Investment Objective and Approach

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

The fund follows a diversified investment approach with specific allocation requirements:

- Minimum investment in equity & equity related instruments - 80% of total assets (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance).

- Remaining allocation may include debt and money market instruments for portfolio balance

- The fund primarily invests in equity and equity related instruments in a given proportion as per the fund's mandate.

- Professional stock selection through in-depth analysis to maintain return expectations

- The lock-in period of three years helps the fund manager to take asset allocation decisions without the fear for frequent fund redemptions. This holistic approach may eventually lead to higher returns in the long run.

Key investment features include tax benefits under Section 80C with investments up to Rs 1.5 lakh eligible for tax deduction. The fund has a mandatory 3-year lock-in period, promoting disciplined long-term investing while providing potential for wealth creation through equity market exposure.

Fund Managers

The Union ELSS Tax Saver Fund is co-managed by experienced professionals:

Mr. Sanjay Bembalkar (Co-Head Equity since June 7, 2021):

- B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder

- Prior to joining Union Mutual Fund, he has worked with Canara Robeco Asset Management Company Ltd, LIC Mutual Fund, Quantum Advisors Pvt. Ltd and Autonomous Research LLP

- Over 16 years of experience in equity research and fund management

Mr. Vinod Malviya (Co-Fund Manager since November 01, 2024):

- Bachelors of Management Studies, Masters in Financial Management and CFA (Level-III cleared)

- Prior to joining Union Mutual Fund, he was associated with Florintree Advisors Pvt. Ltd., East India Securities Ltd. and Amit Nalin Securities Pvt. Ltd.

The fund management team combines extensive experience across equity research, portfolio management, and market analysis to deliver consistent performance aligned with the fund's investment objectives.

About the Fund House (AMC)

Union Mutual Fund, the investment wing of Union Bank of India, is one of the key drivers of the asset management sector in India for over a decade. The vision of the company is to provide opportunities to investors so that they can achieve sustainable prosperity by investing responsibly in the capital markets.

Key Facts:

- The AMC was set up on December 30, 2009, with the aim to formulate a robust asset management portfolio in India.

- Union Mutual Fund was initially co-sponsored by Union Bank of India and KBC Participations Renta, a 100% KBC Asset Management NV subsidiary. However, in September 2016, Union Bank of India (UBI) acquired all the shares held by KBC Participations Renta in Union AMC and Union Trustee Company Private Limited. As a result, Union Bank of India and Dai-ichi Life Holdings, Inc. became Co-sponsors of Union Mutual Fund.

- Union Mutual Fund manages assets worth 20851 crores and was set up on 2009-12-30. Its current offering of mutual fund schemes includes 68 debt, 48 equity, 36 hybrid, 9 other, 8 solution oriented funds.

The AMC operates with strong institutional backing and focuses on providing diversified investment solutions across various asset classes to meet different investor needs and risk profiles.

Should I Invest in Union ELSS Tax Saver Fund?

Union ELSS Tax Saver Fund may be suitable if you:

Fit the Investor Profile:

- Seek dual benefits of tax savings and long-term wealth creation

- Can remain invested for minimum 3-5 years due to mandatory lock-in

- Have moderate to high risk tolerance for equity market volatility

- Want tax deduction benefits up to Rs 1.5 lakh under Section 80C

Key Considerations:

- Tax Benefits: When you invest in Union MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this, the amount invested by you gets deducted from your taxable income. It reduces your overall tax liability.

- Lock-in Period: 3-year mandatory lock-in promotes disciplined investing

- Investment Flexibility: The minimum investment required to start investing in Union ELSS Tax Saver Fund is ₹500 for the lump sum option and ₹500 for the SIP (Systematic Investment Plan) option.

- Risk Profile: Union MF ELSS Funds carry moderately high to high market risk as compared to debt funds and balanced funds. The fund value may go up / down as and when the underlying stock price changes.

However, avoid if you need access to funds within 3 years or cannot tolerate equity market volatility. Consider your overall portfolio allocation and consult a financial advisor for personalized advice.

FAQs

What is today's NAV of Union ELSS Tax Saver Fund?

The NAV varies daily based on market conditions. You can check the latest NAV on the Union Mutual Fund website, Allvest platform, or other financial portals for real-time updates.

What is the AUM of Union ELSS Tax Saver Fund?

The fund currently has an Asset Under Management(AUM) of ₹20,541 Cr and the Latest NAV as of 17 Jul 2025 is ₹71.24. AUM figures are updated regularly and may vary.

What is the expense ratio of Union ELSS Tax Saver Fund?

The expense ratio differs between Direct and Regular plans, with Direct plans having lower expense ratios. Check the fund's fact sheet or Allvest platform for current expense ratio details.

What are the returns of Union ELSS Tax Saver Fund since inception?

Union ELSS Tax Saver Fund Direct-Growth scheme return performance in last 1 year is 4.84%, in last 3 years is 76.58% and 423.87% since scheme launch. Past performance doesn't guarantee future results.

What is the minimum SIP amount to invest in Union ELSS Tax Saver Fund?

The minimum investment required to start investing in Union ELSS Tax Saver Fund is ₹500 for the lump sum option and ₹500 for the SIP (Systematic Investment Plan) option.

How do I invest in Union ELSS Tax Saver Fund?

You can invest through Allvest platform online, directly from Union Mutual Fund website, or through registered mutual fund distributors. Complete your KYC requirements before investing.

How to start a SIP in Union ELSS Tax Saver Fund?

Register on Allvest platform, complete KYC, select the fund, choose SIP option, set investment amount and frequency. You can start with as low as ₹500 monthly SIP.

How do I automate an SIP in Union ELSS Tax Saver Fund?

Set up auto-debit mandate through Allvest platform using your bank account details. This ensures automatic monthly investments without manual intervention for hassle-free investing.

How can I withdraw/redeem my investment in Union ELSS Tax Saver Fund?

ELSS funds have 3-year mandatory lock-in from each investment date. After completion of lock-in, you can redeem through Allvest platform, AMC website, or your distributor. SIP investments have separate lock-in periods for each installment.