# Union ELSS Tax Saver Fund

Union Asset Management Company Private Limited · ELSS (Tax Saver) · Regular plan, Growth

Full page with charts: https://discovermf.com/funds/union-elss-tax-saver-fund-116051
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

## In short

- **What it invests in:** Saves tax, with a three-year lock-in. Its latest portfolio: 99% shares and 1% cash.
- **₹10,000 a month:** For the last 5 years: ₹6 lakh put in, worth ₹7.29 lakh on 3 Nov 2026.
- **Next to similar funds:** Over the last 3 years it earned 9.3% a year; similar funds earned 10.3% a year on average.
- **How bumpy:** Very high: big ups and downs, sometimes sharp falls. It made money in 81 of every 100 one-year stretches; its worst 12 months saw a fall of 24.8%.
- **Expense ratio:** 2.60% a year. Similar funds: 2.13% on average.
- **Fees and minimums:** A SIP from ₹500 a month. No fee for selling early.

Past returns do not tell you future returns.

## Key facts

- **NAV:** ₹63.66 on 3 Nov 2026
- **Fund size:** ₹811 cr (2 Nov 2026)
- **Expense ratio:** 2.60% a year (typical in its category 2.13%)
- **Riskometer:** Very High
- **Benchmark:** BSE 500 TRI
- **Category:** [ELSS (Tax Saver)](https://discovermf.com/categories/elss-tax-saver.md)
- **Fund house:** [Union Asset Management Company Private Limited](https://discovermf.com/fund-houses/union)
- **Launched:** 23 Dec 2011
- **Exit load:** Nil
- **Minimum investment:** ₹500 to start, ₹500 a month by SIP
- **AMFI scheme code:** 116051

## Returns

| Period | Fund | Category average | Benchmark | Rank in category |
| --- | --- | --- | --- | --- |
| 1 month | +1.4% | — | — | — |
| 3 months | -4.5% | — | — | — |
| 6 months | +0.4% | — | — | — |
| 1 year | -4.9% | -4.7% | -5.7% | 19 of 38 |
| 3 years (a year) | +9.3% | +10.3% | +10.3% | 25 of 37 |
| 5 years (a year) | +8.1% | +8.8% | +8.7% | 18 of 30 |
| Since launch (a year) | +13.3% | — | — | — |

### Calendar years

| Year | Fund | Benchmark |
| --- | --- | --- |
| 2026 | -4.0% | — |
| 2025 | +4.3% | — |
| 2024 | +16.9% | — |
| 2023 | +26.4% | — |
| 2022 | +1.5% | — |
| 2021 | +35.9% | — |
| 2020 | +21.6% | — |
| 2019 | +10.5% | — |
| 2018 | -5.2% | — |
| 2017 | +26.1% | — |

### A ₹10,000 monthly SIP

On the first price of each month, valued at the NAV of 3 Nov 2026.

| Started | Put in | Worth | Yearly return (XIRR) |
| --- | --- | --- | --- |
| 3 years ago | ₹3.6 lakh | ₹3.72 lakh | +2.2% |
| 5 years ago | ₹6 lakh | ₹7.29 lakh | +7.7% |
| 10 years ago | ₹12 lakh | ₹22.76 lakh | +12.3% |

## Risk

| Measure | Fund | Category average |
| --- | --- | --- |
| Volatility, last year | 15.0% | 14.3% |
| Worst fall, last year | -15.5% | — |
| Worst fall, last 3 years | -18.6% | — |
| Sharpe ratio, 3 years | 0.24 | — |
| Sortino ratio, 3 years | 0.32 | — |
| Beta, 3 years | — | — |
| Alpha, 3 years | — | — |

## Portfolio, September 2026

85 holdings. Equity 98.9%, Debt 0.1%, Cash and equivalents 1.0%.

### Largest holdings

| Holding | Sector or type | Weight |
| --- | --- | --- |
| ICICI Bank Ltd. | Banks | 7.17% |
| HDFC Bank Ltd. | Banks | 4.92% |
| Axis Bank Ltd. | Banks | 3.18% |
| Bharti Airtel Ltd. | Telecom - Services | 3.08% |
| Reliance Industries Ltd. | Petroleum Products | 2.46% |
| Larsen & Toubro Ltd. | Construction | 2.10% |
| JSW Infrastructure Ltd. | Transport Infrastructure | 2.08% |
| Eternal Ltd. | Retailing | 2.05% |
| Gabriel India Ltd. | Auto Components | 1.98% |
| One 97 Communications Ltd. | Financial Technology (Fintech) | 1.97% |

### Largest sectors

| Sector | Weight |
| --- | --- |
| Banks | 21.8% |
| Auto Components | 6.6% |
| Pharmaceuticals & Biotechnology | 6.4% |
| Chemicals & Petrochemicals | 5.0% |
| IT - Software | 5.0% |

## Managers

- [Sanjay Bembalkar](https://discovermf.com/fund-managers/sanjay-bembalkar), since 7 Jun 2021
- [Vinod Malviya](https://discovermf.com/fund-managers/vinod-malviya), since 1 Nov 2024

## 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.