Previously Known As : Union Tax Saver Scheme
Union Long Term Equity Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 19
BMSMONEY Rating
Gro. Opt. As On: 26-07-2024
NAV ₹64.22(R) +1.47% ₹69.12(D) +1.47%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 33.37% 19.32% 22.4% 15.97% 13.54%
LumpSum (D) 34.55% 20.33% 23.25% 16.72% 14.35%
SIP (R) 39.46% 25.16% 23.7% 20.35% 16.82%
SIP (D) 40.7% 26.22% 24.67% 21.17% 17.6%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.95 0.51 0.9 1.59% 0.13
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
12.05% -12.6% -11.42% 0.88 8.44%
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
SBI Long Term Equity Fund 1
HDFC Taxsaver 2
Motilal Oswal Long Term Equity Fund (Moflte) 3
Quant Tax Plan 4
JM Tax Gain Fund 5
Bank Of India Tax Advantage Fund 6
ITI Long Term Equity Fund 7
Kotak Tax Saver Fund 8

NAV Date: 26-07-2024

Scheme Name NAV Rupee Change Percent Change
Union Long Term Equity Fund - IDCW Option 35.9
0.5200
1.4700%
Union Long Term Equity Fund - Growth Option 64.22
0.9300
1.4700%
Union Long Term Equity Fund - Direct Plan - IDCW Option 69.12
1.0000
1.4700%
Union Long Term Equity Fund - Direct Plan - Growth Option 69.12
1.0000
1.4700%

Review Date: 26-07-2024

Union Long Term Equity Fund has exhibited average performance in the ELSS (Tax Saving) Fund category. The fund has rank of 19 out of 35 funds in the category. The fund has delivered return of 33.37% in 1 year, 19.32% in 3 years, 22.4% in 5 years and 13.54% in 10 years. The category average for the same periods is 39.91%, 20.18%, 21.58% and 15.77% respectively, which shows good return performance of fund in the category. The fund has exhibited standard deviation of 12.05, VaR of -12.6, Average Drawdown of -4.4, Semi Deviation of 8.44 and Max Drawdown of -11.42. The category average for the same parameters is 12.84, -14.08, -5.31, 8.98 and -12.33 respectively. The fund has very low risk in the category.

Key Points:

  1. An investment of ₹10,000 in Union Long Term Equity Fund direct growth option would have grown to ₹13455.0 in 1 year, ₹17424.0 in 3 years and ₹28444.0 in 5 years as of today (26-07-2024).
  2. An SIP of ₹1,000 per month in Union Long Term Equity Fund direct growth option would have grown to ₹14498.0 in 1 year, ₹52586.0 in 3 years and ₹110474.0 in 5 years as of today (26-07-2024).
  3. standard deviation of 12.05 and based on VaR one can expect to lose more than -12.6% of current value of fund in one year.
  4. Sharpe ratio of the fund is 0.95 which shows good performance of fund in the elss (tax saving) fund category.
  5. The fund has R-square of 0.92, Beta of 0.88 and Jensen's Alpha of 1.59% which exhibit good performance in the elss (tax saving) fund category .


