Union Arbitrage Fund Direct Growth

Hybrid
Direct
Arbitrage Fund
Union Arbitrage Fund Direct Growth

About the Fund

Union Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 27 February, 2019. The fund is managed by Devesh Thacker, Vishal Thakker. This fund gives you the benefit of diversification.

Key Parameters

  1. Union Arbitrage Fund Direct Growth has ₹204 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Union Arbitrage Fund Direct Growth has given a CAGR return of 5.82% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.45%, 6.24% and 5.70% respectively.

Holdings

Union Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Energy, Consumer Cyclical, Health, Basic Materials, Communication, Tech, Corporate, Consumer Defensive, Utilities, Government, Real Estate.

Taxation

As it is a arbitrage fund mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Union Arbitrage Fund Direct Growth

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Union Arbitrage Fund Direct Growth has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.4%
Benchmark
NIFTY 50 Arbitrage TR INR
AUM₹204 Cr
Inception Date27 February, 2019
Min Lumpsum/SIP₹1000/₹500
Exit Load
0.25%
Lock InNo Lock-in
TurnOver
300.84%
Risk
Risk meter
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Low Risk

Fund Distribution
as on (30-Jun-24)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Cash Equivalent
94.6%
Corporate
4.4%
Government
1%
All changes are between Oct'69 and Dec'69

Devesh Thacker
Devesh Thacker
Fund Manager of Union Arbitrage Fund Direct Growth, since 27 February 2019
Vishal Thakker
Vishal Thakker
Fund Manager of Union Arbitrage Fund Direct Growth, since 27 February 2019
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Union Arbitrage Fund Direct Growth
6.24%
5.59%

Mutual Fund Insights

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In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.81% return, outperforming this fund by 0.57% per annum.
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Over the last 6 months, this fund has experienced a 57.8% growth in AUM moving from 129.56 Cr to 204.4 Cr.
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This fund expense ratio is slightly on the lower side within the category (arbitrage fund). Its expense ratio is 0.4% which is lower than the category average expense ratio of 0.7%.
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In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.8% return, outperforming this fund by 0.35%.
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In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.17% return, outperforming this fund by 0.47% per annum.

Union Arbitrage Fund Direct Growth Highlights

Risk meter
pointer

Low Risk

Investors understand that their principal will be at Low Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5.82% since inception which is more than its category average return of 5.29%
AUM size ₹204 Cr

AUM size ₹204 Cr

This fund has AUM of ₹204 Cr which is less than its category average of ₹ 6908 Cr
Expense Ratio 0.4%

Expense Ratio 0.4%

This fund has an expense ratio of 0.4% which is less than its category average expense ratio of 0.71%

Frequently Asked Questions

The current NAV of Union Arbitrage Fund Direct Growth is ₹13.57 as on 15-Jul-2024.
Existing (Absolute + CAGR) as on 15-Jul-2024.
Union Arbitrage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.66%
0.66%
6 Month Returns
4.25%
4.25%
1 Year Returns
8.45%
8.45%
3 Years Returns
19.91%
6.24%
5 Years Returns
31.94%
5.7%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.4% as on June 2024
₹204 Cr as on June 2024
Union Liquid Dir Gr(13.19%), HDFC Bank Ltd(5.94%), Reliance Industries Ltd(3.41%), Indus Towers Ltd Ordinary Shares(2.68%), Kotak Mahindra Bank Ltd(2.33%) as on June 2024
Cash Equivalent(94.98%), Corporate(4.39%), Government(1.05%) as on June 2024
AAA
100
Devesh Thacker, Vishal Thakker are the fund managers of Union Arbitrage Fund Direct Growth
The Exit load of Union Arbitrage Fund Direct Growth is 0.25%