Union ELSS Tax Saver Fund

Q: What are the returns of this mutual fund scheme?

The Union ELSS Tax Saver Fund is a 14 yrs 2 m old fund and has delivered average annual returns of 13.99% since inception. Union ELSS Tax Saver Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.93% 14.56% 14.15% 13.38% 13.99%

Q: How much does this mutual fund charge as expense ratio?

The Union ELSS Tax Saver Fund has an expense ratio of 2.29% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹63.56-0.9% 1 day change	13.99% p.a.	App exclusive #NA View Ranked Funds	₹904 Cr

Historical NAV & returns

NAV: ₹63.56 as on Feb 02, 2026

This fund Category average

Union ELSS Tax Saver Fund overview

AUM (Fund size)	₹904 Cr
Exit load	0%
Lock-in Period	3 Years
Age	14 yrs 2 m since Nov 08, 2011
Benchmark	BSE 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	2.29% as on Feb 02, 2026
Plan type	Regular
Risk	Very High
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Union ELSS Tax Saver Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-5.09%	-5.09%
3 Months	-5.04%	-5.29%
6 Months	-1.35%	-1.99%
1 Year	6.93%	4.27%
2 Years	6.97%	7.05%
3 Years	14.56%	14.55%
4 Years	11.03%	10.59%
5 Years	14.15%	13.27%
7 Years	15.55%	13.3%
10 Years	13.38%	12.91%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 64.46%

Mid Cap 17.15%

Small Cap 17.3%

Other Cap 0%

Top holdings

HDFC Bank Ltd.7.48%

ICICI Bank Ltd.4.72%

Reliance Industries Ltd.4.48%

Bharti Airtel Ltd.4.01%

Top sectors

Financial 32.97%

Automobile 9.85%

Capital Goods 8.58%

Technology 7.359999999999999%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Reserve Bank of India 0.04%

Allocation by Instruments

Repo 1.65%

Treasury Bills 0.04%

Other Holdings

Others 1.65%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Union ELSS Tax Saver Fund	-5.09%	-1.35%	6.93%	14.56%	14.15%	13.38%
SBI ELSS Tax Saver Fund	-4.03%	1.2%	7.03%	22.96%	19.07%	15.9%
HDFC ELSS Tax Saver Fund	-3.92%	1.12%	9.5%	20.39%	19.23%	15.65%
Parag Parikh ELSS Tax Saver Fund	-4.08%	-2.6%	2.31%	14.99%	16.37%	11.86%
DSP ELSS Tax Saver Fund	-3.89%	2.46%	9.72%	19.42%	17.14%	16.87%
Franklin India ELSS Tax Saver Fund	-4.69%	-1.98%	3.8%	17.3%	15.72%	13.93%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Union ELSS Tax Saver Fund	12.03	0.9	0.74	1.05
SBI ELSS Tax Saver Fund	12.9	0.96	1.24	1.95
HDFC ELSS Tax Saver Fund	10.97	0.83	1.24	2.04
Parag Parikh ELSS Tax Saver Fund	9.45	0.69	0.95	1.49
DSP ELSS Tax Saver Fund	12.91	0.97	1.0	1.81
Franklin India ELSS Tax Saver Fund	12.32	0.94	0.91	1.34

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Union ELSS Tax Saver Fund	N.A.	904 Cr	14 yrs 2 m	2.29%
SBI ELSS Tax Saver Fund	N.A.	32,609 Cr	18 yrs 8 m	1.57%
HDFC ELSS Tax Saver Fund	N.A.	17,163 Cr	30 yrs 1 m	1.7%
Parag Parikh ELSS Tax Saver Fund	N.A.	5,915 Cr	6 yrs 6 m	1.72%
DSP ELSS Tax Saver Fund	N.A.	17,609 Cr	19 yrs 2 m	1.64%
Franklin India ELSS Tax Saver Fund	N.A.	6,693 Cr	26 yrs 9 m	1.83%

