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  • Union ELSS Tax Saver Fund (RIDCW-I)
Union Mutual Fund

Union ELSS Tax Saver Fund (RIDCW-I)

EquityTax Saving

36.82

NAV (Oct 11)

22.226%
5 Year CAGR
Scripbox Opinion
Neutral
Click here for top ranked funds in tax saving mutual funds.

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).

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Downside Protection Measure

Neutral

The performance of the fund on a Downside Protection Measure metric has been Neutral

Fund Size

Neutral

The performance of the fund on a Fund Size metric has been Neutral

Invest in this fund
Scripbox Recommended Tax Saving Fund
Save tax combined with inflation beating long term growth. Invest in Scripbox Recommended Tax Saver Funds to unlock the best of both worlds - tax saving and long term wealth creation.?Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

36.82

NAV (Oct 11)

Fund Returns

Last 1Y
33.1%
Last 3Y
15.5%
Last 5Y
22.2%
Last 10Y
13.5%
Since Inception
15.9%
6 Month CAGR
12.9%

Scheme Information

Investment Objective

The scheme seeks to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.

Expense Ratio
2.23
Launched (0y ago)
2.23
AUM in Crores
987
ISIN
INF582M01310
Lock-in
1095
Benchmark
BSE 500 Total Return Index
SIP Minimum
500
Lumpsum Min.
500
Standard Deviation (3yr)
-
Standard Deviation
12
Beta
0.9
Sharpe Ratio
1.1
YTM
-
Fund Managers

Hardick Bora

Fund Manager

Sanjay Bembalkar

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Union ELSS Tax Saver Fund (RIDCW-I)70%12,93,169 5,60,55722.2%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

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.

Asset allocation and Holdings

Last updated on 2023-12-21

Top Stock Holdings

HDFC Bank Ltd.

6.7%
6.67%

ICICI Bank Ltd.

5.8%
5.79%

Reliance Industries Ltd.

4.2%
4.22%

Others

3.7%
3.74%

Bharti Airtel Ltd.

3.7%
3.65%
See all holdings

Allocation by Sector

Financial

23.9%
23.89%

Technology

10%
10.01%

Automobile

8.9%
8.9%

Services

7.8%
7.83%

Energy

6.8%
6.84%
See all sectors

Comparison with Equity Funds

Fund NameFund Size
mirae-asset-global
Mirae Asset ELSS Tax Saver Fund (G)

₹ 26,417 cr

₹ 66,206 cr

₹ 24,508 cr

₹ 51,197 cr

₹ 17,770 cr

amc-img

About the AMC

Union Mutual Fund

Union Mutual Fund is sponsored by Union Bank of India and Dai-ichi Life Holdings, Inc. Union Asset Management Co. Pvt. Ltd. was set up on 30 December 2009 and manages assets worth 7,548 crores. It's current offering of 18 different mutual fund schemes. It is one of the fastest growing asset management companies in India.amc-img
phone-img(022) 6748 3300
email-img investorcare@unionmf.com
Fund NameScripbox Opinion
Till Date CAGR

14.1%

13.1%

6.1%

6.8%

5.7%

4.8%

5%

6.5%

9.6%

10.6%

Union ELSS Tax Saver Fund (RIDCW-I) Review

Union ELSS Tax Saver Fund (RIDCW-I) is a Tax Saving Equity fund and has delivered an annualised return of 15.852% over a period of 12 years. The fund is managed by Union Mutual Fund. The fund managers are Hardick Bora, Sanjay Bembalkar.

Nav of Union ELSS Tax Saver Fund (RIDCW-I) as of 10/11/2024 is ₹36.82 with the total AUM as of 10/11/2024 is ₹986.9522. With Scripbox you can compare and check the latest nav for all mutual funds in India. Union ELSS Tax Saver Fund (RIDCW-I) was launched on 2011-12-23. The category risk of the fund is Below Average.

The minimum SIP amount for Union ELSS Tax Saver Fund (RIDCW-I) is ₹500 and you can increase this in multiples of ₹500. In case you want to invest a lump sum, the minimum amount to be invested is ₹500. Check your estimated returns on mutual funds by using sip calculator.

Union ELSS Tax Saver Fund (RIDCW-I) 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 BSE 500 Total Return Index.

It is rated as a 3 fund in Equity and delivered 33.118% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Union ELSS Tax Saver Fund (RIDCW-I).

Frequently Asked Questions

What is Union ELSS Tax Saver Fund (RIDCW-I)?

It is a Tax Saving Equity scheme predominantly investing across Equity instruments with an investment objective to generate wealth over the long term.

How to invest in Union ELSS Tax Saver Fund (RIDCW-I)?

You can invest in Union ELSS Tax Saver Fund (RIDCW-I) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

What is the minimum sip amount of Union ELSS Tax Saver Fund (RIDCW-I)?

The minimum sip amount for Union ELSS Tax Saver Fund (RIDCW-I) is ₹500. You can invest in multiples of ₹500.

Is Union ELSS Tax Saver Fund (RIDCW-I) good to invest in?

As per Scripbox experts, it is a 3 fund. You can invest in it if its investment objective and risk-o-meter matches your investment goals and risk preferences.

What is the expense ratio of the Union ELSS Tax Saver Fund (RIDCW-I)?

The expense ratio of the Union ELSS Tax Saver Fund (RIDCW-I) is 2.23% for regular plan.

What is the NAV of Union ELSS Tax Saver Fund (RIDCW-I)?

Today's Union ELSS Tax Saver Fund (RIDCW-I) NAV is ₹36.82.