3 Year return

16.4%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹3614.56 Cr.

Expense Ratio

0.85% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
1

Ratings by other agencies

3
3
4

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

UTI Mutual Fund Managers

VS

Vetri Subramaniam

Fund Manager since Apr 2022

View Details

Fund House Details

UTI Mutual Fund

UTI Mutual Fund Asset management company

AUM ₹290,993.03 Cr.
No. of Schemes 250
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by UTI Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
18.37%
scheme logo

Hybrid . Aggressive Hybrid Fund

UTI Aggressive Hybrid Fund Direct Plan Growth

18.37%
6.31%

About UTI Long Term Equity Fund (Tax Saving) Direct Plan Growth

The UTI Long Term Equity Fund (Tax Saving) Direct Plan Growth is an Equity Linked Savings Scheme (ELSS) with an open-ended structure under the UTI Mutual Fund. With a preference for large-cap stocks, this tax-saving mutual fund primarily invests in equities and equity-related assets across the market capitalisation spectrum. The benchmark for this fund is NIFTY 500 Total Return Index.

Investment Objective of The Scheme

Investments made using the funds collected through the UTI Long Term Equity Fund (Tax Saving) Direct Plan Growth include company warrants, fully convertible bonds, and debentures. It employs a hybrid method of investing and favours businesses with reliable cash flow creation, sound financial standing, and fair prices. Furthermore, the fund adheres to a clear investing criteria that prevents overconcentration at the sector and stock level.

Key Features of The Fund

5-year return 18.47%
Expense Ratio 0.85%
Fund Manager Vetri Subramaniam
Fund Size ₹3614.56 Cr
Risk Profile Very High

Is This Scheme Right for Me?

If you are an investor seeking an equity-linked savings scheme that generates long-term capital growth, UTI Long Term Equity Fund (Tax Saving) Direct Plan Growth could be an option you could consider. This scheme has an ideal investment horizon of five years or more with a lock-in period of 3 years. The fund provides tax deduction up to the limits specified u/s 80C of the Income Tax Act, 1961. Nonetheless, before you invest, you must think of your individual and unique investment and financial goals.

AMC Contact Details

Name UTI Mutual Fund
Launch Date January 2003
Addresss First Floor, Unit No. 2, Block ‘B’, JVPD Scheme, Gulmohar Cross Road No. 9, Andheri (West), Mumbai – 400049.
Contact 1800 266 1230(+91) 022 6227 8000022 – 68990800
Email service@uti.co.in
Website https://www.utimf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Enhance the Creation of Long-Term Wealth With SIPs

SIP calculator online shows how SIP harnesses the power of compounding to grow your investments over time. Simply input your investment horizon and monthly contribution, and witness how SIP can pave the way to financial freedom and prosperity.

FAQs

What is today's NAV of UTI ELSS Tax Saver Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of UTI ELSS Tax Saver Fund Jun 11 2024 is 216.8054

What is the AUM of UTI ELSS Tax Saver Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of UTI ELSS Tax Saver Fund is 3614.56 crore.

What is the expense ratio of UTI ELSS Tax Saver Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of UTI ELSS Tax Saver Fund is 0.85%

What are the returns of UTI ELSS Tax Saver Fund since inception?

The UTI ELSS Tax Saver Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 15.35 since inception.

What is the minimum SIP amount to invest in UTI ELSS Tax Saver Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for UTI ELSS Tax Saver Fund is 500.

How do I invest in UTI ELSS Tax Saver Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in UTI ELSS Tax Saver Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in UTI ELSS Tax Saver Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in UTI ELSS Tax Saver Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.