MonitorDirect · GrowthWatch before adding
Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund
Union Mutual FundEquity Scheme - ELSS13.8 years
The scheme seeks to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.
- NAV
- 68.65
- 29 Oct 2026
- 1Y
- -6.3%
- Trailing CAGR
- AUM
- ₹821.19 Cr
- 30 Sept 2026
- Volatility
- Medium
- 15.3% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer Aditya Birla Sun Life ELSS Tax Saver Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Watch
1.71% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -35.4%. Ask whether you can hold through a similar fall.
Vs category
Fail
34% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Vinod Malviya · 2.0 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / lock-in
Watch
ELSS locks each installment for 3 years. Useful only if 80C is open on the old regime - otherwise locked equity.
Portfolio concentration
Pass
Top 10 holdings ≈ 31.0% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 35%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
ELSS lock-in
Every installment locks for 3 years. Only useful if 80C is still open on the old regime - otherwise it is locked equity, not a tax cut.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-6.3%
- 3Y+10.0%
- 5Y+9.1%
- 10Y+12.4%
- SI+12.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-3.7%
- 3Y+2.3%
- 5Y+8.4%
- 10Y+13.0%
- Since inception
- +12.6%
- Calendar-day CAGR
- Excess 1Y
- +1.3%
- Category median, same plan and option
- 3Y win rate
- +34%
- Windows beating the median
- 3Y percentile
- 44
- Vs comparable share classes
- SIP 3Y XIRR
- +2.3%
- Simulated monthly SIP
- Worst rolling 3Y
- -6.0%
- 2653 daily-ending windows
- Median rolling 3Y
- +13.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +99%
- 2160 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -35.4%
- Worst peak-to-trough
- Current
- -6.6%
- Below last peak
- Current spell
- 80 days
- Days below latest peak
- Time below peak
- +88%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 19 days
- 137 recovered episodes
- Longest recovery
- 523 days
- Trough to prior peak
19 Feb 2020 – 16 Sept 2020
Trough 23 Mar 2020 · recovered in 177 days
-35.4%
3 Mar 2015 – 24 Apr 2017
Trough 29 Feb 2016 · recovered in 420 days
-24.2%
23 Sept 2024 – 5 Aug 2026
Trough 28 Feb 2025 · recovered in 523 days
-18.3%
17 Jan 2022 – 24 Nov 2022
Trough 20 Jun 2022 · recovered in 157 days
-17.7%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
44
Vs category
58
Consistency
36
Risk-adjusted
50
Drawdown
12
Mean
40
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
No supporting reads in the current evidence set.
Portfolio
30 Sept 2026 · 84 holdings · top 10 are 31.0%.
- Top 5
- 20.8%
- Top 10
- 31.0%
- Largest holding
- 7.2%
- Effective holdings
- 49.4
ICICI Bank Ltd
Financial
7.2%
HDFC Bank Ltd
Financial
4.9%
Axis Bank Ltd
Financial
3.2%
Bharti Airtel Ltd
Technology
3.1%
Reliance Industries Ltd
Energy & Utilities
2.5%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life ELSS Tax Saver Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -7.3%
- 3Y
- +11.0%
- Vol
- 14.6%
- Max DD
- -35.1%
- Sharpe
- 0.53
- 3Y win
- +50%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Baroda BNP Paribas ELSS Tax Saver Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- -3.2%
- 3Y
- +14.2%
- Vol
- 13.9%
- Max DD
- -17.3%
- Sharpe
- 0.53
- 3Y win
- +99%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Parag Parikh ELSS Tax Saver Fund
PPFAS Mutual Fund
- 1Y
- -12.2%
- 3Y
- +8.5%
- Vol
- 13.6%
- Max DD
- -29.5%
- Sharpe
- 0.80
- 3Y win
- +81%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
SBI ELSS Tax Saver Fund
SBI Mutual Fund
- 1Y
- -9.0%
- 3Y
- +13.4%
- Vol
- 15.2%
- Max DD
- -38.2%
- Sharpe
- 0.60
- 3Y win
- +48%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Taurus ELSS Tax Saver Fund
Taurus Mutual Fund
- 1Y
- -6.8%
- 3Y
- +10.4%
- Vol
- 15.7%
- Max DD
- -35.0%
- Sharpe
- 0.46
- 3Y win
- +40%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER