Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
10 Years. The Fund has Sufficient history for analysis and the track record is good.
Relative Size
373 Cr. Medium within the category
Category View
Positive. The category has a positive investment outlook
Consistency Of Performance
Relatively moderate. The historical performance of the fund has been OK
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Tax Saver Plan
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
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Scheme Information
Investment Objective
To generate income and long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities. However,there can be no assurance that the investment objective of the scheme will be achieved.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Union Asset Management Co. Pvt. Ltd. manages assets worth 6,998 crores and was set up on 30 December 2009. It's current offering of mutual fund schemes includes 28 equity,30 debt and 16 hybrid funds.
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
About Union Long Term Equity Fund of Income Distribution cum capital withdrawal (RIDCW-A)
About Union Long Term Equity Fund of Income Distribution cum capital withdrawal (RIDCW-A)
Union Long Term Equity Fund of Income Distribution cum capital withdrawal (RIDCW-A) is a tax saving equity fund and has delivered an annualised return of 14.7% over a period of 10 years .The fund was previously known as Union Long Term Eq DR.The fund is managed by Union Asset Management Co. Pvt. Ltd..The fund managers are Hardick Bora, Sanjay Bembalkar, Vinay Paharia
Union Long Term Equity Fund of Income Distribution cum capital withdrawal (RIDCW-A) Investment Objective
To generate income and long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities. However,there can be no assurance that the investment objective of the scheme will be achieved. However, there is no assurance that the objective of the scheme will be realized.
Union Long Term Equity Fund of Income Distribution cum capital withdrawal (RIDCW-A) NAV,AUM,Risk
The Union Long Term Equity Fund of Income Distribution cum capital withdrawal (RIDCW-A) fund was launched on Dec 23, 2011. The NAV (Net Asset Value) of this tax saving equity as of 2021-07-22 is ₹ 21.24. The total AUM (Asset Under Management) of the fund as of 2021-07-23 is ₹ 372.380. The category risk of the Union Long Term Equity Fund of Income Distribution cum capital withdrawal (RIDCW-A) fund is Very High Risk.
The fund charges 2.52 % as expense ratio.
Union Long Term Equity Fund of Income Distribution cum capital withdrawal (RIDCW-A) Holdings
The fund’s highest allocation is towards equity and has invested 97.9% in this asset class. The top three holdings of the fund are 364 dtb 12082021,hdfc bank ltd and icici bank ltd
Union Long Term Equity Fund of Income Distribution cum capital withdrawal (RIDCW-A) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 0 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 500.
Union Long Term Equity Fund of Income Distribution cum capital withdrawal (RIDCW-A) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to S&P BSE 500 India TR INR
Union Long Term Equity Fund of Income Distribution cum capital withdrawal (RIDCW-A) Review
Union Long Term Equity Fund of Income Distribution cum capital withdrawal (RIDCW-A) has a score of 3 on a scale of 5. The fund scores 4 out of 5 based on historical performance. As compared to the other funds in its category, Union Long Term Equity Fund of Income Distribution cum capital withdrawal (RIDCW-A) has a score of 3 out of 5.
Scipbox has rated this fund 3 out of 5 based on consistency of performance over various years / tenures.
