UTI ELSS Tax Saver Fund - Regular Plan - IDCW

ELSS NAV 32.574 0 07 December, 2023

UTI Long Term Equity Fund (Dividend), which is a tax-saving plan to invest in India to save taxes under Section 80C, is the best investment plan if you are looking for earning a regular dividend. Being an ELSS investment plan, it is aimed at providing the benefits of income tax deduction along with capital appreciation through investments made in multi-cap stocks in India. The performance UTI Equity Tax Saving Fund in India is known for its efficiency and worthiness for the portfolio to help one in gaining maximum advantages of tax savings and capital growth at the same time.

Fund Details

Category ELSS
Fund Type Open Ended
Investment Plan Dividend
Launch Date 19 July, 2010
Benchmark S&P BSE 200 TRI
Asset Size(Cr) 2883.2424
ISIN No. INF789F01521
Turn over 23%
Min Investment ₹ 500
Min SIP Investment ₹ 500
Min Addl Investment ₹ 500
Exit Load Nil
Expense Ratio 1.92
Fund Manager Vishal Chopda
Fund House UTI Mutual Fund

Investment Returns (As on 07 Dec, 2023)

Duration Returns Benchmark Category
1 W -0.78% 1.58% 1.68%
1 M -1.23% 4.02% 3.64%
3 M 3% 1.44% 1.64%
6 M 17.07% 0.35% -0.87%
1 Y 11.24% 7.25% 5.63%
2 Y 8.05% 12.49% 11.19%
3 Y 19.98% 23.79% 23.4%
5 Y 14.93% 12.46% 9.95%

Risk Mesasures (As on 07 Dec, 2023)

Std Dev Sharpe Beta Alpha
Fund 13.5 0.75 -4.1 1.2
Benchmark 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 30 Oct, 2023)

Assets Allocation

Sector Holdings
Others 1.38%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
UTI ELSS Tax Saver Fund - Regular Plan - IDCW 11.24% 19.98% 14.93%
ICICI Prudential ELSS Tax Saver Fund (Tax Saving) - Growth 13.77% 22.57% 14.68%
Mirae Asset Tax Saver Fund-Regular Plan-Growth 16.1% 21.49% 17.75%
Axis ELSS Tax Saver Fund - Regular Plan - Growth 9.41% 14.92% 12.84%
ADITYA BIRLA SUN LIFE ELSS TAX SAVER FUND - Growth Option 10.11% 11.45% 8.84%

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UTI Equity Tax Savings Plan Dividend: Appreciating Capital with Tax Savings

UTI Equity Fund is one of the best-performing UTI Mutual Fund schemes designed in order to provide capital growth to the investors along with tax-saving solutions. It is an ELSS fund which offers tax exemption under section 80C of Income Tax Act. Among the various strategies of this category, UTI Equity Tax Saving Plan is the one which holds the third rank as per rating assigned by CRISIL for the quarter ended in June 2016.

UTI Equity Tax Saving Plan was launched in December 1999 and is renamed as UTI Long Term Equity Plan w.e.f., December 2015. The investment objective of uti tax saver scheme is to invest in equities, fully convertible debentures/bonds and warrants of companies. UTI equity tax saver fund has invested the funds in the partly convertible debentures or bonds as well; wherein there is a condition that the non-convertible portion of the debentures shall be disinvested within a period of twelve months from acquisition. In order to provide you with an insight of this strategy, here we provide a synopsis of uti tax saver fund you must follow to get an overview of the same.

UTI Tax Saver Fund: Investment Strategy

This scheme is designed to offer dual benefit of tax saving and higher returns. UTI tax saver fund plan capacitates the ability to fulfil the financial goals of investors. It offers the dividend option of investment to the investors which help them generate regular income and hence attain financial stability. Being an open-ended plan, it offers the flexibility of redeeming the funds as per the requirement. A minimum amount of Rs.500 is required to initiate investment in this strategy. One can opt for either SIP plan or make lump sum payment for investing in UTI tax saver dividend mutual fund scheme. The tax exemption that can be availed under section 80C of Income Tax Act is up to Rs.1,50000. By investing around 80% funds in the equity and equity-related instruments, the uti equity tax saving scheme offers high growth potential.

UTI Equity Tax Saving Plan Fund: Performance Evaluation

The track record of the uti tax saver fund scheme in terms of returns shows a remarkable market performance, whereby it offers 19.80% and 14.70% returns for three- and five-year investment horizon. Furthermore, the absolute returns offered in the past years have also been substantial in catering the growth needs of investors.

UTI Tax Saver NAV as on October 3rd, 2016 amounted to Rs.19.840. Its NAV has always been appreciating the worth of investment. In addition, with the dividend option, it has offered high rate dividends as well in the past years. The last dividend declared as on January 25, 2016, was 25% of the face value, i.e., Rs.2.50 per unit. Thus, it can be concluded that it is performing immensely to offer profits to the investors in order to enhance their capital worth. The three-star rating and third rank under ELSS have proved its efficient market possession. These are the reasons, why UTI Equity Tax Saving Fund is among the best mutual funds in India.

UTI Tax Saver: Portfolio Review

UTI equity tax saving scheme holds an asset size of Rs.713 crore as on August 31, 2016, of which 91.89% is put in equity funds, while the remaining 7.97% is invested in the cash or instruments to provide diversification. As per the market capitalisation, the asset allocation graph depicts that 63% is invested in large-cap, 26% in mid and the remaining 11% have been invested in the small-cap companies.
The major sectors where the funds have been allotted by UTI Equity tax saving fund plan include banking & finance, consumer goods, automobile, information technology and energy. The top holdings of UTI equity tax saving plan in whose securities the money is being invested are among the top entities in the country. They include:

  1. Asian Paints Ltd.
  2. ITD Cementation India Ltd.
  3. Oil & Natural Gas Corporation Ltd.
  4. Indian Oil Corporation Ltd.
  5. Bharat Electronics Ltd.

So, investors who are seeking long term investment in the companies that have high-growth potential and can bear a moderately high level of risk can opt for this strategy. UTI Equity Fund along with dividend and growth shall help in managing the taxes as well. Accordingly, UTI tax saver fund is among the must-have schemes for a worthwhile portfolio. You can invest your money in uti equity tax saver plan d to attain the desired returns and financial soundness.

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Saving taxes is the most important financial objective for me as I want to reduce my tax liability anyhow. ELSS attracted me towards itself because of the dual advantage it offers that is capital growth and tax benefits. I invested in UTI Equity Tax Savings Plan (D) by availing the online investing services of MySIPonline and impressed with the solutions they offered. Easy investing, simple interface, instant response, and much more. Everything is just fantastic. Thanks, guys.
Abhishek Rathode
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