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 3.41
3.56
1.50 | 6.29 18 | 35 Good
3M Return % 9.63
11.56
8.82 | 16.41 30 | 35 Poor
6M Return % 16.26
20.14
15.39 | 27.68 32 | 35 Poor
1Y Return % 33.37
39.91
24.44 | 56.46 30 | 35 Poor
3Y Return % 19.32
20.18
11.54 | 28.89 18 | 33 Good
5Y Return % 22.40
21.58
15.49 | 35.49 12 | 32 Good
7Y Return % 15.97
15.52
11.28 | 24.66 11 | 29 Good
10Y Return % 13.54
15.77
13.22 | 24.50 21 | 22 Poor
1Y SIP Return % 39.46
48.01
33.64 | 64.79 32 | 35 Poor
3Y SIP Return % 25.16
28.05
20.20 | 39.75 24 | 33 Average
5Y SIP Return % 23.70
24.53
17.21 | 36.79 16 | 32 Good
7Y SIP Return % 20.35
20.43
14.42 | 31.24 13 | 29 Good
10Y SIP Return % 16.82
17.71
13.37 | 26.65 12 | 22 Good
Standard Deviation 12.05
12.84
9.92 | 15.90 7 | 33 Very Good
Semi Deviation 8.44
8.98
7.11 | 11.38 9 | 33 Very Good
Max Drawdown % -11.42
-12.33
-22.81 | -6.28 15 | 33 Good
VaR 1 Y % -12.60
-14.08
-20.17 | -11.38 8 | 33 Very Good
Average Drawdown % -4.40
-5.31
-9.27 | -2.58 8 | 33 Very Good
Sharpe Ratio 0.95
0.93
0.24 | 1.57 13 | 33 Good
Sterling Ratio 0.90
0.91
0.34 | 1.63 17 | 33 Good
Sortino Ratio 0.51
0.50
0.15 | 0.91 13 | 33 Good
Jensen Alpha % 1.59
2.49
-9.30 | 12.87 17 | 33 Good
Treynor Ratio 0.13
0.13
0.03 | 0.22 16 | 33 Good
Modigliani Square Measure % 21.04
20.43
9.38 | 30.04 14 | 33 Good
Alpha % -0.91
0.83
-9.61 | 11.32 23 | 33 Average
Return data last Updated On : July 26, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 28, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 3.50 3.65 1.60 | 6.34 17 | 35
3M Return % 9.85 11.86 9.08 | 16.66 31 | 35
6M Return % 16.76 20.78 16.31 | 28.51 32 | 35
1Y Return % 34.55 41.42 26.33 | 58.34 30 | 35
3Y Return % 20.33 21.54 12.42 | 29.75 21 | 33
5Y Return % 23.25 22.94 16.48 | 37.72 13 | 32
7Y Return % 16.72 16.75 12.31 | 26.32 13 | 29
10Y Return % 14.35 16.76 14.09 | 25.77 20 | 23
1Y SIP Return % 40.70 49.61 35.65 | 65.93 32 | 35
3Y SIP Return % 26.22 29.41 21.08 | 40.65 26 | 33
5Y SIP Return % 24.67 25.87 18.11 | 38.88 19 | 32
7Y SIP Return % 21.17 21.64 15.35 | 33.13 14 | 29
10Y SIP Return % 17.60 18.69 14.35 | 28.13 12 | 23
Standard Deviation 12.05 12.84 9.92 | 15.90 7 | 33
Semi Deviation 8.44 8.98 7.11 | 11.38 9 | 33
Max Drawdown % -11.42 -12.33 -22.81 | -6.28 15 | 33
VaR 1 Y % -12.60 -14.08 -20.17 | -11.38 8 | 33
Average Drawdown % -4.40 -5.31 -9.27 | -2.58 8 | 33
Sharpe Ratio 0.95 0.93 0.24 | 1.57 13 | 33
Sterling Ratio 0.90 0.91 0.34 | 1.63 17 | 33
Sortino Ratio 0.51 0.50 0.15 | 0.91 13 | 33
Jensen Alpha % 1.59 2.49 -9.30 | 12.87 17 | 33
Treynor Ratio 0.13 0.13 0.03 | 0.22 16 | 33
Modigliani Square Measure % 21.04 20.43 9.38 | 30.04 14 | 33
Alpha % -0.91 0.83 -9.61 | 11.32 23 | 33
Return data last Updated On : July 26, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 28, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 1.47 ₹ 10,147.00 1.47 ₹ 10,147.00
1W 1.63 ₹ 10,163.00 1.63 ₹ 10,163.00
1M 3.41 ₹ 10,341.00 3.50 ₹ 10,350.00
3M 9.63 ₹ 10,963.00 9.85 ₹ 10,985.00
6M 16.26 ₹ 11,626.00 16.76 ₹ 11,676.00
1Y 33.37 ₹ 13,337.00 34.55 ₹ 13,455.00
3Y 19.32 ₹ 16,989.00 20.33 ₹ 17,424.00
5Y 22.40 ₹ 27,468.00 23.25 ₹ 28,444.00
7Y 15.97 ₹ 28,204.00 16.72 ₹ 29,513.00
10Y 13.54 ₹ 35,618.00 14.35 ₹ 38,230.00
15Y ₹ ₹

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 39.46 ₹ 14,425.55 40.70 ₹ 14,498.44
3Y ₹ 36000 25.16 ₹ 51,834.38 26.22 ₹ 52,585.70
5Y ₹ 60000 23.70 ₹ 107,948.46 24.67 ₹ 110,474.22
7Y ₹ 84000 20.35 ₹ 173,461.60 21.17 ₹ 178,632.05
10Y ₹ 120000 16.82 ₹ 290,095.56 17.60 ₹ 302,620.80
15Y ₹ 180000 ₹ ₹


Date NAV Regular Growth NAV Direct Growth
26-07-2024 64.22 69.12
25-07-2024 63.29 68.12
24-07-2024 63.53 68.37
23-07-2024 63.05 67.86
22-07-2024 63.19 68.01
19-07-2024 62.82 67.6
18-07-2024 63.84 68.7
16-07-2024 63.96 68.83
15-07-2024 63.97 68.83
12-07-2024 63.72 68.56
11-07-2024 63.42 68.23
10-07-2024 63.43 68.24
09-07-2024 63.65 68.48
08-07-2024 63.48 68.29
05-07-2024 63.59 68.41
04-07-2024 63.47 68.28
03-07-2024 63.36 68.15
02-07-2024 62.9 67.66
01-07-2024 62.89 67.64
28-06-2024 62.39 67.11
27-06-2024 62.3 67.01
26-06-2024 62.1 66.78

Fund Launch Date: 08/Nov/2011
Fund Category: ELSS (Tax Saving) Fund
Investment 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.
Fund Description: An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Fund Benchmark: S&P BSE 500 Index (Total Return Index)
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.