Fundalysisby DARKHORSESTOCKS

Scheme

Union ELSS Tax Saver Fund

Holds 79 companies worth ₹862 Cr in Aug 2026.

  • Fund house

    UnionThe fund house that runs this scheme.

  • AUM

    ₹821 CrUnion ELSS Tax Saver Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.8% on Aug 2026, ₹872 Cr.

  • Largest holding

    ICICI BankICICI Bank is 7.4% of this scheme's NAV.

  • Fund manager

    Sanjay BembalkarRuns its co-manager part since 7 Jun 2021, as the fund house dates it. With Vinod Malviya (co-manager).

Overview(6 Oct 2026)

Fund managers2

  1. Sanjay BembalkarCo-manager · Jun 2021 · 18y · CA CFA B.Com
  2. Vinod MalviyaCo-manager · Nov 2024 · 17y
  1. Hardick BoraJan 2023 – Nov 2024

Key facts

Benchmark
BSE 500 Index (TRI)
Risk
Very High
Expense
Regular 2.61% · Direct 1.7%
Exit load
Nil
Started
23 Dec 2011
Minimum
₹500

Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

What changed(78 changes)

Oct 2026

1 change
  1. Expense ratio
    5 OctRegular 2.65% → 2.61%Direct 1.74% → 1.7%

Sept 2026

3 changes

Aug 2026

4 changes
  1. Category
    31 AugELSS → Equity Scheme: ELSS Tax Saver Fund

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Jun 2021 – now)

  1. Sanjay Bembalkar
  2. Vinod Malviya
  3. Hardick Bora
MainCoSlice20222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
59 changesRegularDirectΔ pt
5 Oct 20262.61%1.70%0.04
28 Sept 20262.65%1.74%0.01
15 Sept 20262.64%1.73%0.01
6 Sept 20262.61%1.72%0.01
26 Aug 20262.63%1.73%0
9 Aug 20262.62%1.73%0
2 Aug 20262.64%1.73%0.04
26 Jul 20262.58%1.69%0.01
20 Jul 20262.57%1.68%0
15 Jul 20262.58%1.68%0.01
9 Jul 20262.57%1.69%0.01
6 Jul 20262.57%1.68%0.01
23 Jun 20262.57%1.67%0.01
18 Jun 20262.57%1.68%0.24
1 Jun 20262.33%1.44%0.02
28 May 20262.29%1.42%0.02
24 May 20262.29%1.44%0.79
18 May 20263.08%2.23%0.66
12 May 20262.42%1.57%0.20
11 May 20262.62%1.77%0.46
5 May 20263.09%2.23%0.33
28 Apr 20262.77%1.90%0.47
26 Apr 20262.30%1.43%0.25
22 Apr 20262.55%1.68%0.33
16 Apr 20262.87%2.01%0.05
9 Apr 20262.82%1.96%0.50
7 Apr 20262.32%1.46%0.07
19 Mar 20262.35%1.39%0.01
16 Mar 20262.34%1.38%0.04
9 Mar 20262.31%1.34%0
4 Mar 20262.30%1.34%0.02
8 Jan 20262.28%1.32%0.02
4 Jan 20262.26%1.30%0.08
7 Dec 20252.28%1.38%0.01
18 Nov 20252.27%1.37%0.01
23 Oct 20252.26%1.36%0.01
29 Sept 20252.27%1.37%0.01
17 Sept 20252.26%1.36%0.01
5 Sept 20252.27%1.37%0.01
29 Aug 20252.28%1.38%0.02
3 Jul 20252.26%1.36%0.01
20 May 20252.27%1.37%0.01
25 Apr 20252.28%1.38%0.01
21 Apr 20252.29%1.39%0.01
16 Apr 20252.30%1.40%0.01
11 Apr 20252.32%1.41%0.09
7 Apr 20252.29%1.32%0.01
2 Apr 20252.29%1.33%0.13
7 Mar 20252.35%1.46%0.01
14 Feb 20252.34%1.45%0.02
3 Feb 20252.32%1.43%0.01
29 Jan 20252.33%1.44%0.02
16 Jan 20252.31%1.42%0.03
13 Jan 20252.28%1.39%0.01
8 Jan 20252.27%1.38%0.01
2 Jan 20252.26%1.37%0.04
31 Oct 20242.25%1.33%0.01
23 Aug 20242.24%1.32%0.05
20 Aug 20242.24%1.27%–
Direct plan, 5 Oct 2026
1.70%
Regular plan 2.61% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(6 Oct 2026)

