About Union Long Term Equity Fund Direct-Growth
Union Long Term Equity Fund Direct-Growth 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 ₹26.500 as on 21 Nov 2019 at 9:00 pm.
Union Long Term Equity Fund Direct-Growth scheme return performance in last 1 year is 13.06%, in last 3 years is 38.31% and 100.15% 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.