View all Elss funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.06 vs. 6.46 Underperformed at beating benchmark
Sharpe	0.74 vs. 5.08 Poor risk-adjusted returns
Beta	0.9 vs. 0.97 Less sensitive to market ups & downs
Standard deviation	12.03 vs. 12.69 More stable returns

Compare Union ELSS Tax Saver Fund in detail with

About this fund

About Union ELSS Tax Saver Fund

Union ELSS Tax Saver Fund is a ELSS mutual fund scheme from Union Mutual Fund. This fund has been in existence for 14 yrs 2 m, having been launched on 08/11/2011. Union ELSS Tax Saver Fund has ₹904 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Union ELSS Tax Saver Fund as of 02/02/2026 is ₹63.56. The fund has an expense ratio of 2.29%, which is higher than what most other Elss funds charge.

Union ELSS Tax Saver Fund returns of last 1-year are 6.43%. Since launch, it has delivered 13.99% average annual returns. The fund has doubled the money invested in it every 6 yrs.
Union ELSS Tax Saver Fund scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund has the majority of its money invested in Financial, Automobile, Capital Goods, Technology, Services sectors. It has taken less exposure in Financial, Automobile sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Bharti Airtel Ltd., Larsen & Toubro Ltd..

...

Fund AUM	904 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Sanjay Bembalkar

Mr. Bembalkar has done 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

Vinod Malviya

Mr. Malviya has done 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.

Investment objective

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

Union Mutual Fund details

No. of schemes	29 view all schemes
Total AUM	25,989 Cr as on Dec 31, 2025
Address	Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai, 400059
Email	investorcare@unionmf.com
Phone	(022) 6748 3300

More funds from Union Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Union Small Cap Fund	N.A.	1,744 Cr	4.48%	19.32%
Union Midcap Fund	N.A.	1,634 Cr	9.79%	19.14%
Union Value Fund	N.A.	371 Cr	9.53%	15.66%
Union Large & Midcap Fund	N.A.	943 Cr	6.78%	14.19%
Union Flexi Cap Fund	N.A.	2,402 Cr	6.0%	13.63%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Union ELSS Tax Saver Fund?

The current Net Asset Value (NAV) of the Union ELSS Tax Saver Fund plan is approximately ₹63.56 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Union ELSS Tax Saver Fund is a 14 yrs 2 m old fund and has delivered average annual returns of 13.99% since inception.

Union ELSS Tax Saver Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.93%	14.56%	14.15%	13.38%	13.99%

How much does this mutual fund charge as expense ratio?

The Union ELSS Tax Saver Fund has an expense ratio of 2.29%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Union ELSS Tax Saver Fund currently has assets under management (AUM) or fund size valued at approximately 904 Cr as on Dec 31, 2025.

What are the top stock holdings of Union ELSS Tax Saver Fund?

The Union ELSS Tax Saver Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	7.48%
ICICI Bank Ltd.	4.72%
Reliance Industries Ltd.	4.48%
Bharti Airtel Ltd.	4.01%
Larsen & Toubro Ltd.	3.45%
Infosys Ltd.	3.23%
State Bank of India	2.97%
Kotak Mahindra Bank Ltd.	2.7%
Maruti Suzuki India Ltd.	2.43%
Gabriel India Ltd.	2.35%

What are the top sectors Union ELSS Tax Saver Fund has invested in?

The Union ELSS Tax Saver Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	32.97%
Automobile	9.85%
Capital Goods	8.58%
Technology	7.359999999999999%
Services	6.029999999999999%
Healthcare	5.78%
Consumer Staples	5.390000000000001%
Energy	4.98%
Construction	4.97%
Communication	4.01%

What is risk level of Union ELSS Tax Saver Fund?

This is a Elss fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

Yes, this fund comes with a mandatory lock-in period of 3 years.

How can I redeem my investments in Union ELSS Tax Saver Fund?

Redeeming your investments in the Union ELSS Tax Saver Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in ELSS

#NA

Return Outperformance: This fund has generated highest return amongst ELSS funds in the last 10 Years.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.