UTI ELSS Tax Saver Fund - Regular Plan - Growth Option

UTI ELSS Tax Saver Fund - Regular Plan - Growth Option is a scheme launched by UTI Mutual Fund on July 30, 2005, and falls under the ELSS fund category. It currently manages an AUM of Rs 3,731.81 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 500. It charges an expense ratio of 1.9% for managing the portfolio.

• Investing Strategy:

  "The funds collected under the scheme shall be invested in equities, fully convertible debentures/bonds and warrants of companies. Investment may also be made in issues of partly convertible debentures/bonds including those issued on rights basis subject to the condition that, as far as possible, the non-convertible portion of the debentures/bonds so acquired or subscribed shall be disinvested within a period of twelve months from their acquisition."

• Performance:

  UTI ELSS Tax Saver Fund - Regular Plan - Growth Option trailing returns over different times are -4.78% (1 year), 11.76% (3 year) and 18.56% (5 year). The average annual return of this fund stands at 2.36%.