Union Children's Fund Direct Growth

Hybrid
Direct
Children
Union Children's Fund Direct Growth

About the Fund

Union Children's Fund Direct Growth is a hybrid fund. This fund was started on 19 December, 2023. The fund is managed by . This fund gives you the benefit of diversification.

Key Parameters

  1. Union Children's Fund Direct Growth has ₹51 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

Union Children's Fund Direct Growth has given a CAGR return of 17.90% since inception.

Holdings

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

Taxation

As it is a children 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 Children's Fund Direct Growth

The investment objective of the Scheme is to generate long term capital appreciation by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide investment solution to investors. However, there is no assurance that the Investment Objective of the Scheme will be achieved.

Minimum Investment and lockin period

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

Fund Performance

Fund Overview

Expense ratio0.8%
Benchmark
S&P BSE 500
AUM₹51 Cr
Inception Date19 December, 2023
Min Lumpsum/SIP₹1000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 95.8%

  • Debt & Cash 4.2%

Large cap
49.3%

Small cap
24.6%

Mid cap
20.5%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
20.3%
Industrial
18.9%
Consumer Cyclical
15.7%
Tech
9.8%
Basic Materials
9.3%
Communication
6.2%
Energy
5.9%
Real Estate
4.3%
Health
3.6%
Consumer Defensive
3.5%
Utilities
2.4%
All changes are between Oct'69 and Dec'69

Union Children's Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

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

About the fund

This fund has delivered returns of 17.9% since inception (19nd Dec 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 95.77% in Equity, 0.06% in Debt and 4.17% in Cash related instruments
AUM size ₹51 Cr

AUM size ₹51 Cr

This fund has AUM of ₹51 Cr which is less than its category average of ₹ 1664 Cr
Expense Ratio 0.8%

Expense Ratio 0.8%

This fund has an expense ratio of 0.8% which is less than its category average expense ratio of 1.7%

Frequently Asked Questions

The current NAV of Union Children's Fund Direct Growth is ₹11.87 as on 22-Jul-2024.
Existing (Absolute + CAGR) as on 22-Jul-2024.
Union Children's Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.7%
2.7%
6 Month Returns
15.36%
15.36%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.8% as on June 2024
₹51 Cr as on June 2024
HDFC Bank Ltd(5.44%), Reliance Industries Ltd(4.72%), ICICI Bank Ltd(4.67%), Larsen & Toubro Ltd(3.2%), Bharti Airtel Ltd(2.99%) as on June 2024
Financial Services(19.49%), Industrial(18.11%), Consumer Cyclical(15.01%) as on June 2024
AAA
100
The Exit load of Union Children's Fund Direct Growth is 0%