Which funds are similar to Union ELSS Tax Saver Fund Direct-Growth?
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.
What is the rank of Union ELSS Tax Saver Fund Direct-Growth in its category?
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.
How does Union ELSS Tax Saver Fund Direct-Growth's expense ratio compare to similar funds?
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.
How does Union ELSS Tax Saver Fund Direct-Growth's AUM compare to similar funds?
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.
Which fund has the best 3-year returns in the Equity: ELSS?
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.
How does Union ELSS Tax Saver Fund Direct-Growth rank in risk-adjusted returns vs peers?
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.
