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ELSS (tax saving) · Union Mutual Fund · AMFI code 116051Union ELSS Tax Saver Fund
Disclosed for 5 months, May 2026 to Sep 2026.Published as: UNION ELSS TAX SAVER FUND
Portfolio value
₹821 Cr
down ₹50.7 Cr vs Aug 2026
- Stocks held
- 81
- up 2 vs Aug 2026
- Top 10 weight
- 31.0%
- of the portfolio in its ten largest
- Cash & debt
- 1.1%
- cash, money market and debt
- Moves this month
- 3 in · 1 out
- added to 10, trimmed 57
Union ELSS Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from Union Mutual Fund. In September 2026 it disclosed 81 stocks worth ₹821 Cr, down ₹50.7 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (7.2%), HDFC Bank Limited (4.9%), Axis Bank Limited (3.2%); the ten largest together made up 31.0% of the portfolio, and Banks was the biggest sector at 22.0% of its equity. Cash and debt stood at 1.1%. Compared with Aug 2026 the fund entered 3 new stocks and exited 1.
Against 46 other ELSS (tax saving) funds
Concentration
11%
Top-10 weight is higher than 11% of peers
Breadth
89%
Holds more stocks than 89% of peers
Cash
9%
Holds more cash than 9% of peers
What these mean: concentration · cash
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 7.17% | down 0.26 pts | ₹58.8 Cr | down ₹5.9 Cr | Trimmed |
| HDFC Bank Limited | 4.92% | up 0.28 pts | ₹40.4 Cr | down ₹2 L | Held |
| Axis Bank Limited | 3.18% | up 0.17 pts | ₹26.1 Cr | down ₹12 L | Held |
| Bharti Airtel Limited | 3.08% | up 0.09 pts | ₹25.3 Cr | down ₹79 L | Trimmed |
| Reliance Industries Limited | 2.46% | down 0.03 pts | ₹20.2 Cr | down ₹1.5 Cr | Trimmed |
| Larsen & Toubro Limited | 2.10% | down 0.03 pts | ₹17.3 Cr | down ₹1.3 Cr | Trimmed |
| JSW Infrastructure Ltd | 2.08% | up 0.21 pts | ₹17.1 Cr | up ₹79 L | Added |
| Eternal Limited | 2.05% | up 0.07 pts | ₹16.9 Cr | down ₹43 L | Trimmed |
| Gabriel India Limited | 1.98% | down 0.34 pts | ₹16.3 Cr | down ₹4 Cr | Trimmed |
| One 97 Communications Limited | 1.97% | up 0.07 pts | ₹16.2 Cr | down ₹38 L | Trimmed |
| State Bank of India | 1.85% | down 0.07 pts | ₹15.2 Cr | down ₹1.6 Cr | Trimmed |
| Jindal Steel & Power Limited | 1.81% | up 0.08 pts | ₹14.8 Cr | down ₹22 L | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.80% | down 0.11 pts | ₹14.8 Cr | down ₹1.9 Cr | Trimmed |
| Solar Industries India Limited | 1.79% | down 0.09 pts | ₹14.7 Cr | down ₹1.7 Cr | Trimmed |
| CG Power and Industrial Solutions Limited | 1.78% | down 0.02 pts | ₹14.6 Cr | down ₹1.1 Cr | Trimmed |
| JSW Energy Limited | 1.68% | up 0.02 pts | ₹13.8 Cr | down ₹72 L | Trimmed |
| Ajanta Pharma Limited | 1.68% | up 0.11 pts | ₹13.8 Cr | up ₹7 L | Added |
| Sai Life Sciences Limited | 1.56% | up 0.15 pts | ₹12.8 Cr | up ₹54 L | Added |
| Maruti Suzuki India Limited | 1.53% | down 0.10 pts | ₹12.6 Cr | down ₹1.7 Cr | Trimmed |
| Ujjivan Small Finance Bank Limited | 1.50% | down 0.26 pts | ₹12.4 Cr | down ₹3.1 Cr | Trimmed |
| LG Electronics India Ltd | 1.44% | up 0.10 pts | ₹11.8 Cr | up ₹18 L | Added |
| Sona BLW Precision Forgings Limited | 1.43% | up 0.11 pts | ₹11.7 Cr | up ₹24 L | Added |
| The Phoenix Mills Limited | 1.42% | up 0.11 pts | ₹11.7 Cr | up ₹21 L | Added |
| UNO Minda Limited | 1.41% | down 0.04 pts | ₹11.6 Cr | down ₹1 Cr | Trimmed |
| Bharat Heavy Electricals Limited | 1.39% | down <0.01 pts | ₹11.4 Cr | down ₹75 L | Trimmed |
| Tech Mahindra Limited | 1.38% | up 0.13 pts | ₹11.4 Cr | up ₹45 L | Added |
| Balrampur Chini Mills Limited | 1.33% | up 0.02 pts | ₹10.9 Cr | down ₹51 L | Trimmed |
| Data Patterns (India) Limited | 1.26% | up 0.01 pts | ₹10.3 Cr | down ₹57 L | Trimmed |
