to redeem from (in this case Union ELSS Tax Saver Fund - Direct (IDCW)).
Click on ‘Redeem’ button
You have 2 options – redeem by units and redeem by value (you can only redeem free units)
Select units to be redeemed and click on submit.
Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).