About Union Long Term Equity Fund Direct-Dividend Reinvestment
Union Long Term Equity Fund Direct-Dividend Reinvestment 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 managers Anshul Mishra
and Vinay Paharia
. It has an AUM of ₹262.64 Crores and the latest NAV decalared is ₹26.440 as on 15 Nov 2019 at 8:45 pm.
Union Long Term Equity Fund Direct-Dividend Reinvestment scheme return performance in last 1 year is 12.70%, in last 3 years is 35.87% and 99.70% 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.