| Aether Industries Ltd. | 1.23% | up 0.08 pts | ₹10.1 Cr | up ₹5 L | Held |
| Aarti Industries Limited | 1.20% | down 0.05 pts | ₹9.9 Cr | down ₹1 Cr | Trimmed |
| Max Financial Services Limited | 1.17% | down 0.36 pts | ₹9.6 Cr | down ₹3.8 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 1.11% | up 0.06 pts | ₹9.1 Cr | down ₹5 L | Trimmed |
| RBL Bank Limited | 1.11% | up 0.30 pts | ₹9.1 Cr | up ₹2 Cr | Added |
| ZF Commercial Vehicle Control Systems India Limited | 1.10% | down 0.02 pts | ₹9 Cr | down ₹75 L | Trimmed |
| HDFC Asset Management Company Limited | 1.08% | down 0.09 pts | ₹8.9 Cr | down ₹1.3 Cr | Trimmed |
| Amber Enterprises India Limited | 1.06% | down 0.08 pts | ₹8.7 Cr | down ₹1.2 Cr | Trimmed |
| Tata Consumer Products Limited | 1.04% | down 0.03 pts | ₹8.5 Cr | down ₹79 L | Trimmed |
| Cash, TREPS & receivables | 1.03% | down 0.08 pts | ₹8.4 Cr | down ₹1.2 Cr | Trimmed |
| Engineers India Limited | 1.02% | up 0.32 pts | ₹8.3 Cr | up ₹2.3 Cr | Added |
| InterGlobe Aviation Limited | 1.00% | up 0.01 pts | ₹8.2 Cr | down ₹41 L | Trimmed |
| Cummins India Limited | 1.00% | down 0.01 pts | ₹8.2 Cr | down ₹59 L | Trimmed |
| Bajaj Finance Limited | 0.98% | down 0.04 pts | ₹8 Cr | down ₹82 L | Trimmed |
| UltraTech Cement Limited | 0.97% | up 0.02 pts | ₹8 Cr | down ₹36 L | Trimmed |
| AIA Engineering Limited | 0.95% | up 0.01 pts | ₹7.8 Cr | down ₹36 L | Trimmed |
| The Federal Bank Limited | 0.95% | down 0.06 pts | ₹7.8 Cr | down ₹96 L | Trimmed |
| Torrent Pharmaceuticals Limited | 0.94% | up 0.01 pts | ₹7.7 Cr | down ₹43 L | Trimmed |
| Acutaas Chemicals Limited | 0.93% | up 0.09 pts | ₹7.7 Cr | up ₹28 L | Added |
| Varun Beverages Limited | 0.93% | up 0.12 pts | ₹7.7 Cr | up ₹56 L | Added |
| Grindwell Norton Ltd. | 0.92% | up 0.04 pts | ₹7.6 Cr | down ₹11 L | Trimmed |
| Dixon Technologies (India) Limited | 0.92% | down 0.06 pts | ₹7.5 Cr | down ₹1 Cr | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (3)
- Zydus Lifesciences Limited0.6% · ₹5.2 Cr
- Cartrade Tech Limited0.4% · ₹3.2 Cr
- BSE Limited0.3% · ₹2.2 Cr
Exited Exited (1)
- Cipla Limitedwas 0.4% · ₹3.5 Cr
Added Biggest additions
- Engineers India Limitedup ₹2.3 Cr (+0.32% pts)
- RBL Bank Limitedup ₹2 Cr (+0.30% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Pharmaceuticals & Biotechnology (+0.6 pts) and Retailing (+0.5 pts), and fell most in IT - Software (−0.7 pts) and Insurance (−0.4 pts).
- Pharmaceuticals & Biotechnology5.9% → 6.5%+0.6 pts
- Retailing2.7% → 3.2%+0.5 pts
- Construction3.4% → 3.7%+0.3 pts
- Transport Infrastructure1.9% → 2.1%+0.2 pts
- Capital Markets1.2% → 1.4%+0.2 pts
- Banks21.9% → 22.0%+0.1 pts
- IT - Software5.7% → 5.0%−0.7 pts
- Insurance1.6% → 1.2%−0.4 pts
- Realty2.0% → 1.7%−0.3 pts
- Auto Components6.9% → 6.7%−0.3 pts
- Aerospace & Defense2.4% → 2.2%−0.2 pts
- Finance3.5% → 3.3%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|
| Banks | 22.2% | 21.9% | 22.0% |
| Auto Components | 5.5% | 6.9% | 6.7% |
| Pharmaceuticals & Biotechnology | 6.4% | 5.9% | 6.5% |
| Chemicals & Petrochemicals | 4.9% | 5.2% | 5.1% |
| IT - Software | 4.0% | 5.7% | 5.0% |
| Industrial Products | 3.5% | 3.9% | 4.0% |
| Construction | 3.5% | 3.4% | 3.7% |
| Electrical Equipment | 5.3% | 3.7% | 3.7% |
| Consumer Durables | 3.9% | 3.5% | 3.5% |
| Finance | 3.4% | 3.5% | 3.3% |
Allocation in Sep 2026change vs Aug 2026
- Banks (8)22.0%▲ 0.1 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Sep 2026
1.1%
unchanged vs Aug 2026
- Cash alone
- 1.0%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.1% – 2.1%
- lowest to highest · record 2.1% in May 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.