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 #45 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹66.91 (as of 2026-08-21) |
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| AUM | ₹857 Cr |
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| Expense ratio | 1.98% |
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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 | 11.66% |
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| Sharpe ratio | 0.38 |
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| Standard deviation | 14.43% |
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| Max drawdown | -35.36% |
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| Alpha | -0.63 |
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| Beta | 0.92 |
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Over 5 years, captured 90.8% of Nifty 500's upside and 90.7% of its downside.
Market cap allocation
| Large cap | 57.4% |
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| Mid cap | 21.2% |
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| Small cap | 21.4% |
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Concentration
| Top 5 holdings | 21.1% |
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| Top 10 holdings | 31.9% |
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| Total holdings | 77 |
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| Index overlap | 42.9% |
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| Active share | 57.1% |
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Top holdings
- ICICI Bank Ltd. — 7.4%
- HDFC Bank Ltd. — 5.3%
- Bharti Airtel Ltd. — 3.3%
- Reliance Industries Ltd — 2.6%
- State Bank Of India — 2.4%
- AXIS Bank Ltd. — 2.4%
- Gabriel India Ltd. — 2.4%
- Larsen & Toubro Limited — 2.1%
- Maruti Suzuki India Ltd. — 2.0%
- Solar Industries India Limited — 1.9%
Top sectors
- Banking & Financial — 23.9%
- Automobile — 9.2%
- Pharma & Biotech — 6.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 0.9% | Q3 | #27 of 52 |
| 2025 | 4.3% | Q2 | #23 of 51 |
| 2024 | 16.9% | Q3 | #32 of 51 |
| 2023 | 26.4% | Q3 | #31 of 48 |
| 2022 | 1.5% | Q3 | #30 of 43 |