NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Union ELSS Tax Saver Fund-Growth for NRI [65.39]

Min Investment

₹500

Fund Size

₹903.87 Cr

Expense Ratio

2.3%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

₹65.39

0.34%

NAV as on 04 Feb 26, 12:00 AM

very high risk

elss (tax savings)

elss

NAV as on 04 Feb 26, 12:00 AM

very high risk

elss (tax savings)

elss

8.35%p.a.

Last 1Y

15.62%p.a.

Last 3Y

14.55%p.a.

Last 5Y

14.21%p.a.

Since Inception

About Union ELSS Tax Saver Fund-Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Union ELSS Tax Saver Fund-Growth scheme from Union Asset Management Company Pvt. Ltd. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Dec 2011, Union ELSS Tax Saver Fund-Growth is ELSS (Tax Savings) fund of its category with 903.87 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.

  • Union ELSS Tax Saver Fund-Growth delivered 8.3% annual returns during the last year. It has delivered 14.2% average annual returns since the fund was launched.
  • Union ELSS Tax Saver Fund-Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in elss

Fund Objective

To generate income and long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities. However, there can be no assurance that the investment objective of the scheme will be achieved.

Top 10 Holdings

Repo

1.65%

Net Receivables

0.13%

GOVERNMENT OF INDIA 35322 364 DAYS TBILL 04DC25 FV RS 100

0.04%

GOVERNMENT OF INDIA 35321 182 DAYS TBILL 05JU25 FV RS 100

0.03%

Bluspring Enterprises Ltd

0.24%

Digitide Solutions Ltd

0.20%

Ajanta Pharma Ltd

0.88%

Axis Bank Ltd

1.78%

Bajaj Finance Ltd

1.60%

Balrampur Chini Mills Ltd

0.81%

Fund Managers

  1. Sanjay Bembalkar (Jun 2021 - Present)
  2. Vinod Malviya (Nov 2024 - Present)

Key Information

View Scheme Document

Union ELSS Tax Saver Fund-Growth SIP Calculator

If invested

₹5,000

per month

For a period of

Investment of ₹0 could have been

₹0(+0.0%)

₹0 (+0.0%)

This Fund

₹0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Union ELSS Tax Saver Fund-Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Union ELSS Tax Saver Fund-Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Union ELSS Tax Saver Fund-Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

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3Y Return

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very high risk | elss

0.0%

Axis ELSS Tax Saver Fund Pyt of Inc Dis cum Cap Wdrl

very high risk | elss

0.0%

Axis ELSS Tax Saver Fund-Growth

very high risk | elss

15.6%

Frequently Asked Questions

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Union Liquid Fund-Growth

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7.0%