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.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended scheme with attributes in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance.
Benchmark
BSE 500 Index (TRI)

Asset allocation it may hold% of NAV

  1. Equity & Equity related instruments
    Allowed80–100%Holds98.8%
  2. Money Market Instruments, Other Liquid Instruments and other assets as permitted by SEBI
    Allowed0–20%Holds1.2%

Holds in Aug 2026.98.8% equity · 1.2% debt and cash

How to invest(6 Oct 2026)

Buying

To start
₹500, then in multiples of ₹500
To add
₹500, then in multiples of ₹500
Most
No Limit
Systematic
SIP - Daily/Weekly/Fortnightly and Monthly, SWP - Daily/ Monthly/ Quarterly/ Half Yearly and Yearly, STP - Daily/ Weekl/ Fortnightly/ Monthly/ Quarterly and Half Yearly
Dates
SIP - Daily (only business days) for Daily frequency, any date of the month for weekly, fortnightly and monthly frequency, STP - Daily (only business days) for Daily frequency, Monday to Friday for weekly frequency, Every Alternate Wednesday for fortnightly frequency and Any date of the month for monthly, quarterly and half yearly frequency, SWP - Daily (Only Business days) for Daily Frequency and any date of the month for monthly, quarterly, half yearly and yearly frequency
Minimum
SIP - Rs. 500 (for daily frequency) /Rs. 500 (for weekly frequency)/ Rs. 500 (for fortnightly frequency)/ Rs. 500 (for monthly frequency), SWP - Rs. 500, STP - Rs. 500, then sIP - in multiples of Rs. 500, SWP - in multiples of Rs. 1, STP - in multiples of Rs. 1
Instalments
SIP - 6 instalments for all frequencies, STP - 6 instalments for all frequencies, SWP - 6 instalments for all frequencies
Most
SIP - Not applicable, STP - Not applicable, SWP - Not applicable

Selling and switching

To redeem
₹500 or Units Equivalent to Rs. 500 units
Switch minimum
Switch in:Rs. 500 Switch out: Rs. 500 or Switch in: Units equivalent to Rs. 500 Switch out: Units equivalent to Rs. 500 units
Switch multiples
Switch in: in multiples of Rs. 500 Switch out: in multiples of Rs. 1 or Switch in: Units equivalent to Rs. 500 Switch out: Units equivalent to Rs. 1 units

Scheme details(6 Oct 2026)

What it is

Category
Equity Scheme: ELSS Tax Saver Fund
Offer
8 Nov 2011 to 16 Dec 2011
Started
23 Dec 2011
Reopened
30 Dec 2011
Plans
Direct Plan - Growth Option · Direct Plan - Payout of Income Distribution cum Capital Withdrawal Option · Regular Plan - Growth Option · Regular Plan - Payout of Income Distribution cum Capital Withdrawal Option.
Face value
₹10
Listed
The Scheme being an open ended Scheme it is not proposed to be listed on any stock exchange. However, the Trustee reserves the right to list the units of the Scheme on any stock exchange(s) at its sole discretion at a later date.

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
SBI-SG Global Securities Services Private Limited.
Auditor
M/s S.R Batliboi & Co. LLP
Registrar
Computer Age Management Services Limited (CAMS)
SEBI code
UNIN/O/E/ELS/11/08/0003