Union Long Term Equity Fund - Growth Option
(Erstwhile Union Tax Saver Scheme - Growth Option)
| Category: Equity: ELSS |
| Launch Date: 23-12-2011 |
| Asset Class: Equity |
| Benchmark: S&P BSE 500 TRI |
| Expense Ratio: 2.51% As on (30-09-2019) |
| Status: Open Ended Schemes |
| Minimum Investment: 500.0 |
| Minimum Topup: 500.0 |
| Total Assets: 254.79 Cr As on (30-09-2019) |
| Turn over: 84% | Exit Load: 0.00% - 0 day |
24.52
0.16 (0.6525%)
12.16%
S&P BSE 500 TRI 11.12%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Investment Objective
The scheme seeks to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.
Current Asset Allocation (%)
Indicators
| Volatility | 13.45 |
| Sharp Ratio | 0.05 |
| Alpha | -0.56 |
| Beta | 0.92 |
| Yield to Maturity | - |
| Average Maturity | - |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| Union Long Term Equity Fund - Growth Option | 23-12-2011 | 9.46 | 2.87 | 5.33 | 5.73 | - |
| JM Tax Gain Fund - Growth option | 31-03-2008 | 17.99 | 4.93 | 10.53 | 11.65 | 9.87 |
| Axis Long Term Equity Fund - Growth | 29-12-2009 | 16.53 | 8.73 | 12.37 | 13.11 | - |
| BNP Paribas Long Term Equity Fund - Growth Option | 05-01-2006 | 15.09 | 2.28 | 7.93 | 8.99 | 12.0 |
| DSP Tax Saver Fund - Regular Plan - Growth | 05-01-2007 | 14.89 | 3.32 | 8.2 | 11.52 | 12.95 |
| Tata India Tax Savings Fund-Growth-Regular Plan | 13-10-2014 | 12.94 | 2.25 | 8.53 | 12.49 | - |
| LIC MF Tax Plan-Regular Plan-Growth | 31-03-1997 | 12.59 | 6.08 | 9.31 | 9.86 | 9.37 |
| Canara Robeco Equity Taxsaver Fund - Regular Plan - Growth | 31-03-1993 | 11.15 | 7.04 | 9.58 | 9.17 | 12.02 |
| Motilal Oswal Long Term Equity Fund (MOFLTE) - Regular Plan - Growth Option | 21-01-2015 | 10.81 | 1.28 | 9.15 | - | - |
| Kotak Tax Saver-Scheme-Growth | 23-11-2005 | 10.56 | 3.02 | 7.83 | 10.78 | 10.22 |
Scheme Characteristics
Minimum investment in equity & equity related instruments - 80% of total assets (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance).
Riskometer
PORTFOLIO
Market Cap Distribution
Small Cap
9.53%
Others
5.49%
Large Cap
72.56%
Mid Cap
12.9%
Scheme Documents
There are no scheme documents available
Tax Benefits of investing in this fund
Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#
Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.
Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **
# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund
