Question 1

Which funds are similar to Union ELSS Tax Saver Fund Direct-Growth?

Accepted Answer

Funds similar to Union ELSS Tax Saver Fund Direct-Growth in the Equity: ELSS category include Axis ELSS Tax Saver Direct Plan-Growth, SBI ELSS Tax Saver Fund Direct-Growth, and Mirae Asset ELSS Tax Saver Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.

Question 2

What is the rank of Union ELSS Tax Saver Fund Direct-Growth in its category?

Accepted Answer

On a 3-year return basis Union ELSS Tax Saver Fund Direct-Growth is ranked 23 out of 38 funds in the Equity: ELSS category as of 16 Jul 2026. On a 5-year return basis it ranks 19 out of 33. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.

Question 3

How does Union ELSS Tax Saver Fund Direct-Growth's expense ratio compare to similar funds?

Accepted Answer

Union ELSS Tax Saver Fund Direct-Growth has an expense ratio of 1.68%. The peers Axis ELSS Tax Saver Direct Plan-Growth has an expense ratio of 1.05% and SBI ELSS Tax Saver Fund Direct-Growth has 1.23%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.

Question 4

How does Union ELSS Tax Saver Fund Direct-Growth's AUM compare to similar funds?

Accepted Answer

Union ELSS Tax Saver Fund Direct-Growth has an AUM of ₹856.82 crore. The peers Axis ELSS Tax Saver Direct Plan-Growth has an AUM of ₹31,869.3 crore and SBI ELSS Tax Saver Fund Direct-Growth has ₹31,839.3 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.

Question 5

Which fund has the best 3-year returns in the Equity: ELSS?

Accepted Answer

The top performing fund in the Equity: ELSS category on a 3-year basis is Motilal Oswal ELSS Tax Saver Fund Direct-Growth with a CAGR of 22.58% as of 16 Jul 2026. Union ELSS Tax Saver Fund Direct-Growth has delivered 12.33% CAGR over the same period, ranking 23 out of 38 funds. You can view and compare the full category ranking on sharpely.

Question 6

How does Union ELSS Tax Saver Fund Direct-Growth rank in risk-adjusted returns vs peers?

Accepted Answer

On a risk-adjusted basis, Union ELSS Tax Saver Fund Direct-Growth has a Sharpe ratio of 0.50 compared to the Equity: ELSS average of 0.54 as of 16 Jul 2026. It ranks 33 out of 50 funds in its category on Sharpe ratio.

Period	This Fund	Category Avg	Category Rank
1Y Return	+0.85%	-0.19%	18 / 40
3Y Return	+12.33%	13.28%	23 / 38
5Y Return	+12.48%	12.86%	19 / 33
10Y Return	+13.54%	14.37%	18 / 28

Union ELSS Tax Saver Fund Direct-Growth

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