About Union Long Term Equity Fund Direct - Dividend Payout
Union Long Term Equity Fund Direct - Dividend Payout is a Tax Saver
mutual fund scheme from Union Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Vinay Paharia
. It has an AUM of ₹227.76 Crores and the latest NAV decalared is ₹24.590 as on 06 Jul 2020 at 2:59 pm.
Union Long Term Equity Fund Direct - Dividend Payout scheme return performance in last 1 year is -4.80%, in last 3 years is 7.95% and 85.73% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.