Union ELSS Tax Saver Fund
The scheme seeks to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.
Growthvine rating: 2/5 — ranked #31 of 39 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹66.85 (as of 2026-11-11) |
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| AUM | ₹821 Cr |
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| Expense ratio | 1.99% |
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| Riskometer | Very High |
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| Fund manager | Vinod Malviya |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 7.96% |
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| Sharpe ratio | 0.25 |
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| Standard deviation | 14.89% |
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| Max drawdown | −35.36% |
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| Alpha | -0.33 |
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| Beta | 0.93 |
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Over 5 years, captured 91.6% of Nifty 500's upside and 92.5% of its downside.
Market cap allocation
| Large cap | 55.1% |
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| Mid cap | 22.7% |
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| Small cap | 22.3% |
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Concentration
| Top 5 holdings | 20.8% |
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| Top 10 holdings | 31.0% |
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| Total holdings | 81 |
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| Index overlap | 40.5% |
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| Active share | 59.5% |
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Top holdings
- ICICI Bank Ltd. — 7.2%
- HDFC Bank Ltd. — 4.9%
- AXIS Bank Ltd. — 3.2%
- Bharti Airtel Ltd. — 3.1%
- Reliance Industries Ltd — 2.5%
- Larsen & Toubro Limited — 2.1%
- JSW Infrastructure Limited — 2.1%
- Eternal Limited — 2.0%
- Gabriel India Ltd. — 2.0%
- One 97 Communications Limited — 2.0%
Top sectors
- Banking & Financial — 23.1%
- Automobile — 8.8%
- Pharma & Biotech — 6.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 0.8% | Q2 | #19 of 39 |
| 2025 | 4.3% | Q3 | #21 of 38 |
| 2024 | 16.9% | Q3 | #25 of 38 |
| 2023 | 26.4% | Q3 | #22 of 35 |
| 2022 | 1.5% | Q3 | #20 of 30 |